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Novar Mortgage Information

Average Mortgage Loan in Novar: $212,333

How Novar Ranks in Ontario for Mortgage Business

The following table lists how Novar 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
389GOULAIS RIVER, ON 0.012%
390LITTLE CURRENT, ON 0.012%
391SWASTIKA, ON 0.012%
392BRECHIN, ON 0.012%
393SHARON, ON 0.010%
394NOVAR, ON 0.010%
395COE HILL, ON 0.010%
396COTTAM, ON 0.010%
397SCHUMACHER, ON 0.010%
398WARREN, ON 0.010%
399BRIGHT, ON 0.010%

Types of Mortgage Inquiries Received from Novar


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Refinance / Debt Consolidation: 50.0%
Mortgage Renewal: 16.7%
New Home Purchase: 16.7%
Low Doc: 16.7%
 
Total Application Types Found: 4

Age Demographics for Novar Originated Mortgages

Average age: 44
Oldest age: 50
Youngest age: 24


Incomes for Novar Originated Mortgages

The amounts below are the average income of applicants living in Novar who have submitted an inquiry using Mortgage Super Brokers' pre-approval application.

Average annual gross income for
mortgage applicants in Novar: $136,500.00
applicants within all of Canada: $60,852.54
Difference: $75,647.46
  

Since the average income of Novar is substantially higher than the Canadian 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 Novar: $66,500.00
applicants within all of Canada: $60,852.54
Difference: $5,647.46

Note: Commercial Mortgages were not included for this survey, only residential mortgages from Novar, Ontario were used.


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