Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2010: | * 7.14% | * 0.01% |
| 2009: | 14.29% | 0.01% |
| 2008: | 7.14% | 0.01% |
| 2007: | 19.05% | 0.02% |
| 2006: | 11.90% | 0.01% |
| 2005: | 21.43% | 0.02% |
| 2003: | 11.90% | 0.01% |
| 2002: | 7.14% | 0.01% |
The graph listed below shows the busy days for Internet mortgage applications that were received by CanEquity. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Cochrane the busiest day, with approximately 26.19% of all inquiries, is Wednesday. In comparison, Saturday's are the slowest day with only 9.52% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Wednesday: | 26.2% | |
| 2: | Thursday: | 16.7% | |
| 3: | Monday: | 14.3% | |
| 4: | Tuesday: | 11.9% | |
| 5: | Friday: | 11.9% | |
| 6: | Sunday: | 9.5% | |
| 7: | Saturday: | 9.5% |
Applications are received 24 hours a day on our web site. The information shown below represents the busy hours over a 24-hour period. The data is taken from all days of all years.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 01:00 to 01:59: | 2.4% |
| 08:00 to 08:59: | 4.8% |
| 09:00 to 09:59: | 2.4% |
| 10:00 to 10:59: | 11.9% |
| 11:00 to 11:59: | 9.5% |
| 12:00 to 12:59: | 9.5% |
| 13:00 to 13:59: | 7.1% |
| 14:00 to 14:59: | 11.9% |
| 15:00 to 15:59: | 7.1% |
| 16:00 to 16:59: | 7.1% |
| 17:00 to 17:59: | 7.1% |
| 18:00 to 18:59: | 4.8% |
| 20:00 to 20:59: | 2.4% |
| 21:00 to 21:59: | 4.8% |
| 22:00 to 22:59: | 2.4% |
| 23:00 to 23:59: | 4.8% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.21% |
| British Columbia: | 10.79% |
| Manitoba: | 2.11% |
| New Brunswick: | 2.19% |
| Newfoundland and Labrador: | 1.17% |
| Nova Scotia: | 3.03% |
| Northwest Territories: | 0.32% |
| Nunavut: | 0.09% |
| Ontario: | 48.60% |
| Prince Edward Island: | 0.46% |
| Quebec: | 4.12% |
| Saskatchewan: | 5.02% |
| Yukon Territories: | 0.28% |
| Location | Contribution | |
|---|---|---|
| 021: | STRATHMORE, AB | 0.110% |
| 022: | CANMORE, AB | 0.105% |
| 023: | OLDS, AB | 0.105% |
| 024: | FORT SASKATCHEWAN, AB | 0.103% |
| 025: | LEDUC, AB | 0.094% |
| 026: | COCHRANE, AB | 0.092% |
| 027: | LACOMBE, AB | 0.088% |
| 028: | HIGH RIVER, AB | 0.086% |
| 029: | CHESTERMERE, AB | 0.083% |
| 030: | CAMROSE, AB | 0.081% |
| 031: | INNISFAIL, AB | 0.075% |
| 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 | |
|---|---|---|
| Refinance: | 23.8% | |
| Qualification: | 23.8% | |
| No Money Down: | 16.7% | |
| Purchase: | 14.3% | |
| First-time Buyer: | 9.5% | |
| Renewal: | 7.1% | |
| Pre-approval: | 2.4% | |
| Variable Rate: | 2.4% | |
| Total Application Types Found: 8 | ||
Average age: 36
Oldest age: 57
Youngest age: 21
The amounts shown below represent the average income of people living in Cochrane who have submitted an inquiry using the online application located at the CanEquity web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Cochrane: | $68,846.92 |
| applicants within all of Canada: | $58,950.13 |
| Difference: | $9,896.79 |
| mortgage co-applicants in Cochrane: | $55,125.00 |
| co-applicants within all of Canada: | $41,517.38 |
| Difference: | $13,607.62 |
The chart and pie-graph below depicts the residential status of people living in Cochrane who have applied for a loan using CanEquity's online mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 28.6% | |
| Own: | 57.1% | |
| Other: | 4.8% | |
| No Comment: | 4.8% | |
| Live with parents: | 4.8% |
The pie chart below represents the marital status of applicants from Cochrane, Alberta using the preapproval application located at canequity.com. In Cochrane, over 78% of the mortgage applicants are living with someone, while only 21% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 52.4% | |
| Common-law: | 26.2% | |
| Single: | 19.0% | |
| Separated: | 2.4% |
