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Dorchester Mortgage Information

Average Mortgage Loan in Dorchester: $185,882

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 Dorchester Ranks in Ontario for Mortgage Business

The following table lists how Dorchester 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
175MOUNT FOREST, ON 0.033%
176PETROLIA, ON 0.033%
177LAKEFIELD, ON 0.033%
178WIARTON, ON 0.033%
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%

Types of Mortgage Inquiries Received from Dorchester

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

Age Demographics for Dorchester Applicants

Average age: 38
Oldest age: 47
Youngest age: 29

Incomes for Dorchester Applicants

The figures below represent the average income of people living in Dorchester who have applied for a loan using the pre-approval application on the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Dorchester: $76,915.29
applicants within all of Canada: $60,852.54
Difference: $16,062.75
mortgage co-applicants in Dorchester: $83,655.60
co-applicants within all of Canada: $43,965.51
Difference: $39,690.09

Note: Commercial Mortgages were not included for this section, only residential mortgage loans were used.

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