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Georgetown Mortgage Information

Average Mortgage Loan in Georgetown: $200,564

Busy Months for Online Mortgages within Georgetown

The 6-year bar graph below depicts the volumes of Internet applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Georgetown usually occur during our first quarter (represented by the brown bars) with 33.72% while our slowest is the fourth quarter (represented by the red bars) with 12.79%.

Busy Months Report for Georgetown Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 January: 16.3%
2 April: 12.8%
3 February: 11.6%
4 July: 11.6%
5 August: 10.5%
6 June: 8.1%
RankMonth Percentage of Applications
7 May: 5.8%
8 December: 5.8%
9 March: 5.8%
10 October: 5.8%
11 September: 4.7%
12 November: 1.2%

Busy Days for Online Mortgages within Georgetown

The data below displays the busy days for Internet mortgage applications that were received by the Super Brokers web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In Georgetown the most busy day of the week, with 20.93% of all inquiries, is Wednesday. In comparison, Saturday's are the slowest day with only 8.14% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Wednesday: 20.9%
2 Monday: 17.4%
3 Tuesday: 17.4%
4 Friday: 12.8%
5 Thursday: 12.8%
6 Sunday: 10.5%
7 Saturday: 8.1%
Busy Days Report for Georgetown Mortgages

Peak Hours for Mortgage Applicants within Georgetown

Inquiries are received 24 hours a day via our web site. The report shown below indicates the rush hours within a 24-hour period. The data is taken from all days of all years. Only 44.2% of all mortgages are received during the morning, while 55.8% arrive in the afternoon.


Peak Hours Graph for Mortgages in Georgetown
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: 1.2%
4AM 04:00 to 04:59: 0%
5AM 05:00 to 05:59: 0%
6AM 06:00 to 06:59: 4.7%
7AM 07:00 to 07:59: 3.5%
8AM 08:00 to 08:59: 8.1%
9AM 09:00 to 09:59: 8.1%
10AM 10:00 to 10:59: 10.5%
11AM 11:00 to 11:59: 8.1%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 5.8%
1PM 13:00 to 13:59: 10.5%
2PM 14:00 to 14:59: 14.0%
3PM 15:00 to 15:59: 4.7%
4PM 16:00 to 16:59: 3.5%
5PM 17:00 to 17:59: 3.5%
6PM 18:00 to 18:59: 3.5%
7PM 19:00 to 19:59: 1.2%
8PM 20:00 to 20:59: 4.7%
9PM 21:00 to 21:59: 2.3%
10PM 22:00 to 22:59: 0%
11PM 23:00 to 23:59: 2.3%

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 Georgetown Ranks in Ontario for Mortgage Business

The following table lists how Georgetown 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
50ST THOMAS, ON 0.175%
51ORANGEVILLE, ON 0.164%
52BROCKVILLE, ON 0.163%
53KESWICK, ON 0.152%
54BOWMANVILLE, ON 0.149%
55GEORGETOWN, ON 0.149%
56TRENTON, ON 0.147%
57SIMCOE, ON 0.142%
58COBOURG, ON 0.137%
59STRATFORD, ON 0.137%
60DUNDAS, ON 0.137%

Types of Mortgage Inquiries Received from Georgetown


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Refinance / Debt Consolidation: 23.3%
Mortgage Renewal: 17.4%
First-time Home Buyer: 16.3%
Mortgage Pre-approval: 11.6%
New Home Purchase: 11.6%
No Money Down Mortgage (discontinued): 9.3%
Other: 10.5%
 
Total Application Types Found: 12

Age Demographics for Georgetown Mortgage Applicants

Average age: 41
Oldest age: 79
Youngest age: 23


Incomes for Georgetown Mortgage Applicants

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

Average annual gross income for
mortgage applicants in Georgetown: $73,388.13
applicants within all of Canada: $60,852.54
Difference: $12,535.58
  
mortgage co-applicants in Georgetown: $54,616.98
co-applicants within all of Canada: $43,965.51
Difference: $10,651.46

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


Last mortgage report update for Georgetown: 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 Petawawa.

Mortgage Product Type Inquiries
First-time Home Buyer25.40%
No Money Down discontinued23.81%
Mortgage Pre-approval20.63%
New Purchase11.11%
Refinance/Consolidate Debt11.11%
Mortgage Renewal6.35%
Other1.59%