Cochrane Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2010: | * 4.88% | * 0.01% |
| 2009: | 14.63% | 0.01% |
| 2008: | 7.32% | 0.01% |
| 2007: | 19.51% | 0.02% |
| 2006: | 12.20% | 0.01% |
| 2005: | 21.95% | 0.02% |
| 2003: | 12.20% | 0.01% |
| 2002: | 7.32% | 0.01% |
The data below displays the busy days for online applications that were received by the CanEquity web site. A combined total of all occurrences of each day are represented for the past 5 years. In Cochrane the busiest day of the week, with 26.83% of all applications, is Wednesday. In comparison, Saturday's are the slowest day with only 9.76% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Wednesday: | 26.8% | |
| 2: | Monday: | 14.6% | |
| 3: | Thursday: | 14.6% | |
| 4: | Tuesday: | 12.2% | |
| 5: | Friday: | 12.2% | |
| 6: | Sunday: | 9.8% | |
| 7: | Saturday: | 9.8% |
In Cochrane, applications are received 24 hours a day on the CanEquity web site. The graph shown below represents the busy hours over a 24-hour period. The data is taken from all days of all years. Only 29.3% of all mortgages are received during the morning, while 68.3% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 01:00 to 01:59: | 2.4% |
| 08:00 to 08:59: | 4.9% |
| 09:00 to 09:59: | 2.4% |
| 10:00 to 10:59: | 12.2% |
| 11:00 to 11:59: | 9.8% |
| 12:00 to 12:59: | 9.8% |
| 13:00 to 13:59: | 7.3% |
| 14:00 to 14:59: | 12.2% |
| 15:00 to 15:59: | 7.3% |
| 16:00 to 16:59: | 7.3% |
| 17:00 to 17:59: | 7.3% |
| 18:00 to 18:59: | 4.9% |
| 21:00 to 21:59: | 4.9% |
| 22:00 to 22:59: | 2.4% |
| 23:00 to 23:59: | 4.9% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.10% |
| British Columbia: | 10.87% |
| Manitoba: | 2.09% |
| New Brunswick: | 2.10% |
| Newfoundland and Labrador: | 1.15% |
| Nova Scotia: | 2.91% |
| Northwest Territories: | 0.32% |
| Nunavut: | 0.08% |
| Ontario: | 48.83% |
| Prince Edward Island: | 0.44% |
| Quebec: | 4.14% |
| Saskatchewan: | 5.07% |
| Yukon Territories: | 0.26% |
| Location | Contribution | |
|---|---|---|
| 020: | CANMORE, AB | 0.108% |
| 021: | LLOYDMINSTER, AB | 0.106% |
| 022: | STRATHMORE, AB | 0.106% |
| 023: | OLDS, AB | 0.106% |
| 024: | FORT SASKATCHEWAN, AB | 0.099% |
| 025: | COCHRANE, AB | 0.096% |
| 026: | LACOMBE, AB | 0.094% |
| 027: | LEDUC, AB | 0.094% |
| 028: | HIGH RIVER, AB | 0.089% |
| 029: | CAMROSE, AB | 0.080% |
| 030: | 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 | |
|---|---|---|
| Qualification: | 24.4% | |
| Refinance: | 22.0% | |
| No Money Down: | 17.1% | |
| Purchase: | 14.6% | |
| First-time Buyer: | 9.8% | |
| Renewal: | 7.3% | |
| Pre-approval: | 2.4% | |
| Variable Rate: | 2.4% | |
| Total Application Types Found: 8 | ||
Average age: 36
Oldest age: 57
Youngest age: 21
The following figures show the average income of applicants living in Cochrane who have applied for a mortgage loan using CanEquity's pre-approval application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Cochrane: | $68,448.16 |
| applicants within all of Canada: | $58,582.39 |
| Difference: | $9,865.77 |
| mortgage co-applicants in Cochrane: | $55,125.00 |
| co-applicants within all of Canada: | $41,225.82 |
| Difference: | $13,899.18 |
The table and pie chart below represents the residential status of people living in Cochrane who have applied for a mortgage loan using CanEquity's online mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 29.3% | |
| Own: | 56.1% | |
| Other: | 4.9% | |
| No Comment: | 4.9% | |
| Live with parents: | 4.9% |
The information below shows the marital status of applicants from Cochrane, Alberta using the mortgage application found on canequity.com. 78% of the mortgage applicants are living together with someone, while only 21% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 51.2% | |
| Common-law: | 26.8% | |
| Single: | 19.5% | |
| Separated: | 2.4% |
