Mont-Royal Mortgage Information
Average Mortgage Loan in Mont-Royal: $316,500How Mont-Royal Ranks in Quebec for Mortgage Business
The following table lists how Mont-Royal 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.
Rank | Location | Contribution |
---|---|---|
35 | WESTMOUNT, QC | 0.016% |
36 | SAINT-JEROME, QC | 0.016% |
37 | LEVIS, QC | 0.014% |
38 | TERREBONNE, QC | 0.014% |
39 | SAINT-EUSTACHE, QC | 0.014% |
40 | MONT-ROYAL, QC | 0.014% |
41 | SAINT-NICOLAS, QC | 0.014% |
42 | MIRABEL, QC | 0.014% |
43 | SAINTE-ANNE-DE-BELLEVUE, QC | 0.012% |
44 | SAINT-LAMBERT, QC | 0.012% |
45 | VAUDREUIL, QC | 0.012% |
Types of Mortgage Inquiries Received from Mont-Royal
Type of Mortgage Application Form Selected | Percentage of Inquiries | |
---|---|---|
First-time Home Buyer: | 37.5% | |
Mortgage Renewal: | 25.0% | |
New Home Purchase: | 12.5% | |
Commercial: | 12.5% | |
Variable Rate: | 12.5% | |
Total Application Types Found: 5 |
Age Demographics for Mont-Royal Mortgage Applicants
Average age: 47
Oldest age: 69
Youngest age: 31
Incomes for Mont-Royal Mortgage Applicants
The figures below represent the average income of people living in Mont-Royal 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 Mont-Royal: | $109,142.86 |
applicants within all of Canada: | $60,852.54 |
Difference: | $48,290.32 |
mortgage co-applicants in Mont-Royal: | $63,250.00 |
co-applicants within all of Canada: | $43,965.51 |
Difference: | $19,284.49 |
Since the average income of Mont-Royal is much higher than our Canadian national average, we have included the MEDIAN annual gross income for this town. A reason for such a high average is usually due to a high income that is just under our cut-off of acceptable incomes of <$500,000. In rare cases, some applicants may have entered an extra digit (ie. 400000 instead of 40000), which will also sway the averages in smaller areas. In such a case, we will correct the data accordingly.
Median annual gross income for | |
---|---|
mortgage applicants in Mont-Royal: | $98,000.00 |
applicants within all of Canada: | $60,852.54 |
Difference: | $37,147.46 |