Vaughan Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2010: | * 4.35% | * 0.00% |
| 2009: | 21.74% | 0.01% |
| 2008: | 13.04% | 0.01% |
| 2007: | 21.74% | 0.01% |
| 2006: | 4.35% | 0.00% |
| 2005: | 17.39% | 0.01% |
| 2004: | 8.70% | 0.01% |
| 2003: | 4.35% | 0.00% |
| 2002: | 4.35% | 0.00% |
In Vaughan, mortgages are received 24 hours a day from the CanEquity web site. The time periods below represents the rush hours over a 24-hour period. The data is taken from all days of all years. Only 43.5% of all mortgages are received during the morning, while 47.8% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 4.3% |
| 01:00 to 01:59: | 4.3% |
| 06:00 to 06:59: | 8.7% |
| 09:00 to 09:59: | 4.3% |
| 10:00 to 10:59: | 8.7% |
| 11:00 to 11:59: | 21.7% |
| 12:00 to 12:59: | 8.7% |
| 13:00 to 13:59: | 8.7% |
| 14:00 to 14:59: | 4.3% |
| 16:00 to 16:59: | 4.3% |
| 18:00 to 18:59: | 8.7% |
| 20:00 to 20:59: | 4.3% |
| 21:00 to 21:59: | 8.7% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.10% |
| British Columbia: | 10.87% |
| Manitoba: | 2.09% |
| New Brunswick: | 2.10% |
| Newfoundland and Labrador: | 1.15% |
| Nova Scotia: | 2.91% |
| Northwest Territories: | 0.32% |
| Nunavut: | 0.08% |
| Ontario: | 48.83% |
| Prince Edward Island: | 0.44% |
| Quebec: | 4.14% |
| Saskatchewan: | 5.07% |
| Yukon Territories: | 0.26% |
| Location | Contribution | |
|---|---|---|
| 118: | STURGEON FALLS, ON | 0.056% |
| 119: | RENFREW, ON | 0.056% |
| 120: | ROCKLAND, ON | 0.054% |
| 121: | KENORA, ON | 0.054% |
| 122: | UXBRIDGE, ON | 0.054% |
| 123: | VAUGHAN, ON | 0.054% |
| 124: | NEWCASTLE, ON | 0.054% |
| 125: | BRIGHTON, ON | 0.054% |
| 126: | KEMPTVILLE, ON | 0.052% |
| 127: | KAPUSKASING, ON | 0.052% |
| 128: | PICTON, ON | 0.052% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 26.1% | |
| Renewal: | 26.1% | |
| First-time Buyer: | 17.4% | |
| No Money Down: | 8.7% | |
| Refinance: | 8.7% | |
| Pre-approval: | 4.3% | |
| Equity Mortgage: | 4.3% | |
| Variable Rate: | 4.3% | |
| Total Application Types Found: 8 | ||
Average age: 39
Oldest age: 67
Youngest age: 25
The amounts below are the average income of people living in Vaughan who have submitted an inquiry using the pre-approval application on the CanEquity Mortgage web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Vaughan: | $94,752.27 |
| applicants within all of Canada: | $58,582.39 |
| Difference: | $36,169.89 |
| mortgage co-applicants in Vaughan: | $60,380.20 |
| co-applicants within all of Canada: | $41,225.82 |
| Difference: | $19,154.38 |
Since the average income of Vaughan is much 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 Vaughan: | $66,315.50 |
| applicants within all of Canada: | $58,582.39 |
| Difference: | $7,733.11 |
The chart and pie-graph below depicts the residential status of people living in Vaughan who have applied for a loan using the pre-approval application on the CanEquity Mortgage web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 26.1% | |
| Own: | 52.2% | |
| No Comment: | 4.3% | |
| Live with parents: | 17.4% |
The following table and pie chart represents the marital status of applicants from Vaughan, Ontario using the preapproval application found on the CanEquity Mortgage web site. Over 60% of the mortgage applicants are living together with someone, while only 39% are not living with someone.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 56.5% | |
| Single: | 34.8% | |
| Separated: | 4.3% | |
| Common-law: | 4.3% |
