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Variable closed: 2.85% 1 year closed: 3.14% 3 year closed: 3.39% 5 year closed: 3.49% 10 year closed: 4.04% 
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Elora Mortgage Information
Average Mortgage Loan in Elora: $202,865Ontario Mortgage Originations Compared to all other Provinces and Territories
| Online Mortgage Origination for the Province or Territory of | Percentage of Applications |
|---|---|
| Alberta: | 21.07% |
| British Columbia: | 10.40% |
| Manitoba: | 2.00% |
| New Brunswick: | 2.53% |
| Newfoundland and Labrador: | 1.30% |
| Nova Scotia: | 3.29% |
| Northwest Territories: | 0.49% |
| Nunavut: | 0.10% |
| Ontario: | 47.31% |
| Prince Edward Island: | 0.51% |
| Quebec: | 3.94% |
| Saskatchewan: | 5.04% |
| Yukon: | 0.47% |
How Elora Ranks in Ontario for Mortgage Business
The following table lists how Elora 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.
| Rank | Location | Contribution |
|---|---|---|
| 181 | BOBCAYGEON, ON | 0.031% |
| 182 | COPPER CLIFF, ON | 0.031% |
| 183 | DRYDEN, ON | 0.031% |
| 184 | MEAFORD, ON | 0.031% |
| 185 | MADOC, ON | 0.031% |
| 186 | ELORA, ON | 0.031% |
| 187 | MARMORA, ON | 0.031% |
| 188 | CAYUGA, ON | 0.029% |
| 189 | WATERFORD, ON | 0.029% |
| 190 | PORT MCNICOLL, ON | 0.029% |
| 191 | MOUNT HOPE, ON | 0.029% |
Types of Mortgage Inquiries Received from Elora
| Type of Mortgage Application Form Selected | Percentage of Inquiries | |
|---|---|---|
| First-time Home Buyer: | 27.8% | |
| Refinance / Debt Consolidation: | 22.2% | |
| New Home Purchase: | 16.7% | |
| Mortgage Renewal: | 11.1% | |
| Commercial: | 11.1% | |
| Equity Mortgage: | 5.6% | |
| No Money Down Mortgage (discontinued): | 5.6% | |
| Total Application Types Found: 7 | ||
Age Demographics for Elora Mortgages
Average age: 36
Oldest age: 56
Youngest age: 23
Incomes for Elora Mortgages
The amounts shown below represent the average income of applicants living in Elora who have applied for a loan using the Super Brokers' mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Elora: | $76,895.80 |
| applicants within all of Canada: | $60,852.54 |
| Difference: | $16,043.26 |
| mortgage co-applicants in Elora: | $62,000.00 |
| co-applicants within all of Canada: | $43,965.51 |
| Difference: | $18,034.49 |
Note: Commercial loan amounts were not included for this report, only home loans from Elora, Ontario were used.
Nearest Settlements
Last mortgage report update for Elora: Friday, July 1, 2016
- Acton
- Alton
- Arthur
- Caledon
- Erin
- Fergus
- Hillsburgh
- Moorefield
- Orangeville
- Palgrave
- Compare Interest Rates
- Elora Broker Contact
Municipal mortgage stats:
Related mortgage information:
Did you know? The average home loan in Kirkland Lake is:
Discover many more facts and statistics exclusively here at Mortgage Super Brokers.
Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Grimsby.
| Mortgage Product Type | Inquiries | |
|---|---|---|
| New Purchase | 24.24% | |
| Refinance/Consolidate Debt | 19.70% | |
| Mortgage Renewal | 16.67% | |
| Mortgage Pre-approval | 10.61% | |
| No Money Down discontinued | 7.58% | |
| First-time Home Buyer | 6.06% | |
| Other | 15.18% |
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