Scotland Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
| 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% |
| 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% |
| 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 | ||
Average age: 40
Oldest age: 45
Youngest age: 37
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) |
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% |
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% |
