Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2010: | * 21.92% | * 0.04% |
| 2009: | 21.92% | 0.04% |
| 2008: | 17.81% | 0.03% |
| 2007: | 8.22% | 0.01% |
| 2006: | 6.85% | 0.01% |
| 2005: | 6.85% | 0.01% |
| 2004: | 1.37% | 0.00% |
| 2003: | 8.22% | 0.01% |
| 2002: | 6.85% | 0.01% |
The 6-year bar graph below displays the volumes of Internet applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Cold Lake mostly occur during our second quarter (represented by the green bars) with 43.84% while our slowest is the fourth quarter (represented by the red bars) with 13.70%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | April: | 21.9% | |
| 2: | May: | 16.4% | |
| 3: | January: | 8.2% | |
| 4: | February: | 8.2% | |
| 5: | July: | 8.2% | |
| 6: | August: | 8.2% | |
| 7: | March: | 6.8% | |
| 8: | November: | 5.5% | |
| 9: | June: | 5.5% | |
| 10: | October: | 5.5% | |
| 11: | December: | 2.7% | |
| 12: | September: | 2.7% |
The graph listed below displays the busy days for online inquiries that were received by the CanEquity web site. Each day is a representation of the combined 6-year total of all instances of that day. In Cold Lake, the day with the most volume, having more than 17.81% of all applications, is Friday. In comparison, Sunday's are the slowest day with only 6.85% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Friday: | 17.8% | |
| 2: | Monday: | 16.4% | |
| 3: | Tuesday: | 16.4% | |
| 4: | Wednesday: | 15.1% | |
| 5: | Thursday: | 15.1% | |
| 6: | Saturday: | 12.3% | |
| 7: | Sunday: | 6.8% |
In Cold Lake, applications are received 24 hours a day on the CanEquity web site. The report shown below indicates the peak hours within a 24-hour period. The data is taken from all days of all years. Only 26.0% of all mortgages are received during the morning, while 71.2% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 2.7% |
| 03:00 to 03:59: | 1.4% |
| 06:00 to 06:59: | 1.4% |
| 08:00 to 08:59: | 1.4% |
| 09:00 to 09:59: | 5.5% |
| 10:00 to 10:59: | 5.5% |
| 11:00 to 11:59: | 11.0% |
| 12:00 to 12:59: | 5.5% |
| 13:00 to 13:59: | 8.2% |
| 14:00 to 14:59: | 4.1% |
| 15:00 to 15:59: | 9.6% |
| 16:00 to 16:59: | 11.0% |
| 17:00 to 17:59: | 8.2% |
| 18:00 to 18:59: | 2.7% |
| 19:00 to 19:59: | 4.1% |
| 20:00 to 20:59: | 9.6% |
| 21:00 to 21:59: | 2.7% |
| 22:00 to 22:59: | 2.7% |
| 23:00 to 23:59: | 2.7% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.20% |
| 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: | 0.47% |
| Quebec: | 4.12% |
| Saskatchewan: | 5.02% |
| Yukon Territories: | 0.29% |
| Location | Contribution | |
|---|---|---|
| 009: | MEDICINE HAT, AB | 0.294% |
| 010: | AIRDRIE, AB | 0.276% |
| 011: | OKOTOKS, AB | 0.263% |
| 012: | SPRUCE GROVE, AB | 0.219% |
| 013: | BROOKS, AB | 0.197% |
| 014: | COLD LAKE, AB | 0.160% |
| 015: | WHITECOURT, AB | 0.156% |
| 016: | STONY PLAIN, AB | 0.151% |
| 017: | EDSON, AB | 0.121% |
| 018: | LLOYDMINSTER, AB | 0.118% |
| 019: | WETASKIWIN, AB | 0.116% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 26.0% | |
| No Money Down: | 24.7% | |
| First-time Buyer: | 21.9% | |
| Refinance: | 13.7% | |
| Renewal: | 6.8% | |
| Purchase: | 4.1% | |
| Long Term Fixed: | 1.4% | |
| Home Renovation: | 1.4% | |
| Total Application Types Found: 8 | ||
Average age: 33
Oldest age: 59
Youngest age: 20
The amounts shown below represent the average income of Canadians living in Cold Lake who have applied for a loan using CanEquity's online mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Cold Lake: | $58,097.31 |
| applicants within all of Canada: | $58,945.88 |
| Difference: | ($848.57) |
| mortgage co-applicants in Cold Lake: | $36,050.08 |
| co-applicants within all of Canada: | $41,522.27 |
| Difference: | ($5,472.19) |
The following depicts the residential status of people living in Cold Lake who have submitted an inquiry using the CanEquity mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 68.5% | |
| Own: | 23.3% | |
| No Comment: | 8.2% |
The following information represents the marital status of applicants from Cold Lake, Alberta using the mortgage application located at canequity.com. Approximately 65% of the mortgage applicants are either married or living common-law, while only 34% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 50.7% | |
| Single: | 28.8% | |
| Common-law: | 15.1% | |
| Divorced: | 5.5% |
