Vaughan Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
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| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2008: | * 6.67% | * 0.00% |
| 2007: | 33.33% | 0.02% |
| 2006: | 6.67% | 0.00% |
| 2005: | 26.67% | 0.01% |
| 2004: | 13.33% | 0.01% |
| 2003: | 6.67% | 0.00% |
| 2002: | 6.67% | 0.00% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.01% |
| British Columbia: | 11.49% |
| Manitoba: | 2.11% |
| New Brunswick: | 2.02% |
| Newfoundland and Labrador: | 1.12% |
| Nova Scotia: | 2.77% |
| Northwest Territories: | 0.30% |
| Nunavut: | 0.08% |
| Ontario: | 48.62% |
| Prince Edward Island: | 0.36% |
| Quebec: | 3.80% |
| Saskatchewan: | 5.60% |
| Yukon Territories: | 0.21% |
| Location | Contribution | |
|---|---|---|
| 123: | PENETANGUISHENE, ON | 0.053% |
| 124: | STURGEON FALLS, ON | 0.053% |
| 125: | BRIGHTON, ON | 0.053% |
| 126: | HANOVER, ON | 0.050% |
| 127: | KAPUSKASING, ON | 0.050% |
| 128: | VAUGHAN, ON | 0.050% |
| 129: | ARNPRIOR, ON | 0.050% |
| 130: | UNIONVILLE, ON | 0.050% |
| 131: | PRESCOTT, ON | 0.050% |
| 132: | PICTON, ON | 0.047% |
| 133: | ELMIRA, ON | 0.047% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Renewal: | 26.7% | |
| Qualification: | 26.7% | |
| First-time Buyer: | 20.0% | |
| Refinance: | 6.7% | |
| Equity Mortgage: | 6.7% | |
| No Money Down: | 6.7% | |
| Variable Rate: | 6.7% | |
| Total Application Types Found: 7 | ||
Average age: 39
Oldest age: 67
Youngest age: 27
The numbers below represent the average income of Canadians living in Vaughan who have applied for a mortgage loan using CanEquity's online mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Vaughan: | $108,323.33 |
| applicants within all of Canada: | $56,347.50 |
| Difference: | $51,975.84 |
| mortgage co-applicants in Vaughan: | $56,727.43 |
| co-applicants within all of Canada: | $39,330.70 |
| Difference: | $17,396.73 |
Since the average income of Vaughan is much 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 Vaughan: | $72,631.00 |
| applicants within all of Canada: | $56,347.50 |
| Difference: | $16,283.50 |
The information below represents the residential status of people living in Vaughan who have applied for a mortgage loan using the online application located at the CanEquity web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 26.7% | |
| Own: | 46.7% | |
| No Comment: | 6.7% | |
| Live with parents: | 20.0% |
The information below shows the marital status of applicants from Vaughan, Ontario using the mortgage application found on canequity.com. 60% of the mortgage applicants are living with someone, while only 40% are not living with someone.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 53.3% | |
| Single: | 33.3% | |
| Separated: | 6.7% | |
| Common-law: | 6.7% |
