Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2009: | 33.33% | 0.00% |
| 2008: | 33.33% | 0.00% |
| 2002: | 33.33% | 0.00% |
| Location | Contribution | |
|---|---|---|
| 196: | WABAMUN, AB | 0.006% |
| 197: | DIAMOND CITY, AB | 0.006% |
| 198: | CARSELAND, AB | 0.006% |
| 199: | ROCKYFORD, AB | 0.006% |
| 200: | HINES CREEK, AB | 0.006% |
| 201: | MONARCH, AB | 0.006% |
| 202: | THORHILD, AB | 0.006% |
| 203: | ROCHESTER, AB | 0.004% |
| 204: | SPRINGBROOK, AB | 0.004% |
| 205: | LUNDBRECK, AB | 0.004% |
| 206: | HAGATNA, AB | 0.004% |
| 11 | Raymond, Alberta |
| 12 | Coaldale, Alberta |
| 13 | Nanton, Alberta |
| 14 | Barnwell, Alberta |
| 15 | Stirling, Alberta |
| 16 | High River, Alberta |
| 17 | Warner, Alberta |
| 18 | Vulcan, Alberta |
| 19 | Longview, Alberta |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Purchase: | 66.7% | |
| Refinance: | 33.3% | |
| Total Application Types Found: 2 | ||
Average age: 38
Oldest age: 48
Youngest age: 26
The amounts below are the average income of Canadians living in Monarch who have submitted a mortgage inquiry using the online application located at the CanEquity web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Monarch: | $80,860.00 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $21,361.53 |
Since the average income of Monarch is notability higher than our Canadian national average, we have included the MEDIAN annual gross income for this town. 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 Monarch: | $98,900.00 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $39,401.53 |
The information shown below represents the residential status of people living in Monarch who have applied for a home loan using the online application located at the CanEquity web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Own: | 66.7% | |
| Other: | 33.3% |
The following information represents the marital status of applicants from Monarch, Alberta using the preapproval application found at the CanEquity web site. 100% of the mortgage applicants are either married or living common-law, while only 0% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 100.0% |
