Cardinal Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2010: | * 11.11% | * 0.00% |
| 2009: | 11.11% | 0.00% |
| 2008: | 22.22% | 0.01% |
| 2006: | 11.11% | 0.00% |
| 2005: | 22.22% | 0.01% |
| 2004: | 11.11% | 0.00% |
| 2002: | 11.11% | 0.00% |
| Location | Contribution | |
|---|---|---|
| 235: | SELKIRK, ON | 0.023% |
| 236: | BLIND RIVER, ON | 0.023% |
| 237: | SPENCERVILLE, ON | 0.023% |
| 238: | HOLLAND LANDING, ON | 0.021% |
| 239: | MALLORYTOWN, ON | 0.021% |
| 240: | CARDINAL, ON | 0.021% |
| 241: | ORONO, ON | 0.021% |
| 242: | PORT STANLEY, ON | 0.021% |
| 243: | HAWKESTONE, ON | 0.021% |
| 244: | KILWORTHY, ON | 0.021% |
| 245: | AMHERSTVIEW, ON | 0.021% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Refinance: | 33.3% | |
| No Money Down: | 33.3% | |
| Qualification: | 22.2% | |
| First-time Buyer: | 11.1% | |
| Total Application Types Found: 4 | ||
Average age: 40
Oldest age: 59
Youngest age: 22
The amounts below are the average income of applicants living in Cardinal who have applied for a mortgage loan using the pre-approval application on the CanEquity Mortgage web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Cardinal: | $78,907.38 |
| applicants within all of Canada: | $58,592.40 |
| Difference: | $20,314.97 |
| mortgage co-applicants in Cardinal: | $36,750.00 |
| co-applicants within all of Canada: | $41,278.89 |
| Difference: | ($4,528.89) |
Since the average income of Cardinal 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 Cardinal: | $33,500.00 |
| applicants within all of Canada: | $58,592.40 |
| Difference: | ($25,092.40) |
The following depicts the residential status of people living in Cardinal 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: | 44.4% | |
| Own: | 55.6% |
The information below shows the marital status of applicants from Cardinal, Ontario using the mortgage application located at canequity.com. Approximately 55% of the mortgage applicants are either married or living common-law, while only 44% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 44.4% | |
| Separated: | 22.2% | |
| Single: | 22.2% | |
| Common-law: | 11.1% |
