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Strathroy Mortgage Information

Average Mortgage Loan in Strathroy: $126,226

Busy Months for Online Applications within Strathroy

The bar graph below displays the volumes of Internet applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Strathroy occur during our second quarter (represented by the green bars) with 28.17% while our slowest is the fourth quarter (represented by the red bars) with 19.72%.

Busy Months Report for Strathroy Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 March: 15.5%
2 November: 12.7%
3 April: 11.3%
4 January: 9.9%
5 May: 9.9%
6 August: 9.9%
RankMonth Percentage of Applications
7 September: 9.9%
8 June: 7.0%
9 July: 5.6%
10 December: 4.2%
11 October: 2.8%
12 February: 1.4%

Busy Days for Mortgages within Strathroy

The bar graph listed below illustrates the busy days for Internet mortgage applications that were received by the Super Brokers web site. Each day is a representation of the combined 6-year total of all instances of that day. In Strathroy the busiest day, with approximately 28.17% of all inquiries, is Wednesday. In comparison, Monday's are the slowest day with only 8.45% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Wednesday: 28.2%
2 Tuesday: 16.9%
3 Thursday: 14.1%
4 Friday: 11.3%
5 Saturday: 11.3%
6 Sunday: 9.9%
7 Monday: 8.4%
Busy Days Report for Strathroy Mortgages

Peak Hours for Mortgages within Strathroy

In Strathroy, mortgages are received 24 hours a day via the Super Brokers web site. The information shown below represents the peak hours over a 24-hour period. The data is taken from all days of all years. Only 36.6% of all mortgages are received before noon, while 59.2% arrive in the afternoon.


Peak Hours Graph for Mortgages in Strathroy
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 0%
1AM 01:00 to 01:59: 1.4%
2AM 02:00 to 02:59: 2.8%
3AM 03:00 to 03:59: 1.4%
4AM 04:00 to 04:59: 1.4%
5AM 05:00 to 05:59: 4.2%
6AM 06:00 to 06:59: 0%
7AM 07:00 to 07:59: 4.2%
8AM 08:00 to 08:59: 4.2%
9AM 09:00 to 09:59: 4.2%
10AM 10:00 to 10:59: 7.0%
11AM 11:00 to 11:59: 9.9%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 5.6%
1PM 13:00 to 13:59: 5.6%
2PM 14:00 to 14:59: 7.0%
3PM 15:00 to 15:59: 4.2%
4PM 16:00 to 16:59: 5.6%
5PM 17:00 to 17:59: 7.0%
6PM 18:00 to 18:59: 7.0%
7PM 19:00 to 19:59: 4.2%
8PM 20:00 to 20:59: 4.2%
9PM 21:00 to 21:59: 5.6%
10PM 22:00 to 22:59: 1.4%
11PM 23:00 to 23:59: 1.4%

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 Strathroy Ranks in Ontario for Mortgage Business

The following table lists how Strathroy 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
58COBOURG, ON 0.137%
59STRATFORD, ON 0.137%
60DUNDAS, ON 0.137%
61LINDSAY, ON 0.131%
62MAPLE, ON 0.131%
63STRATHROY, ON 0.123%
64OWEN SOUND, ON 0.123%
65BRADFORD, ON 0.119%
66GRIMSBY, ON 0.114%
67FORT ERIE, ON 0.111%
68PETAWAWA, ON 0.109%

Types of Mortgage Inquiries Received from Strathroy


Type of Mortgage Application Form Selected  Percentage
of Inquiries
No Money Down Mortgage (discontinued): 23.9%
Mortgage Pre-approval: 21.1%
New Home Purchase: 18.3%
First-time Home Buyer: 14.1%
Refinance / Debt Consolidation: 12.7%
Mortgage Renewal: 4.2%
Other: 5.6%
 
Total Application Types Found: 9

Age Demographics for Strathroy Mortgages

Average age: 38
Oldest age: 77
Youngest age: 21


Incomes for Strathroy Mortgages

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

Average annual gross income for
mortgage applicants in Strathroy: $46,773.61
applicants within all of Canada: $60,852.54
Difference: ($14,078.93)
  
mortgage co-applicants in Strathroy: $35,072.80
co-applicants within all of Canada: $43,965.51
Difference: ($8,892.71)

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


Last mortgage report update for Strathroy: Friday, July 1, 2016
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