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Gloucester Mortgage Information

Average Mortgage Loan in Gloucester: $216,480

Busy Months for Mortgage Applications within Gloucester

The following depicts the volumes of online applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Gloucester occur during our second quarter (represented by the green bars) with 33.33% while our slowest is the fourth quarter (represented by the red bars) with 12.28%.

Busy Months Report for Gloucester Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 August: 15.8%
2 April: 14.0%
3 January: 10.5%
4 March: 10.5%
5 June: 10.5%
6 May: 8.8%
RankMonth Percentage of Applications
7 November: 7.0%
8 September: 7.0%
9 February: 5.3%
10 July: 5.3%
11 October: 3.5%
12 December: 1.8%

Busy Days for Applications within Gloucester

The information listed below plots the busy days for online applications that were received by Super Brokers' web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In Gloucester, the day with the most volume, generating 26.32% of all submissions, is Monday. In comparison, Thursday's are the slowest day with only 8.77% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 26.3%
2 Wednesday: 15.8%
3 Tuesday: 12.3%
4 Friday: 12.3%
5 Sunday: 12.3%
6 Saturday: 12.3%
7 Thursday: 8.8%
Busy Days Report for Gloucester Mortgages

Peak Hours for Mortgage Applicants within Gloucester

Applications are received 24 hours a day on the Super Brokers web site. The time periods below indicates the peak hours over a 24-hour period. The data is taken from all days of all years. Only 40.4% of all mortgages are received before noon, while 57.9% arrive in the afternoon.


Peak Hours Graph for Mortgages in Gloucester
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 1.8%
1AM 01:00 to 01:59: 0%
2AM 02:00 to 02:59: 0%
3AM 03:00 to 03:59: 1.8%
4AM 04:00 to 04:59: 0%
5AM 05:00 to 05:59: 5.3%
6AM 06:00 to 06:59: 1.8%
7AM 07:00 to 07:59: 7.0%
8AM 08:00 to 08:59: 12.3%
9AM 09:00 to 09:59: 1.8%
10AM 10:00 to 10:59: 5.3%
11AM 11:00 to 11:59: 5.3%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 10.5%
1PM 13:00 to 13:59: 7.0%
2PM 14:00 to 14:59: 5.3%
3PM 15:00 to 15:59: 3.5%
4PM 16:00 to 16:59: 7.0%
5PM 17:00 to 17:59: 7.0%
6PM 18:00 to 18:59: 1.8%
7PM 19:00 to 19:59: 3.5%
8PM 20:00 to 20:59: 3.5%
9PM 21:00 to 21:59: 1.8%
10PM 22:00 to 22:59: 3.5%
11PM 23:00 to 23:59: 3.5%

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 Gloucester Ranks in Ontario for Mortgage Business

The following table lists how Gloucester 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
70INNISFIL, ON 0.105%
71ANCASTER, ON 0.104%
72COURTICE, ON 0.102%
73ALLISTON, ON 0.100%
74COLLINGWOOD, ON 0.100%
75GLOUCESTER, ON 0.099%
76BOLTON, ON 0.097%
77PORT HOPE, ON 0.095%
78PEMBROKE, ON 0.093%
79LASALLE, ON 0.086%
80SMITHS FALLS, ON 0.085%

Types of Mortgage Inquiries Received from Gloucester


Type of Mortgage Application Form Selected  Percentage
of Inquiries
New Home Purchase: 35.1%
First-time Home Buyer: 14.0%
Mortgage Pre-approval: 12.3%
No Money Down Mortgage (discontinued): 10.5%
Refinance / Debt Consolidation: 10.5%
Mortgage Renewal: 8.8%
Other: 9%
 
Total Application Types Found: 11

Age Demographics for Gloucester Applicants

Average age: 37
Oldest age: 69
Youngest age: 21


Incomes for Gloucester Applicants

The numbers below represent the average income of people living in Gloucester who have applied for a loan using the pre-approval application on Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Gloucester: $52,226.25
applicants within all of Canada: $60,852.54
Difference: ($8,626.29)
  
mortgage co-applicants in Gloucester: $42,119.18
co-applicants within all of Canada: $43,965.51
Difference: ($1,846.33)

Note: Commercial Mortgages were not included for this report, only residential mortgages from Gloucester, Ontario were used.


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