Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 31.21% | 0.10% |
| 2010: | 21.97% | 0.07% |
| 2009: | 9.25% | 0.03% |
| 2008: | 10.40% | 0.03% |
| 2007: | 11.56% | 0.04% |
| 2006: | 6.36% | 0.02% |
| 2005: | 3.47% | 0.01% |
| 2004: | 1.16% | 0.00% |
| 2003: | 2.31% | 0.01% |
| 2002: | 2.31% | 0.01% |
The following bar graph represents the individual monthly volume history for Internet pre-approval applications received from Okotoks, AB.
The graph below illustrates the volumes of mortgage applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Okotoks happen to occur during our second quarter (represented by the green bars) with 38.15% while our slowest is the fourth quarter (represented by the red bars) with 13.29%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | May: | 18.5% | |
| 2: | February: | 13.9% | |
| 3: | April: | 10.4% | |
| 4: | March: | 9.8% | |
| 5: | June: | 9.3% | |
| 6: | July: | 7.5% | |
| 7: | October: | 6.9% | |
| 8: | January: | 5.8% | |
| 9: | August: | 5.8% | |
| 10: | September: | 5.8% | |
| 11: | December: | 3.5% | |
| 12: | November: | 2.9% |
The bar graph below plots the busy days for Internet applications that were received by the CanEquity web site. A combined total of all occurrences of each day are represented for the past 5 years. In Okotoks the most busy day of the week, with 21.39% of all inquiries, is Tuesday. In comparison, Sunday's are the slowest day with only 4.05% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Tuesday: | 21.4% | |
| 2: | Thursday: | 20.8% | |
| 3: | Friday: | 16.8% | |
| 4: | Wednesday: | 16.8% | |
| 5: | Monday: | 13.9% | |
| 6: | Saturday: | 6.4% | |
| 7: | Sunday: | 4.0% |
Mortgage inquiries are received 24 hours a day on the CanEquity web site. The statistics shown below represents the rush 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: | 1.7% |
| 03:00 to 03:59: | 1.2% |
| 06:00 to 06:59: | 0.6% |
| 07:00 to 07:59: | 2.3% |
| 08:00 to 08:59: | 1.7% |
| 09:00 to 09:59: | 12.1% |
| 10:00 to 10:59: | 2.9% |
| 11:00 to 11:59: | 6.9% |
| 12:00 to 12:59: | 7.5% |
| 13:00 to 13:59: | 10.4% |
| 14:00 to 14:59: | 11.0% |
| 15:00 to 15:59: | 8.7% |
| 16:00 to 16:59: | 9.8% |
| 17:00 to 17:59: | 4.6% |
| 18:00 to 18:59: | 1.7% |
| 19:00 to 19:59: | 4.0% |
| 20:00 to 20:59: | 4.0% |
| 21:00 to 21:59: | 4.6% |
| 22:00 to 22:59: | 1.2% |
| 23:00 to 23:59: | 2.9% |
| 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 | |
|---|---|---|
| 002: | EDMONTON, AB | 4.466% |
| 003: | RED DEER, AB | 0.610% |
| 004: | FORT MCMURRAY, AB | 0.602% |
| 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% |
| 1 | Aldersyde, Alberta |
| 2 | Black Diamond, Alberta |
| 3 | Blackie, Alberta |
| 4 | De Winton, Alberta |
| 5 | Turner Valley, Alberta |
| 6 | High River, Alberta |
| 7 | Bragg Creek, Alberta |
| 8 | Vulcan, Alberta |
| 9 | Longview, Alberta |
| 10 | Nanton, Alberta |
| 11 | Chestermere, Alberta |
| 12 | Langdon, Alberta |
| 13 | Calgary, Alberta |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Pre-approval: | 20.8% | |
| Refinance: | 18.5% | |
| Qualification: | 13.9% | |
| Purchase: | 12.1% | |
| Renewal: | 9.2% | |
| Commercial: | 6.9% | |
| First-time Buyer: | 6.4% | |
| No Money Down: | 4.6% | |
| Equity Mortgage: | 2.3% | |
| Reverse Mortgage: | 1.7% | |
| HELOC: | 1.2% | |
| Variable Rate: | 1.2% | |
| Other: | 1.2% | |
| Total Application Types Found: 14 | ||
Average age: 36
Oldest age: 67
Youngest age: 20
The amounts below are the average income of applicants living in Okotoks who have applied for a loan using the pre-approval application on CanEquity's web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Okotoks: | $80,232.15 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $20,733.69 |
| mortgage co-applicants in Okotoks: | $45,503.09 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | $3,099.96 |
The information below represents the residential status of people living in Okotoks who have submitted a mortgage inquiry using the pre-approval application on CanEquity's web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 37.0% | |
| Own: | 51.4% | |
| Other: | 2.3% | |
| No Comment: | 5.2% | |
| Live with parents: | 4.0% |
The following table and pie chart represents the marital status of applicants from Okotoks, Alberta using the preapproval application located at the CanEquity web site. In Okotoks, 42% of the mortgage applicants are living together with someone, while only 54% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Single: | 48.6% | |
| Married: | 33.5% | |
| Common-law: | 9.2% | |
| Separated: | 3.5% | |
| Divorced: | 2.3% | |
| Widowed: | 2.3% | |
| : | 0.6% |
