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Sydenham Mortgage Information

Average Mortgage Loan in Sydenham: $231,500

How Sydenham Ranks in Ontario for Mortgage Business

The following table lists how Sydenham 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
420MIDHURST, ON 0.010%
421BAYSVILLE, ON 0.010%
422ASHBURN, ON 0.010%
423FREELTON, ON 0.010%
424BRUCE MINES, ON 0.010%
425SYDENHAM, ON 0.010%
426AILSA CRAIG, ON 0.010%
427OXFORD STATION, ON 0.010%
428ASHTON, ON 0.010%
429VITTORIA, ON 0.010%
430MOUNTAIN GROVE, ON 0.010%

Types of Mortgage Inquiries Received from Sydenham


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Renewal: 66.7%
New Home Purchase: 16.7%
Refinance / Debt Consolidation: 16.7%
 
Total Application Types Found: 3

Age Demographics for Sydenham Based Mortgages

Average age: 45
Oldest age: 56
Youngest age: 34


Incomes for Sydenham Based Mortgages

The figures below represent the average income of Canadians living in Sydenham who have submitted an inquiry using Mortgage Super Brokers' online mortgage application.

Average annual gross income for
mortgage applicants in Sydenham: $91,666.67
applicants within all of Canada: $60,852.54
Difference: $30,814.12
  

Since the average income of Sydenham is notability 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 Sydenham: $84,000.00
applicants within all of Canada: $60,852.54
Difference: $23,147.46

Note: Commercial Mortgages were not included for this section, only residential loans amounts were used.


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