Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 5.88% | 0.01% |
| 2010: | 7.84% | 0.01% |
| 2009: | 17.65% | 0.02% |
| 2008: | 5.88% | 0.01% |
| 2007: | 5.88% | 0.01% |
| 2006: | 19.61% | 0.02% |
| 2005: | 11.77% | 0.01% |
| 2004: | 7.84% | 0.01% |
| 2003: | 7.84% | 0.01% |
| 2002: | 9.80% | 0.01% |
The following bar graph depicts the volumes of online mortgage applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Canmore mostly occur during our second quarter (represented by the green bars) with 31.37% while our slowest is the fourth quarter (represented by the red bars) with 15.69%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | May: | 13.7% | |
| 2: | July: | 11.8% | |
| 3: | October: | 9.8% | |
| 4: | June: | 9.8% | |
| 5: | September: | 9.8% | |
| 6: | January: | 7.8% | |
| 7: | April: | 7.8% | |
| 8: | February: | 7.8% | |
| 9: | August: | 7.8% | |
| 10: | March: | 7.8% | |
| 11: | December: | 3.9% | |
| 12: | November: | 2.0% |
The information below shows the busy days for Internet mortgage applications that were received by our web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In Canmore the busiest day, with approximately 25.49% of all applications, is Tuesday. In comparison, Saturday's are the slowest day with only 5.88% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Tuesday: | 25.5% | |
| 2: | Monday: | 23.5% | |
| 3: | Thursday: | 17.6% | |
| 4: | Friday: | 11.8% | |
| 5: | Wednesday: | 7.8% | |
| 6: | Sunday: | 7.8% | |
| 7: | Saturday: | 5.9% |
In Canmore, mortgages are received 24 hours a day from our web site. The graph shown below indicates the rush hours within a 24-hour period. The data is taken from all days of all years. Only 17.6% of all mortgages are received during the morning, while 78.4% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 3.9% |
| 07:00 to 07:59: | 2.0% |
| 09:00 to 09:59: | 5.9% |
| 10:00 to 10:59: | 5.9% |
| 11:00 to 11:59: | 3.9% |
| 12:00 to 12:59: | 7.8% |
| 13:00 to 13:59: | 5.9% |
| 14:00 to 14:59: | 17.6% |
| 15:00 to 15:59: | 9.8% |
| 16:00 to 16:59: | 5.9% |
| 17:00 to 17:59: | 2.0% |
| 18:00 to 18:59: | 7.8% |
| 19:00 to 19:59: | 5.9% |
| 20:00 to 20:59: | 2.0% |
| 21:00 to 21:59: | 2.0% |
| 22:00 to 22:59: | 5.9% |
| 23:00 to 23:59: | 5.9% |
| 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 | |
|---|---|---|
| 021: | SYLVAN LAKE, AB | 0.111% |
| 022: | WETASKIWIN, AB | 0.108% |
| 023: | OLDS, AB | 0.100% |
| 024: | FORT SASKATCHEWAN, AB | 0.098% |
| 025: | COCHRANE, AB | 0.098% |
| 026: | CANMORE, AB | 0.096% |
| 027: | HIGH RIVER, AB | 0.091% |
| 028: | CAMROSE, AB | 0.087% |
| 029: | CHESTERMERE, AB | 0.085% |
| 030: | LACOMBE, AB | 0.081% |
| 031: | INNISFAIL, AB | 0.077% |
| 1 | Lac Des Arcs, Alberta |
| 2 | Exshaw, Alberta |
| 3 | Banff, Alberta |
| 4 | Cochrane, Alberta |
| 5 | Lake Louise, Alberta |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 27.5% | |
| First-time Buyer: | 15.7% | |
| Renewal: | 13.7% | |
| No Money Down: | 11.8% | |
| Purchase: | 11.8% | |
| Refinance: | 5.9% | |
| Low Doc: | 3.9% | |
| Second Mortgage: | 3.9% | |
| Pre-approval: | 2.0% | |
| Commercial: | 2.0% | |
| Equity Mortgage: | 2.0% | |
| Total Application Types Found: 11 | ||
Average age: 38
Oldest age: 59
Youngest age: 23
The information below represents the average income of applicants living in Canmore who have submitted an inquiry using CanEquity's pre-approval application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Canmore: | $68,100.19 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $8,601.72 |
| mortgage co-applicants in Canmore: | $52,291.33 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | $9,888.20 |
The information shown below represents the residential status of people living in Canmore who have applied for a loan using CanEquity's preapproval application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 49.0% | |
| Own: | 39.2% | |
| Other: | 3.9% | |
| No Comment: | 7.8% |
The following pie chart represents the marital status of applicants from Canmore, Alberta using the online mortgage application located at the CanEquity web site. 54% of the mortgage applicants are living together with someone, while only 45% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Single: | 37.3% | |
| Married: | 31.4% | |
| Common-law: | 23.5% | |
| Separated: | 7.8% |
