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Mount Forest Mortgage Information

Average Mortgage Loan in Mount Forest: $164,605

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 Mount Forest Ranks in Ontario for Mortgage Business

The following table lists how Mount Forest 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
170MOUNT ALBERT, ON 0.035%
171HAVELOCK, ON 0.035%
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%

Types of Mortgage Inquiries Received from Mount Forest

Type of Mortgage Application Form Selected  Percentage
of Inquiries
Refinance / Debt Consolidation: 31.6%
Mortgage Pre-approval: 26.3%
New Home Purchase: 15.8%
First-time Home Buyer: 15.8%
No Money Down Mortgage (discontinued): 5.3%
Low Doc: 5.3%
Total Application Types Found: 6

Age Demographics for Mount Forest Mortgage Applicants

Average age: 36
Oldest age: 54
Youngest age: 21

Incomes for Mount Forest Mortgage Applicants

The amounts shown below represent the average income of applicants living in Mount Forest who have submitted an inquiry using the pre-approval application on the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Mount Forest: $49,782.22
applicants within all of Canada: $60,852.54
Difference: ($11,070.32)
mortgage co-applicants in Mount Forest: $128,000.00
co-applicants within all of Canada: $43,965.51
Difference: $84,034.49

Note: Commercial Mortgage loans were not included for this report, only home loans from Mount Forest, Ontario were used.

Last mortgage report update for Mount Forest: Friday, July 1, 2016
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