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Lanark Mortgage Information

Average Mortgage Loan in Lanark: $152,500

How Lanark Ranks in Ontario for Mortgage Business

The following table lists how Lanark 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
263WINCHESTER, ON 0.021%
265GERALDTON, ON 0.019%
266HAILEYBURY, ON 0.019%
267NORWICH, ON 0.019%
268LANARK, ON 0.019%
269CARDINAL, ON 0.019%
270ORONO, ON 0.019%
271BURFORD, ON 0.019%
272BADEN, ON 0.019%
273ENNISMORE, ON 0.019%

Types of Mortgage Inquiries Received from Lanark

Type of Mortgage Application Form Selected  Percentage
of Inquiries
New Home Purchase: 27.3%
Refinance / Debt Consolidation: 27.3%
Mortgage Pre-approval: 18.2%
No Money Down Mortgage (discontinued): 18.2%
First-time Home Buyer: 9.1%
Total Application Types Found: 5

Age Demographics for Lanark Originated Mortgages

Average age: 40
Oldest age: 60
Youngest age: 21

Incomes for Lanark Originated Mortgages

The numbers below represent the average income of people living in Lanark who have applied for a loan using the online application located at the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Lanark: $34,971.00
applicants within all of Canada: $60,852.54
Difference: ($25,881.54)

Note: Commercial loan amounts were not included for this report, only residential mortgages were used.

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