Last report update for Elliot Lake: Sunday, February 7, 2010
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Elliot Lake Mortgage
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Blind River
Gore Bay
Spanish
St Andrews


Elliot Lake Mortgages

Ontario Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Mortgages from Elliot Lake

Year Year to Year
Comparison
** National
Contribution
2009: 19.05% 0.01%
2008: 14.29% 0.01%
2007: 19.05% 0.01%
2006: 14.29% 0.01%
2005: 4.76% 0.00%
2004: 9.52% 0.01%
2003: 14.29% 0.01%
2002: 4.76% 0.00%

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

Peak Hours for Originated Mortgages within Elliot Lake

Applications are received 24 hours a day via our web site. The graph shown below represents the rush hours over a 24-hour period. The data is taken from all days of all years.


Time Period
(24 Hour)
Percentage
of Inquiries
07:00 to 07:59: 9.5%
08:00 to 08:59: 19.0%
09:00 to 09:59: 4.8%
10:00 to 10:59: 19.0%
11:00 to 11:59: 9.5%
12:00 to 12:59: 4.8%
14:00 to 14:59: 4.8%
15:00 to 15:59: 4.8%
17:00 to 17:59: 4.8%
19:00 to 19:59: 9.5%
21:00 to 21:59: 4.8%
23:00 to 23:59: 4.8%
Peak Hours Graph for Mortgages in Elliot Lake

Note: Only hours that have had mortgages from Elliot Lake, Ontario are shown.

Ontario Mortgage Originations Compared to all other Provinces


Online Mortgage Origination
for the Province of
Percentage of
applications
Alberta: 21.14%
British Columbia: 10.92%
Manitoba: 2.10%
New Brunswick: 2.10%
Newfoundland and Labrador: 1.14%
Nova Scotia: 2.89%
Northwest Territories: 0.31%
Nunavut: 0.09%
Ontario 48.84%
Prince Edward Island: 0.43%
Quebec: 4.05%
Saskatchewan: 5.08%
Yukon Territories: 0.25%
Elliot Lake Mortgages

Current City Standing within Ontario


Location Contribution
126:  KAPUSKASING, ON 0.053%
127:  KENORA, ON 0.053%
128:  PORT ELGIN, ON 0.053%
129:  GANANOQUE, ON 0.053%
130:  BANCROFT, ON 0.053%
131:  ELLIOT LAKE, ON 0.050%
132:  TOTTENHAM, ON 0.050%
133:  PERTH, ON 0.048%
134:  PICTON, ON 0.048%
135:  KIRKLAND LAKE, ON 0.048%
136:  ST MARYS, ON 0.046%

Nearest Settlements


1St Andrews, Ontario
2Blind River, Ontario
3Spanish, Ontario
4Gore Bay, Ontario


Product Popularity for Elliot Lake


Mortgage Application
Form Type
  Percentage
of Inquiries
First-time Buyer: 42.9%
Qualification: 14.3%
No Money Down: 9.5%
Refinance: 9.5%
Variable Rate: 9.5%
Pre-approval: 4.8%
Renewal: 4.8%
Purchase: 4.8%
 
Total Application Types Found: 8
 Elliot Lake Mortgage Product Popularity Pie Chart

Age Demographics for Elliot Lake Applicants

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


Incomes for Elliot Lake Applicants

The information below represents the average income of Canadians living in Elliot Lake who have applied for a mortgage loan using CanEquity's online mortgage application.

Average annual gross income for
mortgage applicants in Elliot Lake: $58,848.58
applicants within all of Canada: $58,448.42
Difference: $400.16
  
mortgage co-applicants in Elliot Lake: $32,912.60
co-applicants within all of Canada: $41,110.46
Difference: ($8,197.86)

Note: Commercial loan amounts were not included for this report, only home loans were used.

Residential Status for Elliot Lake Applicants

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

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 57.1%
Own: 33.3%
No Comment: 4.8%
Live with parents: 4.8%
Elliot Lake Residential Status Pie Chart

Marital Statistics for Elliot Lake Applicants

The pie chart below represents the marital status of applicants from Elliot Lake, Ontario using the mortgage application found at canequity.com. In Elliot Lake, over 76% of the mortgage applicants are either married or living common-law, while only 19% are single or separated.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 61.9%
Common-law: 14.3%
Single: 14.3%
Widowed: 4.8%
Separated: 4.8%
Elliot Lake Marital Status Pie Chart