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Niagara Falls Mortgage Information

Average Mortgage Loan in Niagara Falls: $148,927

Busy Months for Mortgage Inquiries within Niagara Falls

The bar graph below represents the volumes of Internet applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Niagara Falls seem to occur during our third quarter (represented by the blue bars) with 27.81% while our slowest is the fourth quarter (represented by the red bars) with 19.79%.

Busy Months Report for Niagara Falls Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 February: 11.8%
2 July: 10.7%
3 August: 10.2%
4 April: 9.6%
5 October: 9.1%
6 May: 8.6%
RankMonth Percentage of Applications
7 January: 7.5%
8 March: 7.5%
9 June: 7.5%
10 September: 7.0%
11 November: 5.3%
12 December: 5.3%

Busy Days for Online Applications within Niagara Falls

The information listed below shows the busy days for online applications that were received by the Super Brokers web site. A combined total of all occurrences of each day are represented for the past 5 years. In Niagara Falls, the day with the most volume, having more than 20.86% of all applications, is Tuesday. In comparison, Sunday's are the slowest day with only 8.56% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Tuesday: 20.9%
2 Monday: 17.6%
3 Wednesday: 17.6%
4 Friday: 12.3%
5 Thursday: 11.8%
6 Saturday: 11.2%
7 Sunday: 8.6%
Busy Days Report for Niagara Falls Mortgages

Peak Hours for Mortgages within Niagara Falls

Mortgage applications are received 24 hours a day on the Super Brokers web site. The following represents the peak hours over a 24-hour period. The data is taken from all days of all years. Only 39.6% of all mortgages are received during the morning, while 58.8% arrive in the afternoon.


Peak Hours Graph for Mortgages in Niagara Falls
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 1.1%
1AM 01:00 to 01:59: 0.5%
2AM 02:00 to 02:59: 0%
3AM 03:00 to 03:59: 0.5%
4AM 04:00 to 04:59: 2.7%
5AM 05:00 to 05:59: 0.5%
6AM 06:00 to 06:59: 3.2%
7AM 07:00 to 07:59: 3.7%
8AM 08:00 to 08:59: 3.2%
9AM 09:00 to 09:59: 9.6%
10AM 10:00 to 10:59: 8.0%
11AM 11:00 to 11:59: 8.0%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 9.6%
1PM 13:00 to 13:59: 4.8%
2PM 14:00 to 14:59: 5.3%
3PM 15:00 to 15:59: 4.8%
4PM 16:00 to 16:59: 2.7%
5PM 17:00 to 17:59: 3.7%
6PM 18:00 to 18:59: 9.6%
7PM 19:00 to 19:59: 4.8%
8PM 20:00 to 20:59: 4.8%
9PM 21:00 to 21:59: 2.7%
10PM 22:00 to 22:59: 2.1%
11PM 23:00 to 23:59: 3.7%

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 Niagara Falls Ranks in Ontario for Mortgage Business

The following table lists how Niagara Falls 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
25PETERBOROUGH, ON 0.401%
26AJAX, ON 0.399%
27WATERLOO, ON 0.398%
28THUNDER BAY, ON 0.379%
29WHITBY, ON 0.375%
30NIAGARA FALLS, ON 0.323%
31PICKERING, ON 0.313%
32NEWMARKET, ON 0.309%
33NEPEAN, ON 0.308%
34CORNWALL, ON 0.280%
35TIMMINS, ON 0.268%

Types of Mortgage Inquiries Received from Niagara Falls


Type of Mortgage Application Form Selected  Percentage
of Inquiries
First-time Home Buyer: 24.6%
Mortgage Pre-approval: 20.9%
Refinance / Debt Consolidation: 15.5%
New Home Purchase: 15.0%
No Money Down Mortgage (discontinued): 9.6%
Mortgage Renewal: 6.4%
Other: 8%
 
Total Application Types Found: 11

Age Demographics for Niagara Falls Mortgage Applicants

Average age: 36
Oldest age: 83
Youngest age: 19


Incomes for Niagara Falls Mortgage Applicants

The amounts below are the average income of applicants living in Niagara Falls who have applied for a loan using Mortgage Super Brokers' online mortgage application.

Average annual gross income for
mortgage applicants in Niagara Falls: $46,631.31
applicants within all of Canada: $60,852.54
Difference: ($14,221.23)
  
mortgage co-applicants in Niagara Falls: $40,145.36
co-applicants within all of Canada: $43,965.51
Difference: ($3,820.15)

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


Last mortgage report update for Niagara Falls: Friday, July 1, 2016
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Ontario
 
Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in North Bay.

Mortgage Product Type Inquiries
First-time Home Buyer25.00%
Mortgage Pre-approval23.53%
New Purchase14.71%
No Money Down discontinued9.56%
Refinance/Consolidate Debt8.82%
Mortgage Renewal8.09%
Commercial Financing6.62%
Other3.69%