Mortgage Statistics

Top Producing Cities / Towns for Mortgages within Canada
Rank City or Town within
Canada Percentage
of Inquiries Avg
Age Average
Income Average
Co-Income Average
Loan
1 CALGARY, AB 6.799% 37 $69,753 $49,577 $249,926
2 EDMONTON, AB 4.364% 36 $61,267 $44,898 $226,166
3 TORONTO, ON 4.353% 38 $73,599 $53,341 $271,830
4 MISSISSAUGA, ON 2.356% 39 $65,927 $45,712 $239,395
5 OTTAWA, ON 2.125% 37 $65,455 $48,841 $214,976
6 REGINA, SK 1.718% 34 $49,236 $37,883 $142,267
7 LONDON, ON 1.487% 37 $54,258 $41,367 $162,655
8 BRAMPTON, ON 1.476% 38 $57,110 $41,638 $211,380
9 HAMILTON, ON 1.454% 37 $52,078 $37,994 $156,821
10 WINNIPEG, MB 1.101% 37 $53,417 $37,713 $158,431
11 KITCHENER, ON 1.029% 37 $56,435 $45,508 $183,588
12 VANCOUVER, BC 0.913% 39 $69,431 $49,113 $289,566
13 SCARBOROUGH, ON 0.854% 38 $55,811 $41,494 $239,080
14 MONTREAL, QC 0.811% 38 $65,519 $46,562 $229,945
15 WINDSOR, ON 0.783% 36 $56,555 $42,087 $133,415
16 BARRIE, ON 0.768% 36 $55,775 $37,811 $176,886
17 BURLINGTON, ON 0.752% 39 $69,961 $46,026 $212,441
18 SASKATOON, SK 0.749% 36 $54,977 $40,945 $176,553
19 SURREY, BC 0.693% 39 $60,864 $46,062 $251,255
20 GUELPH, ON 0.685% 36 $57,598 $41,034 $205,518
21 OAKVILLE, ON 0.647% 41 $77,757 $49,437 $240,602
22 FORT MCMURRAY, AB 0.645% 35 $101,297 $65,134 $349,795
23 RED DEER, AB 0.638% 35 $61,542 $40,647 $210,822
24 CAMBRIDGE, ON 0.624% 37 $56,581 $39,786 $182,535
25 VICTORIA, BC 0.617% 40 $62,874 $44,587 $256,122
26 OSHAWA, ON 0.614% 38 $55,235 $43,808 $157,438
27 ST CATHARINES, ON 0.536% 36 $52,052 $36,121 $154,197
28 NORTH YORK, ON 0.522% 38 $59,955 $50,775 $285,002
29 ETOBICOKE, ON 0.515% 37 $57,049 $45,114 $240,189
30 RICHMOND HILL, ON 0.512% 40 $74,305 $55,522 $232,508
31 BRANTFORD, ON 0.494% 36 $49,926 $32,865 $152,957
32 KINGSTON, ON 0.482% 38 $57,117 $45,670 $187,206
33 GATINEAU, QC 0.446% 38 $60,567 $44,420 $172,935
34 MARKHAM, ON 0.439% 37 $71,427 $51,967 $249,398
35 HALIFAX, NS 0.436% 35 $53,111 $40,820 $178,596
36 SAULT STE MARIE, ON 0.429% 36 $49,296 $41,636 $128,090
37 LETHBRIDGE, AB 0.420% 38 $54,578 $33,299 $199,709
38 SUDBURY, ON 0.401% 37 $63,551 $38,850 $164,291
39 PETERBOROUGH, ON 0.401% 37 $51,125 $47,828 $157,124
40 AJAX, ON 0.399% 39 $68,728 $44,059 $201,287
41 WATERLOO, ON 0.398% 37 $61,317 $41,562 $218,152
42 WHITEHORSE, YT 0.386% 38 $64,277 $48,750 $260,497
43 SHERWOOD PARK, AB 0.380% 40 $74,466 $53,449 $234,112
44 THUNDER BAY, ON 0.379% 37 $54,119 $39,076 $113,523
45 WHITBY, ON 0.375% 38 $64,143 $53,115 $184,060
46 GRANDE PRAIRIE, AB 0.367% 35 $71,109 $51,023 $201,275
47 YELLOWKNIFE, NT 0.334% 35 $75,055 $66,993 $285,151
48 BURNABY, BC 0.330% 37 $60,460 $45,726 $270,620
49 MONCTON, NB 0.325% 34 $44,956 $33,780 $129,626
50 NIAGARA FALLS, ON 0.323% 36 $46,631 $40,145 $148,927

Mortgage Inquiry Breakdown for all of Canada

Type of Mortgage Application Form Selected Percentage
of Inquiries
Mortgage Pre-approval: 21.6%
First-time Home Buyer: 17.3%
New Home Purchase: 15.3%
Refinance / Debt Consolidation: 14.2%
No Money Down Mortgage (discontinued): 11.7%
Mortgage Renewal: 10.2%
Other: 9.8%

Total Application Types Found: 25

Age Demographics for Online Mortgage Inquiries in Canada
Average age: 38
Oldest age: 90
Youngest age: 19


Incomes for Online Mortgage Inquiries
The figures below represent the average income of Canadians living in Canada who have applied for a home loan using the pre-approval application on Mortgage Super Brokers' web site.

Average annual gross income for
applicants within all of Canada: $60,852.54
co-applicants within all of Canada: $43,965.51
Difference: $16,887.03

Note: Commercial loan amounts were not included for this survey, only residential loans were used.

Last mortgage report update for Canada: Friday, July 1, 2016
PROVINCIAL MORTGAGE STATS:

Alberta
British Columbia
Manitoba
New Brunswick
Newfoundland and Labrador
Nova Scotia
Ontario
Prince Edward Island
Quebec
Saskatchewan
Home Mortgage

Mortgage Product Popularity
Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Fort Mcmurray.

Mortgage Product Type Inquiries
New Purchase 20.38%
Mortgage Pre-approval 20.11%
First-time Home Buyer 19.84%
No Money Down discontinued 16.35%
Mortgage Renewal 8.58%
Refinance/Consolidate Debt 8.04%
Other 6.72%

Best Mortgage Rates
With a lower mortgage rate, it's easier to afford a better home and what you save on interest can go directly toward paying off the principal value of your property faster. Make sure you get the best rates in Canada on your mortgage, apply today.
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