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Wellesley Mortgage Information

Average Mortgage Loan in Wellesley: $204,000

How Wellesley Ranks in Ontario for Mortgage Business

The following table lists how Wellesley 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
369MCGREGOR, ON 0.012%
370GORMLEY, ON 0.012%
371BOTHWELL, ON 0.012%
372PORT SYDNEY, ON 0.012%
373DUNSFORD, ON 0.012%
374WELLESLEY, ON 0.012%
375MAYNOOTH, ON 0.012%
376CANFIELD, ON 0.012%
377PORT SEVERN, ON 0.012%
378NORTH GOWER, ON 0.012%
379NEW LOWELL, ON 0.012%

Types of Mortgage Inquiries Received from Wellesley


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Refinance / Debt Consolidation: 28.6%
Mortgage Renewal: 14.3%
New Home Purchase: 14.3%
Mortgage Pre-approval: 14.3%
Commercial: 14.3%
First-time Home Buyer: 14.3%
 
Total Application Types Found: 6

Age Demographics for Wellesley Applicants

Average age: 45
Oldest age: 64
Youngest age: 25


Incomes for Wellesley Applicants

The amounts shown below represent the average income of applicants living in Wellesley who have applied for a loan using Mortgage Super Brokers' online mortgage application.

Average annual gross income for
mortgage applicants in Wellesley: $50,642.86
applicants within all of Canada: $60,852.54
Difference: ($10,209.68)
  
mortgage co-applicants in Wellesley: $47,500.00
co-applicants within all of Canada: $43,965.51
Difference: $3,534.49

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


Last mortgage report update for Wellesley: 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 Barrie.

Mortgage Product Type Inquiries
Refinance/Consolidate Debt22.52%
Mortgage Pre-approval18.24%
First-time Home Buyer15.99%
No Money Down discontinued11.71%
New Purchase11.26%
Mortgage Renewal11.04%
Other9.25%