Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2010: | 50.00% | 0.00% |
| 2008: | 25.00% | 0.00% |
| 2007: | 25.00% | 0.00% |
| Location | Contribution | |
|---|---|---|
| 494: | BELMONT, ON | 0.008% |
| 495: | SKEAD, ON | 0.008% |
| 496: | MANITOWANING, ON | 0.008% |
| 497: | RIDGEVILLE, ON | 0.008% |
| 498: | BRAESIDE, ON | 0.008% |
| 499: | RAVENNA, ON | 0.008% |
| 500: | WEBBWOOD, ON | 0.008% |
| 501: | MANSFIELD, ON | 0.008% |
| 502: | BAINSVILLE, ON | 0.008% |
| 503: | HENSALL, ON | 0.008% |
| 504: | GOODWOOD, ON | 0.008% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Renewal: | 25.0% | |
| Purchase: | 25.0% | |
| Qualification: | 25.0% | |
| First-time Buyer: | 25.0% | |
| Total Application Types Found: 4 | ||
Average age: 39
Oldest age: 51
Youngest age: 28
The following figures show the average income of applicants living in Ravenna who have applied for a mortgage loan using the CanEquity mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Ravenna: | $104,000.00 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $44,501.53 |
Since the average income of Ravenna is substantially higher than our Canadian 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 Ravenna: | $63,000.00 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $3,501.53 |
The information below represents the residential status of people living in Ravenna who have applied for a loan using the pre-approval application on the CanEquity Mortgage web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Own: | 50.0% | |
| Live with parents: | 50.0% |
The information below shows the marital status of applicants from Ravenna, Ontario using the mortgage preapproval application found at the CanEquity web site. In Ravenna, approximately 50% of the mortgage applicants are either married or living common-law, while only 50% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Single: | 50.0% | |
| Married: | 50.0% |
