Elora Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
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| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2008: | * 11.11% | * 0.00% |
| 2007: | 11.11% | 0.00% |
| 2006: | 11.11% | 0.00% |
| 2005: | 33.33% | 0.01% |
| 2004: | 11.11% | 0.00% |
| 2003: | 11.11% | 0.00% |
| 2002: | 11.11% | 0.00% |
| Location | Contribution | |
|---|---|---|
| 188: | ELMVALE, ON | 0.030% |
| 189: | BRIGHT'S GROVE, ON | 0.030% |
| 190: | COPPER CLIFF, ON | 0.030% |
| 191: | SOUTH PORCUPINE, ON | 0.030% |
| 192: | LISTOWEL, ON | 0.030% |
| 193: | ELORA, ON | 0.030% |
| 194: | LITTLE BRITAIN, ON | 0.030% |
| 195: | IROQUOIS FALLS, ON | 0.030% |
| 196: | FONTHILL, ON | 0.030% |
| 197: | CORUNNA, ON | 0.030% |
| 198: | WHEATLEY, ON | 0.030% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Refinance: | 22.2% | |
| Purchase: | 22.2% | |
| First-time Buyer: | 22.2% | |
| Renewal: | 11.1% | |
| Equity Mortgage: | 11.1% | |
| Qualification: | 11.1% | |
| Total Application Types Found: 6 | ||
Average age: 39
Oldest age: 56
Youngest age: 24
The amounts shown below represent the average income of Canadians living in Elora who have submitted an inquiry using the pre-approval application on CanEquity's web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Elora: | $107,703.63 |
| applicants within all of Canada: | $56,347.50 |
| Difference: | $51,356.13 |
| mortgage co-applicants in Elora: | $64,500.00 |
| co-applicants within all of Canada: | $39,330.70 |
| Difference: | $25,169.30 |
Since the average income of Elora is much higher than the 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: | $48,000.00 |
| applicants within all of Canada: | $56,347.50 |
| Difference: | ($8,347.50) |
The following table represents the residential status of people living in Elora who have submitted an inquiry using the CanEquity mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 22.2% | |
| Own: | 55.6% | |
| No Comment: | 11.1% | |
| Live with parents: | 11.1% |
The pie chart below represents the marital status of applicants from Elora, Ontario using the mortgage preapproval application found at canequity.com. In Elora, 77% of the mortgage applicants are living with someone, while only 22% are not married or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 66.7% | |
| Divorced: | 11.1% | |
| Common-law: | 11.1% | |
| Single: | 11.1% |
