Ontario Mortgage # 10896
Saskatchewan Mortgage # 311514
Real Estate Council of Alberta Authorized
BC Mortgage # X028126
- Last mortgage report update for Cochrane: Wednesday, February 1, 2012   
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Related Links:
Airdrie
Balzac
Bragg Creek
Calgary
Carstairs
Cremona
Crossfield
Didsbury
Exshaw
Lac Des Arcs

Cochrane Mortgages

Alberta Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Mortgage Inquiries from Cochrane

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%

Note: ** Total national contribution of Cochrane mortgages in the past is currently 0.10% with a projected target of 0.10%.

Busy Months for Mortgage Applications within Cochrane

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%.

RankMonth 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%
Busy Months Report for Cochrane Mortgages

Busy Days for Mortgage Applications within Cochrane

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%
Busy Days Report for Cochrane Mortgages

Peak Hours for Based Mortgages within Cochrane

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%
Peak Hours Graph for Mortgages in Cochrane

Note: Only hours that have had mortgages from Cochrane, Alberta are shown.

Alberta Mortgage Originations Compared to all other Provinces


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%
Cochrane Mortgages

Current City Standing within Alberta


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%

Nearest Settlements


1Cremona, Alberta
2Calgary, Alberta
3Balzac, Alberta
4Airdrie, Alberta
5Exshaw, Alberta
6Lac Des Arcs, Alberta
7Bragg Creek, Alberta
8Crossfield, Alberta
9Didsbury, Alberta
10Carstairs, Alberta
11Sundre, Alberta
12De Winton, Alberta
13Canmore, Alberta
14Olds, Alberta
15Bowden, Alberta


Product Popularity for Cochrane


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
 Cochrane Mortgage Product Popularity Pie Chart

Age Demographics for Cochrane Mortgage Applicants

Average age: 37
Oldest age: 57
Youngest age: 21


Incomes for Cochrane Mortgage Applicants

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

Note: Commercial loans were not included for this section, only residential mortgages were used.

Residential Status for Cochrane Mortgage Applicants

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%
Cochrane Residential Status Pie Chart

Marital Statistics for Cochrane Mortgage Applicants

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%
Cochrane Marital Status Pie Chart