Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2010: | * 25.00% | * 0.00% |
| 2007: | 25.00% | 0.00% |
| 2006: | 25.00% | 0.00% |
| 2005: | 25.00% | 0.00% |
| Location | Contribution | |
|---|---|---|
| 436: | PORT LAMBTON, ON | 0.009% |
| 437: | CARGILL, ON | 0.009% |
| 438: | WOODLAWN, ON | 0.009% |
| 439: | IROQUOIS, ON | 0.009% |
| 440: | RIDGEVILLE, ON | 0.009% |
| 441: | NIPIGON, ON | 0.009% |
| 442: | PORT SYDNEY, ON | 0.009% |
| 443: | RAVENNA, ON | 0.009% |
| 444: | MANSFIELD, ON | 0.009% |
| 445: | CHESTERVILLE, ON | 0.009% |
| 446: | COURTLAND, ON | 0.009% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Refinance: | 75.0% | |
| Qualification: | 25.0% | |
| Total Application Types Found: 2 | ||
Average age: 50
Oldest age: 56
Youngest age: 45
The numbers below represent the average income of people living in Nipigon who have applied for a home loan using the pre-approval application on the CanEquity Mortgage web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Nipigon: | $83,092.00 |
| applicants within all of Canada: | $58,945.88 |
| Difference: | $24,146.12 |
Since the average income of Nipigon is much 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 Nipigon: | $76,434.00 |
| applicants within all of Canada: | $58,945.88 |
| Difference: | $17,488.12 |
The pie chart below shows the residential status of people living in Nipigon who have submitted a mortgage inquiry using the CanEquity mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Own: | 100.0% |
The following table and pie chart represents the marital status of applicants from Nipigon, Ontario using the mortgage preapproval application located at the CanEquity web site. In Nipigon, approximately 75% of the mortgage applicants are living common-law or married, while only 25% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 75.0% | |
| Separated: | 25.0% |
