Last report update for King City: Tuesday, May 13, 2008
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King City Mortgage
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Related Links:
Aurora
Bradford
Caledon
Cookstown
Gormley
Maple
Newmarket
Richmond Hill
Sharon
Tottenham

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King City Mortgages

Ontario Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Mortgages Originating from King City

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%

Note: ** Total national contribution of King City mortgages in the past is currently 0.04% with a projected target of 0.04%.

Current City Standing within Ontario


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%

Nearest Settlements


1Sharon, Ontario
2Newmarket, Ontario
3Gormley, Ontario
4Cookstown, Ontario
5Caledon, Ontario
6Tottenham, Ontario
7Bradford, Ontario
8Maple, Ontario
9Richmond Hill, Ontario
10Aurora, Ontario
11Shelburne, Ontario
12Bolton, Ontario
13Holland Landing, Ontario
14Unionville, Ontario
15Concord, Ontario
16Woodbridge, Ontario
17Everett, Ontario
18Schomberg, Ontario
19Palgrave, Ontario
20Borden, Ontario
21Orangeville, Ontario
22Badjeros, Ontario
23Lisle, Ontario
24Loretto, Ontario
25Markham, Ontario
26Downsview, Ontario
27Scarborough, Ontario
28Keswick, Ontario
29Kleinburg, Ontario
30Cheltenham, Ontario
31Sutton, Ontario
32Stayner, Ontario
33Elora, Ontario
34Angus, Ontario
35Thornhill, Ontario
36Mount Albert, Ontario
37Beeton, Ontario
38Alliston, Ontario
39Willowdale, Ontario
40Alton, Ontario
41Hillsburgh, Ontario
42Don Mills, Ontario
43East York, Ontario
44Pickering, Ontario
45North York, Ontario
46Grand Valley, Ontario
47Vaughan, Ontario
48Sandford, Ontario
49Brampton, Ontario
50Goodwood, Ontario
51Fergus, Ontario
52Stouffville, Ontario
53Claremont, Ontario
54Greenwood, Ontario
55Utopia, Ontario
56Willow Beach, Ontario
57Uxbridge, Ontario
58Georgetown, Ontario
59Toronto, Ontario
60Erin, Ontario
61Ajax, Ontario
62Ashburn, Ontario
63Creemore, Ontario
64York, Ontario
65Etobicoke, Ontario
66Arthur, Ontario
67New Lowell, Ontario
68Halton Hills, Ontario
69Rockwood, Ontario
70Brooklin, Ontario
71Barrie, Ontario
72Shanty Bay, Ontario
73Gilford, Ontario
74Oshawa, Ontario
75Whitby, Ontario
76Acton, Ontario


Product Popularity for King City


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
 King City Mortgage Product Popularity Pie Chart

Age Demographics for King City Mortgage Applicants

Average age: 44
Oldest age: 63
Youngest age: 25


Incomes for King City Mortgage Applicants

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

Note: Commercial loan amounts were not included for this report, only home loans from King City, Ontario were used.

Residential Status for King City Mortgage Applicants

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%
King City Residential Status Pie Chart

Marital Status for King City Mortgage Applicants

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%
King City Marital Status Pie Chart