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Lake Cowichan Mortgage Information

Average Mortgage Loan in Lake Cowichan: $161,000

How Lake Cowichan Ranks in British Columbia for Mortgage Business

The following table lists how Lake Cowichan 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
81PORT HARDY, BC 0.022%
83MILL BAY, BC 0.021%
84LUMBY, BC 0.021%
87GABRIOLA, BC 0.019%
88OLIVER, BC 0.019%
89INVERMERE, BC 0.019%
90MACKENZIE, BC 0.019%

Types of Mortgage Inquiries Received from Lake Cowichan

Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Renewal: 25.0%
Mortgage Pre-approval: 25.0%
New Home Purchase: 16.7%
Refinance / Debt Consolidation: 16.7%
Equity Mortgage: 8.3%
No Money Down Mortgage (discontinued): 8.3%
Total Application Types Found: 6

Age Demographics for Lake Cowichan Mortgage Applicants

Average age: 40
Oldest age: 57
Youngest age: 31

Incomes for Lake Cowichan Mortgage Applicants

The following figures show the average income of applicants living in Lake Cowichan who have applied for a mortgage loan using the pre-approval application on Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Lake Cowichan: $69,045.45
applicants within all of Canada: $60,852.54
Difference: $8,192.91

Note: Commercial Mortgages were not included for this section, only residential loans amounts from Lake Cowichan, British Columbia were used.

Last mortgage report update for Lake Cowichan: Friday, July 1, 2016
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