Last report update for King City: Wednesday, March 10, 2010
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King City Mortgage
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King City Mortgages

Ontario Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Online Mortgages from King City

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%

Note: ** Total national contribution of King City mortgages in the past is currently 0.03% with a projected target of 0.03%.

Current City Standing within Ontario


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%

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
25Terra Cotta, Ontario
26Markham, Ontario
27Downsview, Ontario
28Scarborough, Ontario
29Keswick, Ontario
30Kleinburg, Ontario
31Cheltenham, Ontario
32Sutton, Ontario
33Stayner, Ontario
34Elora, Ontario
35Angus, Ontario
36Thornhill, Ontario
37Mount Albert, Ontario
38Beeton, Ontario
39Alliston, Ontario
40Willowdale, Ontario
41Alton, Ontario
42Hillsburgh, Ontario
43Don Mills, Ontario
44East York, Ontario
45Pickering, Ontario
46North York, Ontario
47Grand Valley, Ontario
48Vaughan, Ontario
49Sandford, Ontario
50Brampton, Ontario
51Goodwood, Ontario
52Fergus, Ontario
53Stouffville, Ontario
54Claremont, Ontario
55Greenwood, Ontario
56Utopia, Ontario
57Willow Beach, Ontario
58Uxbridge, Ontario
59Georgetown, Ontario
60Toronto, Ontario
61Erin, Ontario
62Ajax, Ontario
63Ashburn, Ontario
64Creemore, Ontario
65York, Ontario
66Etobicoke, Ontario
67Arthur, Ontario
68New Lowell, Ontario
69Halton Hills, Ontario
70Rockwood, Ontario
71Hornby, Ontario
72Brooklin, Ontario
73Barrie, Ontario
74Shanty Bay, Ontario
75Moorefield, Ontario
76Gilford, Ontario
77Oshawa, Ontario
78Whitby, Ontario
79Acton, Ontario


Product Popularity for King City


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
 King City Mortgage Product Popularity Pie Chart

Age Demographics for King City Based Mortgages

Average age: 45
Oldest age: 63
Youngest age: 25


Incomes for King City Based Mortgages

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

Note: Commercial Mortgage loans were not included for this section, only residential loans amounts from King City, Ontario were used.

Residential Status for King City Mortgage Applicants

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%
King City Residential Status Pie Chart

Marital Statistics for King City Mortgage Applicants

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%
King City Marital Status Pie Chart