Elora Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2010: | * 16.67% | * 0.01% |
| 2009: | 8.33% | 0.00% |
| 2008: | 8.33% | 0.00% |
| 2007: | 8.33% | 0.00% |
| 2006: | 8.33% | 0.00% |
| 2005: | 25.00% | 0.01% |
| 2004: | 8.33% | 0.00% |
| 2003: | 8.33% | 0.00% |
| 2002: | 8.33% | 0.00% |
| Location | Contribution | |
|---|---|---|
| 196: | RIDGETOWN, ON | 0.028% |
| 197: | COPPER CLIFF, ON | 0.028% |
| 198: | ARTHUR, ON | 0.028% |
| 199: | MEAFORD, ON | 0.028% |
| 200: | BEAVERTON, ON | 0.028% |
| 201: | ELORA, ON | 0.028% |
| 202: | GARSON, ON | 0.028% |
| 203: | LITTLE BRITAIN, ON | 0.028% |
| 204: | SUTTON WEST, ON | 0.028% |
| 205: | VAL CARON, ON | 0.028% |
| 206: | KEEWATIN, ON | 0.026% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Refinance: | 33.3% | |
| First-time Buyer: | 25.0% | |
| Purchase: | 16.7% | |
| Renewal: | 8.3% | |
| Equity Mortgage: | 8.3% | |
| Qualification: | 8.3% | |
| Total Application Types Found: 6 | ||
Average age: 39
Oldest age: 56
Youngest age: 24
The information below represents the average income of Canadians living in Elora who have applied for a home loan using CanEquity's pre-approval application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Elora: | $91,602.64 |
| applicants within all of Canada: | $58,582.39 |
| Difference: | $33,020.25 |
| mortgage co-applicants in Elora: | $61,571.43 |
| co-applicants within all of Canada: | $41,225.82 |
| Difference: | $20,345.61 |
Since the average income of Elora is substantially higher than our national average, we have included the MEDIAN annual gross income for this location. 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: | $45,000.00 |
| applicants within all of Canada: | $58,582.39 |
| Difference: | ($13,582.39) |
The pie chart below shows the residential status of people living in Elora who have applied for a mortgage loan using the pre-approval application on CanEquity's web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 25.0% | |
| Own: | 58.3% | |
| No Comment: | 8.3% | |
| Live with parents: | 8.3% |
The following information represents the marital status of applicants from Elora, Ontario using the online mortgage application found on canequity.com. Over 75% of the mortgage applicants are either married or living common-law, while only 25% are not living with someone.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 66.7% | |
| Single: | 16.7% | |
| Divorced: | 8.3% | |
| Common-law: | 8.3% |
