Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2010: | 33.33% | 0.00% |
| 2007: | 33.33% | 0.00% |
| 2004: | 33.33% | 0.00% |
| Location | Contribution | |
|---|---|---|
| 577: | HAMPTON, ON | 0.006% |
| 578: | MONKTON, ON | 0.006% |
| 579: | HORNBY, ON | 0.006% |
| 580: | DEMORESTVILLE, ON | 0.006% |
| 581: | COPETOWN, ON | 0.006% |
| 582: | ELK LAKE, ON | 0.006% |
| 583: | BLACKSTOCK, ON | 0.006% |
| 584: | COMBERMERE, ON | 0.006% |
| 585: | STRAFFORDVILLE, ON | 0.006% |
| 586: | POINT EDWARD, ON | 0.006% |
| 587: | GARDEN RIVER, ON | 0.006% |
| 1 | Chaput Hughes, Ontario |
| 2 | Kirkland Lake, Ontario |
| 3 | Kenabeek, Ontario |
| 4 | Larder Lake, Ontario |
| 5 | Englehart, Ontario |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Renewal: | 33.3% | |
| Refinance: | 33.3% | |
| No Money Down: | 33.3% | |
| Total Application Types Found: 3 | ||
Average age: 39
Oldest age: 45
Youngest age: 33
The amounts shown below represent the average income of Canadians living in Elk Lake who have applied for a loan using the online application located at the CanEquity web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Elk Lake: | $92,500.00 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $33,001.53 |
Since the average income of Elk Lake is notability higher than the 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 Elk Lake: | $92,500.00 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $33,001.53 |
The following table represents the residential status of people living in Elk Lake 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: | 33.3% | |
| Own: | 66.7% |
The information below shows the marital status of applicants from Elk Lake, Ontario using the mortgage application found on canequity.com. Over 66% of the mortgage applicants are living with someone, while only 33% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 66.7% | |
| Single: | 33.3% |
