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Meaford Mortgage Information

Average Mortgage Loan in Meaford: $150,764

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 Meaford Ranks in Ontario for Mortgage Business

The following table lists how Meaford 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 Meaford

Type of Mortgage Application Form Selected  Percentage
of Inquiries
First-time Home Buyer: 27.8%
No Money Down Mortgage (discontinued): 22.2%
Mortgage Pre-approval: 16.7%
Refinance / Debt Consolidation: 11.1%
New Home Purchase: 11.1%
Mortgage Renewal: 5.6%
Equity Mortgage: 5.6%
Total Application Types Found: 7

Age Demographics for Meaford Mortgage Applicants

Average age: 37
Oldest age: 57
Youngest age: 22

Incomes for Meaford Mortgage Applicants

The following figures show the average income of Canadians living in Meaford 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 Meaford: $45,358.64
applicants within all of Canada: $60,852.54
Difference: ($15,493.90)
mortgage co-applicants in Meaford: $27,000.00
co-applicants within all of Canada: $43,965.51
Difference: ($16,965.51)

Note: Commercial Mortgages were not included for this survey, only residential loans from Meaford, Ontario were used.

Last mortgage report update for Meaford: Friday, July 1, 2016
Mortgage Calculator
Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Orangeville.

Mortgage Product Type Inquiries
Refinance/Consolidate Debt27.37%
Mortgage Pre-approval16.84%
First-time Home Buyer15.79%
Mortgage Renewal15.79%
No Money Down discontinued8.42%
New Purchase7.37%
Commercial Financing4.21%
Did you know? The average home loan in Port Elgin is: Discover many more facts and statistics exclusively here at Mortgage Super Brokers.