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Bayfield Mortgage Information

Average Mortgage Loan in Bayfield: $146,544

How Bayfield Ranks in Ontario for Mortgage Business

The following table lists how Bayfield 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
293NEW LISKEARD, ON 0.017%
294WOODLAWN, ON 0.017%
295JANETVILLE, ON 0.017%
296PUSLINCH, ON 0.017%
297VANIER, ON 0.017%
298BAYFIELD, ON 0.017%
299HARRISTON, ON 0.017%
300WESTPORT, ON 0.017%
301CONISTON, ON 0.017%
302CAPREOL, ON 0.017%
303GREEN VALLEY, ON 0.017%

Types of Mortgage Inquiries Received from Bayfield


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 40.0%
No Money Down Mortgage (discontinued): 20.0%
First-time Home Buyer: 20.0%
Refinance / Debt Consolidation: 10.0%
Commercial: 10.0%
 
Total Application Types Found: 5

Age Demographics for Bayfield Applicants

Average age: 37
Oldest age: 57
Youngest age: 24


Incomes for Bayfield Applicants

The information below represents the average income of applicants living in Bayfield who have submitted an inquiry using the pre-approval application on Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Bayfield: $98,211.11
applicants within all of Canada: $60,852.54
Difference: $37,358.57
  
mortgage co-applicants in Bayfield: $17,625.00
co-applicants within all of Canada: $43,965.51
Difference: ($26,340.51)

Since the average income of Bayfield is substantially higher than the Canadian national average, we have included the MEDIAN annual gross income for this location. 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 Bayfield: $43,500.00
applicants within all of Canada: $60,852.54
Difference: ($17,352.54)

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


Last mortgage report update for Bayfield: 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 Orillia.

Mortgage Product Type Inquiries
First-time Home Buyer22.03%
Mortgage Pre-approval21.19%
No Money Down discontinued15.25%
New Purchase14.41%
Refinance/Consolidate Debt13.56%
Mortgage Renewal7.63%
Other5.94%
 
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