Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 9.76% | 0.44% |
| 2010: | 11.20% | 0.50% |
| 2009: | 14.33% | 0.64% |
| 2008: | 11.83% | 0.53% |
| 2007: | 13.02% | 0.58% |
| 2006: | 12.43% | 0.56% |
| 2005: | 8.16% | 0.36% |
| 2004: | 5.20% | 0.23% |
| 2003: | 6.59% | 0.29% |
| 2002: | 7.48% | 0.33% |
This bar graph illustrates the individual monthly volume history for Internet mortgage pre-approval applications received from Edmonton, AB.
The following bar graph displays the volumes of applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Edmonton mostly occur during our second quarter (represented by the green bars) with 29.75% while our slowest is the fourth quarter (represented by the red bars) with 18.77%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | April: | 10.4% | |
| 2: | March: | 10.4% | |
| 3: | May: | 9.7% | |
| 4: | June: | 9.6% | |
| 5: | January: | 9.6% | |
| 6: | February: | 8.4% | |
| 7: | July: | 7.8% | |
| 8: | August: | 7.7% | |
| 9: | September: | 7.7% | |
| 10: | October: | 7.5% | |
| 11: | November: | 6.3% | |
| 12: | December: | 5.0% |
The bar graph listed below displays the busy days for Internet mortgage applications that were received by CanEquity's web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Edmonton the most busy day of the week, with 19.36% of all submissions, is Tuesday. In comparison, Saturday's are the slowest day with only 9.43% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Tuesday: | 19.4% | |
| 2: | Monday: | 18.5% | |
| 3: | Wednesday: | 16.2% | |
| 4: | Thursday: | 13.2% | |
| 5: | Friday: | 12.8% | |
| 6: | Sunday: | 10.5% | |
| 7: | Saturday: | 9.4% |
| 1: | 009 on Wednesday, May 20, 2009. |
| 2: | 009 on Tuesday, March 25, 2008. |
| 3: | 007 on Tuesday, April 7, 2009. |
| 4: | 007 on Monday, March 29, 2010. |
| 5: | 006 on Tuesday, November 16, 2010. |
| 6: | 006 on Monday, May 2, 2011. |
| 7: | 006 on Friday, September 16, 2005. |
| 8: | 006 on Monday, August 31, 2009. |
| 9: | 006 on Saturday, February 10, 2007. |
| 10: | 005 on Monday, February 5, 2007. |
Mortgage inquiries are received 24 hours a day via the CanEquity web site. The report shown below indicates the rush hours within a 24-hour period. The data is taken from all days of all years. Only 23.9% of all mortgages are received before noon, while 72.4% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 1.8% |
| 01:00 to 01:59: | 1.4% |
| 02:00 to 02:59: | 0.5% |
| 03:00 to 03:59: | 0.3% |
| 04:00 to 04:59: | 0.4% |
| 05:00 to 05:59: | 0.5% |
| 06:00 to 06:59: | 0.5% |
| 07:00 to 07:59: | 1.8% |
| 08:00 to 08:59: | 2.4% |
| 09:00 to 09:59: | 4.3% |
| 10:00 to 10:59: | 6.4% |
| 11:00 to 11:59: | 7.4% |
| 12:00 to 12:59: | 6.8% |
| 13:00 to 13:59: | 8.1% |
| 14:00 to 14:59: | 7.0% |
| 15:00 to 15:59: | 7.0% |
| 16:00 to 16:59: | 6.6% |
| 17:00 to 17:59: | 5.8% |
| 18:00 to 18:59: | 5.9% |
| 19:00 to 19:59: | 6.0% |
| 20:00 to 20:59: | 5.3% |
| 21:00 to 21:59: | 5.4% |
| 22:00 to 22:59: | 5.2% |
| 23:00 to 23:59: | 3.3% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 20.94% |
| British Columbia: | 10.57% |
| Manitoba: | 2.06% |
| New Brunswick: | 2.43% |
| Newfoundland and Labrador: | 1.25% |
| Nova Scotia: | 3.28% |
| Northwest Territories: | 0.40% |
| Nunavut: | 0.10% |
| Ontario: | 48.07% |
| Prince Edward Island: | 0.53% |
| Quebec: | 3.97% |
| Saskatchewan: | 4.94% |
| Yukon Territories: | 0.41% |
| Location | Contribution | |
|---|---|---|
| 001: | CALGARY, AB | 6.844% |
| 002: | EDMONTON, AB | 4.466% |
| 003: | RED DEER, AB | 0.610% |
| 004: | FORT MCMURRAY, AB | 0.602% |
| 005: | LETHBRIDGE, AB | 0.434% |
| 006: | SHERWOOD PARK, AB | 0.413% |
| 007: | OKOTOKS, AB | 0.327% |
| 11 | Carvel, Alberta |
| 12 | Beaumont, Alberta |
| 13 | Ardrossan, Alberta |
| 14 | Redwater, Alberta |
| 15 | Calmar, Alberta |
| 16 | Onoway, Alberta |
| 17 | Leduc, Alberta |
| 18 | Bruderheim, Alberta |
| 19 | Kingman, Alberta |
| 20 | Tofield, Alberta |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 23.8% | |
| First-time Buyer: | 22.3% | |
| No Money Down: | 14.8% | |
| Refinance: | 11.2% | |
| Purchase: | 9.9% | |
| Renewal: | 9.4% | |
| Variable Rate: | 2.3% | |
| Pre-approval: | 2.3% | |
| Other: | 4% | |
| Total Application Types Found: 19 | ||
Average age: 36
Oldest age: 84
Youngest age: 19
The numbers below represent the average income of people living in Edmonton who have applied for a home loan using the online application located at the CanEquity web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Edmonton: | $58,890.53 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($607.93) |
| mortgage co-applicants in Edmonton: | $42,757.27 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | $354.14 |
The information shown below represents the residential status of people living in Edmonton who have applied for a home loan using the pre-approval application on CanEquity's web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 50.8% | |
| Own: | 34.6% | |
| Other: | 1.8% | |
| No Comment: | 8.7% | |
| Live with parents: | 4.1% |
The information below shows the marital status of applicants from Edmonton, Alberta using the preapproval application found at canequity.com. In Edmonton, approximately 57% of the mortgage applicants are living with someone, while only 41% are not married or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 42.8% | |
| Single: | 33.8% | |
| Common-law: | 14.8% | |
| Divorced: | 4.5% | |
| Separated: | 3.6% | |
| Widowed: | 0.5% |
