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ToolsScarborough Mortgage Information
Average Mortgage Loan in Scarborough: $239,080Busy Months for Mortgage Inquiries within Scarborough
The 6-year bar graph below represents the volumes of online applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Scarborough occur during our first quarter (represented by the brown bars) with 27.94% while our slowest is the fourth quarter (represented by the red bars) with 21.05%.
Rankings for Busy Mortgage Months
| Rank | Month | Percentage of Applications | |
|---|---|---|---|
| 1 | March: | 11.1% | |
| 2 | January: | 10.3% | |
| 3 | April: | 9.7% | |
| 4 | July: | 9.7% | |
| 5 | September: | 9.1% | |
| 6 | November: | 7.9% |
| Rank | Month | Percentage of Applications | |
|---|---|---|---|
| 7 | October: | 7.9% | |
| 8 | June: | 7.7% | |
| 9 | August: | 7.5% | |
| 10 | May: | 7.3% | |
| 11 | February: | 6.5% | |
| 12 | December: | 5.3% |
Busy Days for Applications within Scarborough
The information listed below plots the busy days for online mortgage applications that were received by our web site. A combined total of all occurrences of each day are represented for the past 5 years. In Scarborough the most busy day of the week, with 20.04% of all inquiries, is Monday. In comparison, Saturday's are the slowest day with only 10.93% of all inquiries.
| Rank | Day of the Week | Percentage of Applications |
|---|---|---|
| 1 | Monday: | 20.0% |
| 2 | Tuesday: | 17.2% |
| 3 | Wednesday: | 15.0% |
| 4 | Thursday: | 13.8% |
| 5 | Friday: | 11.7% |
| 6 | Sunday: | 11.3% |
| 7 | Saturday: | 10.9% |
Peak Hours for Mortgage Applicants within Scarborough
In Scarborough, applications are received 24 hours a day via our web site. The statistics shown below represents the peak hours in the day. The data is taken from all days of all years. Only 37.2% of all mortgages are received during the morning, while 61.7% arrive in the afternoon.
| Time | Period (24 Hour) | Percentage of Applications |
|---|---|---|
| 12AM | 00:00 to 00:59: | 0.6% |
| 1AM | 01:00 to 01:59: | 0.4% |
| 2AM | 02:00 to 02:59: | 0% |
| 3AM | 03:00 to 03:59: | 0.4% |
| 4AM | 04:00 to 04:59: | 1.0% |
| 5AM | 05:00 to 05:59: | 1.0% |
| 6AM | 06:00 to 06:59: | 2.2% |
| 7AM | 07:00 to 07:59: | 4.0% |
| 8AM | 08:00 to 08:59: | 5.1% |
| 9AM | 09:00 to 09:59: | 8.3% |
| 10AM | 10:00 to 10:59: | 8.9% |
| 11AM | 11:00 to 11:59: | 6.3% |
| Time | Period (24 Hour) | Percentage of Applications |
|---|---|---|
| Lunch | 12:00 to 12:59: | 7.7% |
| 1PM | 13:00 to 13:59: | 8.9% |
| 2PM | 14:00 to 14:59: | 4.7% |
| 3PM | 15:00 to 15:59: | 6.3% |
| 4PM | 16:00 to 16:59: | 3.2% |
| 5PM | 17:00 to 17:59: | 5.5% |
| 6PM | 18:00 to 18:59: | 4.5% |
| 7PM | 19:00 to 19:59: | 6.5% |
| 8PM | 20:00 to 20:59: | 8.5% |
| 9PM | 21:00 to 21:59: | 2.2% |
| 10PM | 22:00 to 22:59: | 3.0% |
| 11PM | 23:00 to 23:59: | 0.8% |
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 Scarborough Ranks in Ontario for Mortgage Business
The following table lists how Scarborough 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.
| Rank | Location | Contribution |
|---|---|---|
| 3 | OTTAWA, ON | 2.125% |
| 4 | LONDON, ON | 1.487% |
| 5 | BRAMPTON, ON | 1.476% |
| 6 | HAMILTON, ON | 1.454% |
| 7 | KITCHENER, ON | 1.029% |
| 8 | SCARBOROUGH, ON | 0.854% |
| 9 | WINDSOR, ON | 0.783% |
| 10 | BARRIE, ON | 0.768% |
| 11 | BURLINGTON, ON | 0.752% |
| 12 | GUELPH, ON | 0.685% |
| 13 | OAKVILLE, ON | 0.647% |
Types of Mortgage Inquiries Received from Scarborough
| Type of Mortgage Application Form Selected | Percentage of Inquiries | |
|---|---|---|
| First-time Home Buyer: | 23.5% | |
| Mortgage Pre-approval: | 20.2% | |
| New Home Purchase: | 16.0% | |
| No Money Down Mortgage (discontinued): | 12.8% | |
| Mortgage Renewal: | 9.3% | |
| Refinance / Debt Consolidation: | 8.9% | |
| Other: | 9.2% | |
| Total Application Types Found: 14 | ||
Age Demographics for Scarborough Mortgage Applicants
Average age: 38
Oldest age: 70
Youngest age: 20
Incomes for Scarborough Mortgage Applicants
The figures below represent the average income of Canadians living in Scarborough who have submitted a mortgage inquiry using the Super Brokers' mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Scarborough: | $55,811.22 |
| applicants within all of Canada: | $60,852.54 |
| Difference: | ($5,041.32) |
| mortgage co-applicants in Scarborough: | $41,494.29 |
| co-applicants within all of Canada: | $43,965.51 |
| Difference: | ($2,471.22) |
Nearest Settlements
- Don Mills
- Downsview
- East York
- Kleinburg
- North York
- Thornhill
- Toronto
- Unionville
- Woodbridge
- York
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Municipal mortgage stats:
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Tel: Fax: info@superbrokers.ca |