Medicine Hat Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2010: | * 2.33% | * 0.01% |
| 2009: | 15.50% | 0.05% |
| 2008: | 17.83% | 0.05% |
| 2007: | 16.28% | 0.05% |
| 2006: | 13.95% | 0.04% |
| 2005: | 14.73% | 0.04% |
| 2004: | 5.43% | 0.02% |
| 2003: | 6.98% | 0.02% |
| 2002: | 6.98% | 0.02% |
This bar graph depicts the volumes of online 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 33.33% while our slowest is the fourth quarter (represented by the red bars) with 13.95%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | May: | 13.2% | |
| 2: | September: | 11.6% | |
| 3: | January: | 10.9% | |
| 4: | March: | 10.9% | |
| 5: | April: | 10.1% | |
| 6: | June: | 10.1% | |
| 7: | July: | 9.3% | |
| 8: | February: | 7.8% | |
| 9: | November: | 6.2% | |
| 10: | October: | 4.7% | |
| 11: | December: | 3.1% | |
| 12: | August: | 2.3% |
The graph below compares the busy days for Internet mortgage applications that were received by CanEquity's web site. 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 20.93% of all applications, is Tuesday. In comparison, Saturday's are the slowest day with only 6.98% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Tuesday: | 20.9% | |
| 2: | Thursday: | 16.3% | |
| 3: | Wednesday: | 15.5% | |
| 4: | Monday: | 14.7% | |
| 5: | Sunday: | 13.2% | |
| 6: | Friday: | 12.4% | |
| 7: | Saturday: | 7.0% |
In Medicine Hat, applications are received 24 hours a day from our web site. The statistics shown below indicates the rush hours within a 24-hour period. The data is taken from all days of all years. Only 16.3% of all mortgages are received before noon, while 79.8% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 2.3% |
| 02:00 to 02:59: | 1.6% |
| 07:00 to 07:59: | 0.8% |
| 08:00 to 08:59: | 3.1% |
| 09:00 to 09:59: | 3.9% |
| 10:00 to 10:59: | 3.9% |
| 11:00 to 11:59: | 4.7% |
| 12:00 to 12:59: | 8.5% |
| 13:00 to 13:59: | 7.8% |
| 14:00 to 14:59: | 7.0% |
| 15:00 to 15:59: | 6.2% |
| 16:00 to 16:59: | 4.7% |
| 17:00 to 17:59: | 5.4% |
| 18:00 to 18:59: | 2.3% |
| 19:00 to 19:59: | 4.7% |
| 20:00 to 20:59: | 9.3% |
| 21:00 to 21:59: | 8.5% |
| 22:00 to 22:59: | 11.6% |
| 23:00 to 23:59: | 3.9% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.10% |
| British Columbia: | 10.87% |
| Manitoba: | 2.09% |
| New Brunswick: | 2.10% |
| Newfoundland and Labrador: | 1.15% |
| Nova Scotia: | 2.91% |
| Northwest Territories: | 0.32% |
| Nunavut: | 0.08% |
| Ontario: | 48.83% |
| Prince Edward Island: | 0.44% |
| Quebec: | 4.14% |
| Saskatchewan: | 5.07% |
| Yukon Territories: | 0.26% |
| Location | Contribution | |
|---|---|---|
| 004: | FORT MCMURRAY, AB | 0.568% |
| 005: | LETHBRIDGE, AB | 0.423% |
| 006: | SHERWOOD PARK, AB | 0.401% |
| 007: | GRANDE PRAIRIE, AB | 0.350% |
| 008: | ST ALBERT, AB | 0.315% |
| 009: | MEDICINE HAT, AB | 0.303% |
| 010: | AIRDRIE, AB | 0.268% |
| 011: | OKOTOKS, AB | 0.239% |
| 012: | SPRUCE GROVE, AB | 0.211% |
| 013: | BROOKS, AB | 0.202% |
| 014: | WHITECOURT, AB | 0.153% |
| 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: | 23.3% | |
| First-time Buyer: | 19.4% | |
| Refinance: | 19.4% | |
| No Money Down: | 16.3% | |
| Renewal: | 10.9% | |
| Purchase: | 7.0% | |
| Variable Rate: | 1.6% | |
| Other: | 2.4% | |
| Total Application Types Found: 10 | ||
Average age: 35
Oldest age: 80
Youngest age: 20
The following depicts the average income of Canadians living in Medicine Hat who have applied for a mortgage loan using the CanEquity mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Medicine Hat: | $54,127.63 |
| applicants within all of Canada: | $58,582.39 |
| Difference: | ($4,454.76) |
| mortgage co-applicants in Medicine Hat: | $44,590.76 |
| co-applicants within all of Canada: | $41,225.82 |
| Difference: | $3,364.94 |
The chart and pie-graph below depicts the residential status of people living in Medicine Hat who have applied for a mortgage using the pre-approval application on the CanEquity Mortgage web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 48.1% | |
| Own: | 39.5% | |
| Other: | 1.6% | |
| No Comment: | 8.5% | |
| Live with parents: | 2.3% |
The following pie chart represents the marital status of applicants from Medicine Hat, Alberta using the mortgage application found on the CanEquity Mortgage web site. In Medicine Hat, approximately 62% 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: | 47.3% | |
| Single: | 31.8% | |
| Common-law: | 14.7% | |
| Separated: | 3.1% | |
| Divorced: | 1.6% | |
| Widowed: | 1.6% |
