Variable closed:	2.85%
1 year closed:	2.69%
3 year closed:	2.69%
5 year closed:	2.79%
10 year closed:	3.44%

Canada | BC | AB | SK | MB | ON | QC | NL | PE | NS | NB | YT | NU | NT

King City Mortgage Information

Average Mortgage Loan in King City: $303,846

How 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)

Note: Commercial Mortgage loans were not included for this survey, only home loans were used.

Nearest Settlements

1	Sharon, Ontario
2	Newmarket, Ontario
3	Gormley, Ontario
4	Cookstown, Ontario
5	Caledon, Ontario
6	Tottenham, Ontario
7	Bradford, Ontario
8	Maple, Ontario
9	Richmond Hill, Ontario
10	Aurora, Ontario
11	Shelburne, Ontario
12	Bolton, Ontario
13	Holland Landing, Ontario
14	Unionville, Ontario
15	Concord, Ontario
16	Woodbridge, Ontario
17	Everett, Ontario
18	Schomberg, Ontario
19	Palgrave, Ontario
20	Borden, Ontario
21	Orangeville, Ontario
22	Badjeros, Ontario
23	Lisle, Ontario
24	Loretto, Ontario
25	Terra Cotta, Ontario
26	Markham, Ontario
27	Downsview, Ontario
28	Scarborough, Ontario
29	Keswick, Ontario
30	Kleinburg, Ontario
31	Cheltenham, Ontario
32	Sutton, Ontario
33	Stayner, Ontario
34	Elora, Ontario
35	Angus, Ontario
36	Thornhill, Ontario
37	Mount Albert, Ontario
38	Beeton, Ontario
39	Alliston, Ontario
40	Willowdale, Ontario

41	Alton, Ontario
42	Hillsburgh, Ontario
43	Don Mills, Ontario
44	East York, Ontario
45	Pickering, Ontario
46	North York, Ontario
47	Grand Valley, Ontario
48	Vaughan, Ontario
49	Sandford, Ontario
50	Brampton, Ontario
51	Goodwood, Ontario
52	Fergus, Ontario
53	Stouffville, Ontario
54	Claremont, Ontario
55	Greenwood, Ontario
56	Utopia, Ontario
57	Willow Beach, Ontario
58	Uxbridge, Ontario
59	Georgetown, Ontario
60	Toronto, Ontario
61	Erin, Ontario
62	Ajax, Ontario
63	Ashburn, Ontario
64	Creemore, Ontario
65	York, Ontario
66	Etobicoke, Ontario
67	Arthur, Ontario
68	New Lowell, Ontario
69	Halton Hills, Ontario
70	Rockwood, Ontario
71	Hornby, Ontario
72	Brooklin, Ontario
73	Barrie, Ontario
74	Shanty Bay, Ontario
75	Moorefield, Ontario
76	Gilford, Ontario
77	Oshawa, Ontario
78	Whitby, Ontario
79	Acton, Ontario

Mortgage Product Type		Inquiries
No Money Down discontinued		22.22%
First-time Home Buyer		20.37%
Mortgage Pre-approval		18.52%
New Purchase		15.43%
Refinance/Consolidate Debt		12.35%
Mortgage Renewal		4.94%
Other		6.17%