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Petrolia Mortgage Information

Average Mortgage Loan in Petrolia: $130,517

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 Petrolia Ranks in Ontario for Mortgage Business

The following table lists how Petrolia 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
171HAVELOCK, ON 0.035%
172ROCKWOOD, ON 0.035%
173OMEMEE, ON 0.035%
174NEW HAMBURG, ON 0.033%
175MOUNT FOREST, ON 0.033%
176PETROLIA, ON 0.033%
177LAKEFIELD, ON 0.033%
178WIARTON, ON 0.033%
179CAMPBELLFORD, ON 0.031%
180DORCHESTER, ON 0.031%
181BOBCAYGEON, ON 0.031%

Types of Mortgage Inquiries Received from Petrolia


Type of Mortgage Application Form Selected  Percentage
of Inquiries
No Money Down Mortgage (discontinued): 15.8%
First-time Home Buyer: 15.8%
Mortgage Renewal: 15.8%
New Home Purchase: 15.8%
Refinance / Debt Consolidation: 15.8%
Mortgage Pre-approval: 10.5%
Low Doc: 5.3%
Second Mortgage: 5.3%
 
Total Application Types Found: 8

Age Demographics for Petrolia Mortgage Applicants

Average age: 35
Oldest age: 64
Youngest age: 24


Incomes for Petrolia Mortgage Applicants

The amounts shown below represent the average income of Canadians living in Petrolia who have submitted a mortgage inquiry using the online application located at the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Petrolia: $69,320.11
applicants within all of Canada: $60,852.54
Difference: $8,467.57
  
mortgage co-applicants in Petrolia: $24,107.56
co-applicants within all of Canada: $43,965.51
Difference: ($19,857.96)

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


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