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Windsor Mortgage Information
Average Mortgage Loan in Windsor: $133,415The graph below shows the volumes of online applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Windsor mostly occur during our first quarter (represented by the brown bars) with 32.45% while our slowest is the fourth quarter (represented by the red bars) with 16.34%.
Rankings for Busy Mortgage Months
| Rank | Month | | Percentage of Applications |
|---|
| 1 | March: | | 11.7% |
| 2 | February: | | 11.0% |
| 3 | January: | | 9.7% |
| 4 | April: | | 9.3% |
| 5 | July: | | 9.1% |
| 6 | August: | | 8.8% |
| Rank | Month | | Percentage of Applications |
|---|
| 7 | May: | | 8.6% |
| 8 | June: | | 8.2% |
| 9 | September: | | 7.3% |
| 10 | October: | | 6.8% |
| 11 | November: | | 5.5% |
| 12 | December: | | 4.0% |
The data below compares the busy days for online 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 Windsor, the day with the most volume, generating 17.88% of all submissions, is Wednesday. In comparison, Sunday's are the slowest day with only 9.27% of all inquiries.
| Rank | Day of the Week | Percentage of Applications |
|---|
| 1 | Wednesday: | 17.9% |
| 2 | Tuesday: | 17.2% |
| 3 | Monday: | 17.0% |
| 4 | Friday: | 14.6% |
| 5 | Thursday: | 14.4% |
| 6 | Saturday: | 9.7% |
| 7 | Sunday: | 9.3% |
Applications are received 24 hours a day on the Mortgage Super Brokers web site. The graph shown below indicates the rush hours over a 24-hour period. The data is taken from all days of all years. Only 33.8% of all mortgages are received during the morning, while 64.5% arrive in the afternoon.
| Time | Period (24 Hour) | Percentage
of Applications |
|---|
| 12AM | 00:00 to 00:59: | 0.4%
|
| 1AM | 01:00 to 01:59: | 1.1%
|
| 2AM | 02:00 to 02:59: | 0.2%
|
| 3AM | 03:00 to 03:59: | 0.2%
|
| 4AM | 04:00 to 04:59: | 0.7%
|
| 5AM | 05:00 to 05:59: | 1.8%
|
| 6AM | 06:00 to 06:59: | 2.6%
|
| 7AM | 07:00 to 07:59: | 4.6%
|
| 8AM | 08:00 to 08:59: | 6.0%
|
| 9AM | 09:00 to 09:59: | 5.5%
|
| 10AM | 10:00 to 10:59: | 6.0%
|
| 11AM | 11:00 to 11:59: | 6.4%
|
| Time | Period (24 Hour) | Percentage
of Applications |
|---|
| Lunch | 12:00 to 12:59: | 8.6%
|
| 1PM | 13:00 to 13:59: | 7.5%
|
| 2PM | 14:00 to 14:59: | 5.3%
|
| 3PM | 15:00 to 15:59: | 5.3%
|
| 4PM | 16:00 to 16:59: | 6.8%
|
| 5PM | 17:00 to 17:59: | 5.7%
|
| 6PM | 18:00 to 18:59: | 6.6%
|
| 7PM | 19:00 to 19:59: | 5.1%
|
| 8PM | 20:00 to 20:59: | 5.5%
|
| 9PM | 21:00 to 21:59: | 4.0%
|
| 10PM | 22:00 to 22:59: | 2.2%
|
| 11PM | 23:00 to 23:59: | 1.8%
|
The following table lists how Windsor 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.
| Rank | Location | Contribution |
|---|
| 4 | LONDON, ON | 1.487% |
| 5 | BRAMPTON, ON | 1.476% |
| 6 | HAMILTON, ON | 1.454% |
| 7 | KITCHENER, ON | 1.029% |
| 8 | SCARBOROUGH, ON | 0.854% |
| 9 | WINDSOR, ON | 0.783% |
| 10 | BARRIE, ON | 0.768% |
| 11 | BURLINGTON, ON | 0.752% |
| 12 | GUELPH, ON | 0.685% |
| 13 | OAKVILLE, ON | 0.647% |
| 14 | CAMBRIDGE, ON | 0.624% |
| Type of Mortgage Application Form Selected | | Percentage
of Inquiries |
|---|
| Mortgage Pre-approval: | | 22.3% |
| First-time Home Buyer: | | 18.3% |
| New Home Purchase: | | 16.3% |
| Refinance / Debt Consolidation: | | 13.7% |
| No Money Down Mortgage (discontinued): | | 11.3% |
| Mortgage Renewal: | | 11.0% |
| Other: | | 7% |
| |
| Total Application Types Found: 16 |
Average age: 36
Oldest age: 76
Youngest age: 20
The numbers below represent the average income of applicants living in Windsor who have applied for a loan using the online application located at the Mortgage Super Brokers' web site.
| Average annual gross income for | |
|---|
| mortgage applicants in Windsor: | $56,555.20 |
| applicants within all of Canada: | $60,852.54 |
| Difference: | ($4,297.34) |
| | |
| mortgage co-applicants in Windsor: | $42,087.30 |
| co-applicants within all of Canada: | $43,965.51 |
| Difference: | ($1,878.21) |
Note: Commercial loan amounts were not included for this report, only residential mortgages from Windsor, Ontario were used.
Licensing Info: Alberta Mortgage #MW-0511205,
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