Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 22.22% | 0.00% |
| 2010: | 11.11% | 0.00% |
| 2009: | 22.22% | 0.00% |
| 2008: | 11.11% | 0.00% |
| 2006: | 22.22% | 0.00% |
| 2004: | 11.11% | 0.00% |
| Location | Contribution | |
|---|---|---|
| 290: | KILWORTHY, ON | 0.017% |
| 291: | ENNISMORE, ON | 0.017% |
| 292: | RUSSELL, ON | 0.017% |
| 293: | NORTH GOWER, ON | 0.017% |
| 294: | VANIER, ON | 0.017% |
| 295: | BAYFIELD, ON | 0.017% |
| 296: | WILLIAMSTOWN, ON | 0.017% |
| 297: | KINBURN, ON | 0.017% |
| 298: | BALTIMORE, ON | 0.017% |
| 299: | MOUNT BRYDGES, ON | 0.017% |
| 300: | WEST LORNE, ON | 0.017% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 44.4% | |
| No Money Down: | 22.2% | |
| First-time Buyer: | 22.2% | |
| Refinance: | 11.1% | |
| Total Application Types Found: 4 | ||
Average age: 37
Oldest age: 57
Youngest age: 24
The following depicts the average income of people living in Bayfield who have submitted a mortgage inquiry using CanEquity's pre-approval application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Bayfield: | $98,211.11 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $38,712.65 |
| mortgage co-applicants in Bayfield: | $17,625.00 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($24,778.13) |
Since the average income of Bayfield 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 Bayfield: | $43,500.00 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($15,998.47) |
The chart and pie-graph below depicts the residential status of people living in Bayfield who have applied for a mortgage using the online application located at the CanEquity web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 66.7% | |
| Own: | 33.3% |
The pie chart below represents the marital status of applicants from Bayfield, Ontario using the preapproval application found on the CanEquity Mortgage web site. 66% of the mortgage applicants are either married or living common-law, while only 22% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 55.6% | |
| Single: | 22.2% | |
| Common-law: | 11.1% | |
| Widowed: | 11.1% |
