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Parry Sound Mortgage Information

Average Mortgage Loan in Parry Sound: $163,418

Busy Days for Mortgage Applications within Parry Sound

The information below illustrates the busy days for online applications that were received by Super Brokers' web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Parry Sound the busiest day of the week, with 26.19% of all submissions, is Tuesday. In comparison, Sunday's are the slowest day with only 4.76% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Tuesday: 26.2%
2 Monday: 23.8%
3 Wednesday: 14.3%
4 Thursday: 14.3%
5 Friday: 11.9%
6 Saturday: 4.8%
7 Sunday: 4.8%
Busy Days Report for Parry Sound Mortgages

Peak Hours for Mortgages within Parry Sound

In Parry Sound, applications are received 24 hours a day via the Super Brokers' web site. The time periods below indicates the rush hours in the day. The data is taken from all days of all years. Only 38.1% of all mortgages are received during the morning, while 61.9% arrive in the afternoon.


Peak Hours Graph for Mortgages in Parry 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: 2.4%
5AM 05:00 to 05:59: 4.8%
6AM 06:00 to 06:59: 2.4%
7AM 07:00 to 07:59: 0%
8AM 08:00 to 08:59: 4.8%
9AM 09:00 to 09:59: 9.5%
10AM 10:00 to 10:59: 7.1%
11AM 11:00 to 11:59: 7.1%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 2.4%
1PM 13:00 to 13:59: 7.1%
2PM 14:00 to 14:59: 11.9%
3PM 15:00 to 15:59: 4.8%
4PM 16:00 to 16:59: 7.1%
5PM 17:00 to 17:59: 14.3%
6PM 18:00 to 18:59: 0%
7PM 19:00 to 19:59: 4.8%
8PM 20:00 to 20:59: 4.8%
9PM 21:00 to 21:59: 4.8%
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 Parry Sound Ranks in Ontario for Mortgage Business

The following table lists how Parry 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
90CALEDONIA, ON 0.078%
91PORT COLBORNE, ON 0.076%
92LEAMINGTON, ON 0.076%
93INGERSOLL, ON 0.074%
94BRACEBRIDGE, ON 0.073%
95PARRY SOUND, ON 0.073%
96HANOVER, ON 0.071%
97PARIS, ON 0.071%
98DELHI, ON 0.067%
99PERTH, ON 0.067%
100TECUMSEH, ON 0.067%

Types of Mortgage Inquiries Received from Parry Sound


Type of Mortgage Application Form Selected  Percentage
of Inquiries
First-time Home Buyer: 31.0%
New Home Purchase: 19.0%
Mortgage Pre-approval: 16.7%
Refinance / Debt Consolidation: 11.9%
No Money Down Mortgage (discontinued): 4.8%
Commercial: 4.8%
Second Mortgage: 4.8%
Mortgage Renewal: 4.8%
Other: 2.4%
 
Total Application Types Found: 9

Age Demographics for Parry Sound Mortgage Applicants

Average age: 40
Oldest age: 76
Youngest age: 21


Incomes for Parry Sound Mortgage Applicants

The numbers below represent the average income of applicants living in Parry Sound who have applied for a mortgage loan using the pre-approval application on the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Parry Sound: $36,907.68
applicants within all of Canada: $60,852.54
Difference: ($23,944.87)
  
mortgage co-applicants in Parry Sound: $37,997.11
co-applicants within all of Canada: $43,965.51
Difference: ($5,968.40)

Note: Commercial loan amounts were not included for this report, only home loans from Parry Sound, Ontario were used.


Last mortgage report update for Parry 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 Kitchener.

Mortgage Product Type Inquiries
First-time Home Buyer22.35%
Mortgage Pre-approval20.17%
New Purchase14.29%
Refinance/Consolidate Debt13.28%
No Money Down discontinued11.43%
Mortgage Renewal10.42%
Other8.09%
 
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