Last report update for Peers: Thursday, May 15, 2008
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Related Links:
Edson
Evansburg
Mayerthorpe
Sangudo
Whitecourt

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Peers Mortgages

Alberta Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Mortgage Applications from Peers

Year Year to Year
Comparison
** National
Contribution
2008: * 14.29% * 0.00%
2007: 28.57% 0.01%
2006: 28.57% 0.01%
2004: 14.29% 0.00%
2003: 14.29% 0.00%

Note: * These values are the percentages up to Thursday, May 15, 2008. Estimated volume targets for the entire 2008 year are 28.57% and 0.01% respectively. ** Total national contribution of Peers mortgages in the past is currently 0.02% with a projected target of 0.03%.

Current City Standing within Alberta


Location Contribution
070:  JASPER, AB 0.030%
071:  BEAVERLODGE, AB 0.026%
072:  BANFF, AB 0.026%
073:  RIMBEY, AB 0.026%
074:  FAIRVIEW, AB 0.026%
075:  PEERS, AB 0.023%
076:  DE WINTON, AB 0.023%
077:  CAROLINE, AB 0.023%
078:  FORT MACLEOD, AB 0.023%
079:  SUNDRE, AB 0.023%
080:  PINCHER CREEK, AB 0.023%

Nearest Settlements


1Edson, Alberta
2Mayerthorpe, Alberta
3Evansburg, Alberta
4Sangudo, Alberta
5Whitecourt, Alberta


Product Popularity for Peers


Mortgage Application
Form Type
  Percentage
of Inquiries
Refinance: 71.4%
No Money Down: 14.3%
First-time Buyer: 14.3%
 
Total Application Types Found: 3
 Peers Mortgage Product Popularity Pie Chart

Age Demographics for Peers Applicants

Average age: 41
Oldest age: 53
Youngest age: 25


Incomes for Peers Applicants

The following figures show the average income of applicants living in Peers who have submitted an inquiry using CanEquity's pre-approval application.

Average annual gross income for
mortgage applicants in Peers: $90,214.29
applicants within all of Canada: $56,395.43
Difference: $33,818.86
  

Since the average income of Peers is much higher than our national average, we have included the MEDIAN annual gross income for this town. A reason for such a high average is usually due to a high income that is just under our cut-off of acceptable incomes of <$500,000. In rare cases, some applicants may have entered an extra digit (ie. 400000 instead of 40000), which will also sway the averages in smaller areas. In such a case, we will correct the data accordingly.

Median annual gross income for
mortgage applicants in Peers: $94,000.00
applicants within all of Canada: $56,395.43
Difference: $37,604.57

Note: Commercial loans were not included for this section, only residential loans were used.

Residential Status for Peers Applicants

The pie chart below shows the residential status of people living in Peers who have applied for a loan using the CanEquity mortgage application.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 14.3%
Own: 85.7%
Peers Residential Status Pie Chart

Marital Status for Peers Applicants

The following pie chart represents the marital status of applicants from Peers, Alberta using the mortgage preapproval application found on the CanEquity Mortgage web site. 42% of the mortgage applicants are either married or living common-law, while only 57% are single or separated.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Divorced: 57.1%
Married: 28.6%
Common-law: 14.3%
Peers Marital Status Pie Chart