Last report update for Cochrane: Tuesday, May 13, 2008
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Cochrane Mortgages

Alberta Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Mortgage Applications from Cochrane

Year Year to Year
Comparison
** National
Contribution
2007: 26.67% 0.03%
2006: 16.67% 0.02%
2005: 30.00% 0.03%
2003: 16.67% 0.02%
2002: 10.00% 0.01%

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

Busy Days for Online Mortgages within Cochrane

The graph below plots the busy days for mortgage applications that were received by CanEquity's web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In Cochrane the most busy day of the week, with 23.33% of all inquiries, is Wednesday. In comparison, Sunday's are the slowest day with only 10.00% of all inquiries.

Rank Day of the
Week
Percentage
of Inquiries
1: Wednesday: 23.3%
2: Monday: 20.0%
3: Thursday: 13.3%
4: Saturday: 13.3%
5: Tuesday: 10.0%
6: Friday: 10.0%
7: Sunday: 10.0%
Busy Days Report for Cochrane Mortgages

Peak Hours for Mortgage Applicants within Cochrane

Applications are received 24 hours a day via the CanEquity web site. The time periods below indicates 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: 3.3%
08:00 to 08:59: 6.7%
10:00 to 10:59: 13.3%
11:00 to 11:59: 10.0%
12:00 to 12:59: 10.0%
13:00 to 13:59: 3.3%
14:00 to 14:59: 13.3%
15:00 to 15:59: 6.7%
16:00 to 16:59: 3.3%
17:00 to 17:59: 10.0%
18:00 to 18:59: 6.7%
21:00 to 21:59: 6.7%
22:00 to 22:59: 3.3%
23:00 to 23:59: 3.3%
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 21.01%
British Columbia: 11.48%
Manitoba: 2.11%
New Brunswick: 2.02%
Newfoundland and Labrador: 1.14%
Nova Scotia: 2.78%
Northwest Territories: 0.30%
Nunavut: 0.08%
Ontario: 48.62%
Prince Edward Island: 0.35%
Quebec: 3.80%
Saskatchewan: 5.59%
Yukon Territories: 0.21%
Cochrane Mortgages

Current City Standing within Alberta


Location Contribution
016:  CANMORE, AB 0.113%
017:  COLD LAKE, AB 0.113%
018:  WETASKIWIN, AB 0.109%
019:  FORT SASKATCHEWAN, AB 0.103%
020:  EDSON, AB 0.103%
021:  COCHRANE, AB 0.099%
022:  OLDS, AB 0.099%
023:  SYLVAN LAKE, AB 0.099%
024:  LLOYDMINSTER, AB 0.096%
025:  LACOMBE, AB 0.093%
026:  HIGH RIVER, AB 0.093%

Nearest Settlements


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


Product Popularity for Cochrane


Mortgage Application
Form Type
  Percentage
of Inquiries
Refinance: 26.7%
Qualification: 23.3%
Purchase: 16.7%
No Money Down: 13.3%
Renewal: 6.7%
First-time Buyer: 6.7%
Pre-approval: 3.3%
Variable Rate: 3.3%
 
Total Application Types Found: 8
 Cochrane Mortgage Product Popularity Pie Chart

Age Demographics for Cochrane Mortgage Applicants

Average age: 35
Oldest age: 57
Youngest age: 21


Incomes for Cochrane Mortgage Applicants

The amounts below are the average income of Canadians living in Cochrane who have submitted an inquiry using the CanEquity mortgage application.

Average annual gross income for
mortgage applicants in Cochrane: $56,901.70
applicants within all of Canada: $56,384.30
Difference: $517.41
  
mortgage co-applicants in Cochrane: $54,392.86
co-applicants within all of Canada: $39,375.53
Difference: $15,017.33

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

Residential Status for Cochrane Based Mortgages

The information below represents the residential status of people living in Cochrane who have applied for a mortgage using the online application located at the CanEquity web site.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 26.7%
Own: 53.3%
Other: 6.7%
No Comment: 6.7%
Live with parents: 6.7%
Cochrane Residential Status Pie Chart

Marital Statistics for Cochrane Based Mortgages

The following table and pie chart represents the marital status of applicants from Cochrane, Alberta using the mortgage application found on the CanEquity Mortgage web site. Over 76% of the mortgage applicants are living with someone, while only 23% are not living with someone.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 50.0%
Common-law: 26.7%
Single: 23.3%
Cochrane Marital Status Pie Chart