Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 11.77% | 0.00% |
| 2010: | 29.41% | 0.01% |
| 2009: | 5.88% | 0.00% |
| 2008: | 5.88% | 0.00% |
| 2007: | 5.88% | 0.00% |
| 2006: | 5.88% | 0.00% |
| 2005: | 17.65% | 0.01% |
| 2004: | 5.88% | 0.00% |
| 2003: | 5.88% | 0.00% |
| 2002: | 5.88% | 0.00% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 20.94% |
| British Columbia: | 10.57% |
| Manitoba: | 2.06% |
| New Brunswick: | 2.43% |
| Newfoundland and Labrador: | 1.25% |
| Nova Scotia: | 3.28% |
| Northwest Territories: | 0.40% |
| Nunavut: | 0.10% |
| Ontario: | 48.07% |
| Prince Edward Island: | 0.53% |
| Quebec: | 3.97% |
| Saskatchewan: | 4.94% |
| Yukon Territories: | 0.41% |
| Location | Contribution | |
|---|---|---|
| 169: | LAKEFIELD, ON | 0.034% |
| 170: | MADOC, ON | 0.034% |
| 171: | OMEMEE, ON | 0.034% |
| 172: | COLDWATER, ON | 0.032% |
| 173: | MOUNT FOREST, ON | 0.032% |
| 174: | ELORA, ON | 0.032% |
| 175: | HAVELOCK, ON | 0.032% |
| 176: | MARMORA, ON | 0.032% |
| 177: | MINDEN, ON | 0.032% |
| 178: | DURHAM, ON | 0.032% |
| 179: | SPENCERVILLE, ON | 0.032% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Refinance: | 23.5% | |
| First-time Buyer: | 23.5% | |
| Renewal: | 11.8% | |
| Purchase: | 11.8% | |
| Commercial: | 11.8% | |
| Equity Mortgage: | 5.9% | |
| Qualification: | 5.9% | |
| No Money Down: | 5.9% | |
| Total Application Types Found: 8 | ||
Average age: 38
Oldest age: 56
Youngest age: 23
The amounts shown below represent the average income of people living in Elora who have submitted an inquiry using CanEquity's online mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Elora: | $84,888.36 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $25,389.89 |
| mortgage co-applicants in Elora: | $67,111.11 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | $24,707.98 |
Since the average income of Elora is substantially higher than the Canadian national average, we have included the MEDIAN annual gross income for this town. 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 Elora: | $43,250.00 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($16,248.47) |
The information shown below represents the residential status of people living in Elora who have applied for a loan using the pre-approval application on CanEquity's web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 23.5% | |
| Own: | 47.1% | |
| Other: | 5.9% | |
| No Comment: | 17.6% | |
| Live with parents: | 5.9% |
The following information represents the marital status of applicants from Elora, Ontario using the mortgage preapproval application found on the CanEquity Mortgage web site. In Elora, approximately 64% of the mortgage applicants are either married or living common-law, while only 35% are not married or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 58.8% | |
| Single: | 29.4% | |
| Divorced: | 5.9% | |
| Common-law: | 5.9% |
