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Owen Sound Mortgage Information

Average Mortgage Loan in Owen Sound: $137,919

Busy Months for Mortgage Inquiries within Owen Sound

The bar graph below represents the volumes of Web applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Owen Sound seem to occur during our first quarter (represented by the brown bars) with 33.80% while our slowest is the fourth quarter (represented by the red bars) with 18.31%.

Busy Months Report for Owen Sound Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 July: 12.7%
2 January: 11.3%
3 April: 11.3%
4 February: 11.3%
5 March: 11.3%
6 June: 9.9%
RankMonth Percentage of Applications
7 August: 8.4%
8 December: 7.0%
9 November: 5.6%
10 October: 5.6%
11 May: 2.8%
12 September: 2.8%

Busy Days for Mortgages Originating within Owen Sound

The bar graph listed below compares the busy days for mortgage inquiries 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 Owen Sound, the day with the most volume, having more than 22.54% of all inquiries, is Monday. In comparison, Sunday's are the slowest day with only 9.86% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 22.5%
2 Thursday: 16.9%
3 Tuesday: 14.1%
4 Saturday: 14.1%
5 Wednesday: 12.7%
6 Friday: 9.9%
7 Sunday: 9.9%
Busy Days Report for Owen Sound Mortgages

Peak Hours for Mortgage Applicants within Owen Sound

Mortgage applications are received 24 hours a day on the Super Brokers web site. The report shown below represents the rush hours within a 24-hour period. The data is taken from all days of all years. Only 45.1% of all mortgages are received during the morning, while 54.9% arrive in the afternoon.


Peak Hours Graph for Mortgages in Owen Sound
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: 1.4%
5AM 05:00 to 05:59: 0%
6AM 06:00 to 06:59: 7.0%
7AM 07:00 to 07:59: 9.9%
8AM 08:00 to 08:59: 9.9%
9AM 09:00 to 09:59: 2.8%
10AM 10:00 to 10:59: 5.6%
11AM 11:00 to 11:59: 8.5%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 7.0%
1PM 13:00 to 13:59: 8.5%
2PM 14:00 to 14:59: 2.8%
3PM 15:00 to 15:59: 5.6%
4PM 16:00 to 16:59: 2.8%
5PM 17:00 to 17:59: 8.5%
6PM 18:00 to 18:59: 5.6%
7PM 19:00 to 19:59: 5.6%
8PM 20:00 to 20:59: 4.2%
9PM 21:00 to 21:59: 1.4%
10PM 22:00 to 22:59: 1.4%
11PM 23:00 to 23:59: 1.4%

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 Owen Sound Ranks in Ontario for Mortgage Business

The following table lists how Owen Sound 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
59STRATFORD, ON 0.137%
60DUNDAS, ON 0.137%
61LINDSAY, ON 0.131%
62MAPLE, ON 0.131%
63STRATHROY, ON 0.123%
64OWEN SOUND, ON 0.123%
65BRADFORD, ON 0.119%
66GRIMSBY, ON 0.114%
67FORT ERIE, ON 0.111%
68PETAWAWA, ON 0.109%
69TILLSONBURG, ON 0.107%

Types of Mortgage Inquiries Received from Owen Sound


Type of Mortgage Application Form Selected  Percentage
of Inquiries
First-time Home Buyer: 26.8%
Refinance / Debt Consolidation: 22.5%
Mortgage Pre-approval: 19.7%
New Home Purchase: 12.7%
No Money Down Mortgage (discontinued): 7.0%
Other: 11.2%
 
Total Application Types Found: 10

Age Demographics for Owen Sound Mortgage Applicants

Average age: 36
Oldest age: 68
Youngest age: 22


Incomes for Owen Sound Mortgage Applicants

The figures below represent the average income of people living in Owen Sound who have applied for a home loan using Mortgage Super Brokers' pre-approval application.

Average annual gross income for
mortgage applicants in Owen Sound: $49,220.03
applicants within all of Canada: $60,852.54
Difference: ($11,632.51)
  
mortgage co-applicants in Owen Sound: $34,769.35
co-applicants within all of Canada: $43,965.51
Difference: ($9,196.16)

Note: Commercial loan amounts were not included for this section, only residential loans from Owen Sound, Ontario were used.


Last mortgage report update for Owen Sound: 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 Collingwood.

Mortgage Product Type Inquiries
First-time Home Buyer25.86%
Mortgage Pre-approval22.41%
Refinance/Consolidate Debt18.97%
No Money Down discontinued17.24%
Mortgage Renewal10.34%
Other5.17%
 
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