Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 6.90% | 0.00% |
| 2010: | 3.45% | 0.00% |
| 2009: | 13.79% | 0.01% |
| 2008: | 10.35% | 0.01% |
| 2007: | 17.24% | 0.01% |
| 2006: | 6.90% | 0.00% |
| 2005: | 17.24% | 0.01% |
| 2004: | 6.90% | 0.00% |
| 2003: | 3.45% | 0.00% |
| 2002: | 13.79% | 0.01% |
The graph listed below illustrates the busy days for online mortgage applications 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 Peace River the most busy day of the week, with 27.59% of all inquiries, is Sunday. In comparison, Wednesday's are the slowest day with only 6.90% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Sunday: | 27.6% | |
| 2: | Monday: | 24.1% | |
| 3: | Tuesday: | 10.3% | |
| 4: | Friday: | 10.3% | |
| 5: | Thursday: | 10.3% | |
| 6: | Saturday: | 10.3% | |
| 7: | Wednesday: | 6.9% |
In Peace River, applications are received 24 hours a day via the CanEquity web site. The statistics shown below represents the busy hours in the day. The data is taken from all days of all years. Only 24.1% of all mortgages are received during the morning, while 72.4% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 3.4% |
| 07:00 to 07:59: | 3.4% |
| 10:00 to 10:59: | 3.4% |
| 11:00 to 11:59: | 17.2% |
| 12:00 to 12:59: | 3.4% |
| 13:00 to 13:59: | 3.4% |
| 14:00 to 14:59: | 24.1% |
| 15:00 to 15:59: | 6.9% |
| 16:00 to 16:59: | 10.3% |
| 19:00 to 19:59: | 3.4% |
| 20:00 to 20:59: | 6.9% |
| 21:00 to 21:59: | 6.9% |
| 22:00 to 22:59: | 6.9% |
| 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 | |
|---|---|---|
| 033: | HINTON, AB | 0.068% |
| 034: | BEAUMONT, AB | 0.068% |
| 035: | SLAVE LAKE, AB | 0.060% |
| 036: | DRAYTON VALLEY, AB | 0.060% |
| 037: | DEVON, AB | 0.057% |
| 038: | PEACE RIVER, AB | 0.055% |
| 039: | PONOKA, AB | 0.055% |
| 040: | BARRHEAD, AB | 0.053% |
| 041: | ATHABASCA, AB | 0.053% |
| 042: | HIGH PRAIRIE, AB | 0.053% |
| 043: | TABER, AB | 0.049% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 24.1% | |
| First-time Buyer: | 20.7% | |
| Refinance: | 17.2% | |
| Purchase: | 10.3% | |
| No Money Down: | 6.9% | |
| Short Term Open: | 6.9% | |
| Low Doc: | 3.4% | |
| Pre-approval: | 3.4% | |
| Investment: | 3.4% | |
| Variable Rate: | 3.4% | |
| Total Application Types Found: 10 | ||
Average age: 38
Oldest age: 54
Youngest age: 24
The amounts shown below represent the average income of people living in Peace River who have submitted an inquiry using CanEquity's online mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Peace River: | $60,293.30 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $794.83 |
| mortgage co-applicants in Peace River: | $40,369.40 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($2,033.73) |
The information shown below represents the residential status of people living in Peace River 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: | 48.3% | |
| Own: | 34.5% | |
| No Comment: | 17.2% |
The following table and pie chart represents the marital status of applicants from Peace River, Alberta using the online mortgage application found on the CanEquity Mortgage web site. 75% of the mortgage applicants are either married or living common-law, while only 24% are not married or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 62.1% | |
| Single: | 20.7% | |
| Common-law: | 13.8% | |
| Separated: | 3.4% |
