Last report update for Summerside: Monday, June 30, 2008
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Summerside Mortgage
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Related Links:
Charlottetown
Cornwall
Ellerslie
Kinkora
New London
O'Leary
Stratford
Tignish

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Summerside Mortgages

Prince Edward Island Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Online Mortgages from Summerside

Year Year to Year
Comparison
** National
Contribution
2008: * 9.09% * 0.00%
2007: 9.09% 0.00%
2006: 9.09% 0.00%
2005: 9.09% 0.00%
2004: 9.09% 0.00%
2003: 9.09% 0.00%
2002: 45.45% 0.02%

Note: * These values are the percentages up to Monday, June 30, 2008. Estimated volume targets for the entire 2008 year are 9.09% and 0.00% respectively. ** Total national contribution of Summerside mortgages in the past is currently 0.03% with a projected target of 0.03%.

Current City Standing within Prince Edward Island


Location Contribution
001:  CHARLOTTETOWN, PE 0.110%
002:  SUMMERSIDE, PE 0.035%
003:  CORNWALL, PE 0.029%
004:  STRATFORD, PE 0.023%
005:  O'LEARY, PE 0.019%
006:  MONTAGUE, PE 0.019%
007:  SOURIS, PE 0.013%

Nearest Settlements


1Ellerslie, Prince Edward Island
2Kinkora, Prince Edward Island
3Cornwall, Prince Edward Island
4New London, Prince Edward Island
5O'Leary, Prince Edward Island
6Charlottetown, Prince Edward Island
7Tignish, Prince Edward Island
8Stratford, Prince Edward Island


Product Popularity for Summerside


Mortgage Application
Form Type
  Percentage
of Inquiries
Qualification: 45.5%
No Money Down: 27.3%
First-time Buyer: 18.2%
Renewal: 9.1%
 
Total Application Types Found: 4
 Summerside Mortgage Product Popularity Pie Chart

Age Demographics for Summerside Mortgage Applicants

Average age: 37
Oldest age: 52
Youngest age: 21


Incomes for Summerside Mortgage Applicants

The amounts shown below represent the average income of applicants living in Summerside who have submitted an inquiry using CanEquity's pre-approval application.

Average annual gross income for
mortgage applicants in Summerside: $34,336.36
applicants within all of Canada: $56,539.94
Difference: ($22,203.58)
  
mortgage co-applicants in Summerside: $24,800.00
co-applicants within all of Canada: $39,480.41
Difference: ($14,680.41)

Note: Commercial Mortgages were not included for this section, only home loans were used.

Residential Status for Summerside Mortgage Applicants

The pie chart below shows the residential status of people living in Summerside who have applied for a loan using the CanEquity mortgage application.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 72.7%
Own: 9.1%
No Comment: 18.2%
Summerside Residential Status Pie Chart

Marital Stats for Summerside Mortgage Applicants

The pie chart below represents the marital status of applicants from Summerside, Prince Edward Island using the mortgage preapproval application found at canequity.com. 54% of the mortgage applicants are either married or living common-law, while only 45% are not living with someone.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 45.5%
Separated: 18.2%
Single: 18.2%
Divorced: 9.1%
Common-law: 9.1%
Summerside Marital Status Pie Chart