Last report update for Olds: Friday, May 16, 2008
Canada Mortgages
Olds Mortgage
Information, Statisitics & Reports
CanEquity Mortgage - Best Mortgage Rates in CanadaMortgage Services and ProductsCompany Profile and TestimonialsMortgage News and Related ArticlesSecure Online Mortgage Pre-Approval ApplicationContact a Mortgage Broker
Canadian Mortgage Statistics


Mortgage Stats
Tell a Friend
Rate calculator

Related Links:
Acme
Bowden
Caroline
Cochrane
Crossfield
Didsbury
Innisfail
Red Deer County
Sundre
Three Hills

Have an idea or suggestion on improving the Olds mortgage stats page, please send us an e-mail.



Olds Mortgages

Alberta Mortgage Statistics, Graphs and Charts

Map of Olds requires Adobe Flash Player 7 or higher.

Yearly Volume Comparison for Mortgage Applications from Olds

Year Year to Year
Comparison
** National
Contribution
2008: * 9.68% * 0.01%
2007: 25.81% 0.03%
2006: 9.68% 0.01%
2005: 12.90% 0.01%
2004: 9.68% 0.01%
2003: 29.03% 0.03%
2002: 3.23% 0.00%

Note: * These values are the percentages up to Friday, May 16, 2008. Estimated volume targets for the entire 2008 year are 22.58% and 0.02% respectively. ** Total national contribution of Olds mortgages in the past is currently 0.10% with a projected target of 0.12%.

Busy Days for Mortgages Originating within Olds

The bar graph below illustrates the busy days for online mortgage applications that were received by the CanEquity web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Olds the busiest day, with approximately 32.26% of all submissions, is Monday. In comparison, Sunday's are the slowest day with only 3.23% of all inquiries.

Rank Day of the
Week
Percentage
of Inquiries
1: Monday: 32.3%
2: Tuesday: 19.4%
3: Thursday: 16.1%
4: Saturday: 12.9%
5: Wednesday: 9.7%
6: Friday: 6.5%
7: Sunday: 3.2%
Busy Days Report for Olds Mortgages

Peak Hours for Mortgages within Olds

In Olds, inquiries are received 24 hours a day via the CanEquity web site. The statistics shown below indicates the peak hours within a 24-hour period. The data is taken from all days of all years. Only 12.9% of all mortgages are received during the morning, while 87.1% arrive in the afternoon.


Time Period
(24 Hour)
Percentage
of Inquiries
07:00 to 07:59: 3.2%
11:00 to 11:59: 9.7%
12:00 to 12:59: 3.2%
13:00 to 13:59: 9.7%
14:00 to 14:59: 25.8%
15:00 to 15:59: 12.9%
16:00 to 16:59: 3.2%
18:00 to 18:59: 9.7%
19:00 to 19:59: 6.5%
20:00 to 20:59: 3.2%
21:00 to 21:59: 6.5%
22:00 to 22:59: 3.2%
23:00 to 23:59: 3.2%
Peak Hours Graph for Mortgages in Olds

Note: Only hours that have had mortgages from Olds, Alberta are shown.

Alberta Mortgage Originations Compared to all other Provinces


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%
Olds Mortgages

Current City Standing within Alberta


Location Contribution
016:  CANMORE, AB 0.112%
017:  COLD LAKE, AB 0.112%
018:  WETASKIWIN, AB 0.109%
019:  FORT SASKATCHEWAN, AB 0.102%
020:  EDSON, AB 0.102%
021:  OLDS, AB 0.102%
022:  COCHRANE, AB 0.099%
023:  SYLVAN LAKE, AB 0.099%
024:  LLOYDMINSTER, AB 0.096%
025:  LACOMBE, AB 0.093%
026:  HIGH RIVER, AB 0.093%

Nearest Settlements


1Bowden, Alberta
2Sundre, Alberta
3Didsbury, Alberta
4Innisfail, Alberta
5Caroline, Alberta
6Acme, Alberta
7Red Deer County, Alberta
8Three Hills, Alberta
9Crossfield, Alberta
10Cochrane, Alberta
11Red Deer, Alberta
12Springbrook, Alberta
13Carbon, Alberta


Product Popularity for Olds


Mortgage Application
Form Type
  Percentage
of Inquiries
Refinance: 22.6%
Qualification: 19.4%
First-time Buyer: 19.4%
Purchase: 16.1%
No Money Down: 6.5%
Pre-approval: 3.2%
Commercial: 3.2%
Second Mortgage: 3.2%
Renewal: 3.2%
Investment: 3.2%
 
Total Application Types Found: 10
 Olds Mortgage Product Popularity Pie Chart

Age Demographics for Olds Originated Mortgages

Average age: 38
Oldest age: 56
Youngest age: 22


Incomes for Olds Originated Mortgages

The following figures show the average income of Canadians living in Olds who have submitted a mortgage inquiry using CanEquity's pre-approval application.

Average annual gross income for
mortgage applicants in Olds: $59,304.83
applicants within all of Canada: $56,403.93
Difference: $2,900.91
  
mortgage co-applicants in Olds: $34,654.78
co-applicants within all of Canada: $39,395.85
Difference: ($4,741.07)

Note: Commercial loans were not included for this survey, only home loans were used.

Residential Status for Olds Mortgage Applicants

The information below represents the residential status of people living in Olds who have applied for a mortgage using CanEquity's preapproval application.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 29.0%
Own: 61.3%
Other: 3.2%
No Comment: 6.5%
Olds Residential Status Pie Chart

Marital Statistics for Olds Mortgage Applicants

The following pie chart represents the marital status of applicants from Olds, Alberta using the mortgage preapproval application found on the CanEquity Mortgage web site. In Olds, 61% of the mortgage applicants are living common-law or married, while only 38% are not living with someone.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 54.8%
Single: 32.3%
Common-law: 6.5%
Divorced: 3.2%
Separated: 3.2%
Olds Marital Status Pie Chart