Mount Hope Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2010: | * 8.33% | * 0.00% |
| 2009: | 16.67% | 0.01% |
| 2008: | 25.00% | 0.01% |
| 2007: | 8.33% | 0.00% |
| 2005: | 16.67% | 0.01% |
| 2004: | 8.33% | 0.00% |
| 2003: | 8.33% | 0.00% |
| 2002: | 8.33% | 0.00% |
| Location | Contribution | |
|---|---|---|
| 185: | MARMORA, ON | 0.031% |
| 186: | WIARTON, ON | 0.031% |
| 187: | SHELBURNE, ON | 0.031% |
| 188: | HASTINGS, ON | 0.031% |
| 189: | KING CITY, ON | 0.028% |
| 190: | MOUNT HOPE, ON | 0.028% |
| 191: | STAYNER, ON | 0.028% |
| 192: | BRIGHT'S GROVE, ON | 0.028% |
| 193: | CAMPBELLVILLE, ON | 0.028% |
| 194: | CASSELMAN, ON | 0.028% |
| 195: | RIDGETOWN, ON | 0.028% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Renewal: | 33.3% | |
| No Money Down: | 33.3% | |
| Refinance: | 16.7% | |
| Purchase: | 8.3% | |
| First-time Buyer: | 8.3% | |
| Total Application Types Found: 5 | ||
Average age: 39
Oldest age: 56
Youngest age: 22
The information below represents the average income of applicants living in Mount Hope who have submitted an inquiry using the pre-approval application on CanEquity's web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Mount Hope: | $88,300.00 |
| applicants within all of Canada: | $58,581.24 |
| Difference: | $29,718.76 |
| mortgage co-applicants in Mount Hope: | $46,428.57 |
| co-applicants within all of Canada: | $41,209.57 |
| Difference: | $5,219.00 |
Since the average income of Mount Hope is notability higher than our Canadian national average, we have included the MEDIAN annual gross income for this location. 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: | $58,581.24 |
| Difference: | $1,418.76 |
The following depicts the residential status of people living in Mount Hope who have applied for a home loan using the online application located at the CanEquity web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 16.7% | |
| Own: | 58.3% | |
| Other: | 8.3% | |
| Live with parents: | 16.7% |
The information below shows the marital status of applicants from Mount Hope, Ontario using the mortgage application found on canequity.com. Approximately 50% of the mortgage applicants are living together with someone, while only 50% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 50.0% | |
| Single: | 25.0% | |
| Divorced: | 16.7% | |
| Separated: | 8.3% |
