Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 14.01% | 0.04% |
| 2010: | 5.73% | 0.02% |
| 2009: | 12.74% | 0.04% |
| 2008: | 14.65% | 0.04% |
| 2007: | 13.38% | 0.04% |
| 2006: | 11.47% | 0.03% |
| 2005: | 12.10% | 0.04% |
| 2004: | 4.46% | 0.01% |
| 2003: | 5.73% | 0.02% |
| 2002: | 5.73% | 0.02% |
This bar graph illustrates CanEquity's individual monthly volume history for Internet mortgage pre-approval applications sent from Medicine Hat, AB.
This bar graph displays the volumes of mortgage 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 31.21% while our slowest is the fourth quarter (represented by the red bars) with 15.92%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | March: | 12.1% | |
| 2: | May: | 11.5% | |
| 3: | January: | 10.8% | |
| 4: | September: | 10.8% | |
| 5: | July: | 10.2% | |
| 6: | June: | 10.2% | |
| 7: | April: | 9.6% | |
| 8: | November: | 7.6% | |
| 9: | February: | 7.0% | |
| 10: | October: | 5.7% | |
| 11: | December: | 2.5% | |
| 12: | August: | 1.9% |
The graph listed below compares the busy days for mortgage inquiries that were received by CanEquity's web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In Medicine Hat the busiest day of the week, with 21.66% of all submissions, is Tuesday. In comparison, Saturday's are the slowest day with only 7.64% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Tuesday: | 21.7% | |
| 2: | Thursday: | 15.9% | |
| 3: | Wednesday: | 14.7% | |
| 4: | Monday: | 14.0% | |
| 5: | Sunday: | 13.4% | |
| 6: | Friday: | 12.7% | |
| 7: | Saturday: | 7.6% |
Medicine Hat mortgage applications are received 24 hours a day from our web site. The time periods below indicates the busy 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: | 1.9% |
| 02:00 to 02:59: | 1.3% |
| 07:00 to 07:59: | 1.3% |
| 08:00 to 08:59: | 2.5% |
| 09:00 to 09:59: | 3.8% |
| 10:00 to 10:59: | 5.1% |
| 11:00 to 11:59: | 3.8% |
| 12:00 to 12:59: | 7.6% |
| 13:00 to 13:59: | 7.6% |
| 14:00 to 14:59: | 7.6% |
| 15:00 to 15:59: | 7.0% |
| 16:00 to 16:59: | 4.5% |
| 17:00 to 17:59: | 5.7% |
| 18:00 to 18:59: | 2.5% |
| 19:00 to 19:59: | 5.1% |
| 20:00 to 20:59: | 8.9% |
| 21:00 to 21:59: | 8.9% |
| 22:00 to 22:59: | 9.6% |
| 23:00 to 23:59: | 5.1% |
| 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 | |
|---|---|---|
| 005: | LETHBRIDGE, AB | 0.434% |
| 006: | SHERWOOD PARK, AB | 0.413% |
| 007: | OKOTOKS, AB | 0.327% |
| 008: | GRANDE PRAIRIE, AB | 0.325% |
| 009: | ST ALBERT, AB | 0.323% |
| 010: | MEDICINE HAT, AB | 0.296% |
| 011: | AIRDRIE, AB | 0.291% |
| 012: | SPRUCE GROVE, AB | 0.221% |
| 013: | BROOKS, AB | 0.189% |
| 014: | COLD LAKE, AB | 0.172% |
| 015: | WHITECOURT, AB | 0.151% |
| 1 | Redcliff, Alberta |
| 2 | Ralston, Alberta |
| 3 | Suffield, Alberta |
| 4 | Bow Island, Alberta |
| 5 | Tilley, Alberta |
| 6 | Brooks, Alberta |
| 7 | Burstall, Saskatchewan |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 22.9% | |
| First-time Buyer: | 17.2% | |
| Refinance: | 17.2% | |
| No Money Down: | 15.3% | |
| Purchase: | 12.1% | |
| Renewal: | 10.2% | |
| Pre-approval: | 1.3% | |
| Second Mortgage: | 1.3% | |
| Variable Rate: | 1.3% | |
| Other: | 1.2% | |
| Total Application Types Found: 11 | ||
Average age: 35
Oldest age: 80
Youngest age: 20
The information below represents the average income of Canadians living in Medicine Hat who have submitted a mortgage inquiry using the online application located at the CanEquity web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Medicine Hat: | $55,583.35 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($3,915.11) |
| mortgage co-applicants in Medicine Hat: | $43,937.89 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | $1,534.76 |
The information below represents the residential status of people living in Medicine Hat who have submitted a mortgage inquiry using CanEquity's preapproval application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 47.1% | |
| Own: | 38.9% | |
| Other: | 1.3% | |
| No Comment: | 7.0% | |
| Live with parents: | 5.7% |
The following information represents the marital status of applicants from Medicine Hat, Alberta using the online mortgage application found on the CanEquity Mortgage web site. In Medicine Hat, 61% of the mortgage applicants are either married or living common-law, while only 36% are not living with someone.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 47.8% | |
| Single: | 33.1% | |
| Common-law: | 14.0% | |
| Separated: | 2.5% | |
| Divorced: | 1.3% | |
| Widowed: | 1.3% |
