Newburgh Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
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| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2007: | 50.00% | 0.01% |
| 2006: | 25.00% | 0.00% |
| 2004: | 25.00% | 0.00% |
| Location | Contribution | |
|---|---|---|
| 315: | ILDERTON, ON | 0.017% |
| 316: | GRAND VALLEY, ON | 0.017% |
| 317: | TROY, ON | 0.013% |
| 318: | COE HILL, ON | 0.013% |
| 319: | MILLGROVE, ON | 0.013% |
| 320: | NEWBURGH, ON | 0.013% |
| 321: | MERRICKVILLE, ON | 0.013% |
| 322: | HAILEYBURY, ON | 0.013% |
| 323: | THESSALON, ON | 0.013% |
| 324: | STEVENSVILLE, ON | 0.013% |
| 325: | CRYSTAL BEACH, ON | 0.013% |
| 1 | Napanee, Ontario |
| 2 | Bath, Ontario |
| 3 | Yarker, Ontario |
| 4 | Tamworth, Ontario |
| 5 | Deseronto, Ontario |
| 6 | Westport, Ontario |
| 7 | Kemptville, Ontario |
| 8 | Wellington, Ontario |
| 9 | 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 information below represents the average income of people living in Newburgh who have submitted an inquiry using CanEquity's pre-approval application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Newburgh: | $113,146.75 |
| applicants within all of Canada: | $56,384.30 |
| Difference: | $56,762.45 |
Since the average income of Newburgh is substantially higher than the 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 Newburgh: | $42,893.50 |
| applicants within all of Canada: | $56,384.30 |
| Difference: | ($13,490.80) |
The pie chart below shows the residential status of people living in Newburgh who have applied for a mortgage loan using CanEquity's online mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 25.0% | |
| Own: | 50.0% | |
| Live with parents: | 25.0% |
The following information represents the marital status of applicants from Newburgh, Ontario using the online mortgage application found at canequity.com. Over 75% of the mortgage applicants are living together with someone, while only 25% are not married or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 50.0% | |
| Common-law: | 25.0% | |
| Single: | 25.0% |
