Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2010: | * 21.43% | * 0.01% |
| 2009: | 14.29% | 0.00% |
| 2008: | 21.43% | 0.01% |
| 2007: | 7.14% | 0.00% |
| 2005: | 14.29% | 0.00% |
| 2004: | 7.14% | 0.00% |
| 2003: | 7.14% | 0.00% |
| 2002: | 7.14% | 0.00% |
| Location | Contribution | |
|---|---|---|
| 175: | FENELON FALLS, ON | 0.033% |
| 176: | MITCHELL, ON | 0.031% |
| 177: | EMBRUN, ON | 0.031% |
| 178: | RIDGEWAY, ON | 0.031% |
| 179: | WATERFORD, ON | 0.031% |
| 180: | MOUNT HOPE, ON | 0.031% |
| 181: | BOBCAYGEON, ON | 0.031% |
| 182: | MOUNT ALBERT, ON | 0.031% |
| 183: | ELORA, ON | 0.031% |
| 184: | GREELY, ON | 0.031% |
| 185: | MARMORA, ON | 0.031% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Renewal: | 28.6% | |
| No Money Down: | 28.6% | |
| Refinance: | 14.3% | |
| First-time Buyer: | 14.3% | |
| Purchase: | 7.1% | |
| Qualification: | 7.1% | |
| Total Application Types Found: 6 | ||
Average age: 41
Oldest age: 56
Youngest age: 22
The amounts below are the average income of Canadians living in Mount Hope who have submitted an inquiry using the online application located at the CanEquity web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Mount Hope: | $83,025.00 |
| applicants within all of Canada: | $58,945.88 |
| Difference: | $24,079.12 |
| mortgage co-applicants in Mount Hope: | $46,428.57 |
| co-applicants within all of Canada: | $41,522.27 |
| Difference: | $4,906.30 |
Since the average income of Mount Hope is substantially higher than the 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 Mount Hope: | $57,650.00 |
| applicants within all of Canada: | $58,945.88 |
| Difference: | ($1,295.88) |
The information below represents the residential status of people living in Mount Hope who have applied for a mortgage loan using the pre-approval application on CanEquity's web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 14.3% | |
| Own: | 64.3% | |
| Other: | 7.1% | |
| Live with parents: | 14.3% |
The following table and pie chart represents the marital status of applicants from Mount Hope, Ontario using the mortgage preapproval application found on canequity.com. Approximately 57% of the mortgage applicants are living with someone, while only 42% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 57.1% | |
| Single: | 21.4% | |
| Divorced: | 14.3% | |
| Separated: | 7.1% |
