Last report update for Gander: Sunday, March 21, 2010
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Gander Mortgage
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Bay Of Islands
Bishops Falls
Grand Falls-Windsor
Lewisporte


Gander Mortgages

Newfoundland and Labrador Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Mortgages Received from Gander

Year Year to Year
Comparison
** National
Contribution
2009: 6.67% 0.00%
2008: 33.33% 0.01%
2007: 26.67% 0.01%
2006: 20.00% 0.01%
2003: 6.67% 0.00%
2002: 6.67% 0.00%

Note: ** Total national contribution of Gander mortgages in the past is currently 0.03% with a projected target of 0.03%.

Newfoundland and Labrador Mortgage Originations Compared to all other Provinces


Online Mortgage Origination
for the Province of
Percentage of
applications
Alberta: 21.11%
British Columbia: 10.86%
Manitoba: 2.09%
New Brunswick: 2.11%
Newfoundland and Labrador 1.15%
Nova Scotia: 2.91%
Northwest Territories: 0.32%
Nunavut: 0.08%
Ontario: 48.83%
Prince Edward Island: 0.44%
Quebec: 4.15%
Saskatchewan: 5.06%
Yukon Territories: 0.26%
Gander Mortgages

Current City Standing within Newfoundland and Labrador


Location Contribution
003:  CORNER BROOK, NL 0.084%
004:  CONCEPTION BAY SOUTH, NL 0.045%
005:  PARADISE, NL 0.037%
006:  PORTUGAL COVE-ST PHILIPS, NL 0.035%
007:  GRAND FALLS-WINDSOR, NL 0.035%
008:  GANDER, NL 0.035%
009:  HAPPY VALLEY-GOOSE BAY, NL 0.016%
010:  LABRADOR CITY, NL 0.016%
011:  TORBAY, NL 0.016%
012:  HOLYROOD, NL 0.014%
013:  DEER LAKE, NL 0.014%

Nearest Settlements


1Lewisporte, Newfoundland and Labrador
2Bay Of Islands, Newfoundland and Labrador
3Bishops Falls, Newfoundland and Labrador
4Grand Falls-Windsor, Newfoundland and Labrador


Product Popularity for Gander


Mortgage Application
Form Type
  Percentage
of Inquiries
Refinance: 26.7%
First-time Buyer: 26.7%
Qualification: 20.0%
No Money Down: 20.0%
Pre-approval: 6.7%
 
Total Application Types Found: 5
 Gander Mortgage Product Popularity Pie Chart

Age Demographics for Gander Based Mortgages

Average age: 35
Oldest age: 57
Youngest age: 23


Incomes for Gander Based Mortgages

The following figures show the average income of people living in Gander who have applied for a home loan using the CanEquity mortgage application.

Average annual gross income for
mortgage applicants in Gander: $46,466.87
applicants within all of Canada: $58,592.40
Difference: ($12,125.54)
  
mortgage co-applicants in Gander: $21,875.00
co-applicants within all of Canada: $41,278.89
Difference: ($19,403.89)

Note: Commercial loans were not included for this report, only residential loans amounts from Gander, Newfoundland and Labrador were used.

Residential Status for Gander Mortgages

The information below represents the residential status of people living in Gander who have applied for a mortgage loan using CanEquity's online mortgage application.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 46.7%
Own: 33.3%
Other: 6.7%
No Comment: 13.3%
Gander Residential Status Pie Chart

Marital Status for Gander Mortgages

The following pie chart represents the marital status of applicants from Gander, Newfoundland and Labrador using the online mortgage application located at the CanEquity web site. 86% of the mortgage applicants are either married or living common-law, while only 13% are not married or separated.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 80.0%
Single: 13.3%
Common-law: 6.7%
Gander Marital Status Pie Chart