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Waterdown Mortgage Information

Average Mortgage Loan in Waterdown: $211,268

Busy Days for Online Mortgages within Waterdown

The graph listed below plots the busy days for online inquiries that were received by Super Brokers. Each day is a representation of the combined 6-year total of all instances of that day. In Waterdown, the day with the most volume, generating 24.49% of all submissions, is Tuesday. In comparison, Saturday's are the slowest day with only 4.08% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Tuesday: 24.5%
2 Friday: 20.4%
3 Thursday: 20.4%
4 Sunday: 16.3%
5 Wednesday: 8.2%
6 Monday: 6.1%
7 Saturday: 4.1%
Busy Days Report for Waterdown Mortgages

Peak Hours for Mortgages within Waterdown

In Waterdown, inquiries are received 24 hours a day from our web site. The time periods below indicates the busy hours within a 24-hour period. The data is taken from all days of all years. Only 22.4% of all mortgages are received during the morning, while 77.6% arrive in the afternoon.


Peak Hours Graph for Mortgages in Waterdown
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: 2.0%
4AM 04:00 to 04:59: 0%
5AM 05:00 to 05:59: 2.0%
6AM 06:00 to 06:59: 4.1%
7AM 07:00 to 07:59: 4.1%
8AM 08:00 to 08:59: 0%
9AM 09:00 to 09:59: 6.1%
10AM 10:00 to 10:59: 2.0%
11AM 11:00 to 11:59: 2.0%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 14.3%
1PM 13:00 to 13:59: 2.0%
2PM 14:00 to 14:59: 6.1%
3PM 15:00 to 15:59: 8.2%
4PM 16:00 to 16:59: 8.2%
5PM 17:00 to 17:59: 2.0%
6PM 18:00 to 18:59: 18.4%
7PM 19:00 to 19:59: 8.2%
8PM 20:00 to 20:59: 6.1%
9PM 21:00 to 21:59: 2.0%
10PM 22:00 to 22:59: 2.0%
11PM 23:00 to 23:59: 0%

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 Waterdown Ranks in Ontario for Mortgage Business

The following table lists how Waterdown 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
78PEMBROKE, ON 0.093%
79LASALLE, ON 0.086%
80SMITHS FALLS, ON 0.085%
81EAST YORK, ON 0.085%
82STOUFFVILLE, ON 0.085%
83WATERDOWN, ON 0.085%
84FERGUS, ON 0.083%
85MIDLAND, ON 0.083%
86NAPANEE, ON 0.081%
87ACTON, ON 0.081%
88HUNTSVILLE, ON 0.081%

Types of Mortgage Inquiries Received from Waterdown


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 28.6%
Mortgage Renewal: 20.4%
New Home Purchase: 14.3%
Refinance / Debt Consolidation: 14.3%
First-time Home Buyer: 10.2%
No Money Down Mortgage (discontinued): 4.1%
Investment: 4.1%
Other: 4%
 
Total Application Types Found: 9

Age Demographics for Waterdown Applicants

Average age: 39
Oldest age: 74
Youngest age: 26


Incomes for Waterdown Applicants

The figures below represent the average income of people living in Waterdown who have applied for a home loan using the Super Brokers' mortgage application.

Average annual gross income for
mortgage applicants in Waterdown: $62,679.20
applicants within all of Canada: $60,852.54
Difference: $1,826.65
  
mortgage co-applicants in Waterdown: $59,855.75
co-applicants within all of Canada: $43,965.51
Difference: $15,890.24

Note: Commercial Mortgage loans were not included for this report, only residential loans amounts from Waterdown, Ontario were used.

Nearest Settlements


1Freelton, Ontario
2Copetown, Ontario
3Ancaster, Ontario
4Burlington, Ontario
5Lynden, Ontario
6St George, Ontario
7Millgrove, Ontario
8Dundas, Ontario
9Stoney Creek, Ontario
10Burford, Ontario
11Caledonia, Ontario
12St George Brant, Ontario
13Carlisle, Ontario
14Princeton, Ontario
15Troy, Ontario
16Hamilton, Ontario
17Ohsweken, Ontario
18Hannon, Ontario
19Cambridge, Ontario
20Brantford, Ontario
21Guelph, Ontario
22Ayr, Ontario
23Milton, Ontario
24Kilbride, Ontario
25Paris, Ontario
26Puslinch, Ontario
27Mount Hope, Ontario
28Scotland, Ontario
29Oakville, Ontario
30Windham Centre, Ontario
31Mount Elgin, Ontario
32Mississauga, Ontario
33Cayuga, Ontario
34Campbellville, Ontario
35Binbrook, Ontario
36New Dundee, Ontario
37Kitchener, Ontario
38Bright, Ontario
39Otterville, Ontario
40Waterford, Ontario
41Hornby, Ontario
42Beamsville, Ontario
43Tillsonburg, Ontario
44Delhi, Ontario
45Courtland, Ontario
46Acton, Ontario
47Elmira, Ontario
48Waterloo, Ontario
49Brownsville, Ontario
50Woodstock, Ontario
51Hagersville, Ontario


Last mortgage report update for Waterdown: Friday, July 1, 2016
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Mortgage Product Popularity
Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in St Thomas.

Mortgage Product Type Inquiries
Mortgage Pre-approval23.76%
Refinance/Consolidate Debt16.83%
No Money Down discontinued14.85%
First-time Home Buyer14.85%
Mortgage Renewal10.89%
New Purchase10.89%
Other7.92%