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Wallaceburg Mortgage Information

Average Mortgage Loan in Wallaceburg: $83,605

Busy Days for Online Applications within Wallaceburg

The graph listed below plots the busy days for mortgage applications that were received by our web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Wallaceburg the busiest day, with approximately 31.58% of all submissions, is Wednesday. In comparison, Saturday's are the slowest day with only 5.26% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Wednesday: 31.6%
2 Monday: 26.3%
3 Tuesday: 10.5%
4 Friday: 10.5%
5 Sunday: 7.9%
6 Thursday: 7.9%
7 Saturday: 5.3%
Busy Days Report for Wallaceburg Mortgages

Peak Hours for Based Mortgages within Wallaceburg

Mortgage inquiries are received 24 hours a day on our web site. The graph shown below indicates the peak hours over a 24-hour period. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Wallaceburg
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 0%
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%
5AM 05:00 to 05:59: 0%
6AM 06:00 to 06:59: 0%
7AM 07:00 to 07:59: 7.9%
8AM 08:00 to 08:59: 5.3%
9AM 09:00 to 09:59: 13.2%
10AM 10:00 to 10:59: 5.3%
11AM 11:00 to 11:59: 10.5%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 2.6%
1PM 13:00 to 13:59: 2.6%
2PM 14:00 to 14:59: 7.9%
3PM 15:00 to 15:59: 2.6%
4PM 16:00 to 16:59: 2.6%
5PM 17:00 to 17:59: 2.6%
6PM 18:00 to 18:59: 7.9%
7PM 19:00 to 19:59: 10.5%
8PM 20:00 to 20:59: 7.9%
9PM 21:00 to 21:59: 2.6%
10PM 22:00 to 22:59: 2.6%
11PM 23:00 to 23:59: 5.3%

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 Wallaceburg Ranks in Ontario for Mortgage Business

The following table lists how Wallaceburg 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
100TECUMSEH, ON 0.067%
101STITTSVILLE, ON 0.067%
102AMHERSTBURG, ON 0.066%
103BROOKLIN, ON 0.066%
104KEMPTVILLE, ON 0.066%
105WALLACEBURG, ON 0.066%
106BEAMSVILLE, ON 0.064%
107ELLIOT LAKE, ON 0.064%
108PORT PERRY, ON 0.062%
109KINGSVILLE, ON 0.062%
110HANMER, ON 0.062%

Types of Mortgage Inquiries Received from Wallaceburg


Type of Mortgage Application Form Selected  Percentage
of Inquiries
No Money Down Mortgage (discontinued): 21.1%
New Home Purchase: 15.8%
Refinance / Debt Consolidation: 15.8%
First-time Home Buyer: 13.2%
Pre-approval: 10.5%
Mortgage Renewal: 10.5%
Mortgage Pre-approval: 7.9%
Other: 5.2%
 
Total Application Types Found: 9

Age Demographics for Wallaceburg Mortgages

Average age: 38
Oldest age: 74
Youngest age: 22


Incomes for Wallaceburg Mortgages

The amounts shown below represent the average income of Canadians living in Wallaceburg who have submitted a mortgage inquiry using the Super Brokers' mortgage application.

Average annual gross income for
mortgage applicants in Wallaceburg: $43,590.38
applicants within all of Canada: $60,852.54
Difference: ($17,262.16)
  
mortgage co-applicants in Wallaceburg: $31,063.33
co-applicants within all of Canada: $43,965.51
Difference: ($12,902.18)

Note: Commercial Mortgage loans were not included for this section, only residential loans from Wallaceburg, Ontario were used.


Last mortgage report update for Wallaceburg: Friday, July 1, 2016
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Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Gloucester.

Mortgage Product Type Inquiries
New Purchase35.09%
First-time Home Buyer14.04%
Mortgage Pre-approval12.28%
No Money Down discontinued10.53%
Refinance/Consolidate Debt10.53%
Mortgage Renewal8.77%
Other8.75%