Last report update for Labrador City: Sunday, March 7, 2010
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Labrador City Mortgage
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Labrador City Mortgages

Newfoundland and Labrador Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Mortgages Received from Labrador City

Year Year to Year
Comparison
** National
Contribution
2009: 28.57% 0.01%
2008: 14.29% 0.00%
2006: 14.29% 0.00%
2005: 42.86% 0.01%

Note: ** Total national contribution of Labrador City mortgages in the past is currently 0.02% with a projected target of 0.02%.

Current City Standing within Newfoundland and Labrador


Location Contribution
005:  PARADISE, NL 0.038%
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 0.017%
010:  LABRADOR CITY, NL 0.017%
011:  TORBAY, NL 0.017%
012:  HOLYROOD, NL 0.014%
013:  DEER LAKE, NL 0.014%
014:  NORTH WEST RIVER, NL 0.012%
015:  LEWISPORTE, NL 0.012%

Product Popularity for Labrador City


Mortgage Application
Form Type
  Percentage
of Inquiries
No Money Down: 42.9%
Qualification: 28.6%
First-time Buyer: 28.6%
 
Total Application Types Found: 3
 Labrador City Mortgage Product Popularity Pie Chart

Age Demographics for Labrador City Originated Mortgages

Average age: 31
Oldest age: 39
Youngest age: 24


Incomes for Labrador City Originated Mortgages

The information below represents the average income of applicants living in Labrador City who have submitted an inquiry using the pre-approval application on CanEquity's web site.

Average annual gross income for
mortgage applicants in Labrador City: $53,000.00
applicants within all of Canada: $58,557.50
Difference: ($5,557.50)
  

Note: Commercial Mortgage loans were not included for this survey, only home loans from Labrador City, Newfoundland and Labrador were used.

Residential Status for Labrador City Mortgages

The following table represents the residential status of people living in Labrador City who have submitted a mortgage inquiry using CanEquity's online mortgage application.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 57.1%
Own: 28.6%
Other: 14.3%
Labrador City Residential Status Pie Chart

Marital Statistics for Labrador City Mortgages

The information below shows the marital status of applicants from Labrador City, Newfoundland and Labrador using the mortgage application found on the CanEquity Mortgage web site. In Labrador City, approximately 85% of the mortgage applicants are living together with someone, while only 14% are not living with someone.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 57.1%
Common-law: 28.6%
Single: 14.3%
Labrador City Marital Status Pie Chart