Cochrane Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2010: | * 2.50% | * 0.00% |
| 2009: | 15.00% | 0.01% |
| 2008: | 7.50% | 0.01% |
| 2007: | 20.00% | 0.02% |
| 2006: | 12.50% | 0.01% |
| 2005: | 22.50% | 0.02% |
| 2003: | 12.50% | 0.01% |
| 2002: | 7.50% | 0.01% |
The information listed below illustrates the busy days for mortgage applications 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 Cochrane the most busy day of the week, with 27.50% of all inquiries, is Wednesday. In comparison, Saturday's are the slowest day with only 10.00% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Wednesday: | 27.5% | |
| 2: | Monday: | 15.0% | |
| 3: | Thursday: | 15.0% | |
| 4: | Friday: | 12.5% | |
| 5: | Tuesday: | 10.0% | |
| 6: | Sunday: | 10.0% | |
| 7: | Saturday: | 10.0% |
In Cochrane, mortgage applications are received 24 hours a day from the CanEquity web site. The graph shown below represents the peak hours over a 24-hour period. The data is taken from all days of all years. Only 30.0% of all mortgages are received during the morning, while 67.5% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 01:00 to 01:59: | 2.5% |
| 08:00 to 08:59: | 5.0% |
| 09:00 to 09:59: | 2.5% |
| 10:00 to 10:59: | 12.5% |
| 11:00 to 11:59: | 10.0% |
| 12:00 to 12:59: | 10.0% |
| 13:00 to 13:59: | 7.5% |
| 14:00 to 14:59: | 12.5% |
| 15:00 to 15:59: | 7.5% |
| 16:00 to 16:59: | 7.5% |
| 17:00 to 17:59: | 7.5% |
| 18:00 to 18:59: | 5.0% |
| 21:00 to 21:59: | 5.0% |
| 22:00 to 22:59: | 2.5% |
| 23:00 to 23:59: | 2.5% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.14% |
| British Columbia: | 10.92% |
| Manitoba: | 2.10% |
| New Brunswick: | 2.10% |
| Newfoundland and Labrador: | 1.14% |
| Nova Scotia: | 2.89% |
| Northwest Territories: | 0.31% |
| Nunavut: | 0.09% |
| Ontario: | 48.84% |
| Prince Edward Island: | 0.43% |
| Quebec: | 4.05% |
| Saskatchewan: | 5.08% |
| Yukon Territories: | 0.25% |
| Location | Contribution | |
|---|---|---|
| 021: | LLOYDMINSTER, AB | 0.105% |
| 022: | CANMORE, AB | 0.105% |
| 023: | OLDS, AB | 0.105% |
| 024: | FORT SASKATCHEWAN, AB | 0.101% |
| 025: | LACOMBE, AB | 0.096% |
| 026: | COCHRANE, AB | 0.096% |
| 027: | LEDUC, AB | 0.093% |
| 028: | HIGH RIVER, AB | 0.091% |
| 029: | CAMROSE, AB | 0.081% |
| 030: | ROCKY MOUNTAIN HOUSE, AB | 0.074% |
| 031: | INNISFAIL, AB | 0.072% |
| 1 | Cremona, Alberta |
| 2 | Calgary, Alberta |
| 3 | Balzac, Alberta |
| 4 | Airdrie, Alberta |
| 5 | Exshaw, Alberta |
| 6 | Lac Des Arcs, Alberta |
| 7 | Bragg Creek, Alberta |
| 8 | Crossfield, Alberta |
| 9 | Didsbury, Alberta |
| 10 | Carstairs, Alberta |
| 11 | Sundre, Alberta |
| 12 | De Winton, Alberta |
| 13 | Canmore, Alberta |
| 14 | Olds, Alberta |
| 15 | Bowden, Alberta |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 25.0% | |
| Refinance: | 22.5% | |
| Purchase: | 15.0% | |
| No Money Down: | 15.0% | |
| First-time Buyer: | 10.0% | |
| Renewal: | 7.5% | |
| Pre-approval: | 2.5% | |
| Variable Rate: | 2.5% | |
| Total Application Types Found: 8 | ||
Average age: 36
Oldest age: 57
Youngest age: 21
The following depicts the average income of applicants living in Cochrane who have submitted an inquiry using CanEquity's online mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Cochrane: | $66,784.59 |
| applicants within all of Canada: | $58,448.42 |
| Difference: | $8,336.17 |
| mortgage co-applicants in Cochrane: | $53,552.63 |
| co-applicants within all of Canada: | $41,110.46 |
| Difference: | $12,442.18 |
The information shown below represents the residential status of people living in Cochrane who have applied for a loan using the pre-approval application on the CanEquity Mortgage web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 30.0% | |
| Own: | 55.0% | |
| Other: | 5.0% | |
| No Comment: | 5.0% | |
| Live with parents: | 5.0% |
The following table and pie chart represents the marital status of applicants from Cochrane, Alberta using the mortgage application located at canequity.com. In Cochrane, approximately 77% of the mortgage applicants are living common-law or married, while only 22% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 50.0% | |
| Common-law: | 27.5% | |
| Single: | 20.0% | |
| Separated: | 2.5% |
