Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 25.00% | 0.00% |
| 2010: | 25.00% | 0.00% |
| 2007: | 25.00% | 0.00% |
| 2006: | 25.00% | 0.00% |
| Location | Contribution | |
|---|---|---|
| 456: | BRECHIN, ON | 0.009% |
| 457: | PAISLEY, ON | 0.009% |
| 458: | MARKDALE, ON | 0.008% |
| 459: | LYN, ON | 0.008% |
| 460: | NESTLETON STATION, ON | 0.008% |
| 461: | NOVAR, ON | 0.008% |
| 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% |
| 1 | Sprucedale, Ontario |
| 2 | Kearney, Ontario |
| 3 | Huntsville, Ontario |
| 4 | Port Sydney, Ontario |
| 5 | Burks Falls, Ontario |
| 6 | Dorset, Ontario |
| 7 | South River, Ontario |
| 8 | Bracebridge, Ontario |
| 9 | Port Carling, Ontario |
| 10 | Rosseau, Ontario |
| 11 | Parry Sound, Ontario |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Refinance: | 75.0% | |
| Low Doc: | 25.0% | |
| Total Application Types Found: 2 | ||
Average age: 49
Oldest age: 50
Youngest age: 48
The amounts shown below represent the average income of people living in Novar who have submitted an inquiry using the pre-approval application on CanEquity's web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Novar: | $180,000.00 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $120,501.53 |
Since the average income of Novar is notability higher than the Canadian 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 Novar: | $182,500.00 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $123,001.53 |
The following table represents the residential status of people living in Novar who have submitted an 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 Novar, Ontario using the mortgage preapproval application located at the CanEquity web site. Over 50% of the mortgage applicants are either married or living common-law, while only 50% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Common-law: | 50.0% | |
| Separated: | 50.0% |
