King City Mortgage Information
Average Mortgage Loan in King City: $303,846How King City Ranks in Ontario for Mortgage Business
The following table lists how King City 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 |
---|---|---|
217 | GREELY, ON | 0.026% |
218 | CLINTON, ON | 0.026% |
219 | WHEATLEY, ON | 0.026% |
220 | HASTINGS, ON | 0.026% |
221 | MATTAWA, ON | 0.024% |
222 | KING CITY, ON | 0.024% |
223 | BEETON, ON | 0.024% |
224 | KOMOKA, ON | 0.024% |
225 | TIVERTON, ON | 0.024% |
226 | COLBORNE, ON | 0.024% |
227 | SUTTON WEST, ON | 0.024% |
Types of Mortgage Inquiries Received from King City
Type of Mortgage Application Form Selected | Percentage of Inquiries | |
---|---|---|
New Home Purchase: | 28.6% | |
First-time Home Buyer: | 28.6% | |
Mortgage Pre-approval: | 14.3% | |
Mortgage Renewal: | 7.1% | |
Refinance / Debt Consolidation: | 7.1% | |
No Money Down Mortgage (discontinued): | 7.1% | |
Pre-approval: | 7.1% | |
Total Application Types Found: 7 |
Age Demographics for King City Based Mortgages
Average age: 45
Oldest age: 63
Youngest age: 25
Incomes for King City Based Mortgages
The amounts shown below represent the average income of applicants living in King City who have submitted an inquiry using the Super Brokers' mortgage application.
Average annual gross income for | |
---|---|
mortgage applicants in King City: | $89,615.71 |
applicants within all of Canada: | $60,852.54 |
Difference: | $28,763.17 |
mortgage co-applicants in King City: | $43,942.86 |
co-applicants within all of Canada: | $43,965.51 |
Difference: | ($22.65) |
Since the average income of King City is much higher than the national average, we have included the MEDIAN annual gross income for this town. 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 King City: | $59,000.00 |
applicants within all of Canada: | $60,852.54 |
Difference: | ($1,852.54) |