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Fergus Mortgage Information

Average Mortgage Loan in Fergus: $187,635

Busy Days for Mortgage Applications within Fergus

The bar graph listed below shows the busy days for Internet mortgage applications that were received by Super Brokers. Each day represents a combined total of all occurrences of that day in the past 5 years. In Fergus the busiest day, with 22.92% of all applications, is Tuesday. In comparison, Saturday's are the slowest day with only 4.17% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Tuesday: 22.9%
2 Friday: 18.8%
3 Monday: 14.6%
4 Wednesday: 14.6%
5 Sunday: 12.5%
6 Thursday: 12.5%
7 Saturday: 4.2%
Busy Days Report for Fergus Mortgages

Peak Hours for Mortgage Applicants within Fergus

Mortgage inquiries are received 24 hours a day from the Mortgage Super Brokers web site. The information shown below represents the rush hours within a 24-hour period. The data is taken from all days of all years. Only 37.5% of all mortgages are received during the morning, while 62.5% arrive in the afternoon.


Peak Hours Graph for Mortgages in Fergus
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: 0%
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: 6.3%
8AM 08:00 to 08:59: 6.3%
9AM 09:00 to 09:59: 6.3%
10AM 10:00 to 10:59: 2.1%
11AM 11:00 to 11:59: 12.5%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 2.1%
1PM 13:00 to 13:59: 8.3%
2PM 14:00 to 14:59: 8.3%
3PM 15:00 to 15:59: 4.2%
4PM 16:00 to 16:59: 4.2%
5PM 17:00 to 17:59: 10.4%
6PM 18:00 to 18:59: 4.2%
7PM 19:00 to 19:59: 4.2%
8PM 20:00 to 20:59: 6.3%
9PM 21:00 to 21:59: 4.2%
10PM 22:00 to 22:59: 4.2%
11PM 23:00 to 23:59: 2.1%

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 Fergus Ranks in Ontario for Mortgage Business

The following table lists how Fergus 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
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%
87ACTON, ON 0.081%
88HUNTSVILLE, ON 0.081%
89WASAGA BEACH, ON 0.078%

Types of Mortgage Inquiries Received from Fergus


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Refinance / Debt Consolidation: 22.9%
Mortgage Pre-approval: 16.7%
First-time Home Buyer: 14.6%
Mortgage Renewal: 12.5%
New Home Purchase: 12.5%
No Money Down Mortgage (discontinued): 12.5%
Pre-approval: 4.2%
Commercial: 4.2%
 
Total Application Types Found: 8

Age Demographics for Fergus Mortgages

Average age: 39
Oldest age: 70
Youngest age: 24


Incomes for Fergus Mortgages

The amounts shown below represent the average income of Canadians living in Fergus who have submitted an inquiry using the pre-approval application on the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Fergus: $59,670.85
applicants within all of Canada: $60,852.54
Difference: ($1,181.69)
  
mortgage co-applicants in Fergus: $35,681.40
co-applicants within all of Canada: $43,965.51
Difference: ($8,284.11)

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


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