Last report update for Niagara On the Lake: Sunday, March 14, 2010
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Niagara On the Lake Mortgage
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Niagara On the Lake Mortgages

Ontario Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Mortgage Applications from Niagara On the Lake

Year Year to Year
Comparison
** National
Contribution
2010: * 10.53% * 0.01%
2009: 15.79% 0.01%
2008: 5.26% 0.00%
2007: 10.53% 0.01%
2006: 15.79% 0.01%
2005: 21.05% 0.01%
2004: 21.05% 0.01%

Note: * These values are the percentages up to Sunday, March 14, 2010. Estimated volume targets for the entire 2010 year are 47.37% and 0.02% respectively. ** Total national contribution of Niagara On the Lake mortgages in the past is currently 0.04% with a projected target of 0.06%.

Ontario Mortgage Originations Compared to all other Provinces


Online Mortgage Origination
for the Province of
Percentage of
applications
Alberta: 21.11%
British Columbia: 10.88%
Manitoba: 2.10%
New Brunswick: 2.10%
Newfoundland and Labrador: 1.14%
Nova Scotia: 2.90%
Northwest Territories: 0.32%
Nunavut: 0.08%
Ontario 48.83%
Prince Edward Island: 0.44%
Quebec: 4.14%
Saskatchewan: 5.07%
Yukon Territories: 0.26%
Niagara On the Lake Mortgages

Current City Standing within Ontario


Location Contribution
133:  TOTTENHAM, ON 0.049%
134:  PERTH, ON 0.047%
135:  KIRKLAND LAKE, ON 0.047%
136:  PORT DOVER, ON 0.047%
137:  ST MARYS, ON 0.045%
138:  NIAGARA ON THE LAKE, ON 0.045%
139:  FRANKFORD, ON 0.045%
140:  BLENHEIM, ON 0.042%
141:  ELMIRA, ON 0.042%
142:  ALMONTE, ON 0.042%
143:  PENETANGUISHENE, ON 0.042%

Nearest Settlements


1Thorold, Ontario
2Welland, Ontario
3Ridgeville, Ontario
4Port Colborne, Ontario
5Stevensville, Ontario
6Fonthill, Ontario
7St Catharines, Ontario
8Crystal Beach, Ontario
9Fort Erie, Ontario
10Ridgeway, Ontario
11Niagara Falls, Ontario
12Fenwick, Ontario
13Wellandport, Ontario
14Lowbanks, Ontario
15Caistor Centre, Ontario
16Vineland, Ontario
17St Anns, Ontario
18Smithville, Ontario


Product Popularity for Niagara On the Lake


Mortgage Application
Form Type
  Percentage
of Inquiries
Qualification: 36.8%
No Money Down: 26.3%
Renewal: 10.5%
Refinance: 10.5%
Equity Mortgage: 5.3%
First-time Buyer: 5.3%
Second Mortgage: 5.3%
 
Total Application Types Found: 7
 Niagara On the Lake Mortgage Product Popularity Pie Chart

Age Demographics for Niagara On the Lake Originated Mortgages

Average age: 46
Oldest age: 64
Youngest age: 27


Incomes for Niagara On the Lake Originated Mortgages

The numbers below represent the average income of people living in Niagara On the Lake who have submitted an inquiry using the online application located at the CanEquity web site.

Average annual gross income for
mortgage applicants in Niagara On the Lake: $70,254.12
applicants within all of Canada: $58,581.24
Difference: $11,672.87
  
mortgage co-applicants in Niagara On the Lake: $42,625.00
co-applicants within all of Canada: $41,209.57
Difference: $1,415.43

Note: Commercial loan amounts were not included for this report, only residential mortgage loan amounts were used.

Residential Status for Niagara On the Lake Mortgages

The table and pie chart below represents the residential status of people living in Niagara On the Lake who have submitted a mortgage inquiry using CanEquity's preapproval application.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 26.3%
Own: 68.4%
Live with parents: 5.3%
Niagara On the Lake Residential Status Pie Chart

Marital Status for Niagara On the Lake Mortgages

The information below shows the marital status of applicants from Niagara On the Lake, Ontario using the preapproval application located at the CanEquity web site. Over 73% of the mortgage applicants are living with someone, while only 26% are not married or separated.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 68.4%
Single: 15.8%
Separated: 10.5%
Common-law: 5.3%
Niagara On the Lake Marital Status Pie Chart