Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 7.55% | 0.01% |
| 2010: | 9.43% | 0.01% |
| 2009: | 15.09% | 0.01% |
| 2008: | 15.09% | 0.01% |
| 2007: | 15.09% | 0.01% |
| 2006: | 5.66% | 0.01% |
| 2005: | 7.55% | 0.01% |
| 2004: | 5.66% | 0.01% |
| 2003: | 16.98% | 0.02% |
| 2002: | 1.89% | 0.00% |
The 6-year bar graph below illustrates the volumes of online applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Olds seem to occur during our second quarter (represented by the green bars) with 35.85% while our slowest is the fourth quarter (represented by the red bars) with 16.98%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | May: | 15.1% | |
| 2: | July: | 15.1% | |
| 3: | March: | 15.1% | |
| 4: | June: | 11.3% | |
| 5: | April: | 9.4% | |
| 6: | December: | 9.4% | |
| 7: | February: | 7.5% | |
| 8: | August: | 5.7% | |
| 9: | October: | 5.7% | |
| 10: | January: | 3.8% | |
| 11: | November: | 1.9% | |
| 12: | December: | 0.0% |
The graph below displays the busy days for online 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 Olds, the day with the most volume, having more than 30.19% of all inquiries, is Monday. In comparison, Friday's are the slowest day with only 5.66% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 30.2% | |
| 2: | Tuesday: | 15.1% | |
| 3: | Saturday: | 15.1% | |
| 4: | Thursday: | 15.1% | |
| 5: | Wednesday: | 11.3% | |
| 6: | Sunday: | 7.5% | |
| 7: | Friday: | 5.7% |
In Olds, mortgages are received 24 hours a day via the CanEquity web site. The report shown below indicates the busy hours over a 24-hour period. The data is taken from all days of all years.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 01:00 to 01:59: | 1.9% |
| 02:00 to 02:59: | 1.9% |
| 07:00 to 07:59: | 1.9% |
| 09:00 to 09:59: | 7.5% |
| 11:00 to 11:59: | 9.4% |
| 12:00 to 12:59: | 3.8% |
| 13:00 to 13:59: | 9.4% |
| 14:00 to 14:59: | 15.1% |
| 15:00 to 15:59: | 13.2% |
| 16:00 to 16:59: | 7.5% |
| 18:00 to 18:59: | 7.5% |
| 19:00 to 19:59: | 5.7% |
| 20:00 to 20:59: | 3.8% |
| 21:00 to 21:59: | 7.5% |
| 22:00 to 22:59: | 1.9% |
| 23:00 to 23:59: | 1.9% |
| 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 | |
|---|---|---|
| 018: | EDSON, AB | 0.115% |
| 019: | LEDUC, AB | 0.113% |
| 020: | STRATHMORE, AB | 0.111% |
| 021: | SYLVAN LAKE, AB | 0.111% |
| 022: | WETASKIWIN, AB | 0.108% |
| 023: | OLDS, AB | 0.100% |
| 024: | FORT SASKATCHEWAN, AB | 0.098% |
| 025: | COCHRANE, AB | 0.098% |
| 026: | CANMORE, AB | 0.096% |
| 027: | HIGH RIVER, AB | 0.091% |
| 028: | CAMROSE, AB | 0.087% |
| 1 | Bowden, Alberta |
| 2 | Sundre, Alberta |
| 3 | Cremona, Alberta |
| 4 | Didsbury, Alberta |
| 5 | Innisfail, Alberta |
| 6 | Carstairs, Alberta |
| 7 | Caroline, Alberta |
| 8 | Acme, Alberta |
| 9 | Red Deer County, Alberta |
| 10 | Three Hills, Alberta |
| 11 | Crossfield, Alberta |
| 12 | Cochrane, Alberta |
| 13 | Red Deer, Alberta |
| 14 | Springbrook, Alberta |
| 15 | Carbon, Alberta |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Refinance: | 24.5% | |
| Qualification: | 18.9% | |
| First-time Buyer: | 17.0% | |
| Purchase: | 15.1% | |
| Renewal: | 7.5% | |
| No Money Down: | 5.7% | |
| Pre-approval: | 3.8% | |
| Second Mortgage: | 3.8% | |
| Commercial: | 1.9% | |
| Investment: | 1.9% | |
| Total Application Types Found: 10 | ||
Average age: 38
Oldest age: 61
Youngest age: 22
The following figures show the average income of people living in Olds who have applied for a home loan using the pre-approval application on CanEquity's web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Olds: | $59,722.80 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $224.34 |
| mortgage co-applicants in Olds: | $34,072.86 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($8,330.27) |
The following depicts the residential status of people living in Olds who have applied for a mortgage using the pre-approval application on CanEquity's web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 28.3% | |
| Own: | 62.3% | |
| Other: | 3.8% | |
| No Comment: | 3.8% | |
| Live with parents: | 1.9% |
The information below shows the marital status of applicants from Olds, Alberta using the preapproval application located at canequity.com. In Olds, 69% of the mortgage applicants are living common-law or married, while only 30% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 64.2% | |
| Single: | 22.6% | |
| Common-law: | 5.7% | |
| Divorced: | 3.8% | |
| Separated: | 3.8% |
