King City Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2008: | 8.33% | 0.00% |
| 2007: | 16.67% | 0.01% |
| 2006: | 16.67% | 0.01% |
| 2005: | 33.33% | 0.01% |
| 2003: | 25.00% | 0.01% |
| Location | Contribution | |
|---|---|---|
| 184: | GREELY, ON | 0.031% |
| 185: | MARMORA, ON | 0.031% |
| 186: | WIARTON, ON | 0.031% |
| 187: | SHELBURNE, ON | 0.031% |
| 188: | HASTINGS, ON | 0.031% |
| 189: | KING CITY, ON | 0.028% |
| 190: | MOUNT HOPE, ON | 0.028% |
| 191: | STAYNER, ON | 0.028% |
| 192: | BRIGHT'S GROVE, ON | 0.028% |
| 193: | CAMPBELLVILLE, ON | 0.028% |
| 194: | CASSELMAN, ON | 0.028% |
| 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 numbers below represent the average income of Canadians living in King City who have submitted an inquiry using CanEquity's pre-approval application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in King City: | $97,718.33 |
| applicants within all of Canada: | $58,582.76 |
| Difference: | $39,135.57 |
| mortgage co-applicants in King City: | $44,520.00 |
| co-applicants within all of Canada: | $41,205.53 |
| Difference: | $3,314.47 |
Since the average income of King City is notability higher than our Canadian 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: | $58,582.76 |
| Difference: | $14,417.24 |
The following table represents the residential status of people living in King City who have applied for a mortgage loan using CanEquity's preapproval application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 33.3% | |
| Own: | 41.7% | |
| Live with parents: | 25.0% |
The following information represents the marital status of applicants from King City, Ontario using the preapproval application found on the CanEquity Mortgage web site. In King City, approximately 66% of the mortgage applicants are living common-law or married, while only 33% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 58.3% | |
| Single: | 25.0% | |
| Divorced: | 8.3% | |
| Common-law: | 8.3% |
