Last report update for Port Elgin: Tuesday, May 13, 2008
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Port Elgin Mortgage
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Related Links:
Desboro
Hepworth
Kincardine
Lions Head
Owen Sound
Paisley
Ripley
Shallow Lake
Tiverton
Wiarton

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Port Elgin Mortgages

Ontario Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Mortgages from Port Elgin

Year Year to Year
Comparison
** National
Contribution
2008: * 5.26% * 0.00%
2007: 31.58% 0.02%
2006: 15.79% 0.01%
2005: 15.79% 0.01%
2004: 15.79% 0.01%
2003: 5.26% 0.00%
2002: 10.53% 0.01%

Note: * These values are the percentages up to Tuesday, May 13, 2008. Estimated volume targets for the entire 2008 year are 10.53% and 0.01% respectively. ** Total national contribution of Port Elgin mortgages in the past is currently 0.06% with a projected target of 0.07%.

Ontario Mortgage Originations Compared to all other Provinces


Online Mortgage Origination
for the Province of
Percentage of
applications
Alberta: 21.01%
British Columbia: 11.48%
Manitoba: 2.11%
New Brunswick: 2.02%
Newfoundland and Labrador: 1.14%
Nova Scotia: 2.78%
Northwest Territories: 0.30%
Nunavut: 0.08%
Ontario 48.62%
Prince Edward Island: 0.35%
Quebec: 3.80%
Saskatchewan: 5.59%
Yukon Territories: 0.21%
Port Elgin Mortgages

Current City Standing within Ontario


Location Contribution
101:  STITTSVILLE, ON 0.066%
102:  CALEDONIA, ON 0.066%
103:  RENFREW, ON 0.066%
104:  BRACEBRIDGE, ON 0.063%
105:  KENORA, ON 0.063%
106:  PORT ELGIN, ON 0.063%
107:  KEMPTVILLE, ON 0.060%
108:  NAPANEE, ON 0.060%
109:  BEAMSVILLE, ON 0.060%
110:  PEFFERLAW, ON 0.060%
111:  TOTTENHAM, ON 0.060%

Nearest Settlements


1Kincardine, Ontario
2Desboro, Ontario
3Lions Head, Ontario
4Tiverton, Ontario
5Hepworth, Ontario
6Wiarton, Ontario
7Paisley, Ontario
8Shallow Lake, Ontario
9Owen Sound, Ontario
10Ripley, Ontario
11Elmwood, Ontario
12Cargill, Ontario
13Chepstow, Ontario
14Walkerton, Ontario
15Brockton, Ontario
16Wingham, Ontario


Product Popularity for Port Elgin


Mortgage Application
Form Type
  Percentage
of Inquiries
Qualification: 15.8%
No Money Down: 15.8%
Commercial: 15.8%
First-time Buyer: 15.8%
Refinance: 15.8%
Investment: 10.5%
Renewal: 5.3%
Variable Rate: 5.3%
 
Total Application Types Found: 8
 Port Elgin Mortgage Product Popularity Pie Chart

Age Demographics for Port Elgin Based Mortgages

Average age: 39
Oldest age: 60
Youngest age: 24


Incomes for Port Elgin Based Mortgages

The figures below represent the average income of Canadians living in Port Elgin who have applied for a mortgage loan using CanEquity's online mortgage application.

Average annual gross income for
mortgage applicants in Port Elgin: $72,776.95
applicants within all of Canada: $56,384.30
Difference: $16,392.65
  
mortgage co-applicants in Port Elgin: $29,062.50
co-applicants within all of Canada: $39,375.53
Difference: ($10,313.03)

Note: Commercial loan amounts were not included for this section, only residential mortgage loan amounts from Port Elgin, Ontario were used.

Residential Status for Port Elgin Mortgages

The information below represents the residential status of people living in Port Elgin who have applied for a mortgage loan using CanEquity's preapproval application.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 21.1%
Own: 57.9%
Other: 5.3%
No Comment: 5.3%
Live with parents: 10.5%
Port Elgin Residential Status Pie Chart

Marital Status for Port Elgin Mortgages

The following table and pie chart represents the marital status of applicants from Port Elgin, Ontario using the mortgage application found on the CanEquity Mortgage web site. 47% of the mortgage applicants are living with someone, while only 52% are single, separated or divorced.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Single: 42.1%
Married: 26.3%
Common-law: 21.1%
Separated: 10.5%
Port Elgin Marital Status Pie Chart