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Lumsden Mortgage Information

Average Mortgage Loan in Lumsden: $117,500

Saskatchewan 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 Lumsden Ranks in Saskatchewan for Mortgage Business

The following table lists how Lumsden 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
9WEYBURN, SK 0.080%
10MELVILLE, SK 0.048%
12NIPAWIN, SK 0.036%
14LUMSDEN, SK 0.029%
16MELFORT, SK 0.028%
17BALGONIE, SK 0.024%
18LA RONGE, SK 0.022%
19HUMBOLDT, SK 0.019%

Types of Mortgage Inquiries Received from Lumsden

Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 35.3%
No Money Down Mortgage (discontinued): 23.5%
Refinance / Debt Consolidation: 17.6%
First-time Home Buyer: 11.8%
Mortgage Renewal: 5.9%
Pre-approval: 5.9%
Total Application Types Found: 6

Age Demographics for Lumsden Mortgages

Average age: 37
Oldest age: 79
Youngest age: 26

Incomes for Lumsden Mortgages

The following depicts the average income of Canadians living in Lumsden who have applied for a home loan using the pre-approval application on the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Lumsden: $49,231.25
applicants within all of Canada: $60,852.54
Difference: ($11,621.29)
mortgage co-applicants in Lumsden: $34,000.00
co-applicants within all of Canada: $43,965.51
Difference: ($9,965.51)

Note: Commercial Mortgage loans were not included for this survey, only residential mortgage loans from Lumsden, Saskatchewan were used.

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