Last report update for Scotland: Wednesday, March 17, 2010
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Scotland Mortgages

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Yearly Volume Comparison for Online Applications from Scotland

Year Year to Year
Comparison
** National
Contribution
2009: 28.57% 0.01%
2008: 28.57% 0.01%
2005: 28.57% 0.01%
2004: 14.29% 0.00%

Note: ** Total national contribution of Scotland mortgages in the past is currently 0.02% with a projected target of 0.02%.

Current City Standing within Ontario


Location Contribution
306:  WILLIAMSTOWN, ON 0.016%
307:  HARRISTON, ON 0.016%
308:  LUCAN, ON 0.016%
309:  KINBURN, ON 0.016%
310:  MOUNT BRYDGES, ON 0.016%
311:  SCOTLAND, ON 0.016%
312:  MAIDSTONE, ON 0.016%
313:  SHARON, ON 0.014%
314:  HAILEYBURY, ON 0.014%
315:  BRIDGENORTH, ON 0.014%
316:  NORWICH, ON 0.014%

Nearest Settlements


1Mount Elgin, Ontario
2Burford, Ontario
3Windham Centre, Ontario
4Paris, Ontario
5Bright, Ontario
6Otterville, Ontario
7Waterford, Ontario
8Princeton, Ontario
9St George, Ontario
10Brantford, Ontario
11Woodstock, Ontario
12St George Brant, Ontario
13Tillsonburg, Ontario
14Delhi, Ontario
15Courtland, Ontario
16Brownsville, Ontario
17Norwich, Ontario
18Lynden, Ontario
19Aylmer, Ontario
20Millgrove, Ontario
21Jarvis, Ontario
22Port Rowan, Ontario
23Beachville, Ontario
24Baden, Ontario
25Copetown, Ontario
26Ayr, Ontario
27Langton, Ontario
28Innerkip, Ontario
29Simcoe, Ontario
30Waterdown, Ontario
31Straffordville, Ontario
32Ohsweken, Ontario
33Port Dover, Ontario
34Salem, Ontario
35Vittoria, Ontario
36St Williams, Ontario
37Burlington, Ontario
38Centre Wellington, Ontario
39Shakespeare, Ontario
40Troy, Ontario
41Mount Hope, Ontario
42Ingersoll, Ontario
43New Dundee, Ontario
44New Hamburg, Ontario
45Dundas, Ontario
46Kitchener, Ontario
47Freelton, Ontario
48Ancaster, Ontario
49Caledonia, Ontario
50Tavistock, Ontario
51Cambridge, Ontario
52Thamesford, Ontario
53Stoney Creek, Ontario
54Clear Creek, Ontario
55Belmont, Ontario
56St Marys, Ontario
57St Thomas, Ontario
58Port Burwell, Ontario
59Vienna, Ontario
60Cayuga, Ontario
61Carlisle, Ontario
62Dorchester, Ontario
63Hamilton, Ontario
64Selkirk, Ontario
65Hannon, Ontario
66Stratford, Ontario
67London, Ontario
68Springfield, Ontario


Product Popularity for Scotland


Mortgage Application
Form Type
  Percentage
of Inquiries
Renewal: 28.6%
Purchase: 14.3%
Refinance: 14.3%
Qualification: 14.3%
Pre-approval: 14.3%
First-time Buyer: 14.3%
 
Total Application Types Found: 6
 Scotland Mortgage Product Popularity Pie Chart

Age Demographics for Scotland Based Mortgages

Average age: 40
Oldest age: 45
Youngest age: 37


Incomes for Scotland Based Mortgages

The following figures show the average income of people living in Scotland who have applied for a home loan using the pre-approval application on CanEquity's web site.

Average annual gross income for
mortgage applicants in Scotland: $79,142.86
applicants within all of Canada: $58,582.39
Difference: $20,560.47
  

Since the average income of Scotland is notability higher than our 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 Scotland: $50,000.00
applicants within all of Canada: $58,582.39
Difference: ($8,582.39)

Note: Commercial Mortgages were not included for this report, only residential mortgage loans from Scotland, Ontario were used.

Residential Status for Scotland Originated Mortgages

The chart and pie-graph below depicts the residential status of people living in Scotland who have submitted an inquiry using CanEquity's preapproval application.

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

Marital Statistics for Scotland Originated Mortgages

The pie chart below represents the marital status of applicants from Scotland, Ontario using the mortgage preapproval application found on the CanEquity Mortgage web site. In Scotland, approximately 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: 85.7%
Single: 14.3%
Scotland Marital Status Pie Chart