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Elora Mortgage Information

Average Mortgage Loan in Elora: $202,865

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 Elora Ranks in Ontario for Mortgage Business

The following table lists how Elora 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
181BOBCAYGEON, ON 0.031%
182COPPER CLIFF, ON 0.031%
183DRYDEN, ON 0.031%
184MEAFORD, ON 0.031%
185MADOC, ON 0.031%
186ELORA, ON 0.031%
187MARMORA, ON 0.031%
188CAYUGA, ON 0.029%
189WATERFORD, ON 0.029%
191MOUNT HOPE, ON 0.029%

Types of Mortgage Inquiries Received from Elora

Type of Mortgage Application Form Selected  Percentage
of Inquiries
First-time Home Buyer: 27.8%
Refinance / Debt Consolidation: 22.2%
New Home Purchase: 16.7%
Mortgage Renewal: 11.1%
Commercial: 11.1%
Equity Mortgage: 5.6%
No Money Down Mortgage (discontinued): 5.6%
Total Application Types Found: 7

Age Demographics for Elora Mortgages

Average age: 36
Oldest age: 56
Youngest age: 23

Incomes for Elora Mortgages

The amounts shown below represent the average income of applicants living in Elora who have applied for a loan using the Super Brokers' mortgage application.

Average annual gross income for
mortgage applicants in Elora: $76,895.80
applicants within all of Canada: $60,852.54
Difference: $16,043.26
mortgage co-applicants in Elora: $62,000.00
co-applicants within all of Canada: $43,965.51
Difference: $18,034.49

Note: Commercial loan amounts were not included for this report, only home loans from Elora, Ontario were used.

Last mortgage report update for Elora: Friday, July 1, 2016
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Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Grimsby.

Mortgage Product Type Inquiries
New Purchase24.24%
Refinance/Consolidate Debt19.70%
Mortgage Renewal16.67%
Mortgage Pre-approval10.61%
No Money Down discontinued7.58%
First-time Home Buyer6.06%