Last report update for Banff: Thursday, May 15, 2008
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Banff Mortgage
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Canmore
Lac Des Arcs
Lake Louise

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Banff Mortgages

Alberta Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Mortgages Originating from Banff

Year Year to Year
Comparison
** National
Contribution
2008: * 12.50% * 0.00%
2007: 25.00% 0.01%
2006: 12.50% 0.00%
2004: 12.50% 0.00%
2003: 12.50% 0.00%
2002: 25.00% 0.01%

Note: * These values are the percentages up to Thursday, May 15, 2008. Estimated volume targets for the entire 2008 year are 25.00% and 0.01% respectively. ** Total national contribution of Banff mortgages in the past is currently 0.03% with a projected target of 0.03%.

Current City Standing within Alberta


Location Contribution
067:  CROSSFIELD, AB 0.030%
068:  WEMBLEY, AB 0.030%
069:  MILLET, AB 0.030%
070:  JASPER, AB 0.030%
071:  BEAVERLODGE, AB 0.026%
072:  BANFF, AB 0.026%
073:  RIMBEY, AB 0.026%
074:  FAIRVIEW, AB 0.026%
075:  PEERS, AB 0.023%
076:  DE WINTON, AB 0.023%
077:  CAROLINE, AB 0.023%

Nearest Settlements


1Canmore, Alberta
2Lac Des Arcs, Alberta
3Lake Louise, Alberta


Product Popularity for Banff


Mortgage Application
Form Type
  Percentage
of Inquiries
Qualification: 25.0%
No Money Down: 25.0%
Renewal: 12.5%
Refinance: 12.5%
Pre-approval: 12.5%
Commercial: 12.5%
 
Total Application Types Found: 6
 Banff Mortgage Product Popularity Pie Chart

Age Demographics for Banff Applicants

Average age: 42
Oldest age: 62
Youngest age: 28


Incomes for Banff Applicants

The figures below represent the average income of Canadians living in Banff who have submitted a mortgage inquiry using the pre-approval application on CanEquity's web site.

Average annual gross income for
mortgage applicants in Banff: $55,757.14
applicants within all of Canada: $56,395.43
Difference: ($638.29)
  
mortgage co-applicants in Banff: $57,675.00
co-applicants within all of Canada: $39,386.13
Difference: $18,288.87

Note: Commercial Mortgage loans were not included for this report, only residential loans amounts from Banff, Alberta were used.

Residential Status for Banff Mortgage Applicants

The information shown below represents the residential status of people living in Banff who have applied for a mortgage using CanEquity's online mortgage application.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 50.0%
Own: 37.5%
No Comment: 12.5%
Banff Residential Status Pie Chart

Marital Status for Banff Mortgage Applicants

The following table and pie chart represents the marital status of applicants from Banff, Alberta using the preapproval application located at the CanEquity web site. Approximately 62% of the mortgage applicants are living together with someone, while only 37% are not living with someone.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 50.0%
Single: 25.0%
Divorced: 12.5%
Common-law: 12.5%
Banff Marital Status Pie Chart