Last report update for Devon: Monday, June 30, 2008
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Related Links:
Beaumont
Calmar
Carvel
Edmonton
Lancaster Park
Leduc
Spruce Grove
Stony Plain
Thorsby
Warburg

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Devon Mortgages

Alberta Mortgage Statistics, Graphs and Charts

Map of Devon requires Adobe Flash Player 7 or higher.

Yearly Volume Comparison for Mortgages Received from Devon

Year Year to Year
Comparison
** National
Contribution
2008: * 8.33% * 0.00%
2007: 50.00% 0.02%
2004: 25.00% 0.01%
2003: 8.33% 0.00%
2002: 8.33% 0.00%

Note: * These values are the percentages up to Monday, June 30, 2008. Estimated volume targets for the entire 2008 year are 8.33% and 0.00% respectively. ** Total national contribution of Devon mortgages in the past is currently 0.04% with a projected target of 0.04%.

Current City Standing within Alberta


Location Contribution
048:  ST PAUL, AB 0.042%
049:  WAINWRIGHT, AB 0.042%
050:  MORINVILLE, AB 0.042%
051:  THREE HILLS, AB 0.042%
052:  BONNYVILLE, AB 0.039%
053:  DEVON, AB 0.039%
054:  REDCLIFF, AB 0.039%
055:  LAC LA BICHE, AB 0.039%
056:  LANGDON, AB 0.039%
057:  VEGREVILLE, AB 0.035%
058:  COALDALE, AB 0.035%

Nearest Settlements


1Beaumont, Alberta
2Stony Plain, Alberta
3Calmar, Alberta
4Spruce Grove, Alberta
5Leduc, Alberta
6Carvel, Alberta
7Edmonton, Alberta
8Thorsby, Alberta
9Lancaster Park, Alberta
10Warburg, Alberta
11Sherwood Park, Alberta
12St Albert, Alberta
13Breton, Alberta
14Alberta Beach, Alberta
15Millet, Alberta


Product Popularity for Devon


Mortgage Application
Form Type
  Percentage
of Inquiries
Qualification: 25.0%
First-time Buyer: 25.0%
Renewal: 16.7%
No Money Down: 16.7%
Refinance: 8.3%
Pre-approval: 8.3%
 
Total Application Types Found: 6
 Devon Mortgage Product Popularity Pie Chart

Age Demographics for Devon Originated Mortgages

Average age: 33
Oldest age: 49
Youngest age: 23


Incomes for Devon Originated Mortgages

The numbers below represent the average income of Canadians living in Devon who have applied for a mortgage loan using the pre-approval application on CanEquity's web site.

Average annual gross income for
mortgage applicants in Devon: $84,476.67
applicants within all of Canada: $56,539.94
Difference: $27,936.72
  
mortgage co-applicants in Devon: $36,400.00
co-applicants within all of Canada: $39,480.41
Difference: ($3,080.41)

Since the average income of Devon is much higher than the Canadian national average, we have included the MEDIAN annual gross income for this location. A reason for such a high average is usually due to a high income that is just under our cut-off of acceptable incomes of <$500,000. In rare cases, some applicants may have entered an extra digit (ie. 400000 instead of 40000), which will also sway the averages in smaller areas. In such a case, we will correct the data accordingly.

Median annual gross income for
mortgage applicants in Devon: $82,500.00
applicants within all of Canada: $56,539.94
Difference: $25,960.06

Note: Commercial loan amounts were not included for this report, only residential loans amounts from Devon, Alberta were used.

Residential Status for Devon Mortgages

The chart and pie-graph below depicts the residential status of people living in Devon who have applied for a home loan using CanEquity's online mortgage application.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 58.3%
Own: 33.3%
No Comment: 8.3%
Devon Residential Status Pie Chart

Marital Stats for Devon Mortgages

The following information represents the marital status of applicants from Devon, Alberta using the mortgage preapproval application found on the CanEquity Mortgage web site. Approximately 83% of the mortgage applicants are living with someone, while only 16% are not married or separated.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Common-law: 41.7%
Married: 41.7%
Single: 16.7%
Devon Marital Status Pie Chart