Last report update for Essex: Sunday, March 14, 2010
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Essex Mortgages

Ontario Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Mortgages from Essex

Year Year to Year
Comparison
** National
Contribution
2010: * 6.25% * 0.00%
2009: 31.25% 0.01%
2007: 6.25% 0.00%
2006: 6.25% 0.00%
2005: 12.50% 0.01%
2004: 12.50% 0.01%
2003: 18.75% 0.01%
2002: 6.25% 0.00%

Note: * These values are the percentages up to Sunday, March 14, 2010. Estimated volume targets for the entire 2010 year are 25.00% and 0.01% respectively. ** Total national contribution of Essex mortgages in the past is currently 0.04% with a projected target of 0.04%.

Ontario Mortgage Originations Compared to all other Provinces


Online Mortgage Origination
for the Province of
Percentage of
applications
Alberta: 21.11%
British Columbia: 10.88%
Manitoba: 2.10%
New Brunswick: 2.10%
Newfoundland and Labrador: 1.14%
Nova Scotia: 2.90%
Northwest Territories: 0.32%
Nunavut: 0.08%
Ontario 48.83%
Prince Edward Island: 0.44%
Quebec: 4.14%
Saskatchewan: 5.07%
Yukon Territories: 0.26%
Essex Mortgages

Current City Standing within Ontario


Location Contribution
148:  CAMPBELLFORD, ON 0.038%
149:  DEEP RIVER, ON 0.038%
150:  KINCARDINE, ON 0.038%
151:  MADOC, ON 0.038%
152:  UNIONVILLE, ON 0.038%
153:  ESSEX, ON 0.038%
154:  YORK, ON 0.038%
155:  CAYUGA, ON 0.035%
156:  COLDWATER, ON 0.035%
157:  CHELMSFORD, ON 0.035%
158:  BORDEN, ON 0.035%

Nearest Settlements


1Tecumseh, Ontario
2Maidstone, Ontario
3Lasalle, Ontario
4Kingsville, Ontario
5Windsor, Ontario
6Mcgregor, Ontario
7South Woodslee, Ontario
8Emeryville, Ontario
9Amherstburg, Ontario
10Leamington, Ontario
11Ruthven, Ontario
12Harrow, Ontario
13Cottam, Ontario
14Belle River, Ontario
15Comber, Ontario
16Tilbury, Ontario
17Wheatley, Ontario
18Merlin, Ontario


Product Popularity for Essex


Mortgage Application
Form Type
  Percentage
of Inquiries
Qualification: 25.0%
No Money Down: 25.0%
Renewal: 12.5%
Refinance: 12.5%
First-time Buyer: 12.5%
Equity Mortgage: 6.3%
Purchase: 6.3%
 
Total Application Types Found: 7
 Essex Mortgage Product Popularity Pie Chart

Age Demographics for Essex Mortgage Applicants

Average age: 32
Oldest age: 55
Youngest age: 21


Incomes for Essex Mortgage Applicants

The amounts shown below represent the average income of people living in Essex who have submitted a mortgage inquiry using CanEquity's online mortgage application.

Average annual gross income for
mortgage applicants in Essex: $45,873.25
applicants within all of Canada: $58,581.24
Difference: ($12,707.99)
  
mortgage co-applicants in Essex: $38,336.43
co-applicants within all of Canada: $41,209.57
Difference: ($2,873.14)

Note: Commercial loan amounts were not included for this section, only residential mortgage loan amounts from Essex, Ontario were used.

Residential Status for Essex Mortgage Applicants

The following depicts the residential status of people living in Essex who have applied for a home loan using CanEquity's online mortgage application.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 56.3%
Own: 25.0%
Other: 6.3%
No Comment: 6.3%
Live with parents: 6.3%
Essex Residential Status Pie Chart

Marital Status for Essex Mortgage Applicants

The following table and pie chart represents the marital status of applicants from Essex, Ontario using the mortgage application located at canequity.com. Approximately 50% of the mortgage applicants are either married or living common-law, while only 50% are single or separated.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Single: 43.8%
Married: 37.5%
Common-law: 12.5%
Divorced: 6.3%
Essex Marital Status Pie Chart