Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2008: | 8.33% | 0.00% |
| 2007: | 16.67% | 0.00% |
| 2006: | 16.67% | 0.00% |
| 2005: | 33.33% | 0.01% |
| 2003: | 25.00% | 0.01% |
| Location | Contribution | |
|---|---|---|
| 229: | WHEATLEY, ON | 0.025% |
| 230: | SOUTH RIVER, ON | 0.023% |
| 231: | ENGLEHART, ON | 0.023% |
| 232: | CALLANDER, ON | 0.023% |
| 233: | PORT STANLEY, ON | 0.023% |
| 234: | KING CITY, ON | 0.023% |
| 235: | EXETER, ON | 0.023% |
| 236: | SUNDERLAND, ON | 0.023% |
| 237: | BRIGHT'S GROVE, ON | 0.023% |
| 238: | PARKHILL, ON | 0.023% |
| 239: | CLINTON, ON | 0.023% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| First-time Buyer: | 33.3% | |
| Purchase: | 16.7% | |
| Qualification: | 16.7% | |
| Renewal: | 8.3% | |
| Refinance: | 8.3% | |
| No Money Down: | 8.3% | |
| Pre-approval: | 8.3% | |
| Total Application Types Found: 7 | ||
Average age: 45
Oldest age: 63
Youngest age: 25
The information below represents the average income of Canadians living in King City who have submitted an inquiry using the pre-approval application on the CanEquity Mortgage web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in King City: | $97,718.33 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $38,219.87 |
| mortgage co-applicants in King City: | $44,520.00 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | $2,116.87 |
Since the average income of King City is much higher than our national average, we have included the MEDIAN annual gross income for this area. 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 King City: | $73,000.00 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $13,501.53 |
The information shown below represents the residential status of people living in King City who have submitted an inquiry using CanEquity's online mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 33.3% | |
| Own: | 41.7% | |
| Live with parents: | 25.0% |
The following table and pie chart represents the marital status of applicants from King City, Ontario using the preapproval application located at canequity.com. In King City, 66% of the mortgage applicants are living common-law or married, while only 33% are not married or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 58.3% | |
| Single: | 25.0% | |
| Divorced: | 8.3% | |
| Common-law: | 8.3% |
