Ontario Mortgage # 10896
Saskatchewan Mortgage # 311514
Real Estate Council of Alberta Authorized
BC Mortgage # X028126
- Last mortgage report update for Mount Hope: Wednesday, September 8, 2010   
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Related Links:
Ancaster
Binbrook
Caledonia
Cayuga
Copetown
Hamilton
Lynden
Ohsweken
St George Brant
Stoney Creek

Mount Hope Mortgages

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Yearly Volume Comparison for Applications from Mount Hope

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%

Note: * These values are the percentages up to Wednesday, September 8, 2010. Estimated volume targets for the entire 2010 year are 28.57% and 0.01% respectively. ** Total national contribution of Mount Hope mortgages in the past is currently 0.03% with a projected target of 0.03%.

Current City Standing within Ontario


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%

Nearest Settlements


1Stoney Creek, Ontario
2Caledonia, Ontario
3Cayuga, Ontario
4Ohsweken, Ontario
5Copetown, Ontario
6Ancaster, Ontario
7St George Brant, Ontario
8Hamilton, Ontario
9Lynden, Ontario
10Binbrook, Ontario
11St George, Ontario
12Hannon, Ontario
13Dundas, Ontario
14Brantford, Ontario
15Burlington, Ontario
16Simcoe, Ontario
17Waterford, Ontario
18Burford, Ontario
19Princeton, Ontario
20Selkirk, Ontario
21Waterdown, Ontario
22Millgrove, Ontario
23Jarvis, Ontario
24Port Dover, Ontario
25Hagersville, Ontario
26Freelton, Ontario
27Windham Centre, Ontario
28Ayr, Ontario
29St Williams, Ontario
30Mount Elgin, Ontario
31Paris, Ontario
32Beamsville, Ontario
33Troy, Ontario
34Delhi, Ontario
35Scotland, Ontario
36Cambridge, Ontario
37Port Rowan, Ontario
38Vittoria, Ontario
39Otterville, Ontario
40Carlisle, Ontario
41Tillsonburg, Ontario
42Dunnville, Ontario
43New Dundee, Ontario
44Grimsby, Ontario
45Kitchener, Ontario


Product Popularity for Mount Hope


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
 Mount Hope Mortgage Product Popularity Pie Chart

Age Demographics for Mount Hope Mortgage Applicants

Average age: 41
Oldest age: 56
Youngest age: 22


Incomes for Mount Hope Mortgage Applicants

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)

Note: Commercial Mortgages were not included for this section, only residential loans from Mount Hope, Ontario were used.

Residential Status for Mount Hope Applicants

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%
Mount Hope Residential Status Pie Chart

Marital Status for Mount Hope Applicants

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%
Mount Hope Marital Status Pie Chart