Red Lake Mortgages

Ontario Mortgage Statistics, Graphs and Charts

Map of Red Lake requires Adobe Flash Player 7 or higher.

Yearly Volume Comparison for Online Applications from Red Lake

Year	Year to Year Comparison	** National Contribution
2009:	14.29%	0.00%
2008:	28.57%	0.00%
2007:	14.29%	0.00%
2005:	42.86%	0.01%

Note: ** Total national contribution of Red Lake mortgages in the past is currently 0.01% with a projected target of 0.01%.

Current City Standing within Ontario

	Location	Contribution
348:	NEW LISKEARD, ON	0.013%
349:	ELGIN, ON	0.013%
350:	CLIFFORD, ON	0.013%
351:	RUTHVEN, ON	0.013%
352:	CAMERON, ON	0.013%
353:	RED LAKE, ON	0.013%
354:	HAMMOND, ON	0.013%
355:	ALFRED, ON	0.013%
356:	CUMBERLAND, ON	0.013%
357:	PICKLE LAKE, ON	0.013%
358:	DUNSFORD, ON	0.013%

Nearest Settlements

1	Ear Falls, Ontario

Product Popularity for Red Lake

Mortgage Application Form Type		Percentage of Inquiries
First-time Buyer:		42.9%
Purchase:		28.6%
Renewal:		14.3%
Qualification:		14.3%

Total Application Types Found: 4

Red Lake Mortgage Product Popularity Pie Chart

Age Demographics for Red Lake Originated Mortgages

Average age: 34
Oldest age: 52
Youngest age: 22

Incomes for Red Lake Originated Mortgages

The amounts shown below represent the average income of Canadians living in Red Lake who have submitted an inquiry using the CanEquity mortgage application.

Average annual gross income for
mortgage applicants in Red Lake:	$108,666.67
applicants within all of Canada:	$59,498.47
Difference:	$49,168.20

Since the average income of Red Lake is much higher than the 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 Red Lake:	$65,000.00
applicants within all of Canada:	$59,498.47
Difference:	$5,501.53

Note: Commercial Mortgage loans were not included for this section, only residential loans from Red Lake, Ontario were used.

Residential Status for Red Lake Mortgage Applicants

The information below represents the residential status of people living in Red Lake who have applied for a loan using the CanEquity mortgage application.

Residential Status of Mortgage Applicant		Percentage of Inquiries
Rent:		57.1%
Own:		42.9%

Marital Statistics for Red Lake Mortgage Applicants

The information below shows the marital status of applicants from Red Lake, Ontario using the mortgage application found on the CanEquity Mortgage web site. 85% of the mortgage applicants are living together with someone, while only 14% are single or separated.

Marital Status of Mortgage Applicant		Percentage of Inquiries
Married:		57.1%
Common-law:		28.6%
Single:		14.3%