Last report update for Mount Hope: Tuesday, May 6, 2008
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Related Links:
Ancaster
Binbrook
Caledonia
Cayuga
Copetown
Hamilton
Lynden
St George
St George Brant
Stoney Creek

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Mount Hope Mortgages

Ontario Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Mortgages Originating from Mount Hope

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%

Note: * These values are the percentages up to Tuesday, May 6, 2008. Estimated volume targets for the entire 2008 year are 62.50% and 0.02% respectively. ** Total national contribution of Mount Hope mortgages in the past is currently 0.03% with a projected target of 0.04%.

Current City Standing within Ontario


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%

Nearest Settlements


1Stoney Creek, Ontario
2Caledonia, Ontario
3Cayuga, Ontario
4Copetown, Ontario
5Ancaster, Ontario
6St George Brant, Ontario
7Hamilton, Ontario
8Lynden, Ontario
9Binbrook, Ontario
10St George, Ontario
11Dundas, Ontario
12Brantford, Ontario
13Burlington, Ontario
14Simcoe, Ontario
15Waterford, Ontario
16Burford, Ontario
17Princeton, Ontario
18Selkirk, Ontario
19Waterdown, Ontario
20Millgrove, Ontario
21Jarvis, Ontario
22Port Dover, Ontario
23Hagersville, Ontario
24Freelton, Ontario
25Ayr, Ontario
26St Williams, Ontario
27Paris, Ontario
28Beamsville, Ontario
29Delhi, Ontario
30Scotland, Ontario
31Cambridge, Ontario
32Port Rowan, Ontario
33Vittoria, Ontario
34Otterville, Ontario
35Tillsonburg, Ontario
36Dunnville, Ontario
37Grimsby, Ontario
38Kitchener, Ontario


Product Popularity for Mount Hope


Mortgage Application
Form Type
  Percentage
of Inquiries
Renewal: 50.0%
No Money Down: 37.5%
Refinance: 12.5%
 
Total Application Types Found: 3
 Mount Hope Mortgage Product Popularity Pie Chart

Age Demographics for Mount Hope Originated Mortgages

Average age: 40
Oldest age: 56
Youngest age: 25


Incomes for Mount Hope Originated Mortgages

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

Note: Commercial loans were not included for this survey, only home loans from Mount Hope, Ontario were used.

Residential Status for Mount Hope Mortgages

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%
Mount Hope Residential Status Pie Chart

Marital Statistics for Mount Hope Mortgages

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%
Mount Hope Marital Status Pie Chart