Which suburb you live in obviously impacts how much your next mortgage is. If we assume that the median house price is directly linked to the size of mortgages in a suburb, then TORONTO is number 2754th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service TORONTO, 2283.
Across the whole country TORONTO,2283 is number 1203th fastest growing suburb by population growth, and 388th in State. Its population grew by 272 people over the last five years.
With a median housing loan repayment of $1,668 a month, TORONTO , 2283 mortgage brokers are seeing mortgage holders paying $468 more than 2006.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in TORONTO, 2283 should have seen some difference. While the latest census median annual household figure income is now $42,432, it was $34,606 back in 2006, which is a net increase of $7,826 Subtract from that the median mortgage repayment increase of $5,616 and a mortgage broker’s clients could be up to $2,210 better off each year even without factoring in mortgage rate cuts.