Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 9.00% | 0.02% |
| 2010: | 11.00% | 0.02% |
| 2009: | 8.00% | 0.01% |
| 2008: | 11.00% | 0.02% |
| 2007: | 17.00% | 0.03% |
| 2006: | 8.00% | 0.01% |
| 2005: | 11.00% | 0.02% |
| 2004: | 9.00% | 0.02% |
| 2003: | 9.00% | 0.02% |
| 2002: | 7.00% | 0.01% |
The 6-year bar graph below represents the volumes of Web applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Brooks usually occur during our second quarter (represented by the green bars) with 38.00% while our slowest is the third quarter (represented by the blue bars) with 15.00%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | May: | 19.0% | |
| 2: | February: | 12.0% | |
| 3: | April: | 10.0% | |
| 4: | January: | 9.0% | |
| 5: | March: | 9.0% | |
| 6: | June: | 9.0% | |
| 7: | September: | 8.0% | |
| 8: | November: | 6.0% | |
| 9: | December: | 6.0% | |
| 10: | October: | 5.0% | |
| 11: | July: | 4.0% | |
| 12: | August: | 3.0% |
The graph below displays the busy days for online mortgage applications that were received by our web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Brooks the most busy day of the week, with 21.00% of all submissions, is Thursday. In comparison, Sunday's are the slowest day with only 8.00% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Thursday: | 21.0% | |
| 2: | Monday: | 19.0% | |
| 3: | Wednesday: | 19.0% | |
| 4: | Tuesday: | 15.0% | |
| 5: | Saturday: | 10.0% | |
| 6: | Friday: | 8.0% | |
| 7: | Sunday: | 8.0% |
Brooks mortgage applications are received 24 hours a day on our web site. The graph shown below represents the peak hours within a 24-hour period. The data is taken from all days of all years. Only 22.0% of all mortgages are received during the morning, while 75.0% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 01:00 to 01:59: | 3.0% |
| 03:00 to 03:59: | 1.0% |
| 04:00 to 04:59: | 2.0% |
| 07:00 to 07:59: | 3.0% |
| 08:00 to 08:59: | 1.0% |
| 09:00 to 09:59: | 2.0% |
| 10:00 to 10:59: | 6.0% |
| 11:00 to 11:59: | 7.0% |
| 12:00 to 12:59: | 3.0% |
| 13:00 to 13:59: | 6.0% |
| 14:00 to 14:59: | 5.0% |
| 15:00 to 15:59: | 9.0% |
| 16:00 to 16:59: | 2.0% |
| 17:00 to 17:59: | 9.0% |
| 18:00 to 18:59: | 4.0% |
| 19:00 to 19:59: | 5.0% |
| 20:00 to 20:59: | 7.0% |
| 21:00 to 21:59: | 9.0% |
| 22:00 to 22:59: | 9.0% |
| 23:00 to 23:59: | 7.0% |
| 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 | |
|---|---|---|
| 008: | GRANDE PRAIRIE, AB | 0.325% |
| 009: | ST ALBERT, AB | 0.323% |
| 010: | MEDICINE HAT, AB | 0.296% |
| 011: | AIRDRIE, AB | 0.291% |
| 012: | SPRUCE GROVE, AB | 0.221% |
| 013: | BROOKS, AB | 0.189% |
| 014: | COLD LAKE, AB | 0.172% |
| 015: | WHITECOURT, AB | 0.151% |
| 016: | STONY PLAIN, AB | 0.147% |
| 017: | LLOYDMINSTER, AB | 0.121% |
| 018: | EDSON, AB | 0.115% |
| 1 | Tilley, Alberta |
| 2 | Rosemary, Alberta |
| 3 | Bassano, Alberta |
| 4 | Ralston, Alberta |
| 5 | Milo, Alberta |
| 6 | Vauxhall, Alberta |
| 7 | Suffield, Alberta |
| 8 | Redcliff, Alberta |
| 9 | Strathmore, Alberta |
| 10 | Medicine Hat, Alberta |
| 11 | Bow Island, Alberta |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 24.0% | |
| No Money Down: | 22.0% | |
| First-time Buyer: | 22.0% | |
| Refinance: | 18.0% | |
| Pre-approval: | 4.0% | |
| Purchase: | 4.0% | |
| Renewal: | 3.0% | |
| Low Doc: | 1.0% | |
| Investment: | 1.0% | |
| Variable Rate: | 1.0% | |
| Total Application Types Found: 10 | ||
Average age: 32
Oldest age: 60
Youngest age: 20
The information below represents the average income of people living in Brooks who have submitted an inquiry using the CanEquity mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Brooks: | $63,121.09 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $3,622.63 |
| mortgage co-applicants in Brooks: | $34,625.08 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($7,778.05) |
The following table represents the residential status of people living in Brooks who have submitted an inquiry using the pre-approval application on CanEquity's web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 50.0% | |
| Own: | 39.0% | |
| Other: | 2.0% | |
| No Comment: | 7.0% | |
| Live with parents: | 2.0% |
The information below shows the marital status of applicants from Brooks, Alberta using the preapproval application found at the CanEquity web site. Approximately 60% of the mortgage applicants are living together with someone, while only 40% are not living with someone.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 38.0% | |
| Single: | 34.0% | |
| Common-law: | 22.0% | |
| Divorced: | 3.0% | |
| Separated: | 3.0% |
