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Niagara On the Lake Mortgage Information

Average Mortgage Loan in Niagara On the Lake: $281,462

Busy Days for Applications within Niagara On the Lake

The data below illustrates the busy days for Internet applications that were received by Super Brokers' web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In Niagara On the Lake, the day with the most volume, generating 30.77% of all submissions, is Wednesday. In comparison, Saturday's are the slowest day with only 3.85% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Wednesday: 30.8%
2 Monday: 23.1%
3 Tuesday: 15.4%
4 Thursday: 11.5%
5 Friday: 7.7%
6 Sunday: 7.7%
7 Saturday: 3.9%
Busy Days Report for Niagara On the Lake Mortgages

Peak Hours for Applicants within Niagara On the Lake

In Niagara On the Lake, inquiries 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.


Peak Hours Graph for Mortgages in Niagara On the Lake
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: 0%
5AM 05:00 to 05:59: 0%
6AM 06:00 to 06:59: 7.7%
7AM 07:00 to 07:59: 11.5%
8AM 08:00 to 08:59: 11.5%
9AM 09:00 to 09:59: 11.5%
10AM 10:00 to 10:59: 11.5%
11AM 11:00 to 11:59: 3.8%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 7.7%
1PM 13:00 to 13:59: 7.7%
2PM 14:00 to 14:59: 0%
3PM 15:00 to 15:59: 7.7%
4PM 16:00 to 16:59: 3.8%
5PM 17:00 to 17:59: 3.8%
6PM 18:00 to 18:59: 0%
7PM 19:00 to 19:59: 3.8%
8PM 20:00 to 20:59: 3.8%
9PM 21:00 to 21:59: 3.8%
10PM 22:00 to 22:59: 0%
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 Niagara On the Lake Ranks in Ontario for Mortgage Business

The following table lists how Niagara On the Lake 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
140ESPANOLA, ON 0.047%
141PORT DOVER, ON 0.047%
142ROCKLAND, ON 0.045%
143BLENHEIM, ON 0.045%
144PORT ELGIN, ON 0.045%
145NIAGARA ON THE LAKE, ON 0.045%
146ARNPRIOR, ON 0.045%
147BORDEN, ON 0.045%
148PEFFERLAW, ON 0.043%
149ST MARYS, ON 0.043%
150ELMIRA, ON 0.041%

Types of Mortgage Inquiries Received from Niagara On the Lake


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 30.8%
No Money Down Mortgage (discontinued): 23.1%
Refinance / Debt Consolidation: 19.2%
Mortgage Renewal: 11.5%
Other: 15.2%
 
Total Application Types Found: 8

Age Demographics for Niagara On the Lake Based Mortgages

Average age: 47
Oldest age: 65
Youngest age: 27


Incomes for Niagara On the Lake Based Mortgages

The numbers below represent the average income of applicants living in Niagara On the Lake who have submitted an inquiry using the pre-approval application on Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Niagara On the Lake: $71,721.67
applicants within all of Canada: $60,852.54
Difference: $10,869.12
  
mortgage co-applicants in Niagara On the Lake: $40,818.18
co-applicants within all of Canada: $43,965.51
Difference: ($3,147.33)

Note: Commercial Mortgage loans were not included for this report, only residential loans amounts from Niagara On the Lake, Ontario were used.


Last mortgage report update for Niagara On the Lake: Friday, July 1, 2016
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