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Madoc Mortgage Information

Average Mortgage Loan in Madoc: $126,457

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 Madoc Ranks in Ontario for Mortgage Business

The following table lists how Madoc 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
180DORCHESTER, ON 0.031%
181BOBCAYGEON, ON 0.031%
182COPPER CLIFF, ON 0.031%
183DRYDEN, ON 0.031%
184MEAFORD, ON 0.031%
185MADOC, ON 0.031%
186ELORA, ON 0.031%
187MARMORA, ON 0.031%
188CAYUGA, ON 0.029%
189WATERFORD, ON 0.029%

Types of Mortgage Inquiries Received from Madoc

Type of Mortgage Application Form Selected  Percentage
of Inquiries
Refinance / Debt Consolidation: 22.2%
No Money Down Mortgage (discontinued): 22.2%
First-time Home Buyer: 22.2%
Mortgage Pre-approval: 11.1%
Pre-approval: 11.1%
Mortgage Renewal: 5.6%
New Home Purchase: 5.6%
Total Application Types Found: 7

Age Demographics for Madoc Mortgage Applicants

Average age: 38
Oldest age: 60
Youngest age: 21

Incomes for Madoc Mortgage Applicants

The information below represents the average income of applicants living in Madoc who have applied for a mortgage loan using the pre-approval application on the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Madoc: $43,993.75
applicants within all of Canada: $60,852.54
Difference: ($16,858.79)
mortgage co-applicants in Madoc: $38,000.00
co-applicants within all of Canada: $43,965.51
Difference: ($5,965.51)

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

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