Table 3 Distribution of homeowners by size of mortgage payment relative to disposable income and selected characteristics

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  All homeowners Homeowners without a mortgage Mortgage-liability ratio Homeowners with a mortgage
Under 10% 10% to 19% 20% or more Total %
Sample size 6,840 3,245 820 1,614 1,158 3,595 ...
  '000  
Estimated number of households 8,601 3,669 945 2,109 1,872 4,932 57.3
  %
Distribution of households 100.0 100.0 100.0 100.0 100.0 100.0 ...
Age of reference person
Under 45 33.6 10.3 46.1 47.6 57.1 50.9 86.9
45 to 64 45.1 47.3 48.2 46.8 37.3 43.4 55.2
65 and over 21.3 42.4 5.7 5.7 5.6 5.6 15.1
Number of years dwelling owned
Under 10 47.1 20.2 61.5 61.6 76.2 67.2 81.7
10 or more 52.9 79.8 38.5 38.4 23.8 32.8 35.6
Area of residence
Metropolitan
Population 500,000 or more 46.7 43.4 39.3 47.6 56.0 49.2 60.4
Population 100,000 to 499,999 18.3 17.7 20.4 19.6 17.0 18.8 58.7
Other 19.1 19.0 26.0 19.3 15.6 19.1 57.5
Rural 15.8 19.8 14.3 13.5 11.4 12.9 46.6
Region
Atlantic 8.3 9.5 10.6 8.4 4.9 7.5 51.4
Quebec 21.9 21.8 24.3 25.3 17.1 22.0 57.7
Ontario 37.5 35.6 33.0 36.5 44.9 39.0 59.5
Prairies 18.3 18.3 22.0 18.9 15.7 18.3 57.3
British Columbia 14.0 14.9 10.1 10.9 17.4 13.3 54.5
Overall mean years
Age of reference person 52.2 61.8 45.7 45.7 44.1 45.1 ...
Years dwelling owned 14.8 23.0 9.2 9.6 7.6 8.7 ...
  $
Value of dwelling 303,500 303,400 263,500 297,700 330,500 303,700 ...
Mortgage payment ... ... 6,300 11,400 17,000 12,500 ...
Mean years dwelling owned by age years
Under 45 6.3 11.6 5.7 6.0 4.9 5.5 ...
45 to 64 15.6 20.5 11.9 12.1 10.8 11.6 ...
65 or more 26.7 28.6 14.9 18.0 13.6 15.7 ...
Mean value of dwelling by age $
Under 45 300,900 326,700 237,000 301,900 316,300 297,000 ...
45 to 64 319,700 325,400 291,500 296,000 358,000 315,000 ...
65 or more 273,500 273,100 240,800 277,200 292,000 275,700 ...
Mean mortgage payment by age
Under 45 ... ... 6,100 11,800 17,400 13,200 ...
45 to 64 ... ... 6,800 11,300 17,100 12,200 ...
65 or more ... ... 3,500 7,900 11,200 8,300 ...
Note: Mortgage-liability ratio is mortgage payment expressed as a percentage of disposable income.
... not applicable
Source: Statistics Canada, Survey of Household Spending, 2008.