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

Sault Ste Marie Mortgage Information

Average Mortgage Loan in Sault Ste Marie: $128,090

Busy Months for Mortgage Applications within Sault Ste Marie

The graph below illustrates the volumes of Web applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Sault Ste Marie mostly occur during our third quarter (represented by the blue bars) with 30.24% while our slowest is the fourth quarter (represented by the red bars) with 14.92%.

Busy Months Report for Sault Ste Marie Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 July: 13.7%
2 February: 11.7%
3 April: 10.5%
4 September: 10.1%
5 March: 8.9%
6 May: 8.5%
RankMonth Percentage of Applications
7 June: 8.5%
8 November: 6.8%
9 January: 6.8%
10 August: 6.5%
11 October: 5.7%
12 December: 2.4%

Busy Days for Applications within Sault Ste Marie

The graph listed below compares the busy days for Internet applications that were received by our web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In Sault Ste Marie, the day with the most volume, having more than 20.16% of all applications, is Monday. In comparison, Sunday's are the slowest day with only 10.48% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 20.2%
2 Thursday: 17.3%
3 Tuesday: 16.5%
4 Friday: 12.1%
5 Wednesday: 12.1%
6 Saturday: 11.3%
7 Sunday: 10.5%
Busy Days Report for Sault Ste Marie Mortgages

Peak Hours for Based Mortgages within Sault Ste Marie

Mortgage applications are received 24 hours a day via our web site. The time periods below represents the busy hours in the day. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Sault Ste Marie
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 1.6%
1AM 01:00 to 01:59: 0.8%
2AM 02:00 to 02:59: 0.8%
3AM 03:00 to 03:59: 0%
4AM 04:00 to 04:59: 0.4%
5AM 05:00 to 05:59: 1.2%
6AM 06:00 to 06:59: 3.2%
7AM 07:00 to 07:59: 3.6%
8AM 08:00 to 08:59: 6.5%
9AM 09:00 to 09:59: 5.6%
10AM 10:00 to 10:59: 6.5%
11AM 11:00 to 11:59: 6.9%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 6.9%
1PM 13:00 to 13:59: 6.9%
2PM 14:00 to 14:59: 7.7%
3PM 15:00 to 15:59: 6.5%
4PM 16:00 to 16:59: 7.7%
5PM 17:00 to 17:59: 4.0%
6PM 18:00 to 18:59: 6.0%
7PM 19:00 to 19:59: 4.4%
8PM 20:00 to 20:59: 4.4%
9PM 21:00 to 21:59: 4.4%
10PM 22:00 to 22:59: 4.0%
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 Sault Ste Marie Ranks in Ontario for Mortgage Business

The following table lists how Sault Ste Marie 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
18ETOBICOKE, ON 0.515%
19RICHMOND HILL, ON 0.512%
20BRANTFORD, ON 0.494%
21KINGSTON, ON 0.482%
22MARKHAM, ON 0.439%
23SAULT STE MARIE, ON 0.429%
24SUDBURY, ON 0.401%
25PETERBOROUGH, ON 0.401%
26AJAX, ON 0.399%
27WATERLOO, ON 0.398%
28THUNDER BAY, ON 0.379%

Types of Mortgage Inquiries Received from Sault Ste Marie


Type of Mortgage Application Form Selected  Percentage
of Inquiries
First-time Home Buyer: 23.4%
Mortgage Pre-approval: 19.8%
New Home Purchase: 18.5%
No Money Down Mortgage (discontinued): 15.7%
Refinance / Debt Consolidation: 10.5%
Mortgage Renewal: 5.2%
Other: 6.8%
 
Total Application Types Found: 15

Age Demographics for Sault Ste Marie Mortgage Applicants

Average age: 36
Oldest age: 67
Youngest age: 19


Incomes for Sault Ste Marie Mortgage Applicants

The figures below represent the average income of Canadians living in Sault Ste Marie who have applied for a mortgage loan using the Super Brokers' mortgage application.

Average annual gross income for
mortgage applicants in Sault Ste Marie: $49,296.75
applicants within all of Canada: $60,852.54
Difference: ($11,555.79)
  
mortgage co-applicants in Sault Ste Marie: $41,636.56
co-applicants within all of Canada: $43,965.51
Difference: ($2,328.95)

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


Last mortgage report update for Sault Ste Marie: Friday, July 1, 2016
Mortgage Quote
 
Did you know? The average home loan in Bracebridge is: Discover many more facts and statistics exclusively here at Mortgage Super Brokers.
Ontario
 
Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Bradford.

Mortgage Product Type Inquiries
Mortgage Pre-approval20.29%
Refinance/Consolidate Debt18.84%
First-time Home Buyer17.39%
Mortgage Renewal13.04%
New Purchase13.04%
No Money Down discontinued10.14%
Other7.25%