Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 9.62% | 0.01% |
| 2010: | 15.39% | 0.01% |
| 2009: | 13.46% | 0.01% |
| 2008: | 13.46% | 0.01% |
| 2007: | 13.46% | 0.01% |
| 2006: | 9.62% | 0.01% |
| 2005: | 9.62% | 0.01% |
| 2004: | 3.85% | 0.00% |
| 2003: | 7.69% | 0.01% |
| 2002: | 3.85% | 0.00% |
The bar graph below represents the volumes of Internet applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Fort Saskatchewan mostly occur during our second quarter (represented by the green bars) with 30.77% while our slowest is the fourth quarter (represented by the red bars) with 19.23%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | April: | 15.4% | |
| 2: | February: | 13.5% | |
| 3: | August: | 11.5% | |
| 4: | October: | 9.6% | |
| 5: | June: | 9.6% | |
| 6: | September: | 9.6% | |
| 7: | January: | 5.8% | |
| 8: | May: | 5.8% | |
| 9: | December: | 5.8% | |
| 10: | July: | 5.8% | |
| 11: | November: | 3.9% | |
| 12: | March: | 3.9% |
The information listed below shows the busy days for online applications that were received by our web site. Each day is a representation of the combined 6-year total of all instances of that day. In Fort Saskatchewan the busiest day of the week, with 30.77% of all inquiries, is Monday. In comparison, Thursday's are the slowest day with only 5.77% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 30.8% | |
| 2: | Wednesday: | 17.3% | |
| 3: | Tuesday: | 15.4% | |
| 4: | Friday: | 11.5% | |
| 5: | Saturday: | 11.5% | |
| 6: | Sunday: | 7.7% | |
| 7: | Thursday: | 5.8% |
Applications are received 24 hours a day via the CanEquity web site. The following indicates the busy hours in the day. The data is taken from all days of all years. Only 40.4% of all mortgages are received before noon, while 55.8% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 1.9% |
| 01:00 to 01:59: | 1.9% |
| 05:00 to 05:59: | 1.9% |
| 07:00 to 07:59: | 3.8% |
| 08:00 to 08:59: | 1.9% |
| 09:00 to 09:59: | 19.2% |
| 10:00 to 10:59: | 7.7% |
| 11:00 to 11:59: | 5.8% |
| 12:00 to 12:59: | 5.8% |
| 13:00 to 13:59: | 3.8% |
| 14:00 to 14:59: | 3.8% |
| 15:00 to 15:59: | 5.8% |
| 16:00 to 16:59: | 5.8% |
| 17:00 to 17:59: | 3.8% |
| 18:00 to 18:59: | 5.8% |
| 19:00 to 19:59: | 3.8% |
| 20:00 to 20:59: | 7.7% |
| 21:00 to 21:59: | 5.8% |
| 22:00 to 22:59: | 3.8% |
| 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 | |
|---|---|---|
| 019: | LEDUC, AB | 0.113% |
| 020: | STRATHMORE, AB | 0.111% |
| 021: | SYLVAN LAKE, AB | 0.111% |
| 022: | WETASKIWIN, AB | 0.108% |
| 023: | OLDS, AB | 0.100% |
| 024: | FORT SASKATCHEWAN, AB | 0.098% |
| 025: | COCHRANE, AB | 0.098% |
| 026: | CANMORE, AB | 0.096% |
| 027: | HIGH RIVER, AB | 0.091% |
| 028: | CAMROSE, AB | 0.087% |
| 029: | CHESTERMERE, AB | 0.085% |
| 1 | Bon Accord, Alberta |
| 2 | Bruderheim, Alberta |
| 3 | Lancaster Park, Alberta |
| 4 | Gibbons, Alberta |
| 5 | Redwater, Alberta |
| 6 | Edmonton, Alberta |
| 7 | St Michael, Alberta |
| 8 | Ardrossan, Alberta |
| 9 | Morinville, Alberta |
| 10 | Legal, Alberta |
| 11 | Sherwood Park, Alberta |
| 12 | St Albert, Alberta |
| 13 | Westlock, Alberta |
| 14 | Spruce Grove, Alberta |
| 15 | Vegreville, Alberta |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| First-time Buyer: | 23.1% | |
| Refinance: | 23.1% | |
| Renewal: | 13.5% | |
| Qualification: | 9.6% | |
| No Money Down: | 9.6% | |
| Purchase: | 7.7% | |
| Investment: | 3.8% | |
| Variable Rate: | 3.8% | |
| Fixed Rate: | 1.9% | |
| Pre-approval: | 1.9% | |
| Long Term Fixed: | 1.9% | |
| Total Application Types Found: 11 | ||
Average age: 35
Oldest age: 55
Youngest age: 21
The figures below represent the average income of people living in Fort Saskatchewan who have submitted an inquiry using the online application located at the CanEquity web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Fort Saskatchewan: | $65,978.91 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $6,480.45 |
| mortgage co-applicants in Fort Saskatchewan: | $40,843.48 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($1,559.65) |
The following table represents the residential status of people living in Fort Saskatchewan who have applied for a mortgage loan using the pre-approval application on the CanEquity Mortgage web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 34.6% | |
| Own: | 48.1% | |
| Other: | 1.9% | |
| No Comment: | 7.7% | |
| Live with parents: | 7.7% |
The information below shows the marital status of applicants from Fort Saskatchewan, Alberta using the preapproval application located at the CanEquity web site. Over 73% of the mortgage applicants are either married or living common-law, while only 26% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 48.1% | |
| Common-law: | 25.0% | |
| Single: | 21.2% | |
| Divorced: | 5.8% |
