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Grimsby Mortgage Information

Average Mortgage Loan in Grimsby: $202,460

Busy Months for Online Mortgages within Grimsby

The graph below illustrates the volumes of online mortgage applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Grimsby usually occur during our first quarter (represented by the brown bars) with 31.82% while our slowest is the fourth quarter (represented by the red bars) with 15.15%.

Busy Months Report for Grimsby Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 January: 12.1%
2 March: 12.1%
3 September: 12.1%
4 May: 9.1%
5 April: 9.1%
6 August: 9.1%
RankMonth Percentage of Applications
7 February: 7.6%
8 July: 7.6%
9 November: 6.1%
10 October: 6.1%
11 June: 6.1%
12 December: 3.0%

Busy Days for Mortgages Received within Grimsby

The bar graph below plots the busy days for mortgage applications that were received by our web site. Each day is a representation of the combined 6-year total of all instances of that day. In Grimsby, the day with the most volume, having more than 22.73% of all submissions, is Monday. In comparison, Sunday's are the slowest day with only 7.58% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 22.7%
2 Tuesday: 18.2%
3 Friday: 15.2%
4 Thursday: 15.2%
5 Wednesday: 12.1%
6 Saturday: 9.1%
7 Sunday: 7.6%
Busy Days Report for Grimsby Mortgages

Peak Hours for Applicants within Grimsby

Grimsby mortgage applications are received 24 hours a day from the Mortgage Super Brokers web site. The information shown below represents the rush hours over a 24-hour period. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Grimsby
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: 1.5%
5AM 05:00 to 05:59: 3.0%
6AM 06:00 to 06:59: 3.0%
7AM 07:00 to 07:59: 4.5%
8AM 08:00 to 08:59: 10.6%
9AM 09:00 to 09:59: 9.1%
10AM 10:00 to 10:59: 4.5%
11AM 11:00 to 11:59: 7.6%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 4.5%
1PM 13:00 to 13:59: 13.6%
2PM 14:00 to 14:59: 7.6%
3PM 15:00 to 15:59: 4.5%
4PM 16:00 to 16:59: 4.5%
5PM 17:00 to 17:59: 4.5%
6PM 18:00 to 18:59: 4.5%
7PM 19:00 to 19:59: 3.0%
8PM 20:00 to 20:59: 6.1%
9PM 21:00 to 21:59: 1.5%
10PM 22:00 to 22:59: 1.5%
11PM 23:00 to 23:59: 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 Grimsby Ranks in Ontario for Mortgage Business

The following table lists how Grimsby 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
61LINDSAY, ON 0.131%
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%

Types of Mortgage Inquiries Received from Grimsby


Type of Mortgage Application Form Selected  Percentage
of Inquiries
New Home Purchase: 24.2%
Refinance / Debt Consolidation: 19.7%
Mortgage Renewal: 16.7%
Mortgage Pre-approval: 10.6%
No Money Down Mortgage (discontinued): 7.6%
First-time Home Buyer: 6.1%
Other: 15%
 
Total Application Types Found: 14

Age Demographics for Grimsby Mortgage Applicants

Average age: 39
Oldest age: 60
Youngest age: 19


Incomes for Grimsby Mortgage Applicants

The following depicts the average income of Canadians living in Grimsby who have applied for a loan using Mortgage Super Brokers' pre-approval application.

Average annual gross income for
mortgage applicants in Grimsby: $77,112.39
applicants within all of Canada: $60,852.54
Difference: $16,259.85
  
mortgage co-applicants in Grimsby: $56,607.83
co-applicants within all of Canada: $43,965.51
Difference: $12,642.32

Note: Commercial loan amounts were not included for this section, only residential loans were used.


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