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Mont-Royal Mortgage Information

Average Mortgage Loan in Mont-Royal: $316,500

How Mont-Royal Ranks in Quebec for Mortgage Business

The following table lists how Mont-Royal 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
35WESTMOUNT, QC 0.016%
36SAINT-JEROME, QC 0.016%
37LEVIS, QC 0.014%
38TERREBONNE, QC 0.014%
39SAINT-EUSTACHE, QC 0.014%
40MONT-ROYAL, QC 0.014%
41SAINT-NICOLAS, QC 0.014%
42MIRABEL, QC 0.014%
43SAINTE-ANNE-DE-BELLEVUE, QC 0.012%
44SAINT-LAMBERT, QC 0.012%
45VAUDREUIL, QC 0.012%

Types of Mortgage Inquiries Received from Mont-Royal


Type of Mortgage Application Form Selected  Percentage
of Inquiries
First-time Home Buyer: 37.5%
Mortgage Renewal: 25.0%
New Home Purchase: 12.5%
Commercial: 12.5%
Variable Rate: 12.5%
 
Total Application Types Found: 5

Age Demographics for Mont-Royal Mortgage Applicants

Average age: 47
Oldest age: 69
Youngest age: 31


Incomes for Mont-Royal Mortgage Applicants

The figures below represent the average income of people living in Mont-Royal who have applied for a loan using the online application located at the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Mont-Royal: $109,142.86
applicants within all of Canada: $60,852.54
Difference: $48,290.32
  
mortgage co-applicants in Mont-Royal: $63,250.00
co-applicants within all of Canada: $43,965.51
Difference: $19,284.49

Since the average income of Mont-Royal is much higher than our 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 Mont-Royal: $98,000.00
applicants within all of Canada: $60,852.54
Difference: $37,147.46

Note: Commercial Mortgage loans were not included for this section, only residential loans amounts from Mont-Royal, Quebec were used.


Last mortgage report update for Mont-Royal: Friday, July 1, 2016
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Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Pierrefonds.

Mortgage Product Type Inquiries
Refinance/Consolidate Debt22.41%
Mortgage Pre-approval17.24%
New Purchase15.52%
First-time Home Buyer15.52%
Mortgage Renewal13.79%
Pre-approval5.17%
Other10.34%