Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2007: | 50.00% | 0.00% |
| 2006: | 25.00% | 0.00% |
| 2004: | 25.00% | 0.00% |
| Location | Contribution | |
|---|---|---|
| 462: | SHALLOW LAKE, ON | 0.008% |
| 463: | WELLANDPORT, ON | 0.008% |
| 464: | NEW DUNDEE, ON | 0.008% |
| 465: | ATWOOD, ON | 0.008% |
| 466: | DEVLIN, ON | 0.008% |
| 467: | NEWBURGH, ON | 0.008% |
| 468: | CHAPUT HUGHES, ON | 0.008% |
| 469: | BONFIELD, ON | 0.008% |
| 470: | SCHUMACHER, ON | 0.008% |
| 471: | COMBER, ON | 0.008% |
| 472: | FIELD, ON | 0.008% |
| 1 | Napanee, Ontario |
| 2 | Bath, Ontario |
| 3 | Yarker, Ontario |
| 4 | Tamworth, Ontario |
| 5 | Deseronto, Ontario |
| 6 | Portland, Ontario |
| 7 | Westport, Ontario |
| 8 | Kemptville, Ontario |
| 9 | Wellington, Ontario |
| 10 | Sharbot Lake, Ontario |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Refinance: | 50.0% | |
| No Money Down: | 25.0% | |
| First-time Buyer: | 25.0% | |
| Total Application Types Found: 3 | ||
Average age: 34
Oldest age: 51
Youngest age: 24
The following figures show the average income of people living in Newburgh who have applied for a loan using the pre-approval application on the CanEquity Mortgage web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Newburgh: | $113,146.75 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $53,648.28 |
Since the average income of Newburgh is substantially higher than the 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 Newburgh: | $42,893.50 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($16,604.97) |
The chart and pie-graph below depicts the residential status of people living in Newburgh 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: | 25.0% | |
| Own: | 50.0% | |
| Live with parents: | 25.0% |
The following table and pie chart represents the marital status of applicants from Newburgh, Ontario using the mortgage preapproval application found at canequity.com. In Newburgh, over 75% of the mortgage applicants are living common-law or married, while only 25% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 50.0% | |
| Common-law: | 25.0% | |
| Single: | 25.0% |
