Bayfield Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2009: | 33.33% | 0.01% |
| 2008: | 16.67% | 0.00% |
| 2006: | 33.33% | 0.01% |
| 2004: | 16.67% | 0.00% |
| Location | Contribution | |
|---|---|---|
| 332: | CUMBERLAND, ON | 0.014% |
| 333: | MAYNOOTH, ON | 0.014% |
| 334: | BLOOMFIELD, ON | 0.014% |
| 335: | ODESSA, ON | 0.014% |
| 336: | NORWOOD, ON | 0.014% |
| 337: | BAYFIELD, ON | 0.014% |
| 338: | BURKS FALLS, ON | 0.014% |
| 339: | HILLSBURGH, ON | 0.014% |
| 340: | CAPREOL, ON | 0.014% |
| 341: | THEDFORD, ON | 0.014% |
| 342: | PALMERSTON, ON | 0.014% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 33.3% | |
| First-time Buyer: | 33.3% | |
| Refinance: | 16.7% | |
| No Money Down: | 16.7% | |
| Total Application Types Found: 4 | ||
Average age: 37
Oldest age: 57
Youngest age: 24
The figures below represent the average income of people living in Bayfield who have applied for a loan using the pre-approval application on the CanEquity Mortgage web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Bayfield: | $123,816.67 |
| applicants within all of Canada: | $58,592.40 |
| Difference: | $65,224.26 |
Since the average income of Bayfield is notability higher than our Canadian national average, we have included the MEDIAN annual gross income for this area. 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: | $43,450.00 |
| applicants within all of Canada: | $58,592.40 |
| Difference: | ($15,142.40) |
The pie chart below shows the residential status of people living in Bayfield who have applied for a mortgage using the pre-approval application on the CanEquity Mortgage web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 50.0% | |
| Own: | 50.0% |
The following information represents the marital status of applicants from Bayfield, Ontario using the mortgage application found at canequity.com. In Bayfield, 66% of the mortgage applicants are living together with someone, while only 16% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 50.0% | |
| Common-law: | 16.7% | |
| Widowed: | 16.7% | |
| Single: | 16.7% |
