Last report update for Lethbridge: Tuesday, May 13, 2008
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Lethbridge Mortgages

Alberta Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Applications from Lethbridge

Year Year to Year
Comparison
** National
Contribution
2008: * 12.31% * 0.05%
2007: 20.77% 0.09%
2006: 18.46% 0.08%
2005: 11.54% 0.05%
2004: 15.39% 0.07%
2003: 8.46% 0.04%
2002: 13.08% 0.06%

Note: * These values are the percentages up to Tuesday, May 13, 2008. Estimated volume targets for the entire 2008 year are 30.77% and 0.13% respectively. ** Total national contribution of Lethbridge mortgages in the past is currently 0.43% with a projected target of 0.51%.

Busy Months for Mortgage Applications within Lethbridge

The following bar graph represents the volumes of mortgage applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Lethbridge occur during our second quarter (represented by the green bars) with 36.92% while our slowest is the fourth quarter (represented by the red bars) with 16.92%.

RankMonth Percentage
of Inquiries
1: April: 15.4%
2: May: 13.1%
3: February: 8.5%
4: March: 8.5%
5: June: 8.5%
6: November: 7.7%
7: January: 7.7%
8: July: 7.7%
9: August: 6.9%
10: September: 6.9%
11: October: 6.2%
12: December: 3.1%
Busy Months Report for Lethbridge Mortgages

Busy Days for Online Applications within Lethbridge

The graph below plots the busy days for online applications that were received by CanEquity's web site. A combined total of all occurrences of each day are represented for the past 5 years. In Lethbridge the most busy day of the week, with 19.23% of all inquiries, is Tuesday. In comparison, Sunday's are the slowest day with only 6.15% of all inquiries.

Rank Day of the
Week
Percentage
of Inquiries
1: Tuesday: 19.2%
2: Thursday: 18.5%
3: Friday: 16.9%
4: Wednesday: 15.4%
5: Monday: 13.1%
6: Saturday: 10.8%
7: Sunday: 6.2%
Busy Days Report for Lethbridge Mortgages

Peak Hours for Mortgage Applicants within Lethbridge

Inquiries are received 24 hours a day via the CanEquity web site. The following represents the busy hours over a 24-hour period. The data is taken from all days of all years. Only 24.6% of all mortgages are received before noon, while 67.7% arrive in the afternoon.


Time Period
(24 Hour)
Percentage
of Inquiries
00:00 to 00:59: 4.6%
01:00 to 01:59: 1.5%
02:00 to 02:59: 1.5%
07:00 to 07:59: 1.5%
08:00 to 08:59: 5.4%
09:00 to 09:59: 4.6%
10:00 to 10:59: 6.2%
11:00 to 11:59: 6.9%
12:00 to 12:59: 4.6%
13:00 to 13:59: 8.5%
14:00 to 14:59: 8.5%
15:00 to 15:59: 6.9%
16:00 to 16:59: 6.2%
17:00 to 17:59: 5.4%
18:00 to 18:59: 7.7%
19:00 to 19:59: 5.4%
20:00 to 20:59: 3.1%
21:00 to 21:59: 3.1%
22:00 to 22:59: 5.4%
23:00 to 23:59: 3.1%
Peak Hours Graph for Mortgages in Lethbridge

Note: Only hours that have had mortgages from Lethbridge, Alberta are shown.

Alberta Mortgage Originations Compared to all other Provinces


Online Mortgage Origination
for the Province of
Percentage of
applications
Alberta 21.01%
British Columbia: 11.48%
Manitoba: 2.11%
New Brunswick: 2.02%
Newfoundland and Labrador: 1.14%
Nova Scotia: 2.78%
Northwest Territories: 0.30%
Nunavut: 0.08%
Ontario: 48.62%
Prince Edward Island: 0.35%
Quebec: 3.80%
Saskatchewan: 5.59%
Yukon Territories: 0.21%
Lethbridge Mortgages

Current City Standing within Alberta


Location Contribution
001:  CALGARY, AB 7.339%
002:  EDMONTON, AB 4.598%
003:  RED DEER, AB 0.602%
004:  FORT MCMURRAY, AB 0.506%
005:  LETHBRIDGE, AB 0.430%
006:  SHERWOOD PARK, AB 0.430%
007:  GRANDE PRAIRIE, AB 0.357%
008:  MEDICINE HAT, AB 0.311%
009:  ST ALBERT, AB 0.301%
010:  AIRDRIE, AB 0.255%

Nearest Settlements


1Coalhurst, Alberta
2Raymond, Alberta
3Coaldale, Alberta
4Fort Macleod, Alberta
5Iron Springs, Alberta
6Stirling, Alberta
7Barnwell, Alberta
8Claresholm, Alberta
9Nobleford, Alberta
10Diamond City, Alberta
11Picture Butte, Alberta
12Granum, Alberta
13Taber, Alberta
14Cardston, Alberta


Product Popularity for Lethbridge


Mortgage Application
Form Type
  Percentage
of Inquiries
Qualification: 26.2%
Refinance: 16.9%
First-time Buyer: 16.2%
Renewal: 13.1%
No Money Down: 11.5%
Purchase: 5.4%
Variable Rate: 3.1%
Equity Mortgage: 1.5%
Investment: 1.5%
Other: 4.8%
 
Total Application Types Found: 15
 Lethbridge Mortgage Product Popularity Pie Chart

Age Demographics for Lethbridge Applicants

Average age: 39
Oldest age: 68
Youngest age: 19


Incomes for Lethbridge Applicants

The information below represents the average income of applicants living in Lethbridge who have submitted an inquiry using the CanEquity mortgage application.

Average annual gross income for
mortgage applicants in Lethbridge: $50,729.89
applicants within all of Canada: $56,384.30
Difference: ($5,654.41)
  
mortgage co-applicants in Lethbridge: $28,036.81
co-applicants within all of Canada: $39,375.53
Difference: ($11,338.72)

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

Residential Status for Lethbridge Based Mortgages

The following depicts the residential status of people living in Lethbridge who have applied for a mortgage loan using CanEquity's online mortgage application.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 35.4%
Own: 44.6%
Other: 1.5%
No Comment: 14.6%
Live with parents: 3.8%
Lethbridge Residential Status Pie Chart

Marital Statistics for Lethbridge Based Mortgages

The following information represents the marital status of applicants from Lethbridge, Alberta using the preapproval application found at canequity.com. In Lethbridge, 70% of the mortgage applicants are living together with someone, while only 28% are single or separated.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 51.5%
Single: 21.5%
Common-law: 19.2%
Divorced: 4.6%
Separated: 2.3%
Widowed: 0.8%
Lethbridge Marital Status Pie Chart