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Cornwall Mortgage Information

Average Mortgage Loan in Cornwall: $104,740

Prince Edward Island 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 Cornwall Ranks in Prince Edward Island for Mortgage Business

The following table lists how Cornwall 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
1CHARLOTTETOWN, PE 0.188%
2SUMMERSIDE, PE 0.040%
3STRATFORD, PE 0.035%
4CORNWALL, PE 0.031%
5MONTAGUE, PE 0.022%
6SOURIS, PE 0.019%
7O'LEARY, PE 0.017%
8KENSINGTON, PE 0.014%
9GEORGETOWN, PE 0.012%

Types of Mortgage Inquiries Received from Cornwall


Type of Mortgage Application Form Selected  Percentage
of Inquiries
New Home Purchase: 22.2%
First-time Home Buyer: 22.2%
Mortgage Renewal: 16.7%
Refinance / Debt Consolidation: 16.7%
Mortgage Pre-approval: 16.7%
HELOC: 5.6%
 
Total Application Types Found: 6

Age Demographics for Cornwall Applicants

Average age: 38
Oldest age: 64
Youngest age: 21


Incomes for Cornwall Applicants

The following figures show the average income of people living in Cornwall who have submitted a mortgage inquiry using Mortgage Super Brokers' pre-approval application.

Average annual gross income for
mortgage applicants in Cornwall: $43,882.35
applicants within all of Canada: $60,852.54
Difference: ($16,970.19)
  
mortgage co-applicants in Cornwall: $27,428.57
co-applicants within all of Canada: $43,965.51
Difference: ($16,536.94)

Note: Commercial loans were not included for this report, only residential mortgage loan amounts from Cornwall, Prince Edward Island were used.


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