Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 7.14% | 0.00% |
| 2010: | 10.71% | 0.01% |
| 2009: | 25.00% | 0.01% |
| 2008: | 21.43% | 0.01% |
| 2007: | 17.86% | 0.01% |
| 2006: | 3.57% | 0.00% |
| 2005: | 3.57% | 0.00% |
| 2003: | 7.14% | 0.00% |
| 2002: | 3.57% | 0.00% |
The graph below compares the busy days for mortgage inquiries that were received by the CanEquity web site. Each day is a representation of the combined 6-year total of all instances of that day. In Barrhead, the day with the most volume, generating 32.14% of all applications, is Tuesday. In comparison, Wednesday's are the slowest day with only 7.14% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Tuesday: | 32.1% | |
| 2: | Sunday: | 17.9% | |
| 3: | Saturday: | 14.3% | |
| 4: | Monday: | 10.7% | |
| 5: | Thursday: | 10.7% | |
| 6: | Friday: | 7.1% | |
| 7: | Wednesday: | 7.1% |
In Barrhead, mortgage applications are received 24 hours a day from our web site. The following represents the rush hours over a 24-hour period. The data is taken from all days of all years. Only 46.4% of all mortgages are received during the morning, while 53.6% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 09:00 to 09:59: | 14.3% |
| 10:00 to 10:59: | 14.3% |
| 11:00 to 11:59: | 17.9% |
| 12:00 to 12:59: | 10.7% |
| 13:00 to 13:59: | 3.6% |
| 14:00 to 14:59: | 7.1% |
| 15:00 to 15:59: | 3.6% |
| 17:00 to 17:59: | 10.7% |
| 18:00 to 18:59: | 3.6% |
| 19:00 to 19:59: | 3.6% |
| 20:00 to 20:59: | 7.1% |
| 21:00 to 21:59: | 3.6% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 20.94% |
| British Columbia: | 10.57% |
| Manitoba: | 2.06% |
| New Brunswick: | 2.43% |
| Newfoundland and Labrador: | 1.25% |
| Nova Scotia: | 3.28% |
| Northwest Territories: | 0.40% |
| Nunavut: | 0.10% |
| Ontario: | 48.07% |
| Prince Edward Island: | 0.53% |
| Quebec: | 3.97% |
| Saskatchewan: | 4.94% |
| Yukon Territories: | 0.41% |
| Location | Contribution | |
|---|---|---|
| 035: | SLAVE LAKE, AB | 0.060% |
| 036: | DRAYTON VALLEY, AB | 0.060% |
| 037: | DEVON, AB | 0.057% |
| 038: | PEACE RIVER, AB | 0.055% |
| 039: | PONOKA, AB | 0.055% |
| 040: | BARRHEAD, AB | 0.053% |
| 041: | ATHABASCA, AB | 0.053% |
| 042: | HIGH PRAIRIE, AB | 0.053% |
| 043: | TABER, AB | 0.049% |
| 044: | BONNYVILLE, AB | 0.047% |
| 045: | STETTLER, AB | 0.045% |
| 1 | Swan Hills, Alberta |
| 2 | Sangudo, Alberta |
| 3 | Westlock, Alberta |
| 4 | Evansburg, Alberta |
| 5 | Onoway, Alberta |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| No Money Down: | 25.0% | |
| Qualification: | 21.4% | |
| First-time Buyer: | 17.9% | |
| Renewal: | 10.7% | |
| Refinance: | 10.7% | |
| Fixed Rate: | 3.6% | |
| Commercial: | 3.6% | |
| Purchase: | 3.6% | |
| Home Renovation: | 3.6% | |
| Total Application Types Found: 9 | ||
Average age: 35
Oldest age: 56
Youngest age: 22
The amounts below are the average income of applicants living in Barrhead who have submitted an inquiry using the online application located at the CanEquity web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Barrhead: | $57,130.63 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($2,367.84) |
| mortgage co-applicants in Barrhead: | $40,238.50 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($2,164.63) |
The information below represents the residential status of people living in Barrhead who have applied for a mortgage using the pre-approval application on CanEquity's web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 46.4% | |
| Own: | 39.3% | |
| No Comment: | 10.7% | |
| Live with parents: | 3.6% |
The information below shows the marital status of applicants from Barrhead, Alberta using the mortgage application found on canequity.com. Over 82% of the mortgage applicants are living together with someone, while only 17% are not living with someone.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 71.4% | |
| Single: | 14.3% | |
| Common-law: | 10.7% | |
| Divorced: | 3.6% |
