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Fort Erie Mortgage Information

Average Mortgage Loan in Fort Erie: $132,064

Busy Months for Mortgage Applications within Fort Erie

The graph below shows the volumes of online mortgage applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Fort Erie happen to occur during our first quarter (represented by the brown bars) with 31.25% while our slowest is the fourth quarter (represented by the red bars) with 20.31%.

Busy Months Report for Fort Erie Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 February: 14.1%
2 June: 14.1%
3 March: 12.5%
4 September: 12.5%
5 August: 9.4%
6 November: 7.8%
RankMonth Percentage of Applications
7 October: 7.8%
8 January: 4.7%
9 April: 4.7%
10 December: 4.7%
11 July: 4.7%
12 May: 3.1%

Busy Days for Online Mortgages within Fort Erie

The graph listed below displays the busy days for online applications that were received by the Super Brokers web site. Each day is a representation of the combined 6-year total of all instances of that day. In Fort Erie the busiest day, with approximately 25.00% of all submissions, is Monday. In comparison, Thursday's are the slowest day with only 7.81% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 25.0%
2 Tuesday: 18.8%
3 Wednesday: 15.6%
4 Friday: 12.5%
5 Saturday: 12.5%
6 Sunday: 7.8%
7 Thursday: 7.8%
Busy Days Report for Fort Erie Mortgages

Peak Hours for Based Mortgages within Fort Erie

Applications are received 24 hours a day from the Mortgage Super Brokers web site. The time periods below represents the busy hours in the day. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Fort Erie
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: 6.3%
7AM 07:00 to 07:59: 1.6%
8AM 08:00 to 08:59: 3.1%
9AM 09:00 to 09:59: 6.3%
10AM 10:00 to 10:59: 9.4%
11AM 11:00 to 11:59: 9.4%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 6.3%
1PM 13:00 to 13:59: 6.3%
2PM 14:00 to 14:59: 4.7%
3PM 15:00 to 15:59: 7.8%
4PM 16:00 to 16:59: 4.7%
5PM 17:00 to 17:59: 4.7%
6PM 18:00 to 18:59: 6.3%
7PM 19:00 to 19:59: 7.8%
8PM 20:00 to 20:59: 4.7%
9PM 21:00 to 21:59: 6.3%
10PM 22:00 to 22:59: 3.1%
11PM 23:00 to 23:59: 1.6%

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 Fort Erie Ranks in Ontario for Mortgage Business

The following table lists how Fort Erie 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
62MAPLE, ON 0.131%
63STRATHROY, ON 0.123%
64OWEN SOUND, ON 0.123%
65BRADFORD, ON 0.119%
66GRIMSBY, ON 0.114%
67FORT ERIE, ON 0.111%
68PETAWAWA, ON 0.109%
69TILLSONBURG, ON 0.107%
70INNISFIL, ON 0.105%
71ANCASTER, ON 0.104%
72COURTICE, ON 0.102%

Types of Mortgage Inquiries Received from Fort Erie


Type of Mortgage Application Form Selected  Percentage
of Inquiries
No Money Down Mortgage (discontinued): 17.2%
First-time Home Buyer: 17.2%
New Home Purchase: 15.6%
Mortgage Renewal: 14.1%
Mortgage Pre-approval: 12.5%
Refinance / Debt Consolidation: 10.9%
Pre-approval: 4.7%
Second Mortgage: 4.7%
Other: 3.1%
 
Total Application Types Found: 9

Age Demographics for Fort Erie Applicants

Average age: 37
Oldest age: 64
Youngest age: 22


Incomes for Fort Erie Applicants

The following depicts the average income of applicants living in Fort Erie who have submitted an inquiry using Mortgage Super Brokers' pre-approval application.

Average annual gross income for
mortgage applicants in Fort Erie: $48,672.13
applicants within all of Canada: $60,852.54
Difference: ($12,180.41)
  
mortgage co-applicants in Fort Erie: $40,255.53
co-applicants within all of Canada: $43,965.51
Difference: ($3,709.98)

Note: Commercial Mortgage loans were not included for this survey, only residential mortgage loans from Fort Erie, Ontario were used.


Last mortgage report update for Fort Erie: Friday, July 1, 2016
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