
The Mortgage Group®
London Mortgage Information
Average Mortgage Loan in London: $162,655Busy Months for Online Mortgages within London
The following bar graph represents the volumes of mortgage applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from London mostly occur during our first quarter (represented by the brown bars) with 30.70% while our slowest is the fourth quarter (represented by the red bars) with 20.12%.

Rankings for Busy Mortgage Months
Rank | Month | Percentage of Applications | |
---|---|---|---|
1 | January: | 11.1% | |
2 | March: | 10.9% | |
3 | May: | 10.0% | |
4 | February: | 8.7% | |
5 | April: | 8.4% | |
6 | September: | 8.3% |
Rank | Month | Percentage of Applications | |
---|---|---|---|
7 | October: | 7.9% | |
8 | August: | 7.8% | |
9 | July: | 7.6% | |
10 | June: | 7.2% | |
11 | November: | 6.4% | |
12 | December: | 5.8% |
Busy Days for Applications within London
The data below shows the busy days for mortgage 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 London the busiest day, with approximately 19.42% of all submissions, is Tuesday. In comparison, Saturday's are the slowest day with only 10.23% of all inquiries.
Rank | Day of the Week | Percentage of Applications |
---|---|---|
1 | Tuesday: | 19.4% |
2 | Wednesday: | 17.8% |
3 | Monday: | 17.3% |
4 | Thursday: | 12.6% |
5 | Sunday: | 11.9% |
6 | Friday: | 10.8% |
7 | Saturday: | 10.2% |

Peak Hours for Mortgage Applicants within London
In London, applications are received 24 hours a day from the Mortgage Super Brokers web site. The information shown below indicates the busy hours within a 24-hour period. The data is taken from all days of all years. Only 36.3% 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: | 0.3% |
3AM | 03:00 to 03:59: | 0.6% |
4AM | 04:00 to 04:59: | 0.7% |
5AM | 05:00 to 05:59: | 1.5% |
6AM | 06:00 to 06:59: | 2.0% |
7AM | 07:00 to 07:59: | 3.7% |
8AM | 08:00 to 08:59: | 6.6% |
9AM | 09:00 to 09:59: | 6.5% |
10AM | 10:00 to 10:59: | 6.6% |
11AM | 11:00 to 11:59: | 8.0% |
Time | Period (24 Hour) | Percentage of Applications |
---|---|---|
Lunch | 12:00 to 12:59: | 8.1% |
1PM | 13:00 to 13:59: | 5.3% |
2PM | 14:00 to 14:59: | 5.9% |
3PM | 15:00 to 15:59: | 5.9% |
4PM | 16:00 to 16:59: | 2.9% |
5PM | 17:00 to 17:59: | 7.0% |
6PM | 18:00 to 18:59: | 6.4% |
7PM | 19:00 to 19:59: | 5.9% |
8PM | 20:00 to 20:59: | 5.6% |
9PM | 21:00 to 21:59: | 3.6% |
10PM | 22:00 to 22:59: | 2.7% |
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 London Ranks in Ontario for Mortgage Business
The following table lists how London 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 |
---|---|---|
1 | TORONTO, ON | 4.353% |
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% |
Types of Mortgage Inquiries Received from London
Type of Mortgage Application Form Selected | Percentage of Inquiries | |
---|---|---|
First-time Home Buyer: | 21.3% | |
Mortgage Pre-approval: | 19.8% | |
New Home Purchase: | 13.6% | |
Refinance / Debt Consolidation: | 12.8% | |
No Money Down Mortgage (discontinued): | 12.4% | |
Mortgage Renewal: | 12.0% | |
Other: | 8% | |
Total Application Types Found: 17 |
Age Demographics for London Mortgage Applicants
Average age: 37
Oldest age: 84
Youngest age: 20
Incomes for London Mortgage Applicants
The following depicts the average income of Canadians living in London who have submitted a mortgage inquiry using the online application located at the Mortgage Super Brokers' web site.
Average annual gross income for | |
---|---|
mortgage applicants in London: | $54,258.06 |
applicants within all of Canada: | $60,852.54 |
Difference: | ($6,594.48) |
mortgage co-applicants in London: | $41,367.12 |
co-applicants within all of Canada: | $43,965.51 |
Difference: | ($2,598.39) |