Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 7.14% | 0.00% |
| 2010: | 14.29% | 0.00% |
| 2009: | 21.43% | 0.01% |
| 2008: | 7.14% | 0.00% |
| 2007: | 14.29% | 0.00% |
| 2006: | 7.14% | 0.00% |
| 2004: | 7.14% | 0.00% |
| 2003: | 7.14% | 0.00% |
| 2002: | 14.29% | 0.00% |
| Location | Contribution | |
|---|---|---|
| 065: | LAC LA BICHE, AB | 0.030% |
| 066: | RIMBEY, AB | 0.028% |
| 067: | BLACKFALDS, AB | 0.028% |
| 068: | HANNA, AB | 0.028% |
| 069: | LANGDON, AB | 0.028% |
| 070: | BANFF, AB | 0.026% |
| 071: | COALDALE, AB | 0.026% |
| 072: | WEMBLEY, AB | 0.026% |
| 073: | MILLET, AB | 0.026% |
| 074: | LEGAL, AB | 0.026% |
| 075: | LANCASTER PARK, AB | 0.025% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Refinance: | 28.6% | |
| Renewal: | 14.3% | |
| Qualification: | 14.3% | |
| No Money Down: | 14.3% | |
| Pre-approval: | 14.3% | |
| Commercial: | 7.1% | |
| Variable Rate: | 7.1% | |
| Total Application Types Found: 7 | ||
Average age: 43
Oldest age: 62
Youngest age: 28
The amounts below are the average income of Canadians living in Banff who have applied for a home loan using the CanEquity mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Banff: | $45,561.54 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($13,936.93) |
| mortgage co-applicants in Banff: | $58,116.67 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | $15,713.54 |
The table and pie chart below represents the residential status of people living in Banff who have applied for a mortgage loan using CanEquity's online mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 35.7% | |
| Own: | 50.0% | |
| No Comment: | 7.1% | |
| Live with parents: | 7.1% |
The information below shows the marital status of applicants from Banff, Alberta using the mortgage application located at canequity.com. In Banff, approximately 57% of the mortgage applicants are living common-law or married, while only 35% are not living with someone.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 42.9% | |
| Single: | 21.4% | |
| Divorced: | 14.3% | |
| Common-law: | 14.3% | |
| Widowed: | 7.1% |
