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Thunder Bay Mortgage Information

Average Mortgage Loan in Thunder Bay: $113,523

Busy Months for Mortgages Originating within Thunder Bay

The following bar graph shows the volumes of applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Thunder Bay seem to occur during our first quarter (represented by the brown bars) with 30.59% while our slowest is the third quarter (represented by the blue bars) with 20.09%.

Busy Months Report for Thunder Bay Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 January: 11.4%
2 April: 11.0%
3 March: 11.0%
4 November: 10.1%
5 October: 8.7%
6 February: 8.2%
RankMonth Percentage of Applications
7 August: 8.2%
8 June: 8.2%
9 May: 7.8%
10 July: 6.8%
11 September: 5.0%
12 December: 3.6%

Busy Days for Mortgage Inquiries within Thunder Bay

The data below shows the busy days for online inquiries that were received by Super Brokers. A combined total of all occurrences of each day are represented for the past 5 years. In Thunder Bay the most busy day of the week, with 19.18% of all submissions, is Tuesday. In comparison, Sunday's are the slowest day with only 10.05% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Tuesday: 19.2%
2 Monday: 18.7%
3 Wednesday: 16.0%
4 Thursday: 12.8%
5 Saturday: 12.3%
6 Friday: 11.0%
7 Sunday: 10.1%
Busy Days Report for Thunder Bay Mortgages

Peak Hours for Applicants within Thunder Bay

Mortgage inquiries are received 24 hours a day on our web site. The following indicates the rush hours in the day. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Thunder Bay
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 0.5%
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: 0.9%
5AM 05:00 to 05:59: 1.8%
6AM 06:00 to 06:59: 1.8%
7AM 07:00 to 07:59: 3.7%
8AM 08:00 to 08:59: 4.6%
9AM 09:00 to 09:59: 7.8%
10AM 10:00 to 10:59: 9.1%
11AM 11:00 to 11:59: 5.0%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 9.6%
1PM 13:00 to 13:59: 6.4%
2PM 14:00 to 14:59: 7.3%
3PM 15:00 to 15:59: 5.0%
4PM 16:00 to 16:59: 5.9%
5PM 17:00 to 17:59: 5.9%
6PM 18:00 to 18:59: 6.8%
7PM 19:00 to 19:59: 7.3%
8PM 20:00 to 20:59: 3.7%
9PM 21:00 to 21:59: 5.0%
10PM 22:00 to 22:59: 0.9%
11PM 23:00 to 23:59: 0.9%

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 Thunder Bay Ranks in Ontario for Mortgage Business

The following table lists how Thunder Bay 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
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%
29WHITBY, ON 0.375%
30NIAGARA FALLS, ON 0.323%
31PICKERING, ON 0.313%
32NEWMARKET, ON 0.309%
33NEPEAN, ON 0.308%

Types of Mortgage Inquiries Received from Thunder Bay


Type of Mortgage Application Form Selected  Percentage
of Inquiries
First-time Home Buyer: 19.6%
Refinance / Debt Consolidation: 19.2%
Mortgage Pre-approval: 17.8%
New Home Purchase: 11.9%
Mortgage Renewal: 11.4%
No Money Down Mortgage (discontinued): 11.0%
Other: 9.3%
 
Total Application Types Found: 14

Age Demographics for Thunder Bay Mortgage Applicants

Average age: 37
Oldest age: 64
Youngest age: 19


Incomes for Thunder Bay Mortgage Applicants

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

Average annual gross income for
mortgage applicants in Thunder Bay: $54,119.93
applicants within all of Canada: $60,852.54
Difference: ($6,732.61)
  
mortgage co-applicants in Thunder Bay: $39,076.52
co-applicants within all of Canada: $43,965.51
Difference: ($4,889.00)

Note: Commercial loans were not included for this report, only residential mortgages from Thunder Bay, Ontario were used.


Last mortgage report update for Thunder Bay: 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 Brockville.

Mortgage Product Type Inquiries
No Money Down discontinued25.53%
First-time Home Buyer24.47%
Mortgage Pre-approval15.96%
New Purchase12.77%
Refinance/Consolidate Debt11.70%
Mortgage Renewal5.32%
Other4.25%
 
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