Mount Hope Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
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| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2008: | * 25.00% | * 0.01% |
| 2007: | 12.50% | 0.00% |
| 2005: | 25.00% | 0.01% |
| 2004: | 12.50% | 0.00% |
| 2003: | 12.50% | 0.00% |
| 2002: | 12.50% | 0.00% |
| Location | Contribution | |
|---|---|---|
| 199: | POWASSAN, ON | 0.030% |
| 200: | HOLLAND LANDING, ON | 0.027% |
| 201: | AYR, ON | 0.027% |
| 202: | EMBRUN, ON | 0.027% |
| 203: | CARP, ON | 0.027% |
| 204: | MOUNT HOPE, ON | 0.027% |
| 205: | STAYNER, ON | 0.027% |
| 206: | DORCHESTER, ON | 0.027% |
| 207: | FOREST, ON | 0.027% |
| 208: | COBALT, ON | 0.027% |
| 209: | CAMPBELLVILLE, ON | 0.027% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Renewal: | 50.0% | |
| No Money Down: | 37.5% | |
| Refinance: | 12.5% | |
| Total Application Types Found: 3 | ||
Average age: 40
Oldest age: 56
Youngest age: 25
The figures below represent the average income of Canadians living in Mount Hope who have submitted an inquiry using the CanEquity mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Mount Hope: | $99,537.50 |
| applicants within all of Canada: | $56,347.50 |
| Difference: | $43,190.00 |
| mortgage co-applicants in Mount Hope: | $50,000.00 |
| co-applicants within all of Canada: | $39,330.70 |
| Difference: | $10,669.30 |
Since the average income of Mount Hope is much higher than the 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 Mount Hope: | $62,650.00 |
| applicants within all of Canada: | $56,347.50 |
| Difference: | $6,302.50 |
The chart and pie-graph below depicts the residential status of people living in Mount Hope who have submitted an inquiry using the online application located at the CanEquity web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 25.0% | |
| Own: | 62.5% | |
| Live with parents: | 12.5% |
The following information represents the marital status of applicants from Mount Hope, Ontario using the online mortgage application found on the CanEquity Mortgage web site. In Mount Hope, approximately 62% of the mortgage applicants are living common-law or married, while only 37% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 62.5% | |
| Single: | 25.0% | |
| Divorced: | 12.5% |
