Durham Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
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| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2007: | 10.00% | 0.00% |
| 2006: | 40.00% | 0.01% |
| 2005: | 30.00% | 0.01% |
| 2003: | 20.00% | 0.01% |
| Location | Contribution | |
|---|---|---|
| 175: | LAKEFIELD, ON | 0.033% |
| 176: | ESSEX, ON | 0.033% |
| 177: | PALGRAVE, ON | 0.033% |
| 178: | BORDEN, ON | 0.033% |
| 179: | FENELON FALLS, ON | 0.033% |
| 180: | DURHAM, ON | 0.033% |
| 181: | KEEWATIN, ON | 0.030% |
| 182: | SOUTH RIVER, ON | 0.030% |
| 183: | CONCORD, ON | 0.030% |
| 184: | SMITHVILLE, ON | 0.030% |
| 185: | EXETER, ON | 0.030% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Refinance: | 30.0% | |
| No Money Down: | 20.0% | |
| First-time Buyer: | 20.0% | |
| Purchase: | 10.0% | |
| Qualification: | 10.0% | |
| Commercial: | 10.0% | |
| Total Application Types Found: 6 | ||
Average age: 43
Oldest age: 67
Youngest age: 32
The amounts below are the average income of people living in Durham who have applied for a loan using CanEquity's online mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Durham: | $85,623.78 |
| applicants within all of Canada: | $56,403.93 |
| Difference: | $29,219.85 |
| mortgage co-applicants in Durham: | $38,250.00 |
| co-applicants within all of Canada: | $39,395.85 |
| Difference: | ($1,145.85) |
Since the average income of Durham is much higher than the national average, we have included the MEDIAN annual gross income for this location. 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 Durham: | $32,000.00 |
| applicants within all of Canada: | $56,403.93 |
| Difference: | ($24,403.93) |
The table and pie chart below represents the residential status of people living in Durham who have applied for a mortgage loan using the pre-approval application on the CanEquity Mortgage web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 30.0% | |
| Own: | 70.0% |
The following pie chart represents the marital status of applicants from Durham, Ontario using the online mortgage application found on the CanEquity Mortgage web site. Over 80% of the mortgage applicants are either married or living common-law, while only 20% are not married or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 60.0% | |
| Common-law: | 20.0% | |
| Single: | 20.0% |
