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Lakefield Mortgage Information

Average Mortgage Loan in Lakefield: $166,187

Ontario 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 Lakefield Ranks in Ontario for Mortgage Business

The following table lists how Lakefield 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
172ROCKWOOD, ON 0.035%
173OMEMEE, ON 0.035%
174NEW HAMBURG, ON 0.033%
175MOUNT FOREST, ON 0.033%
176PETROLIA, ON 0.033%
177LAKEFIELD, ON 0.033%
178WIARTON, ON 0.033%
180DORCHESTER, ON 0.031%
181BOBCAYGEON, ON 0.031%
182COPPER CLIFF, ON 0.031%

Types of Mortgage Inquiries Received from Lakefield

Type of Mortgage Application Form Selected  Percentage
of Inquiries
Refinance / Debt Consolidation: 26.3%
Commercial: 15.8%
New Home Purchase: 15.8%
Mortgage Pre-approval: 10.5%
First-time Home Buyer: 10.5%
No Money Down Mortgage (discontinued): 5.3%
Pre-approval: 5.3%
Mortgage Renewal: 5.3%
Home Renovation: 5.3%
Total Application Types Found: 9

Age Demographics for Lakefield Mortgage Applicants

Average age: 46
Oldest age: 70
Youngest age: 23

Incomes for Lakefield Mortgage Applicants

The numbers below represent the average income of people living in Lakefield who have submitted an inquiry using Mortgage Super Brokers' pre-approval application.

Average annual gross income for
mortgage applicants in Lakefield: $70,934.39
applicants within all of Canada: $60,852.54
Difference: $10,081.85
mortgage co-applicants in Lakefield: $44,403.10
co-applicants within all of Canada: $43,965.51
Difference: $437.59

Note: Commercial Mortgage loans were not included for this report, only residential loans from Lakefield, Ontario were used.

Last mortgage report update for Lakefield: Friday, July 1, 2016
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