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Elmira Mortgage Information

Average Mortgage Loan in Elmira: $168,738

Peak Hours for Mortgage Applicants within Elmira

In Elmira, mortgage applications are received 24 hours a day on the Mortgage Super Brokers web site. The statistics shown below represents the peak hours within a 24-hour period. The data is taken from all days of all years. Only 45.8% of all mortgages are received during the morning, while 54.2% arrive in the afternoon.


Peak Hours Graph for Mortgages in Elmira
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 0%
1AM 01:00 to 01:59: 0%
2AM 02:00 to 02:59: 0%
3AM 03:00 to 03:59: 4.2%
4AM 04:00 to 04:59: 0%
5AM 05:00 to 05:59: 0%
6AM 06:00 to 06:59: 4.2%
7AM 07:00 to 07:59: 4.2%
8AM 08:00 to 08:59: 4.2%
9AM 09:00 to 09:59: 4.2%
10AM 10:00 to 10:59: 12.5%
11AM 11:00 to 11:59: 12.5%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 4.2%
1PM 13:00 to 13:59: 4.2%
2PM 14:00 to 14:59: 0%
3PM 15:00 to 15:59: 4.2%
4PM 16:00 to 16:59: 16.7%
5PM 17:00 to 17:59: 4.2%
6PM 18:00 to 18:59: 4.2%
7PM 19:00 to 19:59: 12.5%
8PM 20:00 to 20:59: 0%
9PM 21:00 to 21:59: 4.2%
10PM 22:00 to 22:59: 0%
11PM 23:00 to 23:59: 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 Elmira Ranks in Ontario for Mortgage Business

The following table lists how Elmira 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
145NIAGARA ON THE LAKE, ON 0.045%
146ARNPRIOR, ON 0.045%
147BORDEN, ON 0.045%
148PEFFERLAW, ON 0.043%
149ST MARYS, ON 0.043%
150ELMIRA, ON 0.041%
151PENETANGUISHENE, ON 0.041%
152LISTOWEL, ON 0.041%
153SHELBURNE, ON 0.041%
154WALKERTON, ON 0.040%
155ALMONTE, ON 0.040%

Types of Mortgage Inquiries Received from Elmira


Type of Mortgage Application Form Selected  Percentage
of Inquiries
New Home Purchase: 29.2%
First-time Home Buyer: 20.8%
Mortgage Pre-approval: 16.7%
No Money Down Mortgage (discontinued): 12.5%
Mortgage Renewal: 8.3%
Refinance / Debt Consolidation: 8.3%
Commercial: 4.2%
 
Total Application Types Found: 7

Age Demographics for Elmira Applicants

Average age: 37
Oldest age: 63
Youngest age: 23


Incomes for Elmira Applicants

The following figures show the average income of applicants living in Elmira who have submitted a mortgage inquiry using the pre-approval application on Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Elmira: $59,295.45
applicants within all of Canada: $60,852.54
Difference: ($1,557.09)
  
mortgage co-applicants in Elmira: $28,925.00
co-applicants within all of Canada: $43,965.51
Difference: ($15,040.51)

Note: Commercial loans were not included for this survey, only residential loans amounts from Elmira, Ontario were used.


Last mortgage report update for Elmira: Friday, July 1, 2016
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