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Ridgeway Mortgage Information

Average Mortgage Loan in Ridgeway: $133,956

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 Ridgeway Ranks in Ontario for Mortgage Business

The following table lists how Ridgeway 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
194ATHENS, ON 0.029%
195ST GEORGE BRANT, ON 0.029%
196BLIND RIVER, ON 0.029%
197ENGLEHART, ON 0.028%
198AYR, ON 0.028%
199RIDGEWAY, ON 0.028%
200MARATHON, ON 0.028%
201SOUTH PORCUPINE, ON 0.028%
202LITTLE BRITAIN, ON 0.028%
203IROQUOIS FALLS, ON 0.028%
204ERIN, ON 0.028%

Types of Mortgage Inquiries Received from Ridgeway


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 31.3%
No Money Down Mortgage (discontinued): 31.3%
Refinance / Debt Consolidation: 25.0%
Mortgage Renewal: 6.3%
First-time Home Buyer: 6.3%
 
Total Application Types Found: 5

Age Demographics for Ridgeway Mortgage Applicants

Average age: 35
Oldest age: 48
Youngest age: 20


Incomes for Ridgeway Mortgage Applicants

The figures below represent the average income of people living in Ridgeway who have applied for a loan using Mortgage Super Brokers' online mortgage application.

Average annual gross income for
mortgage applicants in Ridgeway: $43,132.50
applicants within all of Canada: $60,852.54
Difference: ($17,720.04)
  
mortgage co-applicants in Ridgeway: $49,565.50
co-applicants within all of Canada: $43,965.51
Difference: $5,599.99

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


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