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North York Mortgage Information

Average Mortgage Loan in North York: $285,002

Busy Months for Mortgage Applications within North York

This graph represents the volumes of online applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from North York seem to occur during our second quarter (represented by the green bars) with 32.78% while our slowest is the fourth quarter (represented by the red bars) with 20.53%.

Busy Months Report for North York Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 June: 13.9%
2 May: 10.6%
3 March: 9.6%
4 January: 9.3%
5 November: 8.6%
6 April: 8.3%
RankMonth Percentage of Applications
7 July: 8.0%
8 September: 7.6%
9 October: 6.6%
10 August: 6.3%
11 February: 6.0%
12 December: 5.3%

Busy Days for Applications within North York

The information 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 North York the most busy day of the week, with 19.21% of all applications, is Monday. In comparison, Saturday's are the slowest day with only 7.62% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 19.2%
2 Tuesday: 17.2%
3 Thursday: 16.6%
4 Wednesday: 15.6%
5 Friday: 12.9%
6 Sunday: 10.9%
7 Saturday: 7.6%
Busy Days Report for North York Mortgages

Peak Hours for Mortgage Applicants within North York

In North York, inquiries are received 24 hours a day from the Super Brokers web site. The statistics shown below indicates the rush hours in the day. The data is taken from all days of all years. Only 35.1% of all mortgages are received before noon, while 63.2% arrive in the afternoon.


Peak Hours Graph for Mortgages in North York
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 0.3%
1AM 01:00 to 01:59: 1.0%
2AM 02:00 to 02:59: 0.3%
3AM 03:00 to 03:59: 0.7%
4AM 04:00 to 04:59: 1.0%
5AM 05:00 to 05:59: 0.7%
6AM 06:00 to 06:59: 1.7%
7AM 07:00 to 07:59: 3.3%
8AM 08:00 to 08:59: 6.6%
9AM 09:00 to 09:59: 6.3%
10AM 10:00 to 10:59: 4.6%
11AM 11:00 to 11:59: 10.3%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 9.3%
1PM 13:00 to 13:59: 6.3%
2PM 14:00 to 14:59: 4.3%
3PM 15:00 to 15:59: 5.6%
4PM 16:00 to 16:59: 6.0%
5PM 17:00 to 17:59: 4.6%
6PM 18:00 to 18:59: 6.3%
7PM 19:00 to 19:59: 6.3%
8PM 20:00 to 20:59: 4.6%
9PM 21:00 to 21:59: 3.6%
10PM 22:00 to 22:59: 5.0%
11PM 23:00 to 23:59: 1.3%

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 North York Ranks in Ontario for Mortgage Business

The following table lists how North York 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
12GUELPH, ON 0.685%
13OAKVILLE, ON 0.647%
14CAMBRIDGE, ON 0.624%
15OSHAWA, ON 0.614%
16ST CATHARINES, ON 0.536%
17NORTH YORK, ON 0.522%
18ETOBICOKE, ON 0.515%
19RICHMOND HILL, ON 0.512%
20BRANTFORD, ON 0.494%
21KINGSTON, ON 0.482%
22MARKHAM, ON 0.439%

Types of Mortgage Inquiries Received from North York


Type of Mortgage Application Form Selected  Percentage
of Inquiries
New Home Purchase: 26.2%
First-time Home Buyer: 24.5%
Mortgage Pre-approval: 20.9%
No Money Down Mortgage (discontinued): 9.3%
Mortgage Renewal: 7.3%
Refinance / Debt Consolidation: 4.6%
Other: 7.3%
 
Total Application Types Found: 15

Age Demographics for North York Mortgages

Average age: 38
Oldest age: 84
Youngest age: 19


Incomes for North York Mortgages

The amounts shown below represent the average income of Canadians living in North York who have applied for a mortgage loan using the Super Brokers' mortgage application.

Average annual gross income for
mortgage applicants in North York: $59,955.47
applicants within all of Canada: $60,852.54
Difference: ($897.07)
  
mortgage co-applicants in North York: $50,775.83
co-applicants within all of Canada: $43,965.51
Difference: $6,810.31

Note: Commercial Mortgage loans were not included for this report, only residential loans were used.


Last mortgage report update for North York: 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 Ajax.

Mortgage Product Type Inquiries
Mortgage Pre-approval21.65%
Refinance/Consolidate Debt19.48%
First-time Home Buyer17.75%
Mortgage Renewal12.55%
No Money Down discontinued9.52%
New Purchase9.52%
Other9.52%