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Etobicoke Mortgage Information

Average Mortgage Loan in Etobicoke: $240,189

Busy Months for Mortgages within Etobicoke

The bar graph below illustrates the volumes of mortgage applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Etobicoke usually occur during our second quarter (represented by the green bars) with 32.89% while our slowest is the fourth quarter (represented by the red bars) with 17.79%.

Busy Months Report for Etobicoke Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 May: 11.7%
2 April: 11.1%
3 January: 10.4%
4 March: 10.1%
5 June: 10.1%
6 October: 8.4%
RankMonth Percentage of Applications
7 August: 8.1%
8 February: 7.4%
9 July: 7.0%
10 September: 6.4%
11 December: 5.0%
12 November: 4.4%

Busy Days for Online Applications within Etobicoke

The data below compares the busy days for online mortgage applications that were received by Super Brokers' web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Etobicoke the busiest day of the week, with 18.46% of all applications, is Monday. In comparison, Friday's are the slowest day with only 9.40% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 18.5%
2 Wednesday: 17.4%
3 Thursday: 15.4%
4 Tuesday: 15.1%
5 Sunday: 12.8%
6 Saturday: 11.4%
7 Friday: 9.4%
Busy Days Report for Etobicoke Mortgages

Peak Hours for Based Mortgages within Etobicoke

In Etobicoke, mortgages are received 24 hours a day via the Super Brokers web site. The time periods below represents the peak hours within a 24-hour period. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Etobicoke
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 0.7%
1AM 01:00 to 01:59: 0.3%
2AM 02:00 to 02:59: 0%
3AM 03:00 to 03:59: 0%
4AM 04:00 to 04:59: 1.0%
5AM 05:00 to 05:59: 1.3%
6AM 06:00 to 06:59: 2.0%
7AM 07:00 to 07:59: 4.4%
8AM 08:00 to 08:59: 8.4%
9AM 09:00 to 09:59: 5.4%
10AM 10:00 to 10:59: 7.4%
11AM 11:00 to 11:59: 8.1%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 6.0%
1PM 13:00 to 13:59: 7.7%
2PM 14:00 to 14:59: 6.0%
3PM 15:00 to 15:59: 5.7%
4PM 16:00 to 16:59: 5.4%
5PM 17:00 to 17:59: 5.7%
6PM 18:00 to 18:59: 6.7%
7PM 19:00 to 19:59: 4.0%
8PM 20:00 to 20:59: 5.7%
9PM 21:00 to 21:59: 4.7%
10PM 22:00 to 22:59: 2.3%
11PM 23:00 to 23:59: 1.0%

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 Etobicoke Ranks in Ontario for Mortgage Business

The following table lists how Etobicoke 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
13OAKVILLE, ON 0.647%
14CAMBRIDGE, ON 0.624%
15OSHAWA, ON 0.614%
16ST CATHARINES, ON 0.536%
17NORTH YORK, ON 0.522%
18ETOBICOKE, ON 0.515%
19RICHMOND HILL, ON 0.512%
20BRANTFORD, ON 0.494%
21KINGSTON, ON 0.482%
22MARKHAM, ON 0.439%
23SAULT STE MARIE, ON 0.429%

Types of Mortgage Inquiries Received from Etobicoke


Type of Mortgage Application Form Selected  Percentage
of Inquiries
First-time Home Buyer: 29.5%
Mortgage Pre-approval: 17.1%
New Home Purchase: 15.4%
Mortgage Renewal: 12.4%
No Money Down Mortgage (discontinued): 11.1%
Refinance / Debt Consolidation: 9.1%
Other: 5.1%
 
Total Application Types Found: 13

Age Demographics for Etobicoke Mortgage Applicants

Average age: 37
Oldest age: 73
Youngest age: 21


Incomes for Etobicoke Mortgage Applicants

The amounts shown below represent the average income of applicants living in Etobicoke who have applied for a loan using Mortgage Super Brokers' pre-approval application.

Average annual gross income for
mortgage applicants in Etobicoke: $57,049.43
applicants within all of Canada: $60,852.54
Difference: ($3,803.11)
  
mortgage co-applicants in Etobicoke: $45,114.96
co-applicants within all of Canada: $43,965.51
Difference: $1,149.44

Note: Commercial loans were not included for this survey, only residential mortgage loans were used.


Last mortgage report update for Etobicoke: 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 Collingwood.

Mortgage Product Type Inquiries
First-time Home Buyer25.86%
Mortgage Pre-approval22.41%
Refinance/Consolidate Debt18.97%
No Money Down discontinued17.24%
Mortgage Renewal10.34%
Other5.17%
 
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