Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2012: | * 1.61% | * 0.00% |
| 2011: | 9.68% | 0.01% |
| 2010: | 11.29% | 0.01% |
| 2009: | 16.13% | 0.02% |
| 2008: | 16.13% | 0.02% |
| 2007: | 6.45% | 0.01% |
| 2006: | 9.68% | 0.01% |
| 2005: | 9.68% | 0.01% |
| 2004: | 4.84% | 0.01% |
| 2003: | 3.23% | 0.00% |
| 2002: | 11.29% | 0.01% |
The 6-year bar graph below shows the volumes of Internet applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Edson occur during our second quarter (represented by the green bars) with 43.55% while our slowest is the fourth quarter (represented by the red bars) with 12.90%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | June: | 16.1% | |
| 2: | April: | 14.5% | |
| 3: | May: | 12.9% | |
| 4: | August: | 11.3% | |
| 5: | September: | 11.3% | |
| 6: | January: | 8.1% | |
| 7: | November: | 6.5% | |
| 8: | March: | 6.5% | |
| 9: | December: | 4.8% | |
| 10: | July: | 4.8% | |
| 11: | February: | 1.6% | |
| 12: | October: | 1.6% |
The graph listed below illustrates the busy days for Internet 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 Edson the busiest day, with approximately 20.97% of all applications, is Monday. In comparison, Sunday's are the slowest day with only 9.68% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 21.0% | |
| 2: | Tuesday: | 21.0% | |
| 3: | Saturday: | 14.5% | |
| 4: | Friday: | 11.3% | |
| 5: | Wednesday: | 11.3% | |
| 6: | Thursday: | 11.3% | |
| 7: | Sunday: | 9.7% |
In Edson, mortgage applications are received 24 hours a day on the CanEquity web site. The time periods below indicates the rush hours within a 24-hour period. The data is taken from all days of all years.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 1.6% |
| 01:00 to 01:59: | 3.2% |
| 02:00 to 02:59: | 1.6% |
| 04:00 to 04:59: | 1.6% |
| 05:00 to 05:59: | 1.6% |
| 07:00 to 07:59: | 1.6% |
| 08:00 to 08:59: | 3.2% |
| 09:00 to 09:59: | 3.2% |
| 10:00 to 10:59: | 3.2% |
| 11:00 to 11:59: | 3.2% |
| 12:00 to 12:59: | 4.8% |
| 13:00 to 13:59: | 4.8% |
| 14:00 to 14:59: | 1.6% |
| 15:00 to 15:59: | 11.3% |
| 16:00 to 16:59: | 9.7% |
| 17:00 to 17:59: | 4.8% |
| 18:00 to 18:59: | 6.5% |
| 19:00 to 19:59: | 9.7% |
| 20:00 to 20:59: | 3.2% |
| 21:00 to 21:59: | 6.5% |
| 22:00 to 22:59: | 4.8% |
| 23:00 to 23:59: | 8.1% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 20.94% |
| British Columbia: | 10.56% |
| Manitoba: | 2.05% |
| New Brunswick: | 2.44% |
| Newfoundland and Labrador: | 1.27% |
| Nova Scotia: | 3.30% |
| Northwest Territories: | 0.42% |
| Nunavut: | 0.10% |
| Ontario: | 47.81% |
| Prince Edward Island: | 0.52% |
| Quebec: | 3.94% |
| Saskatchewan: | 4.91% |
| Yukon Territories: | 0.43% |
| Location | Contribution | |
|---|---|---|
| 013: | BROOKS, AB | 0.190% |
| 014: | COLD LAKE, AB | 0.181% |
| 015: | WHITECOURT, AB | 0.150% |
| 016: | STONY PLAIN, AB | 0.143% |
| 017: | LLOYDMINSTER, AB | 0.123% |
| 018: | EDSON, AB | 0.112% |
| 019: | LEDUC, AB | 0.112% |
| 020: | SYLVAN LAKE, AB | 0.109% |
| 021: | STRATHMORE, AB | 0.107% |
| 022: | WETASKIWIN, AB | 0.103% |
| 023: | FORT SASKATCHEWAN, AB | 0.102% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| First-time Buyer: | 27.4% | |
| Qualification: | 24.2% | |
| Refinance: | 14.5% | |
| No Money Down: | 12.9% | |
| Purchase: | 6.5% | |
| Low Doc: | 4.8% | |
| Pre-approval: | 3.2% | |
| Renewal: | 1.6% | |
| Equity Mortgage: | 1.6% | |
| Home Renovation: | 1.6% | |
| HELOC: | 1.6% | |
| Total Application Types Found: 11 | ||
Average age: 36
Oldest age: 60
Youngest age: 19
The information below represents the average income of people living in Edson who have applied for a loan using CanEquity's online mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Edson: | $65,688.21 |
| applicants within all of Canada: | $59,709.04 |
| Difference: | $5,979.17 |
| mortgage co-applicants in Edson: | $34,751.50 |
| co-applicants within all of Canada: | $42,699.57 |
| Difference: | ($7,948.07) |
The following table represents the residential status of people living in Edson who have applied for a home loan using the online application located at the CanEquity web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 53.2% | |
| Own: | 37.1% | |
| No Comment: | 6.5% | |
| Live with parents: | 3.2% |
The following table and pie chart represents the marital status of applicants from Edson, Alberta using the mortgage application found at canequity.com. In Edson, over 72% of the mortgage applicants are either married or living common-law, while only 25% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 54.8% | |
| Common-law: | 17.7% | |
| Single: | 14.5% | |
| Separated: | 6.5% | |
| Divorced: | 4.8% | |
| Widowed: | 1.6% |
