Erin Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
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| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2008: | * 16.67% | * 0.00% |
| 2007: | 16.67% | 0.00% |
| 2006: | 50.00% | 0.01% |
| 2005: | 16.67% | 0.00% |
| Location | Contribution | |
|---|---|---|
| 276: | MOUNT BRYDGES, ON | 0.019% |
| 277: | WEST LORNE, ON | 0.019% |
| 278: | COLBORNE, ON | 0.019% |
| 279: | RICHMOND, ON | 0.019% |
| 280: | PALMERSTON, ON | 0.019% |
| 281: | ERIN, ON | 0.019% |
| 282: | SCHOMBERG, ON | 0.019% |
| 283: | GLENCOE, ON | 0.019% |
| 284: | HASTINGS, ON | 0.019% |
| 285: | PORCUPINE, ON | 0.019% |
| 286: | MAIDSTONE, ON | 0.019% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Renewal: | 50.0% | |
| Refinance: | 16.7% | |
| Purchase: | 16.7% | |
| Commercial: | 16.7% | |
| Total Application Types Found: 4 | ||
Average age: 50
Oldest age: 61
Youngest age: 43
The information below represents the average income of applicants living in Erin who have submitted a mortgage inquiry using the CanEquity mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Erin: | $97,016.67 |
| applicants within all of Canada: | $56,539.94 |
| Difference: | $40,476.72 |
Since the average income of Erin is notability 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 Erin: | $88,750.00 |
| applicants within all of Canada: | $56,539.94 |
| Difference: | $32,210.06 |
The pie chart below shows the residential status of people living in Erin who have applied for a mortgage using the pre-approval application on the CanEquity Mortgage web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 16.7% | |
| Own: | 83.3% |
The pie chart below represents the marital status of applicants from Erin, Ontario using the mortgage preapproval application found at the CanEquity web site. Over 83% of the mortgage applicants are living together with someone, while only 16% are not married or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 83.3% | |
| Separated: | 16.7% |
