Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 13.46% | 0.01% |
| 2010: | 11.54% | 0.01% |
| 2009: | 11.54% | 0.01% |
| 2008: | 5.77% | 0.01% |
| 2007: | 15.39% | 0.01% |
| 2006: | 9.62% | 0.01% |
| 2005: | 17.31% | 0.02% |
| 2003: | 9.62% | 0.01% |
| 2002: | 5.77% | 0.01% |
This graph illustrates the volumes of mortgage applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Cochrane occur during our second quarter (represented by the green bars) with 36.54% while our slowest is the third quarter (represented by the blue bars) with 13.46%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | April: | 13.5% | |
| 2: | January: | 11.5% | |
| 3: | May: | 11.5% | |
| 4: | March: | 11.5% | |
| 5: | October: | 11.5% | |
| 6: | June: | 11.5% | |
| 7: | November: | 7.7% | |
| 8: | July: | 7.7% | |
| 9: | February: | 5.8% | |
| 10: | September: | 3.9% | |
| 11: | December: | 1.9% | |
| 12: | August: | 1.9% |
The data below illustrates the busy days for mortgage inquiries that were received by our web site. Each day is a representation of the combined 6-year total of all instances of that day. In Cochrane the busiest day of the week, with 26.92% of all submissions, is Wednesday. In comparison, Saturday's are the slowest day with only 9.62% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Wednesday: | 26.9% | |
| 2: | Thursday: | 19.2% | |
| 3: | Tuesday: | 13.5% | |
| 4: | Monday: | 11.5% | |
| 5: | Friday: | 9.6% | |
| 6: | Sunday: | 9.6% | |
| 7: | Saturday: | 9.6% |
Mortgage inquiries are received 24 hours a day via the CanEquity web site. The information shown below represents the rush hours in the day. The data is taken from all days of all years. Only 30.8% of all mortgages are received before noon, while 67.3% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 01:00 to 01:59: | 1.9% |
| 08:00 to 08:59: | 5.8% |
| 09:00 to 09:59: | 3.8% |
| 10:00 to 10:59: | 11.5% |
| 11:00 to 11:59: | 9.6% |
| 12:00 to 12:59: | 11.5% |
| 13:00 to 13:59: | 5.8% |
| 14:00 to 14:59: | 9.6% |
| 15:00 to 15:59: | 7.7% |
| 16:00 to 16:59: | 7.7% |
| 17:00 to 17:59: | 5.8% |
| 18:00 to 18:59: | 3.8% |
| 20:00 to 20:59: | 1.9% |
| 21:00 to 21:59: | 3.8% |
| 22:00 to 22:59: | 3.8% |
| 23:00 to 23:59: | 5.8% |
| 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 | |
|---|---|---|
| 020: | STRATHMORE, AB | 0.111% |
| 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% |
| 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: | 21.2% | |
| Refinance: | 21.2% | |
| First-time Buyer: | 15.4% | |
| No Money Down: | 13.5% | |
| Purchase: | 13.5% | |
| Renewal: | 5.8% | |
| Variable Rate: | 3.8% | |
| Reverse Mortgage: | 1.9% | |
| Pre-approval: | 1.9% | |
| Commercial: | 1.9% | |
| Total Application Types Found: 10 | ||
Average age: 37
Oldest age: 57
Youngest age: 21
The figures below represent the average income of people living in Cochrane who have applied for a home loan using the pre-approval application on the CanEquity Mortgage web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Cochrane: | $69,348.48 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $9,850.01 |
| mortgage co-applicants in Cochrane: | $53,690.48 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | $11,287.35 |
The pie chart below shows the residential status of people living in Cochrane who have applied for a loan using the online application located at the CanEquity web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 34.6% | |
| Own: | 50.0% | |
| Other: | 5.8% | |
| No Comment: | 5.8% | |
| Live with parents: | 3.8% |
The following pie chart represents the marital status of applicants from Cochrane, Alberta using the online mortgage application found on the CanEquity Mortgage web site. 80% of the mortgage applicants are either married or living common-law, while only 19% are not living with someone.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 53.8% | |
| Common-law: | 26.9% | |
| Single: | 17.3% | |
| Separated: | 1.9% |
