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East York Mortgage Information

Average Mortgage Loan in East York: $220,326

Busy Days for Mortgages within East York

The information below plots the busy days for mortgage applications that were received by the Super Brokers web site. A combined total of all occurrences of each day are represented for the past 5 years. In East York the most busy day of the week, with 20.41% of all submissions, is Thursday. In comparison, Sunday's are the slowest day with only 10.20% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Thursday: 20.4%
2 Tuesday: 16.3%
3 Monday: 14.3%
4 Wednesday: 14.3%
5 Friday: 12.2%
6 Saturday: 12.2%
7 Sunday: 10.2%
Busy Days Report for East York Mortgages

Peak Hours for Originated Mortgages within East York

In East York, inquiries are received 24 hours a day on the Mortgage Super Brokers web site. The graph shown below indicates the busy hours within a 24-hour period. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in East York
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 2.0%
1AM 01:00 to 01:59: 0%
2AM 02:00 to 02:59: 2.0%
3AM 03:00 to 03:59: 0%
4AM 04:00 to 04:59: 0%
5AM 05:00 to 05:59: 2.0%
6AM 06:00 to 06:59: 2.0%
7AM 07:00 to 07:59: 8.2%
8AM 08:00 to 08:59: 6.1%
9AM 09:00 to 09:59: 4.1%
10AM 10:00 to 10:59: 6.1%
11AM 11:00 to 11:59: 4.1%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 8.2%
1PM 13:00 to 13:59: 4.1%
2PM 14:00 to 14:59: 6.1%
3PM 15:00 to 15:59: 6.1%
4PM 16:00 to 16:59: 8.2%
5PM 17:00 to 17:59: 4.1%
6PM 18:00 to 18:59: 12.2%
7PM 19:00 to 19:59: 6.1%
8PM 20:00 to 20:59: 2.0%
9PM 21:00 to 21:59: 0%
10PM 22:00 to 22:59: 4.1%
11PM 23:00 to 23:59: 2.0%

Ontario Mortgage Originations Compared to all other Provinces and Territories


Online Mortgage Origination for the Province or Territory of Percentage of Applications
Alberta: 21.07%
British Columbia: 10.40%
Manitoba: 2.00%
New Brunswick: 2.53%
Newfoundland and Labrador: 1.30%
Nova Scotia: 3.29%
Northwest Territories: 0.49%
Nunavut: 0.10%
Ontario: 47.31%
Prince Edward Island: 0.51%
Quebec: 3.94%
Saskatchewan: 5.04%
Yukon: 0.47%

How East York Ranks in Ontario for Mortgage Business

The following table lists how East York ranks for mortgage applications sent to our website. The data collected is over a 7-year time frame. A location has to have a minimum of three applications to make the list. To find more information, simply click on a location.

RankLocation Contribution
76BOLTON, ON 0.097%
77PORT HOPE, ON 0.095%
78PEMBROKE, ON 0.093%
79LASALLE, ON 0.086%
80SMITHS FALLS, ON 0.085%
81EAST YORK, ON 0.085%
82STOUFFVILLE, ON 0.085%
83WATERDOWN, ON 0.085%
84FERGUS, ON 0.083%
85MIDLAND, ON 0.083%
86NAPANEE, ON 0.081%

Types of Mortgage Inquiries Received from East York


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 20.4%
First-time Home Buyer: 20.4%
New Home Purchase: 20.4%
Mortgage Renewal: 14.3%
Commercial: 12.2%
No Money Down Mortgage (discontinued): 4.1%
HELOC: 4.1%
Other: 4%
 
Total Application Types Found: 9

Age Demographics for East York Mortgages

Average age: 42
Oldest age: 74
Youngest age: 23


Incomes for East York Mortgages

The amounts shown below represent the average income of people living in East York who have submitted an inquiry using Mortgage Super Brokers' pre-approval application.

Average annual gross income for
mortgage applicants in East York: $57,853.23
applicants within all of Canada: $60,852.54
Difference: ($2,999.31)
  
mortgage co-applicants in East York: $55,790.00
co-applicants within all of Canada: $43,965.51
Difference: $11,824.49

Note: Commercial Mortgage loans were not included for this report, only residential mortgage loan amounts were used.


Last mortgage report update for East York: Friday, July 1, 2016
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Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Thornhill.

Mortgage Product Type Inquiries
Mortgage Renewal20.69%
New Purchase19.31%
Mortgage Pre-approval17.24%
First-time Home Buyer15.17%
Refinance/Consolidate Debt9.66%
No Money Down discontinued4.14%
Commercial Financing4.14%
Other9.66%