Ontario Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Ontario averaged
6.56%
for the week of 2023-03-16, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2023-03-09) was
6.99% and
one month ago for the week of 2023-02-09, the
average rate was 6.18%.
Ontario's average rate one year ago was 4.21%.
For refis of the same type during the week of 2023-03-16, the average rate
was 6.93%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-03-16 | 6.6% |
| Ontario 30 Year Fixed Rate | 2023-03-16 | 6.56% |
| Ontario 30 Year Fixed Rate Refi | 2023-03-16 | 6.93% |
| Ontario 15 Year Fixed Rate | 2023-03-16 | 6.01% |
| Ontario 15 Year Fixed Rate Refi | 2023-03-16 | 5.88% |
| Ontario 30 Year FHA | 2023-03-16 | 6.48% |
| Ontario 30 Year FHA Refi | 2023-03-16 | 6.42% |
| Ontario 30 Year USDA | 2023-03-16 | 6.71% |
| Ontario 30 Year USDA Refi | 2023-03-16 | 6.08% |
| Ontario 30 Year VA | 2023-03-16 | 6.33% |
| Ontario 30 Year VA Refi | 2023-03-16 | 6.09% |
Ontario Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Ontario, OR-ID market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
Ontario Average Closing Costs & Other Stats
Ontario, OR-ID's 124 lenders originated 2,509
loans during 2021. The total origination value was $554,155,000, with an average loan value of
$220,867.
Ontario's average closing costs are $5,651.
The top Ontario lender as defined by loan originations is QUICKEN LOANS, LLC, with
131 loans originated. Their average total fees are
$5,866, which is $608
lower than the next largest lender,
FIRST COLONY MORTGAGE CORPORATION.
The lowest fee Ontario lenders (with over 10 loans originated) are
ROGUE ($3,269), KeyBank ($3,352), AMERISAVE MORTGAGE CORPORATION ($3,490), Wells Fargo Bank ($3,619) and U.S. Bank ($3,817).
The lowest rate Ontario lenders (with over 10 loans originated) are
D. L. Evans Bank (2.87%), AMERISAVE MORTGAGE CORPORATION (3.03%), UNITED WHOLESALE MORTGAGE, LLC (3.06%), Columbia State Bank (3.07%) and LOANDEPOT.COM, LLC (3.09%).
Ontario, OR-ID Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
|---|---|---|---|---|
| QUICKEN LOANS, LLC | $35,545,000 | $48,945,000 | 37.7% | 8.8% |
| ACADEMY MORTGAGE CORPORATION | $40,260,000 | $48,150,000 | 19.6% | 8.7% |
| FIRST COLONY MORTGAGE CORPORATION | $32,955,000 | $41,875,000 | 27.1% | 7.6% |
| IDAHO CENTRAL | $18,480,000 | $26,235,000 | 42.0% | 4.7% |
| ROGUE | $21,675,000 | n/a | 3.9% | |
| GUILD MORTGAGE COMPANY | $18,340,000 | $18,070,000 | -1.5% | 3.3% |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $6,210,000 | $17,015,000 | 174.0% | 3.1% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $12,500,000 | $16,790,000 | 34.3% | 3.0% |
| D. L. Evans Bank | $10,000,000 | $14,705,000 | 47.1% | 2.7% |
| U.S. Bank | $13,230,000 | $14,135,000 | 6.8% | 2.6% |
| Columbia State Bank | $5,470,000 | $13,425,000 | 145.4% | 2.4% |
| MOVEMENT MORTGAGE, LLC | $7,445,000 | $12,265,000 | 64.7% | 2.2% |
| FREEDOM MORTGAGE CORPORATION | $13,170,000 | $11,905,000 | -9.6% | 2.1% |
| LOANDEPOT.COM, LLC | $6,685,000 | $11,855,000 | 77.3% | 2.1% |
| UNITED WHOLESALE MORTGAGE, LLC | $4,090,000 | $10,100,000 | 146.9% | 1.8% |
| Umpqua Bank | $6,565,000 | $8,820,000 | 34.3% | 1.6% |
| FINANCE OF AMERICA MORTGAGE LLC | $8,065,000 | $8,815,000 | 9.3% | 1.6% |
| Wells Fargo Bank | $3,520,000 | $7,870,000 | 123.6% | 1.4% |
| EVERGREEN MONEYSOURCE MORTGAGE COMPANY | $6,745,000 | $7,385,000 | 9.5% | 1.3% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $6,855,000 | $7,340,000 | 7.1% | 1.3% |
| Flagstar Bank, FSB | $5,140,000 | $6,850,000 | 33.3% | 1.2% |
| KeyBank | $4,355,000 | $6,295,000 | 44.5% | 1.1% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,590,000 | $5,580,000 | 250.9% | 1.0% |
| Zions Bancorporation, N.A. | $6,390,000 | $5,075,000 | -20.6% | 0.9% |
| AMERISAVE MORTGAGE CORPORATION | $1,645,000 | $4,975,000 | 202.4% | 0.9% |
| First Interstate Bank | $1,540,000 | $4,805,000 | 212.0% | 0.9% |
| PENNYMAC LOAN SERVICES, LLC | $2,795,000 | $4,655,000 | 66.5% | 0.8% |
| Mortgage Research Center, LLC | $5,045,000 | $4,275,000 | -15.3% | 0.8% |
| Willamette Valley Bank | $3,540,000 | $4,230,000 | 19.5% | 0.8% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $760,000 | $3,905,000 | 413.8% | 0.7% |
| Washington Federal Bank | $2,270,000 | $3,880,000 | 70.9% | 0.7% |
| PACIFIC RESIDENTIAL MORTGAGE, LLC | $4,525,000 | $3,775,000 | -16.6% | 0.7% |
| NEWREZ LLC | $3,205,000 | $3,700,000 | 15.4% | 0.7% |
| Gateway First Bank | $2,560,000 | $3,535,000 | 38.1% | 0.6% |
| S1L, Inc. | $1,715,000 | $3,515,000 | 105.0% | 0.6% |
| CALIBER HOME LOANS, INC. | $4,025,000 | $3,435,000 | -14.7% | 0.6% |
| Solarity Credit Union | $905,000 | $3,365,000 | 271.8% | 0.6% |
| BROKER SOLUTIONS, INC. | $670,000 | $3,295,000 | 391.8% | 0.6% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $1,365,000 | $3,275,000 | 139.9% | 0.6% |
| JPMorgan Chase Bank | $1,080,000 | $3,025,000 | 180.1% | 0.5% |
| Waterstone Mortgage Corporation | $1,550,000 | $3,020,000 | 94.8% | 0.5% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $1,930,000 | $2,880,000 | 49.2% | 0.5% |
| SUMMIT FUNDING, INC. | $2,720,000 | $2,630,000 | -3.3% | 0.5% |
| MOUNTAIN AMERICA | $1,330,000 | $2,620,000 | 97.0% | 0.5% |
| LAKEVIEW LOAN SERVICING, LLC | $910,000 | $2,475,000 | 172.0% | 0.4% |
| AMCAP MORTGAGE, LTD. | $960,000 | $2,445,000 | 154.7% | 0.4% |
| CHURCHILL MORTGAGE CORPORATION | $1,250,000 | $2,140,000 | 71.2% | 0.4% |
| CASTLE & COOKE MORTGAGE, LLC | $1,925,000 | $1,920,000 | -0.3% | 0.3% |
| BETTER MORTGAGE CORPORATION | $320,000 | $1,820,000 | 468.8% | 0.3% |
| ORIX REAL ESTATE CAPITAL, LLC | $1,805,000 | n/a | 0.3% | |
| LEADERONE FINANCIAL CORPORATION | $1,770,000 | n/a | 0.3% | |
| Mr. Cooper ( Nationstar Mortgage ) | $2,890,000 | $1,745,000 | -39.6% | 0.3% |
| Bank of England | $320,000 | $1,735,000 | 442.2% | 0.3% |
| CAPITAL EDUCATORS FEDERAL CREDIT UNION | $1,565,000 | $1,730,000 | 10.5% | 0.3% |
| Wyndham Capital Mortgage, Inc. | $275,000 | $1,730,000 | 529.1% | 0.3% |
| HOME POINT FINANCIAL CORPORATION | $85,000 | $1,670,000 | 1,864.7% | 0.3% |
| CLEARPATH LENDING | $1,230,000 | $1,660,000 | 35.0% | 0.3% |
| CMG MORTGAGE, INC. | $655,000 | $1,585,000 | 142.0% | 0.3% |
| AMERICAN FINANCING CORPORATION | $1,020,000 | $1,570,000 | 53.9% | 0.3% |
| Glacier Bank | $390,000 | $1,515,000 | 288.5% | 0.3% |
| Bank of the West | $845,000 | $1,430,000 | 69.2% | 0.3% |
| AXIA FINANCIAL, LLC | $905,000 | $1,395,000 | 54.1% | 0.3% |
| HORIZON | $315,000 | $1,380,000 | 338.1% | 0.2% |
| NEW DAY FINANCIAL, LLC | $1,980,000 | $1,375,000 | -30.6% | 0.2% |
| Low VA Rates, LLC | $875,000 | $1,370,000 | 56.6% | 0.2% |
| First Home Bank | $1,445,000 | $1,365,000 | -5.5% | 0.2% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $1,195,000 | $1,350,000 | 13.0% | 0.2% |
| Carrington Mortgage Services, LLC | $1,185,000 | $1,340,000 | 13.1% | 0.2% |
| Northwest Farm Credit Services, FLCA | $2,575,000 | $1,280,000 | -50.3% | 0.2% |
| NBKC BANK | $1,245,000 | n/a | 0.2% | |
| SECURITYNATIONAL MORTGAGE COMPANY | $325,000 | $1,210,000 | 272.3% | 0.2% |
| AMERICAN FINANCIAL NETWORK, INC. | $1,980,000 | $1,205,000 | -39.1% | 0.2% |
| Strong Home Mortgage, LLC | $1,195,000 | n/a | 0.2% | |
| Summit Mortgage Corporation | $1,080,000 | $1,195,000 | 10.6% | 0.2% |
| GUARANTEED RATE, INC. | $1,975,000 | $1,150,000 | -41.8% | 0.2% |
| Bank of Idaho | $285,000 | $1,090,000 | 282.5% | 0.2% |
| VILLAGE CAPITAL & INVESTMENT LLC | $1,960,000 | $1,070,000 | -45.4% | 0.2% |
| CANOPY MORTGAGE, LLC | $1,010,000 | n/a | 0.2% | |
| NAVY FEDERAL CREDIT UNION | $790,000 | $1,000,000 | 26.6% | 0.2% |
| BNC National Bank | $365,000 | $995,000 | 172.6% | 0.2% |
| BAY EQUITY LLC | $235,000 | $955,000 | 306.4% | 0.2% |
| Nations Lending Corporation | $1,105,000 | $935,000 | -15.4% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $2,705,000 | $930,000 | -65.6% | 0.2% |
| AMERICAN ADVISORS GROUP | $950,000 | $920,000 | -3.2% | 0.2% |
| Idaho First Bank | $235,000 | $905,000 | 285.1% | 0.2% |
| The Federal Savings Bank | $570,000 | $875,000 | 53.5% | 0.2% |
| FINANCE OF AMERICA REVERSE LLC | $190,000 | $865,000 | 355.3% | 0.2% |
| PIONEER | $595,000 | $855,000 | 43.7% | 0.2% |
| WESTMARK Credit Union | $1,050,000 | $830,000 | -21.0% | 0.1% |
| PLANET HOME LENDING, LLC | $985,000 | $815,000 | -17.3% | 0.1% |
| Magnolia Bank | $700,000 | $805,000 | 15.0% | 0.1% |
| LOANPAL, LLC | $310,000 | $740,000 | 138.7% | 0.1% |
| North American Savings Bank, F.S.B. | $1,460,000 | $740,000 | -49.3% | 0.1% |
| CROSSCOUNTRY MORTGAGE, LLC | $865,000 | $735,000 | -15.0% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $925,000 | $705,000 | -23.8% | 0.1% |
| AMERICAN FINANCIAL RESOURCES, INC. | $655,000 | n/a | 0.1% | |
| GSF Mortgage Corporation | $640,000 | n/a | 0.1% | |
| GENEVA FINANCIAL, LLC | $1,320,000 | $575,000 | -56.4% | 0.1% |
| USAA Federal Savings Bank | $2,745,000 | $575,000 | -79.1% | 0.1% |
| Deere Employees Credit Union | $570,000 | n/a | 0.1% | |
| First Federal Savings Bank of Twin Falls | $745,000 | $560,000 | -24.8% | 0.1% |
| CALCON MUTUAL MORTGAGE LLC | $805,000 | $550,000 | -31.7% | 0.1% |
| First Guaranty Mortgage Corporation | $485,000 | $550,000 | 13.4% | 0.1% |
| LADERA LENDING, INC. | $525,000 | n/a | 0.1% | |
| Commerce Home Mortgage, Inc. | $245,000 | $520,000 | 112.2% | 0.1% |
| Eagle Bank and Trust Company | $375,000 | $475,000 | 26.7% | 0.1% |
| HomeStreet Bank | $505,000 | $470,000 | -6.9% | 0.1% |
| Banner Bank | $1,525,000 | $465,000 | -69.5% | 0.1% |
| First Savings Bank | $600,000 | $460,000 | -23.3% | 0.1% |
| RANLIFE, INC. | $800,000 | $455,000 | -43.1% | 0.1% |
| NATIONS DIRECT MORTGAGE, LLC | $205,000 | $450,000 | 119.5% | 0.1% |
| SUMMIT MORTGAGE CORPORATION | $1,610,000 | $440,000 | -72.7% | 0.1% |
| PNC Bank | $325,000 | $425,000 | 30.8% | 0.1% |
| HOMEXPRESS MORTGAGE CORP. | $395,000 | n/a | 0.1% | |
| Washington Trust Bank | $215,000 | $395,000 | 83.7% | 0.1% |
| LONGBRIDGE FINANCIAL, LLC | $390,000 | n/a | 0.1% | |
| AMERICA FIRST | $370,000 | n/a | 0.1% | |
| IDAHO STATE UNIVERSITY | $370,000 | n/a | 0.1% | |
| Discover Bank | $365,000 | n/a | 0.1% | |
| Barrington Bank & Trust Company, N.A. | $275,000 | $355,000 | 29.1% | 0.1% |
| Meridian Bank Corporation | $355,000 | n/a | 0.1% | |
| SOUTHWEST STAGE FUNDING, LLC | $115,000 | $355,000 | 208.7% | 0.1% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $255,000 | $350,000 | 37.3% | 0.1% |
| OPEN MORTGAGE, LLC | $350,000 | n/a | 0.1% | |
| STEARNS LENDING, LLC | $325,000 | $330,000 | 1.5% | 0.1% |
| DIRECTORS MORTGAGE, INC. | $325,000 | n/a | 0.1% | |
| ACCELERATE MORTGAGE, LLC | $305,000 | n/a | 0.1% | |
| ROYAL UNITED MORTGAGE LLC | $240,000 | $295,000 | 22.9% | 0.1% |
| PREMIA MORTGAGE, LLC | $85,000 | $285,000 | 235.3% | 0.1% |
| Ixonia Bank | $275,000 | n/a | 0.0% | |
| Chicago Mortgage Solutions LLC | $265,000 | n/a | 0.0% | |
| InterContinental Capital Group, Inc | $370,000 | $265,000 | -28.4% | 0.0% |
| 21ST MORTGAGE CORPORATION | $110,000 | $260,000 | 136.4% | 0.0% |
| FIRST TECHNOLOGY | $435,000 | $260,000 | -40.2% | 0.0% |
| First Mortgage Solutions, LLC | $255,000 | n/a | 0.0% | |
| Bank of America | $855,000 | $245,000 | -71.3% | 0.0% |
| Bank of Utah | $245,000 | n/a | 0.0% | |
| CENTENNIAL LENDING, LLC | $245,000 | n/a | 0.0% | |
| Citadel Servicing Corporation | $245,000 | n/a | 0.0% | |
| SELCO COMMUNITY | $245,000 | n/a | 0.0% | |
| Citizens Bank | $235,000 | n/a | 0.0% | |
| REVERSE MORTGAGE FUNDING LLC | $185,000 | $235,000 | 27.0% | 0.0% |
| NP, Inc. | $225,000 | n/a | 0.0% | |
| Plains Commerce Bank | $225,000 | n/a | 0.0% | |
| Prosperity Home Mortgage, LLC | $215,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $25,000 | $215,000 | 760.0% | 0.0% |
| Operating Engineers Local Union #3 | $205,000 | n/a | 0.0% | |
| GUARANTY HOME MORTGAGE CORPORATION | $195,000 | n/a | 0.0% | |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $195,000 | n/a | 0.0% | |
| MANN FINANCIAL INC. | $95,000 | $195,000 | 105.3% | 0.0% |
| MORTGAGE EXPRESS, LLC | $195,000 | n/a | 0.0% | |
| PHH Mortgage Corporation | $260,000 | $190,000 | -26.9% | 0.0% |
| JMAC LENDING, INC. | $185,000 | n/a | 0.0% | |
| Texana Bank | $225,000 | $185,000 | -17.8% | 0.0% |
| Figure Lending LLC | $180,000 | n/a | 0.0% | |
| Northpointe Bank | $315,000 | $175,000 | -44.4% | 0.0% |
| HOMESIDE FINANCIAL, LLC | $245,000 | $165,000 | -32.7% | 0.0% |
| KELLER MORTGAGE, LLC | $410,000 | $165,000 | -59.8% | 0.0% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $275,000 | $165,000 | -40.0% | 0.0% |
| Stifel Bank and Trust | $185,000 | $165,000 | -10.8% | 0.0% |
| Goldwater Bank, N.A. | $135,000 | $155,000 | 14.8% | 0.0% |
| OREGONIANS CREDIT UNION | $155,000 | n/a | 0.0% | |
| Potlatch No. 1 Financial Credit Union | $745,000 | $155,000 | -79.2% | 0.0% |
| ADVANTIS | $145,000 | n/a | 0.0% | |
| FIRST COMMUNITY MORTGAGE, INC. | $145,000 | n/a | 0.0% | |
| SOVEREIGN LENDING GROUP INCORPORATED | $375,000 | $145,000 | -61.3% | 0.0% |
| PENTAGON FEDERAL CREDIT UNION | $35,000 | $135,000 | 285.7% | 0.0% |
| MUFG Union Bank | $125,000 | n/a | 0.0% | |
| Blue Ridge Bank | $115,000 | n/a | 0.0% | |
| NETWORK CAPITAL FUNDING CORPORATION | $115,000 | n/a | 0.0% | |
| American Airlines Federal Credit Union | $105,000 | n/a | 0.0% | |
| Arvest Bank | $105,000 | n/a | 0.0% | |
| RELIANCE FIRST CAPITAL, LLC | $85,000 | n/a | 0.0% | |
| FIRST COMMUNITY | $75,000 | n/a | 0.0% | |
| Citibank | $65,000 | n/a | 0.0% | |
| STAR USA FEDERAL CREDIT UNION | $65,000 | n/a | 0.0% | |
| Manufacturers and Traders Trust Company | $55,000 | n/a | 0.0% |
Ontario's top lender by overall market share is QUICKEN LOANS, LLC, with 8.8% market share. In second place, with 8.7%, is ACADEMY MORTGAGE CORPORATION, having originated $48,150,000 in loans. In third place, with 7.6%, is FIRST COLONY MORTGAGE CORPORATION, having originated $41,875,000 in loans. In fourth place, with 4.7%, is IDAHO CENTRAL, having originated $26,235,000 in loans. In fifth place, with 3.9%, is ROGUE, having originated $21,675,000 in loans.
Ontario Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Ontario (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
|---|---|---|---|---|
| 2018-01-01 | $179,900 (18.0%) | $238,375 (13.1%) | 0.00 | 164 |
| 2018-02-01 | $179,925 (16.2%) | $241,406 (16.3%) | 0.00 | 149 |
| 2018-03-01 | $190,999 (17.9%) | $249,466 (17.3%) | 0.00 | 129 |
| 2018-04-01 | $198,600 (17.6%) | $250,847 (17.1%) | 0.00 | 129 |
| 2018-05-01 | $204,450 (21.2%) | $253,510 (16.1%) | 0.00 | 138 |
| 2018-06-01 | $214,000 (20.4%) | $272,331 (23.8%) | 0.00 | 153 |
| 2018-07-01 | $223,950 (24.8%) | $287,137 (25.4%) | 0.00 | 154 |
| 2018-08-01 | $231,750 (35.4%) | $287,820 (26.3%) | 0.00 | 158 |
| 2018-09-01 | $249,999 (48.0%) | $288,909 (30.7%) | 0.00 | 151 |
| 2018-10-01 | $267,250 (59.2%) | $294,991 (37.2%) | 0.00 | 147 |
| 2018-11-01 | $260,950 (51.3%) | $290,468 (30.5%) | 0.00 | 139 |
| 2018-12-01 | $265,500 (47.6%) | $324,263 (34.1%) | 0.00 | 138 |
| 2019-01-01 | $267,875 (48.9%) | $322,414 (35.3%) | 0.00 | 123 |
| 2019-02-01 | $248,250 (38.0%) | $299,178 (23.9%) | 0.00 | 116 |
| 2019-03-01 | $249,386 (30.6%) | $304,256 (22.0%) | 0.00 | 126 |
| 2019-04-01 | $257,450 (29.6%) | $327,762 (30.7%) | 0.00 | 130 |
| 2019-05-01 | $262,375 (28.3%) | $349,329 (37.8%) | 0.00 | 119 |
| 2019-06-01 | $250,000 (16.8%) | $343,102 (26.0%) | 0.00 | 111 |
| 2019-07-01 | $247,500 (10.5%) | $321,780 (12.1%) | 0.00 | 128 |
| 2019-08-01 | $249,973 (7.9%) | $323,027 (12.2%) | 0.00 | 126 |
| 2019-09-01 | $249,932 (0.0%) | $322,798 (11.7%) | 0.00 | 137 |
| 2019-10-01 | $252,205 (-5.6%) | $321,836 (9.1%) | 0.00 | 137 |
| 2019-11-01 | $253,900 (-2.7%) | $319,491 (10.0%) | 0.00 | 124 |
| 2019-12-01 | $259,950 (-2.1%) | $333,099 (2.7%) | 0.00 | 104 |
| 2020-01-01 | $289,900 (8.2%) | $366,223 (13.6%) | 0.00 | 78 |
| 2020-02-01 | $273,900 (10.3%) | $340,306 (13.8%) | 0.00 | 83 |
| 2020-03-01 | $268,900 (7.8%) | $337,748 (11.0%) | 0.00 | 95 |
| 2020-04-01 | $266,675 (3.6%) | $329,267 (0.5%) | 0.00 | 99 |
| 2020-05-01 | $266,450 (1.6%) | $316,242 (-9.5%) | 0.00 | 84 |
| 2020-06-01 | $297,450 (19.0%) | $366,415 (6.8%) | 0.00 | 71 |
| 2020-07-01 | $309,075 (24.9%) | $393,789 (22.4%) | 0.00 | 64 |
| 2020-08-01 | $327,495 (31.0%) | $393,771 (21.9%) | 0.00 | 59 |
| 2020-09-01 | $329,725 (31.9%) | $399,710 (23.8%) | 0.00 | 51 |
| 2020-10-01 | $297,000 (17.8%) | $392,030 (21.8%) | 0.00 | 57 |
| 2020-11-01 | $352,704 (38.9%) | $446,563 (39.8%) | 0.00 | 50 |
| 2020-12-01 | $319,794 (23.0%) | $425,977 (27.9%) | 0.00 | 42 |
| 2021-01-01 | $289,960 (0.0%) | $411,443 (12.4%) | 0.00 | 35 |
| 2021-02-01 | $314,995 (15.0%) | $426,547 (25.3%) | 0.00 | 37 |
| 2021-03-01 | $336,925 (25.3%) | $460,751 (36.4%) | 0.00 | 38 |
| 2021-04-01 | $407,500 (52.8%) | $478,877 (45.4%) | 0.00 | 44 |
| 2021-05-01 | $390,000 (46.4%) | $468,441 (48.1%) | 0.00 | 47 |
| 2021-06-01 | $373,610 (25.6%) | $460,355 (25.6%) | 0.00 | 61 |
| 2021-07-01 | $400,000 (29.4%) | $465,324 (18.2%) | 0.00 | 86 |
| 2021-08-01 | $397,450 (21.4%) | $473,201 (20.2%) | 0.00 | 97 |
| 2021-09-01 | $419,925 (27.4%) | $477,272 (19.4%) | 0.00 | 107 |
| 2021-10-01 | $399,000 (34.3%) | $475,276 (21.2%) | 0.00 | 113 |
| 2021-11-01 | $422,500 (19.8%) | $508,187 (13.8%) | 0.00 | 94 |
| 2021-12-01 | $427,475 (33.7%) | $520,289 (22.1%) | 0.00 | 86 |
| 2022-01-01 | $448,000 (54.5%) | $525,707 (27.8%) | 0.00 | 70 |
| 2022-02-01 | $447,975 (42.2%) | $490,700 (15.0%) | 0.00 | 64 |
| 2022-03-01 | $444,075 (31.8%) | $548,088 (19.0%) | 0.00 | 67 |
| 2022-04-01 | $455,000 (11.7%) | $635,861 (32.8%) | 0.00 | 77 |
| 2022-05-01 | $472,450 (21.1%) | $642,710 (37.2%) | 0.00 | 108 |
| 2022-06-01 | $429,000 (14.8%) | $586,322 (27.4%) | 0.00 | 150 |
| 2022-07-01 | $413,000 (3.3%) | $543,898 (16.9%) | 0.00 | 194 |
| 2022-08-01 | $411,000 (3.4%) | $545,800 (15.3%) | 0.00 | 193 |
| 2022-09-01 | $399,900 (-4.8%) | $540,253 (13.2%) | 0.00 | 179 |
| 2022-10-01 | $405,000 (1.5%) | $538,864 (13.4%) | 0.00 | 191 |
| 2022-11-01 | $399,999 (-5.3%) | $548,124 (7.9%) | 0.00 | 173 |
| 2022-12-01 | $399,900 (-6.5%) | $566,155 (8.8%) | 0.00 | 147 |
| 2023-01-01 | $406,000 (-9.4%) | $587,188 (11.7%) | 0.00 | 131 |
| 2023-02-01 | $408,200 (-8.9%) | $555,879 (13.3%) | 0.00 | 135 |
Ontario's median listing price comes in at 0% of the national average.
Ontario's average listing price for 2023-02-01 was $555,879, a difference of $65,179 (13.3%) versus the prior year and $-31,309 versus the prior month.
For the 2023-02-01 period, Ontario had 135 MLS listings, a difference of 4 listings (3%) versus the prior month and 71 listings (111%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Ontario (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,733 sqft |
| 2018-02-01 | 0 days | 1,758 sqft |
| 2018-03-01 | 0 days | 1,701 sqft |
| 2018-04-01 | 0 days | 1,844 sqft |
| 2018-05-01 | 0 days | 1,814 sqft |
| 2018-06-01 | 0 days | 1,793 sqft |
| 2018-07-01 | 0 days | 1,798 sqft |
| 2018-08-01 | 0 days | 1,900 sqft |
| 2018-09-01 | 0 days | 1,945 sqft |
| 2018-10-01 | 0 days | 2,034 sqft |
| 2018-11-01 | 0 days | 1,978 sqft |
| 2018-12-01 | 0 days | 1,928 sqft |
| 2019-01-01 | 0 days | 1,860 sqft |
| 2019-02-01 | 0 days | 1,850 sqft |
| 2019-03-01 | 0 days | 1,848 sqft |
| 2019-04-01 | 0 days | 1,848 sqft |
| 2019-05-01 | 0 days | 1,850 sqft |
| 2019-06-01 | 0 days | 1,844 sqft |
| 2019-07-01 | 0 days | 1,841 sqft |
| 2019-08-01 | 0 days | 1,876 sqft |
| 2019-09-01 | 0 days | 1,889 sqft |
| 2019-10-01 | 0 days | 1,920 sqft |
| 2019-11-01 | 0 days | 1,954 sqft |
| 2019-12-01 | 0 days | 1,951 sqft |
| 2020-01-01 | 0 days | 2,047 sqft |
| 2020-02-01 | 0 days | 1,894 sqft |
| 2020-03-01 | 0 days | 1,760 sqft |
| 2020-04-01 | 0 days | 1,756 sqft |
| 2020-05-01 | 0 days | 1,756 sqft |
| 2020-06-01 | 0 days | 2,015 sqft |
| 2020-07-01 | 0 days | 2,163 sqft |
| 2020-08-01 | 0 days | 2,240 sqft |
| 2020-09-01 | 0 days | 2,217 sqft |
| 2020-10-01 | 0 days | 1,930 sqft |
| 2020-11-01 | 0 days | 2,304 sqft |
| 2020-12-01 | 0 days | 2,048 sqft |
| 2021-01-01 | 0 days | 1,999 sqft |
| 2021-02-01 | 0 days | 1,750 sqft |
| 2021-03-01 | 0 days | 1,715 sqft |
| 2021-04-01 | 0 days | 2,006 sqft |
| 2021-05-01 | 0 days | 1,843 sqft |
| 2021-06-01 | 0 days | 1,928 sqft |
| 2021-07-01 | 0 days | 1,920 sqft |
| 2021-08-01 | 0 days | 1,961 sqft |
| 2021-09-01 | 0 days | 1,852 sqft |
| 2021-10-01 | 0 days | 1,923 sqft |
| 2021-11-01 | 0 days | 1,908 sqft |
| 2021-12-01 | 0 days | 1,990 sqft |
| 2022-01-01 | 0 days | 1,926 sqft |
| 2022-02-01 | 0 days | 1,870 sqft |
| 2022-03-01 | 0 days | 1,866 sqft |
| 2022-04-01 | 0 days | 1,888 sqft |
| 2022-05-01 | 0 days | 1,897 sqft |
| 2022-06-01 | 0 days | 1,869 sqft |
| 2022-07-01 | 0 days | 1,840 sqft |
| 2022-08-01 | 0 days | 1,869 sqft |
| 2022-09-01 | 0 days | 1,845 sqft |
| 2022-10-01 | 0 days | 1,908 sqft |
| 2022-11-01 | 0 days | 1,916 sqft |
| 2022-12-01 | 0 days | 1,909 sqft |
| 2023-01-01 | 0 days | 1,924 sqft |
| 2023-02-01 | 0 days | 1,948 sqft |
Ontario's median square footage for active listings during the 2023-02-01 period was 1,948 sqft. One year prior, the average listing was 1,870 sqft.
Ontario, OR-ID Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 880 | $240,560,000 | $273,364 |
| Cash Out Refi | 731 | $157,895,000 | $215,999 |
| Refi | 699 | $135,075,000 | $193,240 |
| Home Improvement | 129 | $13,035,000 | $101,047 |
| Other | 70 | $7,590,000 | $108,429 |
Ontario's most frequently cited loan purpose was Home Purchase, with 880 originations. The 2nd most popular reason was Cash Out Refi, with 731 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 1,048 | $249,140,000 | $237,729 |
| 2.5-3% | 880 | $203,040,000 | $230,727 |
| <2.5% | 403 | $82,345,000 | $204,330 |
| 4-5% | 134 | $15,760,000 | $117,612 |
| 5-6% | 17 | $965,000 | $56,765 |
| 6-7% | 11 | $1,025,000 | $93,182 |
| 7-8% | 5 | $415,000 | $83,000 |
| Over 8% | 4 | $290,000 | $72,500 |
During 2021, Ontario's most frequently originated rate bucket was 3-4%, with 1,048 originations.
Loan Sizing (Ontario, OR-ID MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 1,065 | $292,455,000 | $274,606 |
| $100k-200k | 900 | $135,960,000 | $151,067 |
| $100,000 or less | 369 | $20,295,000 | $55,000 |
| $400k-600k | 159 | $74,625,000 | $469,340 |
| $600k-1000k | 8 | $6,570,000 | $821,250 |
| $Over $1MM | 8 | $24,250,000 | $3,031,250 |
Ontario's loan sizing saw the bucket of loans from $200k-400k with 1,065 originations, totaling $292,455,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 60-80% | 778 | $200,320,000 | $257,481 |
| 80-100% | 700 | $190,970,000 | $272,814 |
| 40-60% | 507 | $95,675,000 | $188,708 |
| 20-40% | 252 | $30,390,000 | $120,595 |
| Under 20% | 184 | $7,010,000 | $38,098 |
| Over 100% | 18 | $16,880,000 | $937,778 |
Ontario's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 778 originations, totaling $200,320,000 in origination value.