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Midland Mortgage Information

Average Mortgage Loan in Midland: $129,057

Busy Days for Mortgages Received within Midland

The information below shows the busy days for online 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 Midland the busiest day, with approximately 22.92% of all submissions, is Thursday. In comparison, Saturday's are the slowest day with only 4.17% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Thursday: 22.9%
2 Tuesday: 18.8%
3 Monday: 16.7%
4 Friday: 12.5%
5 Wednesday: 12.5%
6 Sunday: 12.5%
7 Saturday: 4.2%
Busy Days Report for Midland Mortgages

Peak Hours for Originated Mortgages within Midland

Mortgage applications are received 24 hours a day on the Super Brokers web site. The following 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 Midland
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: 2.1%
3AM 03:00 to 03:59: 0%
4AM 04:00 to 04:59: 2.1%
5AM 05:00 to 05:59: 2.1%
6AM 06:00 to 06:59: 2.1%
7AM 07:00 to 07:59: 2.1%
8AM 08:00 to 08:59: 2.1%
9AM 09:00 to 09:59: 12.5%
10AM 10:00 to 10:59: 2.1%
11AM 11:00 to 11:59: 10.4%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 10.4%
1PM 13:00 to 13:59: 6.3%
2PM 14:00 to 14:59: 10.4%
3PM 15:00 to 15:59: 4.2%
4PM 16:00 to 16:59: 4.2%
5PM 17:00 to 17:59: 6.3%
6PM 18:00 to 18:59: 4.2%
7PM 19:00 to 19:59: 0%
8PM 20:00 to 20:59: 8.3%
9PM 21:00 to 21:59: 0%
10PM 22:00 to 22:59: 4.2%
11PM 23:00 to 23:59: 4.2%

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 Midland Ranks in Ontario for Mortgage Business

The following table lists how Midland 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
80SMITHS FALLS, ON 0.085%
81EAST YORK, ON 0.085%
82STOUFFVILLE, ON 0.085%
83WATERDOWN, ON 0.085%
84FERGUS, ON 0.083%
85MIDLAND, ON 0.083%
86NAPANEE, ON 0.081%
87ACTON, ON 0.081%
88HUNTSVILLE, ON 0.081%
89WASAGA BEACH, ON 0.078%
90CALEDONIA, ON 0.078%

Types of Mortgage Inquiries Received from Midland


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 31.3%
Refinance / Debt Consolidation: 27.1%
New Home Purchase: 12.5%
First-time Home Buyer: 12.5%
No Money Down Mortgage (discontinued): 10.4%
Mortgage Renewal: 4.2%
Other: 2.1%
 
Total Application Types Found: 7

Age Demographics for Midland Mortgages

Average age: 39
Oldest age: 72
Youngest age: 22


Incomes for Midland Mortgages

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

Average annual gross income for
mortgage applicants in Midland: $49,698.00
applicants within all of Canada: $60,852.54
Difference: ($11,154.54)
  
mortgage co-applicants in Midland: $33,288.57
co-applicants within all of Canada: $43,965.51
Difference: ($10,676.94)

Note: Commercial Mortgages were not included for this survey, only residential mortgage loans from Midland, Ontario were used.


Last mortgage report update for Midland: 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 St Catharines.

Mortgage Product Type Inquiries
Mortgage Pre-approval21.94%
First-time Home Buyer19.35%
No Money Down discontinued16.45%
Mortgage Renewal12.58%
New Purchase10.97%
Refinance/Consolidate Debt10.00%
Other8.71%