Canadian Maple Leaf Licensing Info: FSCO (Ontario) #11363,
and serving all other provinces.
 
Canada | BC | AB | SK | MB | ON | QC | NL | PE | NS | NB | YT | NU | NT

Lake Cowichan Mortgage Information

Average Mortgage Loan in Lake Cowichan: $161,000

How Lake Cowichan Ranks in British Columbia for Mortgage Business

The following table lists how Lake Cowichan ranks for mortgage applications sent to our website. The data collected is over a 7-year time frame. A location has to have a minimum of three applications to make the list. To find more information, simply click on a location.

RankLocation Contribution
80PORT MCNEILL, BC 0.022%
81PORT HARDY, BC 0.022%
82NORTH SAANICH, BC 0.022%
83MILL BAY, BC 0.021%
84LUMBY, BC 0.021%
85LAKE COWICHAN, BC 0.021%
86COLDSTREAM, BC 0.019%
87GABRIOLA, BC 0.019%
88OLIVER, BC 0.019%
89INVERMERE, BC 0.019%
90MACKENZIE, BC 0.019%

Types of Mortgage Inquiries Received from Lake Cowichan


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Renewal: 25.0%
Mortgage Pre-approval: 25.0%
New Home Purchase: 16.7%
Refinance / Debt Consolidation: 16.7%
Equity Mortgage: 8.3%
No Money Down Mortgage (discontinued): 8.3%
 
Total Application Types Found: 6

Age Demographics for Lake Cowichan Mortgage Applicants

Average age: 40
Oldest age: 57
Youngest age: 31


Incomes for Lake Cowichan Mortgage Applicants

The following figures show the average income of applicants living in Lake Cowichan who have applied for a mortgage loan using the pre-approval application on Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Lake Cowichan: $69,045.45
applicants within all of Canada: $60,852.54
Difference: $8,192.91
  

Note: Commercial Mortgages were not included for this section, only residential loans amounts from Lake Cowichan, British Columbia were used.


Last mortgage report update for Lake Cowichan: Friday, July 1, 2016
Mortgage Calculator
 
Mortgage Rates Chart
Your money goes a lot further when you pay your home off with low interest rate. Make sure your mortgage isn't weighing you down with high rates and ridiculous payments. View our mortgage rates chart to find the best interest rates in Canada.
Mortgage Rates Chart
 
Mortgage Payment Calculator
Did you know that you can save over $28,000 in interest on a $300,000 mortgage by simply switching to biweekly-accelerated payments? Find out how much you could save on your next mortgage with our new calculator.
Try Our New Calculator