Last report update for Red Lake: Thursday, August 28, 2008
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Red Lake Mortgage
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Red Lake Mortgages

Ontario Mortgage Statistics, Graphs and Charts

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

Yearly Volume Comparison for Mortgages Originating from Red Lake

Year Year to Year
Comparison
** National
Contribution
2008: * 20.00% * 0.00%
2007: 20.00% 0.00%
2005: 60.00% 0.01%

Note: * These values are the percentages up to Thursday, August 28, 2008. Estimated volume targets for the entire 2008 year are 20.00% and 0.00% respectively. ** 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
312:  WAWA, ON 0.016%
313:  KEENE, ON 0.016%
314:  OXFORD MILLS, ON 0.016%
315:  MILLBROOK, ON 0.016%
316:  RUTHVEN, ON 0.016%
317:  RED LAKE, ON 0.016%
318:  JANETVILLE, ON 0.016%
319:  PICKLE LAKE, ON 0.016%
320:  DUNSFORD, ON 0.016%
321:  OSGOODE, ON 0.016%
322:  EVERETT, ON 0.016%

Nearest Settlements


1Ear Falls, Ontario


Product Popularity for Red Lake


Mortgage Application
Form Type
  Percentage
of Inquiries
First-time Buyer: 40.0%
Renewal: 20.0%
Purchase: 20.0%
Qualification: 20.0%
 
Total Application Types Found: 4
 Red Lake Mortgage Product Popularity Pie Chart

Age Demographics for Red Lake Mortgages

Average age: 33
Oldest age: 43
Youngest age: 25


Incomes for Red Lake Mortgages

The amounts shown below represent the average income of people living in Red Lake who have submitted a mortgage inquiry using CanEquity's pre-approval application.

Average annual gross income for
mortgage applicants in Red Lake: $113,400.00
applicants within all of Canada: $56,689.29
Difference: $56,710.71
  

Since the average income of Red Lake is notability 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 Red Lake: $60,000.00
applicants within all of Canada: $56,689.29
Difference: $3,310.71

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

Residential Status for Red Lake Based Mortgages

The table and pie chart below represents the residential status of people living in Red Lake who have submitted an inquiry using the CanEquity mortgage application.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 60.0%
Own: 40.0%
Red Lake Residential Status Pie Chart

Marital Status for Red Lake Based Mortgages

The following table and pie chart represents the marital status of applicants from Red Lake, Ontario using the mortgage preapproval application found on the CanEquity Mortgage web site. In Red Lake, approximately 100% of the mortgage applicants are living common-law or married, while only 0% are single or separated.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 60.0%
Common-law: 40.0%
Red Lake Marital Status Pie Chart