Red Lake Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2009: | 14.29% | 0.00% |
| 2008: | 28.57% | 0.01% |
| 2007: | 14.29% | 0.00% |
| 2005: | 42.86% | 0.01% |
| Location | Contribution | |
|---|---|---|
| 295: | ELMWOOD, ON | 0.016% |
| 296: | MOOSONEE, ON | 0.016% |
| 297: | WAHNAPITAE, ON | 0.016% |
| 298: | BADEN, ON | 0.016% |
| 299: | ATIKOKAN, ON | 0.016% |
| 300: | RED LAKE, ON | 0.016% |
| 301: | BOTHWELL, ON | 0.016% |
| 302: | BINBROOK, ON | 0.016% |
| 303: | NORTH GOWER, ON | 0.016% |
| 304: | VANIER, ON | 0.016% |
| 305: | JACKSONS POINT, ON | 0.016% |
| 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 | ||
Average age: 34
Oldest age: 52
Youngest age: 22
The amounts shown below represent the average income of Canadians living in Red Lake who have applied for a loan using the online application located at the CanEquity web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Red Lake: | $108,666.67 |
| applicants within all of Canada: | $58,592.40 |
| Difference: | $50,074.26 |
Since the average income of Red Lake is much higher than the Canadian national average, we have included the MEDIAN annual gross income for this area. 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: | $58,592.40 |
| Difference: | $6,407.60 |
The information shown 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% |
The information below shows the marital status of applicants from Red Lake, Ontario using the mortgage preapproval 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% |
