Medicine Hat Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
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| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2008: | * 12.63% | * 0.04% |
| 2007: | 22.11% | 0.07% |
| 2006: | 18.95% | 0.06% |
| 2005: | 20.00% | 0.06% |
| 2004: | 7.37% | 0.02% |
| 2003: | 9.47% | 0.03% |
| 2002: | 9.47% | 0.03% |
This graph illustrates the volumes of Internet applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Medicine Hat mostly occur during our second quarter (represented by the green bars) with 34.74% while our slowest is the fourth quarter (represented by the red bars) with 9.47%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | May: | 13.7% | |
| 2: | September: | 13.7% | |
| 3: | January: | 11.6% | |
| 4: | June: | 11.6% | |
| 5: | March: | 10.5% | |
| 6: | April: | 9.5% | |
| 7: | February: | 8.4% | |
| 8: | July: | 8.4% | |
| 9: | November: | 5.3% | |
| 10: | August: | 3.2% | |
| 11: | December: | 2.1% | |
| 12: | October: | 2.1% |
The bar graph below displays the busy days for mortgage inquiries that were received by CanEquity. Each day is a representation of the combined 6-year total of all instances of that day. In Medicine Hat, the day with the most volume, having more than 20.00% of all applications, is Tuesday. In comparison, Saturday's are the slowest day with only 6.32% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Tuesday: | 20.0% | |
| 2: | Thursday: | 17.9% | |
| 3: | Friday: | 14.7% | |
| 4: | Wednesday: | 14.7% | |
| 5: | Monday: | 13.7% | |
| 6: | Sunday: | 12.6% | |
| 7: | Saturday: | 6.3% |
In Medicine Hat, inquiries are received 24 hours a day via the CanEquity web site. The information shown below indicates the busy hours within a 24-hour period. The data is taken from all days of all years. Only 15.8% of all mortgages are received during the morning, while 78.9% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 3.2% |
| 02:00 to 02:59: | 2.1% |
| 07:00 to 07:59: | 1.1% |
| 08:00 to 08:59: | 4.2% |
| 09:00 to 09:59: | 3.2% |
| 10:00 to 10:59: | 4.2% |
| 11:00 to 11:59: | 3.2% |
| 12:00 to 12:59: | 8.4% |
| 13:00 to 13:59: | 6.3% |
| 14:00 to 14:59: | 7.4% |
| 15:00 to 15:59: | 8.4% |
| 16:00 to 16:59: | 5.3% |
| 17:00 to 17:59: | 6.3% |
| 18:00 to 18:59: | 1.1% |
| 19:00 to 19:59: | 4.2% |
| 20:00 to 20:59: | 10.5% |
| 21:00 to 21:59: | 7.4% |
| 22:00 to 22:59: | 9.5% |
| 23:00 to 23:59: | 4.2% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.01% |
| British Columbia: | 11.46% |
| Manitoba: | 2.11% |
| New Brunswick: | 2.02% |
| Newfoundland and Labrador: | 1.14% |
| Nova Scotia: | 2.78% |
| Northwest Territories: | 0.30% |
| Nunavut: | 0.09% |
| Ontario: | 48.63% |
| Prince Edward Island: | 0.36% |
| Quebec: | 3.80% |
| Saskatchewan: | 5.59% |
| Yukon Territories: | 0.21% |
| Location | Contribution | |
|---|---|---|
| 003: | RED DEER, AB | 0.605% |
| 004: | FORT MCMURRAY, AB | 0.505% |
| 005: | LETHBRIDGE, AB | 0.429% |
| 006: | SHERWOOD PARK, AB | 0.429% |
| 007: | GRANDE PRAIRIE, AB | 0.357% |
| 008: | MEDICINE HAT, AB | 0.314% |
| 009: | ST ALBERT, AB | 0.301% |
| 010: | AIRDRIE, AB | 0.258% |
| 011: | BROOKS, AB | 0.208% |
| 012: | SPRUCE GROVE, AB | 0.198% |
| 013: | OKOTOKS, AB | 0.182% |
| 1 | Redcliff, Alberta |
| 2 | Ralston, Alberta |
| 3 | Suffield, Alberta |
| 4 | Brooks, Alberta |
| 5 | Burstall, Saskatchewan |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 24.2% | |
| First-time Buyer: | 22.1% | |
| Refinance: | 22.1% | |
| No Money Down: | 17.9% | |
| Renewal: | 7.4% | |
| Purchase: | 3.2% | |
| Fixed Rate: | 1.1% | |
| Second Mortgage: | 1.1% | |
| Variable Rate: | 1.1% | |
| Total Application Types Found: 9 | ||
Average age: 35
Oldest age: 80
Youngest age: 20
The numbers below represent the average income of applicants living in Medicine Hat who have applied for a mortgage loan using the online application located at the CanEquity web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Medicine Hat: | $49,735.58 |
| applicants within all of Canada: | $56,403.93 |
| Difference: | ($6,668.35) |
| mortgage co-applicants in Medicine Hat: | $28,496.48 |
| co-applicants within all of Canada: | $39,395.85 |
| Difference: | ($10,899.36) |
The following table represents the residential status of people living in Medicine Hat who have applied for a mortgage using the CanEquity mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 50.5% | |
| Own: | 33.7% | |
| Other: | 2.1% | |
| No Comment: | 11.6% | |
| Live with parents: | 2.1% |
The following table and pie chart represents the marital status of applicants from Medicine Hat, Alberta using the mortgage application located at the CanEquity web site. In Medicine Hat, approximately 56% of the mortgage applicants are living together with someone, while only 42% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 45.3% | |
| Single: | 35.8% | |
| Common-law: | 11.6% | |
| Separated: | 4.2% | |
| Divorced: | 2.1% | |
| Widowed: | 1.1% |
