Erin Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2009: | 30.00% | 0.01% |
| 2008: | 20.00% | 0.01% |
| 2007: | 10.00% | 0.00% |
| 2006: | 30.00% | 0.01% |
| 2005: | 10.00% | 0.00% |
| Location | Contribution | |
|---|---|---|
| 227: | DRYDEN, ON | 0.023% |
| 228: | WATFORD, ON | 0.023% |
| 229: | PALGRAVE, ON | 0.023% |
| 230: | WESTPORT, ON | 0.023% |
| 231: | COLBORNE, ON | 0.023% |
| 232: | ERIN, ON | 0.023% |
| 233: | SCHOMBERG, ON | 0.023% |
| 234: | CLINTON, ON | 0.023% |
| 235: | SELKIRK, ON | 0.023% |
| 236: | BLIND RIVER, ON | 0.023% |
| 237: | SPENCERVILLE, ON | 0.023% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Renewal: | 40.0% | |
| Refinance: | 20.0% | |
| First-time Buyer: | 20.0% | |
| Purchase: | 10.0% | |
| Commercial: | 10.0% | |
| Total Application Types Found: 5 | ||
Average age: 43
Oldest age: 61
Youngest age: 22
The numbers below represent the average income of Canadians living in Erin who have submitted an inquiry using the online application located at the CanEquity web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Erin: | $79,710.00 |
| applicants within all of Canada: | $58,582.39 |
| Difference: | $21,127.61 |
Since the average income of Erin is much higher than the 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 Erin: | $76,250.00 |
| applicants within all of Canada: | $58,582.39 |
| Difference: | $17,667.61 |
The pie chart below shows the residential status of people living in Erin who have applied for a mortgage loan using the pre-approval application on the CanEquity Mortgage web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 30.0% | |
| Own: | 60.0% | |
| Other: | 10.0% |
The pie chart below represents the marital status of applicants from Erin, Ontario using the mortgage preapproval application found on the CanEquity Mortgage web site. Over 80% of the mortgage applicants are living together with someone, while only 20% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 70.0% | |
| Common-law: | 10.0% | |
| Separated: | 10.0% | |
| Single: | 10.0% |
