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Lancaster Mortgage Information

Average Mortgage Loan in Lancaster: $82,266

How Lancaster Ranks in Ontario for Mortgage Business

The following table lists how Lancaster 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
504SPRINGFIELD, ON 0.007%
505ARISS, ON 0.007%
506JORDAN STATION, ON 0.007%
507EMBRO, ON 0.007%
508SHAKESPEARE, ON 0.007%
509LANCASTER, ON 0.007%
510CREEMORE, ON 0.007%
511MOOREFIELD, ON 0.007%
512FRASERVILLE, ON 0.007%
513LUNENBURG, ON 0.007%
514EGANVILLE, ON 0.007%

Types of Mortgage Inquiries Received from Lancaster


Type of Mortgage Application Form Selected  Percentage
of Inquiries
First-time Home Buyer: 50.0%
Mortgage Pre-approval: 25.0%
Commercial: 25.0%
 
Total Application Types Found: 3

Age Demographics for Lancaster Originated Mortgages

Average age: 46
Oldest age: 70
Youngest age: 33


Incomes for Lancaster Originated Mortgages

The amounts shown below represent the average income of Canadians living in Lancaster who have submitted an inquiry using Mortgage Super Brokers' pre-approval application.

Average annual gross income for
mortgage applicants in Lancaster: $51,005.00
applicants within all of Canada: $60,852.54
Difference: ($9,847.54)
  

Note: Commercial Mortgages were not included for this report, only residential mortgage loan amounts from Lancaster, Ontario were used.


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

Mortgage Product Type Inquiries
Mortgage Pre-approval17.56%
Mortgage Renewal16.16%
Refinance/Consolidate Debt15.81%
First-time Home Buyer14.52%
New Purchase14.29%
No Money Down discontinued10.54%
Other11.14%