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. |
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