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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.


Last mortgage report update for Waterdown: 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 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%