Last report update for Elliot Lake: Tuesday, May 13, 2008
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Elliot Lake Mortgage
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Blind River
Gore Bay

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Elliot Lake Mortgages

Ontario Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Mortgage Inquiries from Elliot Lake

Year Year to Year
Comparison
** National
Contribution
2007: 28.57% 0.01%
2006: 21.43% 0.01%
2005: 7.14% 0.00%
2004: 14.29% 0.01%
2003: 21.43% 0.01%
2002: 7.14% 0.00%

Note: ** Total national contribution of Elliot Lake mortgages in the past is currently 0.05% with a projected target of 0.05%.

Current City Standing within Ontario


Location Contribution
129:  ARNPRIOR, ON 0.050%
130:  UNIONVILLE, ON 0.050%
131:  PRESCOTT, ON 0.050%
132:  PICTON, ON 0.046%
133:  ELMIRA, ON 0.046%
134:  ELLIOT LAKE, ON 0.046%
135:  NEWCASTLE, ON 0.046%
136:  ANGUS, ON 0.043%
137:  DELHI, ON 0.043%
138:  ROCKLAND, ON 0.043%
139:  BLENHEIM, ON 0.043%

Nearest Settlements


1Blind River, Ontario
2Gore Bay, Ontario


Product Popularity for Elliot Lake


Mortgage Application
Form Type
  Percentage
of Inquiries
First-time Buyer: 42.9%
Refinance: 14.3%
Variable Rate: 14.3%
Renewal: 7.1%
Qualification: 7.1%
No Money Down: 7.1%
Pre-approval: 7.1%
 
Total Application Types Found: 7
 Elliot Lake Mortgage Product Popularity Pie Chart

Age Demographics for Elliot Lake Mortgages

Average age: 41
Oldest age: 70
Youngest age: 19


Incomes for Elliot Lake Mortgages

The following figures show the average income of Canadians living in Elliot Lake who have applied for a mortgage loan using the online application located at the CanEquity web site.

Average annual gross income for
mortgage applicants in Elliot Lake: $68,105.62
applicants within all of Canada: $56,384.30
Difference: $11,721.32
  

Note: Commercial Mortgage loans were not included for this section, only residential mortgages from Elliot Lake, Ontario were used.

Residential Status for Elliot Lake Mortgage Applicants

The information below represents the residential status of people living in Elliot Lake who have submitted an inquiry using the pre-approval application on the CanEquity Mortgage web site.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 50.0%
Own: 35.7%
No Comment: 7.1%
Live with parents: 7.1%
Elliot Lake Residential Status Pie Chart

Marital Stats for Elliot Lake Mortgage Applicants

The information below shows the marital status of applicants from Elliot Lake, Ontario using the preapproval application located at canequity.com. Over 71% of the mortgage applicants are either married or living common-law, while only 21% are not married or separated.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 64.3%
Single: 14.3%
Widowed: 7.1%
Separated: 7.1%
Common-law: 7.1%
Elliot Lake Marital Status Pie Chart