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Variable closed: 2.85% 1 year closed: 2.69% 3 year closed: 2.69% 5 year closed: 2.79% 10 year closed: 3.44% 
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Lakefield Mortgage Information
Average Mortgage Loan in Lakefield: $166,187Ontario 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.
| Rank | Location | Contribution |
|---|---|---|
| 172 | ROCKWOOD, ON | 0.035% |
| 173 | OMEMEE, ON | 0.035% |
| 174 | NEW HAMBURG, ON | 0.033% |
| 175 | MOUNT FOREST, ON | 0.033% |
| 176 | PETROLIA, ON | 0.033% |
| 177 | LAKEFIELD, ON | 0.033% |
| 178 | WIARTON, ON | 0.033% |
| 179 | CAMPBELLFORD, ON | 0.031% |
| 180 | DORCHESTER, ON | 0.031% |
| 181 | BOBCAYGEON, ON | 0.031% |
| 182 | COPPER 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.
Nearest Settlements
Last mortgage report update for Lakefield: Friday, July 1, 2016
- Bridgenorth
- Dunsford
- Ennismore
- Fenelon Falls
- Hastings
- Havelock
- Kinmount
- Marmora
- Norwood
- Peterborough
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- Lakefield Broker Contact
Municipal mortgage stats:
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