Last report update for Durham: Friday, May 16, 2008
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Related Links:
Brockton
Cargill
Chepstow
Flesherton
Fordwich
Hanover
Listowel
Markdale
Neustadt
Walkerton

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Durham Mortgages

Ontario Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Applications from Durham

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%

Note: ** Total national contribution of Durham mortgages in the past is currently 0.03% with a projected target of 0.03%.

Current City Standing within Ontario


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%

Nearest Settlements


1Hanover, Ontario
2Markdale, Ontario
3Flesherton, Ontario
4Chepstow, Ontario
5Walkerton, Ontario
6Brockton, Ontario
7Neustadt, Ontario
8Cargill, Ontario
9Listowel, Ontario
10Fordwich, Ontario
11Meaford, Ontario
12Mildmay, Ontario
13Clifford, Ontario
14Mount Forest, Ontario
15Harriston, Ontario
16Shallow Lake, Ontario
17Owen Sound, Ontario
18Dundalk, Ontario
19Teeswater, Ontario
20Elmwood, Ontario
21Hepworth, Ontario
22Wiarton, Ontario
23Brussels, Ontario
24Wroxeter, Ontario
25Paisley, Ontario
26Millbank, Ontario
27Creemore, Ontario
28Auburn, Ontario
29Blyth, Ontario
30Arthur, Ontario
31Wingham, Ontario
32Desboro, Ontario
33Kincardine, Ontario
34Palmerston, Ontario


Product Popularity for Durham


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
 Durham Mortgage Product Popularity Pie Chart

Age Demographics for Durham Mortgage Applicants

Average age: 43
Oldest age: 67
Youngest age: 32


Incomes for Durham Mortgage Applicants

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)

Note: Commercial loans were not included for this survey, only home loans were used.

Residential Status for Durham Mortgage Applicants

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%
Durham Residential Status Pie Chart

Marital Statistics for Durham Mortgage Applicants

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%
Durham Marital Status Pie Chart