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King City Mortgage Information

Average Mortgage Loan in King City: $303,846

How King City Ranks in Ontario for Mortgage Business

The following table lists how King City 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
217GREELY, ON 0.026%
218CLINTON, ON 0.026%
219WHEATLEY, ON 0.026%
220HASTINGS, ON 0.026%
221MATTAWA, ON 0.024%
222KING CITY, ON 0.024%
223BEETON, ON 0.024%
224KOMOKA, ON 0.024%
225TIVERTON, ON 0.024%
226COLBORNE, ON 0.024%
227SUTTON WEST, ON 0.024%

Types of Mortgage Inquiries Received from King City


Type of Mortgage Application Form Selected  Percentage
of Inquiries
New Home Purchase: 28.6%
First-time Home Buyer: 28.6%
Mortgage Pre-approval: 14.3%
Mortgage Renewal: 7.1%
Refinance / Debt Consolidation: 7.1%
No Money Down Mortgage (discontinued): 7.1%
Pre-approval: 7.1%
 
Total Application Types Found: 7

Age Demographics for King City Based Mortgages

Average age: 45
Oldest age: 63
Youngest age: 25


Incomes for King City Based Mortgages

The amounts shown below represent the average income of applicants living in King City who have submitted an inquiry using the Super Brokers' mortgage application.

Average annual gross income for
mortgage applicants in King City: $89,615.71
applicants within all of Canada: $60,852.54
Difference: $28,763.17
  
mortgage co-applicants in King City: $43,942.86
co-applicants within all of Canada: $43,965.51
Difference: ($22.65)

Since the average income of King City is much higher than the 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 King City: $59,000.00
applicants within all of Canada: $60,852.54
Difference: ($1,852.54)

Note: Commercial Mortgage loans were not included for this survey, only home loans were used.

Nearest Settlements


1Sharon, Ontario
2Newmarket, Ontario
3Gormley, Ontario
4Cookstown, Ontario
5Caledon, Ontario
6Tottenham, Ontario
7Bradford, Ontario
8Maple, Ontario
9Richmond Hill, Ontario
10Aurora, Ontario
11Shelburne, Ontario
12Bolton, Ontario
13Holland Landing, Ontario
14Unionville, Ontario
15Concord, Ontario
16Woodbridge, Ontario
17Everett, Ontario
18Schomberg, Ontario
19Palgrave, Ontario
20Borden, Ontario
21Orangeville, Ontario
22Badjeros, Ontario
23Lisle, Ontario
24Loretto, Ontario
25Terra Cotta, Ontario
26Markham, Ontario
27Downsview, Ontario
28Scarborough, Ontario
29Keswick, Ontario
30Kleinburg, Ontario
31Cheltenham, Ontario
32Sutton, Ontario
33Stayner, Ontario
34Elora, Ontario
35Angus, Ontario
36Thornhill, Ontario
37Mount Albert, Ontario
38Beeton, Ontario
39Alliston, Ontario
40Willowdale, Ontario
41Alton, Ontario
42Hillsburgh, Ontario
43Don Mills, Ontario
44East York, Ontario
45Pickering, Ontario
46North York, Ontario
47Grand Valley, Ontario
48Vaughan, Ontario
49Sandford, Ontario
50Brampton, Ontario
51Goodwood, Ontario
52Fergus, Ontario
53Stouffville, Ontario
54Claremont, Ontario
55Greenwood, Ontario
56Utopia, Ontario
57Willow Beach, Ontario
58Uxbridge, Ontario
59Georgetown, Ontario
60Toronto, Ontario
61Erin, Ontario
62Ajax, Ontario
63Ashburn, Ontario
64Creemore, Ontario
65York, Ontario
66Etobicoke, Ontario
67Arthur, Ontario
68New Lowell, Ontario
69Halton Hills, Ontario
70Rockwood, Ontario
71Hornby, Ontario
72Brooklin, Ontario
73Barrie, Ontario
74Shanty Bay, Ontario
75Moorefield, Ontario
76Gilford, Ontario
77Oshawa, Ontario
78Whitby, Ontario
79Acton, Ontario


Last mortgage report update for King City: Friday, July 1, 2016
Mortgage Quote - Apply
 
Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Cornwall.

Mortgage Product Type Inquiries
No Money Down discontinued22.22%
First-time Home Buyer20.37%
Mortgage Pre-approval18.52%
New Purchase15.43%
Refinance/Consolidate Debt12.35%
Mortgage Renewal4.94%
Other6.17%
 
Did you know? The average home loan in Niagara Falls is: Discover many more facts and statistics exclusively here at Mortgage Super Brokers.
Ontario