Canadian Maple Leaf Licensing Info: Alberta Mortgage #MW-0511205,
FSCO (Ontario) #10315,
Saskatchewan Mortgage #315872, and all other provinces.
Division of

The Mortgage Group®

Canada | BC | AB | SK | MB | ON | QC | NL | PE | NS | NB | YT | NU | NT

Rockwood Mortgage Information

Average Mortgage Loan in Rockwood: $204,655

Peak Hours for Mortgages within Rockwood

In Rockwood, mortgages are received 24 hours a day on the Mortgage Super Brokers web site. The time periods below represents the rush hours over a 24-hour period. The data is taken from all days of all years.

Peak Hours Graph for Mortgages in Rockwood
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: 5.0%
6AM 06:00 to 06:59: 0%
7AM 07:00 to 07:59: 0%
8AM 08:00 to 08:59: 5.0%
9AM 09:00 to 09:59: 5.0%
10AM 10:00 to 10:59: 5.0%
11AM 11:00 to 11:59: 15.0%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 10.0%
1PM 13:00 to 13:59: 5.0%
2PM 14:00 to 14:59: 10.0%
3PM 15:00 to 15:59: 10.0%
4PM 16:00 to 16:59: 0%
5PM 17:00 to 17:59: 0%
6PM 18:00 to 18:59: 0%
7PM 19:00 to 19:59: 15.0%
8PM 20:00 to 20:59: 5.0%
9PM 21:00 to 21:59: 5.0%
10PM 22:00 to 22:59: 5.0%
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 Rockwood Ranks in Ontario for Mortgage Business

The following table lists how Rockwood 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
167COLDWATER, ON 0.035%
168SMITHVILLE, ON 0.035%
169ELMVALE, ON 0.035%
170MOUNT ALBERT, ON 0.035%
171HAVELOCK, ON 0.035%
172ROCKWOOD, ON 0.035%
173OMEMEE, ON 0.035%
174NEW HAMBURG, ON 0.033%
175MOUNT FOREST, ON 0.033%
176PETROLIA, ON 0.033%
177LAKEFIELD, ON 0.033%

Types of Mortgage Inquiries Received from Rockwood

Type of Mortgage Application Form Selected  Percentage
of Inquiries
First-time Home Buyer: 25.0%
New Home Purchase: 20.0%
No Money Down Mortgage (discontinued): 15.0%
Refinance / Debt Consolidation: 10.0%
Mortgage Pre-approval: 10.0%
Commercial: 10.0%
Mortgage Renewal: 5.0%
Variable Rate: 5.0%
Total Application Types Found: 8

Age Demographics for Rockwood Mortgages

Average age: 40
Oldest age: 59
Youngest age: 25

Incomes for Rockwood Mortgages

The figures below represent the average income of applicants living in Rockwood who have applied for a mortgage loan using Mortgage Super Brokers' pre-approval application.

Average annual gross income for
mortgage applicants in Rockwood: $81,525.88
applicants within all of Canada: $60,852.54
Difference: $20,673.34
mortgage co-applicants in Rockwood: $49,036.00
co-applicants within all of Canada: $43,965.51
Difference: $5,070.49

Since the average income of Rockwood is substantially higher than the national average, we have included the MEDIAN annual gross income for this location. A reason for such a high average is usually due to a high income that is just under our cut-off of acceptable incomes of <$500,000. In rare cases, some applicants may have entered an extra digit (ie. 400000 instead of 40000), which will also sway the averages in smaller areas. In such a case, we will correct the data accordingly.

Median annual gross income for
mortgage applicants in Rockwood: $56,000.00
applicants within all of Canada: $60,852.54
Difference: ($4,852.54)

Note: Commercial loans were not included for this survey, only residential loans amounts were used.

Last mortgage report update for Rockwood: 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 Sault Ste Marie.

Mortgage Product Type Inquiries
First-time Home Buyer23.39%
Mortgage Pre-approval19.76%
New Purchase18.55%
No Money Down discontinued15.73%
Refinance/Consolidate Debt10.48%
Mortgage Renewal5.24%
Did you know? The average home loan in Bradford is: Discover many more facts and statistics exclusively here at Mortgage Super Brokers.