Last report update for Cold Lake: Thursday, May 15, 2008
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Cold Lake Mortgages

Alberta Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Mortgages Received from Cold Lake

Year Year to Year
Comparison
** National
Contribution
2008: * 17.65% * 0.02%
2007: 17.65% 0.02%
2006: 14.71% 0.02%
2005: 14.71% 0.02%
2004: 2.94% 0.00%
2003: 17.65% 0.02%
2002: 14.71% 0.02%

Note: * These values are the percentages up to Thursday, May 15, 2008. Estimated volume targets for the entire 2008 year are 41.18% and 0.05% respectively. ** Total national contribution of Cold Lake mortgages in the past is currently 0.11% with a projected target of 0.14%.

Busy Days for Mortgage Inquiries within Cold Lake

The information listed below shows the busy days for Internet applications that were received by CanEquity's web site. A combined total of all occurrences of each day are represented for the past 5 years. In Cold Lake the busiest day, with 17.65% of all applications, is Tuesday. In comparison, Sunday's are the slowest day with only 8.82% of all inquiries.

Rank Day of the
Week
Percentage
of Inquiries
1: Tuesday: 17.6%
2: Wednesday: 17.6%
3: Thursday: 17.6%
4: Friday: 14.7%
5: Saturday: 14.7%
6: Monday: 8.8%
7: Sunday: 8.8%
Busy Days Report for Cold Lake Mortgages

Peak Hours for Mortgages within Cold Lake

In Cold Lake, mortgages are received 24 hours a day on our web site. The following represents the peak hours over a 24-hour period. The data is taken from all days of all years. Only 23.5% of all mortgages are received during the morning, while 73.5% arrive in the afternoon.


Time Period
(24 Hour)
Percentage
of Inquiries
00:00 to 00:59: 2.9%
03:00 to 03:59: 2.9%
09:00 to 09:59: 2.9%
10:00 to 10:59: 5.9%
11:00 to 11:59: 11.8%
12:00 to 12:59: 8.8%
13:00 to 13:59: 8.8%
14:00 to 14:59: 2.9%
15:00 to 15:59: 2.9%
16:00 to 16:59: 17.6%
17:00 to 17:59: 11.8%
18:00 to 18:59: 2.9%
20:00 to 20:59: 5.9%
21:00 to 21:59: 2.9%
22:00 to 22:59: 2.9%
23:00 to 23:59: 5.9%
Peak Hours Graph for Mortgages in Cold Lake

Note: Only hours that have had mortgages from Cold Lake, 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: 11.47%
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: 0.36%
Quebec: 3.79%
Saskatchewan: 5.59%
Yukon Territories: 0.21%
Cold Lake Mortgages

Current City Standing within Alberta


Location Contribution
012:  SPRUCE GROVE, AB 0.198%
013:  OKOTOKS, AB 0.179%
014:  WHITECOURT, AB 0.145%
015:  STONY PLAIN, AB 0.126%
016:  CANMORE, AB 0.112%
017:  COLD LAKE, AB 0.112%
018:  WETASKIWIN, AB 0.109%
019:  FORT SASKATCHEWAN, AB 0.102%
020:  EDSON, AB 0.102%
021:  COCHRANE, AB 0.099%
022:  OLDS, AB 0.099%

Nearest Settlements


1Ardmore, Alberta
2Bonnyville, Alberta
3St Paul, Alberta


Product Popularity for Cold Lake


Mortgage Application
Form Type
  Percentage
of Inquiries
First-time Buyer: 29.4%
Qualification: 26.5%
Refinance: 20.6%
No Money Down: 8.8%
Renewal: 5.9%
Purchase: 2.9%
Home Renovation: 2.9%
Long Term Fixed: 2.9%
 
Total Application Types Found: 8
 Cold Lake Mortgage Product Popularity Pie Chart

Age Demographics for Cold Lake Mortgages

Average age: 36
Oldest age: 59
Youngest age: 22


Incomes for Cold Lake Mortgages

The figures below represent the average income of people living in Cold Lake who have submitted a mortgage inquiry using the CanEquity mortgage application.

Average annual gross income for
mortgage applicants in Cold Lake: $51,818.15
applicants within all of Canada: $56,395.43
Difference: ($4,577.28)
  
mortgage co-applicants in Cold Lake: $36,062.69
co-applicants within all of Canada: $39,386.13
Difference: ($3,323.43)

Note: Commercial Mortgage loans were not included for this report, only residential loans amounts were used.

Residential Status for Cold Lake Mortgage Applicants

The following table represents the residential status of people living in Cold Lake who have applied for a mortgage loan using the pre-approval application on the CanEquity Mortgage web site.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 55.9%
Own: 26.5%
No Comment: 17.6%
Cold Lake Residential Status Pie Chart

Marital Status for Cold Lake Mortgage Applicants

The following table and pie chart represents the marital status of applicants from Cold Lake, Alberta using the mortgage application found on canequity.com. In Cold Lake, over 79% of the mortgage applicants are living with someone, while only 20% are single, separated or divorced.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 61.8%
Common-law: 17.6%
Single: 11.8%
Divorced: 8.8%
Cold Lake Marital Status Pie Chart