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Port Colborne Mortgage Information

Average Mortgage Loan in Port Colborne: $140,458

Busy Days for Mortgage Inquiries within Port Colborne

The graph below displays the busy days for mortgage applications that were received by Super Brokers. A combined total of all occurrences of each day are represented for the past 5 years. In Port Colborne, the day with the most volume, generating 18.18% of all applications, is Thursday. In comparison, Sunday's are the slowest day with only 11.36% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Thursday: 18.2%
2 Monday: 15.9%
3 Tuesday: 15.9%
4 Friday: 13.6%
5 Saturday: 13.6%
6 Wednesday: 11.4%
7 Sunday: 11.4%
Busy Days Report for Port Colborne Mortgages

Peak Hours for Mortgage Applicants within Port Colborne

Port Colborne mortgage applications are received 24 hours a day on the Super Brokers' web site. The report shown below indicates the peak hours in the day. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Port Colborne
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: 0%
7AM 07:00 to 07:59: 2.3%
8AM 08:00 to 08:59: 2.3%
9AM 09:00 to 09:59: 9.1%
10AM 10:00 to 10:59: 9.1%
11AM 11:00 to 11:59: 11.4%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 13.6%
1PM 13:00 to 13:59: 2.3%
2PM 14:00 to 14:59: 4.5%
3PM 15:00 to 15:59: 2.3%
4PM 16:00 to 16:59: 4.5%
5PM 17:00 to 17:59: 2.3%
6PM 18:00 to 18:59: 6.8%
7PM 19:00 to 19:59: 15.9%
8PM 20:00 to 20:59: 4.5%
9PM 21:00 to 21:59: 6.8%
10PM 22:00 to 22:59: 2.3%
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 Port Colborne Ranks in Ontario for Mortgage Business

The following table lists how Port Colborne 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
86NAPANEE, ON 0.081%
87ACTON, ON 0.081%
88HUNTSVILLE, ON 0.081%
89WASAGA BEACH, ON 0.078%
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%

Types of Mortgage Inquiries Received from Port Colborne


Type of Mortgage Application Form Selected  Percentage
of Inquiries
First-time Home Buyer: 20.5%
Mortgage Pre-approval: 18.2%
New Home Purchase: 18.2%
Refinance / Debt Consolidation: 11.4%
No Money Down Mortgage (discontinued): 9.1%
Mortgage Renewal: 9.1%
Commercial: 6.8%
Other: 6.9%
 
Total Application Types Found: 10

Age Demographics for Port Colborne Mortgage Applicants

Average age: 37
Oldest age: 57
Youngest age: 21


Incomes for Port Colborne Mortgage Applicants

The information below represents the average income of people living in Port Colborne who have submitted an inquiry using Mortgage Super Brokers' pre-approval application.

Average annual gross income for
mortgage applicants in Port Colborne: $55,438.80
applicants within all of Canada: $60,852.54
Difference: ($5,413.74)
  
mortgage co-applicants in Port Colborne: $37,276.92
co-applicants within all of Canada: $43,965.51
Difference: ($6,688.59)

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


Last mortgage report update for Port Colborne: Friday, July 1, 2016
Mortgage Calculator
 
Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Hamilton.

Mortgage Product Type Inquiries
Mortgage Pre-approval20.45%
Refinance/Consolidate Debt17.84%
First-time Home Buyer16.77%
New Purchase13.79%
No Money Down discontinued12.37%
Mortgage Renewal8.32%
Other10.48%
 
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