
The Mortgage Group®
Kitchener Mortgage Information
Average Mortgage Loan in Kitchener: $183,588Busy Months for Mortgage Inquiries within Kitchener
The following bar graph shows the volumes of Web applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Kitchener happen to occur during our first quarter (represented by the brown bars) with 28.57% while our slowest is the fourth quarter (represented by the red bars) with 20.84%.

Rankings for Busy Mortgage Months
Rank | Month | Percentage of Applications | |
---|---|---|---|
1 | March: | 11.1% | |
2 | April: | 10.8% | |
3 | January: | 10.6% | |
4 | May: | 8.9% | |
5 | September: | 8.9% | |
6 | November: | 8.7% |
Rank | Month | Percentage of Applications | |
---|---|---|---|
7 | June: | 8.2% | |
8 | August: | 7.6% | |
9 | October: | 7.6% | |
10 | February: | 6.9% | |
11 | July: | 6.2% | |
12 | December: | 4.5% |
Busy Days for Online Applications within Kitchener
The graph listed below plots the busy days for online applications that were received by our web site. A combined total of all occurrences of each day are represented for the past 5 years. In Kitchener, the day with the most volume, generating 19.66% of all applications, is Tuesday. In comparison, Sunday's are the slowest day with only 9.41% of all inquiries.
Rank | Day of the Week | Percentage of Applications |
---|---|---|
1 | Tuesday: | 19.7% |
2 | Thursday: | 17.8% |
3 | Monday: | 15.8% |
4 | Wednesday: | 14.1% |
5 | Friday: | 12.9% |
6 | Saturday: | 10.3% |
7 | Sunday: | 9.4% |

Peak Hours for Mortgages within Kitchener
Mortgage inquiries are received 24 hours a day on the Super Brokers' web site. The statistics shown below indicates the peak hours in the day. The data is taken from all days of all years. Only 36.0% of all mortgages are received before noon, while 61.7% arrive in the afternoon.

Time | Period (24 Hour) | Percentage of Applications |
---|---|---|
12AM | 00:00 to 00:59: | 0.8% |
1AM | 01:00 to 01:59: | 0.8% |
2AM | 02:00 to 02:59: | 0.7% |
3AM | 03:00 to 03:59: | 0.5% |
4AM | 04:00 to 04:59: | 0.8% |
5AM | 05:00 to 05:59: | 1.0% |
6AM | 06:00 to 06:59: | 2.0% |
7AM | 07:00 to 07:59: | 4.9% |
8AM | 08:00 to 08:59: | 6.2% |
9AM | 09:00 to 09:59: | 6.9% |
10AM | 10:00 to 10:59: | 6.4% |
11AM | 11:00 to 11:59: | 7.2% |
Time | Period (24 Hour) | Percentage of Applications |
---|---|---|
Lunch | 12:00 to 12:59: | 6.6% |
1PM | 13:00 to 13:59: | 6.1% |
2PM | 14:00 to 14:59: | 7.4% |
3PM | 15:00 to 15:59: | 7.1% |
4PM | 16:00 to 16:59: | 4.5% |
5PM | 17:00 to 17:59: | 5.5% |
6PM | 18:00 to 18:59: | 5.7% |
7PM | 19:00 to 19:59: | 5.4% |
8PM | 20:00 to 20:59: | 5.5% |
9PM | 21:00 to 21:59: | 3.7% |
10PM | 22:00 to 22:59: | 1.8% |
11PM | 23:00 to 23:59: | 2.4% |
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 Kitchener Ranks in Ontario for Mortgage Business
The following table lists how Kitchener 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.
Rank | Location | Contribution |
---|---|---|
2 | MISSISSAUGA, ON | 2.356% |
3 | OTTAWA, ON | 2.125% |
4 | LONDON, ON | 1.487% |
5 | BRAMPTON, ON | 1.476% |
6 | HAMILTON, ON | 1.454% |
7 | KITCHENER, ON | 1.029% |
8 | SCARBOROUGH, ON | 0.854% |
9 | WINDSOR, ON | 0.783% |
10 | BARRIE, ON | 0.768% |
11 | BURLINGTON, ON | 0.752% |
12 | GUELPH, ON | 0.685% |
Types of Mortgage Inquiries Received from Kitchener
Type of Mortgage Application Form Selected | Percentage of Inquiries | |
---|---|---|
First-time Home Buyer: | 22.4% | |
Mortgage Pre-approval: | 20.2% | |
New Home Purchase: | 14.3% | |
Refinance / Debt Consolidation: | 13.3% | |
No Money Down Mortgage (discontinued): | 11.4% | |
Mortgage Renewal: | 10.4% | |
Other: | 8% | |
Total Application Types Found: 15 |
Age Demographics for Kitchener Based Mortgages
Average age: 37
Oldest age: 78
Youngest age: 19
Incomes for Kitchener Based Mortgages
The following depicts the average income of Canadians living in Kitchener who have submitted an inquiry using Mortgage Super Brokers' pre-approval application.
Average annual gross income for | |
---|---|
mortgage applicants in Kitchener: | $56,435.46 |
applicants within all of Canada: | $60,852.54 |
Difference: | ($4,417.08) |
mortgage co-applicants in Kitchener: | $45,508.57 |
co-applicants within all of Canada: | $43,965.51 |
Difference: | $1,543.06 |