Last report update for New Hamburg: Sunday, March 14, 2010
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New Hamburg Mortgages

Ontario Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Mortgages Originating from New Hamburg

Year Year to Year
Comparison
** National
Contribution
2009: 45.45% 0.01%
2008: 18.18% 0.01%
2006: 18.18% 0.01%
2005: 18.18% 0.01%

Note: ** Total national contribution of New Hamburg mortgages in the past is currently 0.03% with a projected target of 0.03%.

Current City Standing within Ontario


Location Contribution
206:  TILBURY, ON 0.026%
207:  SOUTH RIVER, ON 0.026%
208:  CONCORD, ON 0.026%
209:  SMITHVILLE, ON 0.026%
210:  EXETER, ON 0.026%
211:  NEW HAMBURG, ON 0.026%
212:  HALIBURTON, ON 0.026%
213:  SOUTH PORCUPINE, ON 0.026%
214:  BEETON, ON 0.026%
215:  ATHENS, ON 0.026%
216:  IROQUOIS FALLS, ON 0.026%

Nearest Settlements


1Tavistock, Ontario
2Baden, Ontario
3Salem, Ontario
4Innerkip, Ontario
5Centre Wellington, Ontario
6Shakespeare, Ontario
7Stratford, Ontario
8St Marys, Ontario
9Bright, Ontario
10Granton, Ontario
11Lucan, Ontario
12Woodstock, Ontario
13Beachville, Ontario
14Thamesford, Ontario
15Norwich, Ontario
16Mitchell, Ontario
17Dorchester, Ontario
18Ingersoll, Ontario
19New Dundee, Ontario
20Ailsa Craig, Ontario
21London, Ontario
22Ilderton, Ontario
23Kitchener, Ontario
24Guelph, Ontario
25Windham Centre, Ontario
26Ayr, Ontario
27Milverton, Ontario
28Otterville, Ontario
29Mount Elgin, Ontario
30Exeter, Ontario
31Paris, Ontario
32Tillsonburg, Ontario
33Delhi, Ontario
34Belmont, Ontario
35Wellesley, Ontario
36Strathroy, Ontario
37Delaware, Ontario
38Courtland, Ontario
39Denfield, Ontario
40Scotland, Ontario
41Brownsville, Ontario
42Waterloo, Ontario
43Komoka, Ontario
44Mount Brydges, Ontario
45St Thomas, Ontario
46Langton, Ontario
47Melbourne, Ontario
48Simcoe, Ontario
49Milton, Ontario
50Waterford, Ontario
51Burford, Ontario
52Parkhill, Ontario
53Princeton, Ontario
54Troy, Ontario
55Straffordville, Ontario
56Aylmer, Ontario
57Crediton, Ontario
58Elmira, Ontario
59Watford, Ontario
60Cambridge, Ontario
61Port Rowan, Ontario
62Hensall, Ontario


Product Popularity for New Hamburg


Mortgage Application
Form Type
  Percentage
of Inquiries
Qualification: 54.5%
Renewal: 9.1%
Purchase: 9.1%
Investment: 9.1%
No Money Down: 9.1%
First-time Buyer: 9.1%
 
Total Application Types Found: 6
 New Hamburg Mortgage Product Popularity Pie Chart

Age Demographics for New Hamburg Mortgage Applicants

Average age: 39
Oldest age: 70
Youngest age: 24


Incomes for New Hamburg Mortgage Applicants

The amounts shown below represent the average income of people living in New Hamburg who have applied for a home loan using the online application located at the CanEquity web site.

Average annual gross income for
mortgage applicants in New Hamburg: $80,300.00
applicants within all of Canada: $58,581.24
Difference: $21,718.76
  
mortgage co-applicants in New Hamburg: $30,000.00
co-applicants within all of Canada: $41,209.57
Difference: ($11,209.57)

Since the average income of New Hamburg 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 New Hamburg: $71,300.00
applicants within all of Canada: $58,581.24
Difference: $12,718.76

Note: Commercial loan amounts were not included for this survey, only residential loans from New Hamburg, Ontario were used.

Residential Status for New Hamburg Based Mortgages

The information below represents the residential status of people living in New Hamburg who have applied for a mortgage loan using the online application located at the CanEquity web site.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 36.4%
Own: 63.6%
New Hamburg Residential Status Pie Chart

Marital Status for New Hamburg Based Mortgages

The following information represents the marital status of applicants from New Hamburg, Ontario using the online mortgage application found at the CanEquity web site. In New Hamburg, over 63% of the mortgage applicants are living common-law or married, while only 36% are not married or separated.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Common-law: 45.5%
Single: 36.4%
Married: 18.2%
New Hamburg Marital Status Pie Chart