Mount Hope Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2009: | 18.18% | 0.01% |
| 2008: | 27.27% | 0.01% |
| 2007: | 9.09% | 0.00% |
| 2005: | 18.18% | 0.01% |
| 2004: | 9.09% | 0.00% |
| 2003: | 9.09% | 0.00% |
| 2002: | 9.09% | 0.00% |
| Location | Contribution | |
|---|---|---|
| 203: | VAL CARON, ON | 0.029% |
| 204: | KEEWATIN, ON | 0.026% |
| 205: | TILBURY, ON | 0.026% |
| 206: | CONCORD, ON | 0.026% |
| 207: | EXETER, ON | 0.026% |
| 208: | MOUNT HOPE, ON | 0.026% |
| 209: | NEW HAMBURG, ON | 0.026% |
| 210: | HALIBURTON, ON | 0.026% |
| 211: | SOUTH PORCUPINE, ON | 0.026% |
| 212: | BEETON, ON | 0.026% |
| 213: | ATHENS, ON | 0.026% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Renewal: | 36.4% | |
| No Money Down: | 36.4% | |
| Purchase: | 9.1% | |
| Refinance: | 9.1% | |
| First-time Buyer: | 9.1% | |
| Total Application Types Found: 5 | ||
Average age: 40
Oldest age: 56
Youngest age: 22
The amounts shown below represent the average income of people living in Mount Hope who have submitted a mortgage inquiry using CanEquity's pre-approval application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Mount Hope: | $88,300.00 |
| applicants within all of Canada: | $58,448.42 |
| Difference: | $29,851.58 |
| mortgage co-applicants in Mount Hope: | $50,000.00 |
| co-applicants within all of Canada: | $41,110.46 |
| Difference: | $8,889.54 |
Since the average income of Mount Hope is notability higher than the Canadian national average, we have included the MEDIAN annual gross income for this town. 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: | $60,000.00 |
| applicants within all of Canada: | $58,448.42 |
| Difference: | $1,551.58 |
The information below represents the residential status of people living in Mount Hope who have applied for a home loan using the CanEquity mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 18.2% | |
| Own: | 54.5% | |
| Other: | 9.1% | |
| Live with parents: | 18.2% |
The following pie chart represents the marital status of applicants from Mount Hope, Ontario using the mortgage application found on the CanEquity Mortgage web site. Over 54% of the mortgage applicants are living common-law or married, while only 45% are not living with someone.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 54.5% | |
| Single: | 27.3% | |
| Divorced: | 9.1% | |
| Separated: | 9.1% |
