King City Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
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| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2007: | 18.18% | 0.01% |
| 2006: | 18.18% | 0.01% |
| 2005: | 36.36% | 0.01% |
| 2003: | 27.27% | 0.01% |
| Location | Contribution | |
|---|---|---|
| 153: | FORT FRANCES, ON | 0.040% |
| 154: | YORK, ON | 0.040% |
| 155: | HAVELOCK, ON | 0.040% |
| 156: | PORT DOVER, ON | 0.040% |
| 157: | MITCHELL, ON | 0.036% |
| 158: | KING CITY, ON | 0.036% |
| 159: | SIOUX LOOKOUT, ON | 0.036% |
| 160: | MEAFORD, ON | 0.036% |
| 161: | ST GEORGE BRANT, ON | 0.036% |
| 162: | MARMORA, ON | 0.036% |
| 163: | WIARTON, ON | 0.036% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| First-time Buyer: | 36.4% | |
| Purchase: | 18.2% | |
| Renewal: | 9.1% | |
| Refinance: | 9.1% | |
| Qualification: | 9.1% | |
| No Money Down: | 9.1% | |
| Pre-approval: | 9.1% | |
| Total Application Types Found: 7 | ||
Average age: 44
Oldest age: 63
Youngest age: 25
The amounts shown below represent the average income of applicants living in King City who have applied for a mortgage loan using the pre-approval application on the CanEquity Mortgage web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in King City: | $98,783.64 |
| applicants within all of Canada: | $56,384.30 |
| Difference: | $42,399.34 |
| mortgage co-applicants in King City: | $44,520.00 |
| co-applicants within all of Canada: | $39,375.53 |
| Difference: | $5,144.47 |
Since the average income of King City 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 King City: | $60,000.00 |
| applicants within all of Canada: | $56,384.30 |
| Difference: | $3,615.70 |
The chart and pie-graph below depicts the residential status of people living in King City who have submitted a mortgage inquiry using the pre-approval application on CanEquity's web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 27.3% | |
| Own: | 45.5% | |
| Live with parents: | 27.3% |
The following pie chart represents the marital status of applicants from King City, Ontario using the mortgage preapproval application found on canequity.com. In King City, over 63% of the mortgage applicants are living with someone, while only 36% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 54.5% | |
| Single: | 27.3% | |
| Divorced: | 9.1% | |
| Common-law: | 9.1% |
