Ontario Mortgage # 10896
Saskatchewan Mortgage # 311514
Real Estate Council of Alberta Authorized
BC Mortgage # X028126
- Last mortgage report update for Elk Point: Wednesday, February 8, 2012   
CanEquity Mortgage and Insurance Canada
Canadian Mortgage Rates,
Calculators, News & Insurance
Canadian Mortgage Statistics


Mortgage Stats
Tell a Friend
Rate calculator

Related Links:
Ardmore
Bonnyville
Glendon
Islay
Kitscoty
Mannville
Marwayne
Myrnam
St Paul
Onion Lake

Elk Point Mortgages

Alberta Mortgage Statistics, Graphs and Charts

Map of Elk Point requires Adobe Flash Player 7 or higher.

Yearly Volume Comparison for Mortgages Originating from Elk Point

Year Year to Year
Comparison
** National
Contribution
2011: 10.00% 0.00%
2010: 20.00% 0.00%
2009: 20.00% 0.00%
2008: 20.00% 0.00%
2007: 10.00% 0.00%
2005: 10.00% 0.00%
2003: 10.00% 0.00%

Note: ** Total national contribution of Elk Point mortgages in the past is currently 0.02% with a projected target of 0.02%.

Current City Standing within Alberta


Location Contribution
086:  TURNER VALLEY, AB 0.021%
087:  THORSBY, AB 0.021%
088:  CARSTAIRS, AB 0.019%
089:  CAROLINE, AB 0.019%
090:  FORT MACLEOD, AB 0.019%
091:  ELK POINT, AB 0.019%
092:  ALBERTA BEACH, AB 0.019%
093:  EVANSBURG, AB 0.019%
094:  BEAVERLODGE, AB 0.017%
095:  BLAIRMORE, AB 0.017%
096:  GLENDON, AB 0.017%

Nearest Settlements


1St Paul, Alberta
2Marwayne, Alberta
3Islay, Alberta
4Bonnyville, Alberta
5Glendon, Alberta
6Kitscoty, Alberta
7Myrnam, Alberta
8Ardmore, Alberta
9Mannville, Alberta
10Onion Lake, Saskatchewan
11Lloydminster, Alberta


Product Popularity for Elk Point


Mortgage Application
Form Type
  Percentage
of Inquiries
Refinance: 40.0%
Purchase: 20.0%
Qualification: 20.0%
Investment: 10.0%
First-time Buyer: 10.0%
 
Total Application Types Found: 5
 Elk Point Mortgage Product Popularity Pie Chart

Age Demographics for Elk Point Mortgages

Average age: 46
Oldest age: 68
Youngest age: 25


Incomes for Elk Point Mortgages

The amounts below are the average income of applicants living in Elk Point who have applied for a loan using the CanEquity mortgage application.

Average annual gross income for
mortgage applicants in Elk Point: $86,539.38
applicants within all of Canada: $59,498.47
Difference: $27,040.91
  

Since the average income of Elk Point is notability higher than our 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 Elk Point: $82,800.00
applicants within all of Canada: $59,498.47
Difference: $23,301.53

Note: Commercial loans were not included for this survey, only residential mortgage loan amounts from Elk Point, Alberta were used.

Residential Status for Elk Point Mortgages

The chart and pie-graph below depicts the residential status of people living in Elk Point who have submitted an inquiry using the pre-approval application on the CanEquity Mortgage web site.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 40.0%
Own: 50.0%
No Comment: 10.0%
Elk Point Residential Status Pie Chart

Marital Status for Elk Point Mortgages

The information below shows the marital status of applicants from Elk Point, Alberta using the mortgage application located at the CanEquity web site. In Elk Point, approximately 70% of the mortgage applicants are living with someone, while only 30% are single, separated or divorced.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 70.0%
Single: 20.0%
Divorced: 10.0%
Elk Point Marital Status Pie Chart