Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2010: | 18.75% | 0.01% |
| 2009: | 25.00% | 0.01% |
| 2008: | 18.75% | 0.01% |
| 2007: | 6.25% | 0.00% |
| 2006: | 12.50% | 0.00% |
| 2005: | 6.25% | 0.00% |
| 2003: | 6.25% | 0.00% |
| 2002: | 6.25% | 0.00% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 20.94% |
| British Columbia: | 10.57% |
| Manitoba: | 2.06% |
| New Brunswick: | 2.43% |
| Newfoundland and Labrador: | 1.25% |
| Nova Scotia: | 3.28% |
| Northwest Territories: | 0.40% |
| Nunavut: | 0.10% |
| Ontario: | 48.07% |
| Prince Edward Island: | 0.53% |
| Quebec: | 3.97% |
| Saskatchewan: | 4.94% |
| Yukon Territories: | 0.41% |
| Location | Contribution | |
|---|---|---|
| 183: | ELMVALE, ON | 0.030% |
| 184: | BOBCAYGEON, ON | 0.030% |
| 185: | COPPER CLIFF, ON | 0.030% |
| 186: | UNIONVILLE, ON | 0.030% |
| 187: | BEAVERTON, ON | 0.030% |
| 188: | ROCKWOOD, ON | 0.030% |
| 189: | MITCHELL, ON | 0.028% |
| 190: | EMBRUN, ON | 0.028% |
| 191: | PORT MCNICOLL, ON | 0.028% |
| 192: | HALIBURTON, ON | 0.028% |
| 193: | SOUTH PORCUPINE, ON | 0.028% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| First-time Buyer: | 31.3% | |
| Refinance: | 18.8% | |
| No Money Down: | 18.8% | |
| Purchase: | 12.5% | |
| Qualification: | 12.5% | |
| Renewal: | 6.3% | |
| Total Application Types Found: 6 | ||
Average age: 40
Oldest age: 59
Youngest age: 25
The figures below represent the average income of applicants living in Rockwood who have applied for a mortgage loan using the CanEquity mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Rockwood: | $84,210.00 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $24,711.53 |
| mortgage co-applicants in Rockwood: | $50,295.00 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | $7,891.87 |
Since the average income of Rockwood is substantially higher than our 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 Rockwood: | $55,000.00 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($4,498.47) |
The table and pie chart below represents the residential status of people living in Rockwood who have applied for a home loan using the pre-approval application on the CanEquity Mortgage web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 43.8% | |
| Own: | 31.3% | |
| Other: | 12.5% | |
| No Comment: | 6.3% | |
| Live with parents: | 6.3% |
The information below shows the marital status of applicants from Rockwood, Ontario using the mortgage application located at canequity.com. In Rockwood, 50% of the mortgage applicants are either married or living common-law, while only 50% are not living with someone.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 43.8% | |
| Single: | 25.0% | |
| Divorced: | 18.8% | |
| Separated: | 6.3% | |
| Common-law: | 6.3% |
