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Simcoe Mortgage Information

Average Mortgage Loan in Simcoe: $145,765

Busy Months for Mortgages Received within Simcoe

The graph below represents the volumes of applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Simcoe happen to occur during our first quarter (represented by the brown bars) with 32.93% while our slowest is the fourth quarter (represented by the red bars) with 19.51%.

Busy Months Report for Simcoe Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 January: 15.9%
2 May: 12.2%
3 February: 8.5%
4 August: 8.5%
5 March: 8.5%
6 June: 8.5%
RankMonth Percentage of Applications
7 April: 7.3%
8 December: 7.3%
9 October: 7.3%
10 September: 7.3%
11 November: 4.9%
12 July: 3.7%

Busy Days for Online Applications within Simcoe

The bar graph below shows the busy days for online applications that were received by Super Brokers. A combined total of all occurrences of each day are represented for the past 5 years. In Simcoe, the day with the most volume, having more than 19.51% of all submissions, is Wednesday. In comparison, Saturday's are the slowest day with only 6.10% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Wednesday: 19.5%
2 Thursday: 18.3%
3 Monday: 15.9%
4 Tuesday: 14.6%
5 Sunday: 13.4%
6 Friday: 12.2%
7 Saturday: 6.1%
Busy Days Report for Simcoe Mortgages

Peak Hours for Based Mortgages within Simcoe

Simcoe mortgage applications are received 24 hours a day on the Super Brokers' web site. The graph shown below represents the rush hours in the day. The data is taken from all days of all years. Only 34.1% of all mortgages are received before noon, while 64.6% arrive in the afternoon.


Peak Hours Graph for Mortgages in Simcoe
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 1.2%
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: 1.2%
5AM 05:00 to 05:59: 1.2%
6AM 06:00 to 06:59: 1.2%
7AM 07:00 to 07:59: 4.9%
8AM 08:00 to 08:59: 7.3%
9AM 09:00 to 09:59: 7.3%
10AM 10:00 to 10:59: 3.7%
11AM 11:00 to 11:59: 7.3%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 6.1%
1PM 13:00 to 13:59: 9.8%
2PM 14:00 to 14:59: 11.0%
3PM 15:00 to 15:59: 11.0%
4PM 16:00 to 16:59: 6.1%
5PM 17:00 to 17:59: 6.1%
6PM 18:00 to 18:59: 3.7%
7PM 19:00 to 19:59: 3.7%
8PM 20:00 to 20:59: 3.7%
9PM 21:00 to 21:59: 0%
10PM 22:00 to 22:59: 2.4%
11PM 23:00 to 23:59: 1.2%

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 Simcoe Ranks in Ontario for Mortgage Business

The following table lists how Simcoe 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
52BROCKVILLE, ON 0.163%
53KESWICK, ON 0.152%
54BOWMANVILLE, ON 0.149%
55GEORGETOWN, ON 0.149%
56TRENTON, ON 0.147%
57SIMCOE, ON 0.142%
58COBOURG, ON 0.137%
59STRATFORD, ON 0.137%
60DUNDAS, ON 0.137%
61LINDSAY, ON 0.131%
62MAPLE, ON 0.131%

Types of Mortgage Inquiries Received from Simcoe


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 19.5%
First-time Home Buyer: 18.3%
New Home Purchase: 18.3%
No Money Down Mortgage (discontinued): 15.9%
Refinance / Debt Consolidation: 14.6%
Other: 13.4%
 
Total Application Types Found: 11

Age Demographics for Simcoe Based Mortgages

Average age: 38
Oldest age: 75
Youngest age: 21


Incomes for Simcoe Based Mortgages

The numbers below represent the average income of Canadians living in Simcoe who have submitted an inquiry using the pre-approval application on Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Simcoe: $44,927.90
applicants within all of Canada: $60,852.54
Difference: ($15,924.64)
  
mortgage co-applicants in Simcoe: $39,656.57
co-applicants within all of Canada: $43,965.51
Difference: ($4,308.94)

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


Last mortgage report update for Simcoe: 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 Nepean.

Mortgage Product Type Inquiries
New Purchase23.03%
Mortgage Pre-approval20.22%
Mortgage Renewal17.98%
First-time Home Buyer12.36%
Refinance/Consolidate Debt11.80%
No Money Down discontinued9.55%
Other5.05%
 
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