Last report update for Bedford: Saturday, June 27, 2009
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Bedford Mortgage
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Bedford Mortgages

Nova Scotia Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Mortgages Received from Bedford

Year Year to Year
Comparison
** National
Contribution
2008: 22.22% 0.01%
2007: 16.67% 0.01%
2006: 5.56% 0.00%
2005: 11.11% 0.01%
2004: 11.11% 0.01%
2003: 16.67% 0.01%
2002: 16.67% 0.01%

Note: ** Total national contribution of Bedford mortgages in the past is currently 0.05% with a projected target of 0.05%.

Nova Scotia Mortgage Originations Compared to all other Provinces


Online Mortgage Origination
for the Province of
Percentage of
applications
Alberta: 21.30%
British Columbia: 10.97%
Manitoba: 2.11%
New Brunswick: 2.03%
Newfoundland and Labrador: 1.12%
Nova Scotia 2.78%
Northwest Territories: 0.32%
Nunavut: 0.09%
Ontario: 49.00%
Prince Edward Island: 0.40%
Quebec: 3.87%
Saskatchewan: 5.19%
Yukon Territories: 0.22%
Bedford Mortgages

Current City Standing within Nova Scotia


Location Contribution
003:  SYDNEY, NS 0.138%
004:  LOWER SACKVILLE, NS 0.109%
005:  TRURO, NS 0.101%
006:  YARMOUTH, NS 0.090%
007:  GLACE BAY, NS 0.061%
008:  BEDFORD, NS 0.048%
009:  LIVERPOOL, NS 0.048%
010:  PICTOU, NS 0.045%
011:  EASTERN PASSAGE, NS 0.045%
012:  NEW WATERFORD, NS 0.040%
013:  NEW GLASGOW, NS 0.037%

Nearest Settlements


1Hammonds Plains, Nova Scotia
2Wellington, Nova Scotia
3Beaver Bank, Nova Scotia
4Lower Sackville, Nova Scotia
5Middle Sackville, Nova Scotia
6Wilmot, Nova Scotia
7Halifax, Nova Scotia
8Timberlea, Nova Scotia
9Shubenacadie, Nova Scotia
10Fall River, Nova Scotia
11Stillwater Lake, Nova Scotia
12Enfield, Nova Scotia
13Dartmouth, Nova Scotia
14Elmsdale, Nova Scotia
15Shearwater, Nova Scotia
16Hubbards, Nova Scotia
17Stewiacke, Nova Scotia
18Cow Bay, Nova Scotia
19Sackville, Nova Scotia
20Mount Uniacke, Nova Scotia
21Lantz, Nova Scotia
22Nine Mile River, Nova Scotia
23Williamswood, Nova Scotia
24Lake Echo, Nova Scotia
25Truro, Nova Scotia
26Prospect Bay, Nova Scotia
27Porters Lake, Nova Scotia
28Eastern Passage, Nova Scotia
29Upper Tantallon, Nova Scotia
30Mineville, Nova Scotia
31Seabright, Nova Scotia
32Chester, Nova Scotia
33Head Of Chezzetcook, Nova Scotia
34Musquodoboit Harbour, Nova Scotia
35Tantallon, Nova Scotia
36Hantsport, Nova Scotia
37Lawrencetown, Nova Scotia
38Windsor, Nova Scotia
39Ellershouse, Nova Scotia
40Wolfville, Nova Scotia
41Port Williams, Nova Scotia
42Mahone Bay, Nova Scotia
43Falmouth, Nova Scotia
44Debert, Nova Scotia


Product Popularity for Bedford


Mortgage Application
Form Type
  Percentage
of Inquiries
Renewal: 33.3%
Qualification: 22.2%
No Money Down: 16.7%
Refinance: 11.1%
Equity Mortgage: 5.6%
Purchase: 5.6%
Commercial: 5.6%
 
Total Application Types Found: 7
 Bedford Mortgage Product Popularity Pie Chart

Age Demographics for Bedford Mortgage Applicants

Average age: 37
Oldest age: 59
Youngest age: 25


Incomes for Bedford Mortgage Applicants

The following depicts the average income of Canadians living in Bedford who have applied for a mortgage loan using the CanEquity mortgage application.

Average annual gross income for
mortgage applicants in Bedford: $99,189.80
applicants within all of Canada: $57,859.84
Difference: $41,329.96
  
mortgage co-applicants in Bedford: $39,281.44
co-applicants within all of Canada: $40,716.04
Difference: ($1,434.60)

Since the average income of Bedford is much higher than the 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 Bedford: $70,012.00
applicants within all of Canada: $57,859.84
Difference: $12,152.16

Note: Commercial Mortgage loans were not included for this report, only home loans from Bedford, Nova Scotia were used.

Residential Status for Bedford Based Mortgages

The following depicts the residential status of people living in Bedford who have applied for a mortgage using CanEquity's online mortgage application.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 38.9%
Own: 55.6%
No Comment: 5.6%
Bedford Residential Status Pie Chart

Marital Statistics for Bedford Based Mortgages

The following pie chart represents the marital status of applicants from Bedford, Nova Scotia using the mortgage application found on canequity.com. Approximately 66% of the mortgage applicants are either married or living common-law, while only 27% are not living with someone.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 61.1%
Single: 27.8%
Common-law: 5.6%
Widowed: 5.6%
Bedford Marital Status Pie Chart