Elk Point Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
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| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2008: | * 25.00% | * 0.00% |
| 2007: | 25.00% | 0.00% |
| 2005: | 25.00% | 0.00% |
| 2003: | 25.00% | 0.00% |
| Location | Contribution | |
|---|---|---|
| 112: | RED EARTH CREEK, AB | 0.013% |
| 113: | BLAIRMORE, AB | 0.013% |
| 114: | MAGRATH, AB | 0.013% |
| 115: | GLENDON, AB | 0.013% |
| 116: | TURNER VALLEY, AB | 0.013% |
| 117: | ELK POINT, AB | 0.013% |
| 118: | LAKE LOUISE, AB | 0.013% |
| 119: | BLACK DIAMOND, AB | 0.013% |
| 120: | BOYLE, AB | 0.013% |
| 121: | FORT VERMILION, AB | 0.013% |
| 122: | STANDARD, AB | 0.009% |
| 1 | St Paul, Alberta |
| 2 | Bonnyville, Alberta |
| 3 | Islay, Alberta |
| 4 | Kitscoty, Alberta |
| 5 | Ardmore, Alberta |
| 6 | Mannville, Alberta |
| 7 | Lloydminster, Alberta |
| 8 | Onion Lake, Saskatchewan |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Refinance: | 50.0% | |
| Purchase: | 25.0% | |
| Qualification: | 25.0% | |
| Total Application Types Found: 3 | ||
Average age: 54
Oldest age: 68
Youngest age: 39
The following depicts the average income of Canadians living in Elk Point who have applied for a mortgage loan using CanEquity's online mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Elk Point: | $103,000.00 |
| applicants within all of Canada: | $56,689.29 |
| Difference: | $46,310.71 |
Since the average income of Elk Point is notability higher than the national average, we have included the MEDIAN annual gross income for this location. A reason for such a high average is usually due to a high income that is just under our cut-off of acceptable incomes of <$500,000. In rare cases, some applicants may have entered an extra digit (ie. 400000 instead of 40000), which will also sway the averages in smaller areas. In such a case, we will correct the data accordingly.
| Median annual gross income for | |
|---|---|
| mortgage applicants in Elk Point: | $100,000.00 |
| applicants within all of Canada: | $56,689.29 |
| Difference: | $43,310.71 |
The pie chart below shows the residential status of people living in Elk Point who have submitted a mortgage inquiry using the pre-approval application on the CanEquity Mortgage web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 25.0% | |
| Own: | 50.0% | |
| No Comment: | 25.0% |
The following information represents the marital status of applicants from Elk Point, Alberta using the mortgage preapproval application found on canequity.com. In Elk Point, approximately 75% of the mortgage applicants are either married or living common-law, while only 25% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 75.0% | |
| Divorced: | 25.0% |
