Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 9.29% | 0.06% |
| 2010: | 10.53% | 0.06% |
| 2009: | 15.79% | 0.10% |
| 2008: | 13.62% | 0.08% |
| 2007: | 12.07% | 0.07% |
| 2006: | 14.24% | 0.09% |
| 2005: | 8.98% | 0.06% |
| 2004: | 3.71% | 0.02% |
| 2003: | 8.67% | 0.05% |
| 2002: | 3.10% | 0.02% |
The following depicts the individual monthly volume history for Internet mortgage applications originating from Red Deer, AB.
The following bar graph represents the volumes of online mortgage applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Red Deer occur during our second quarter (represented by the green bars) with 34.37% while our slowest is the fourth quarter (represented by the red bars) with 17.65%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | May: | 12.7% | |
| 2: | April: | 11.2% | |
| 3: | January: | 10.8% | |
| 4: | June: | 10.5% | |
| 5: | February: | 9.9% | |
| 6: | March: | 8.7% | |
| 7: | July: | 8.4% | |
| 8: | November: | 7.1% | |
| 9: | August: | 6.2% | |
| 10: | October: | 5.6% | |
| 11: | December: | 5.0% | |
| 12: | September: | 4.0% |
The information below compares the busy days for mortgage applications that were received by the CanEquity web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In Red Deer the busiest day, with 17.96% of all inquiries, is Tuesday. In comparison, Saturday's are the slowest day with only 9.91% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Tuesday: | 18.0% | |
| 2: | Wednesday: | 17.0% | |
| 3: | Monday: | 15.5% | |
| 4: | Thursday: | 14.9% | |
| 5: | Sunday: | 14.2% | |
| 6: | Friday: | 10.5% | |
| 7: | Saturday: | 9.9% |
In Red Deer, mortgage applications are received 24 hours a day from the CanEquity web site. The time periods below indicates the busy hours in the day. The data is taken from all days of all years. Only 30.7% of all mortgages are received before noon, while 66.9% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 1.2% |
| 02:00 to 02:59: | 1.2% |
| 03:00 to 03:59: | 0.3% |
| 06:00 to 06:59: | 2.8% |
| 07:00 to 07:59: | 1.5% |
| 08:00 to 08:59: | 3.4% |
| 09:00 to 09:59: | 7.1% |
| 10:00 to 10:59: | 6.8% |
| 11:00 to 11:59: | 8.7% |
| 12:00 to 12:59: | 5.6% |
| 13:00 to 13:59: | 3.4% |
| 14:00 to 14:59: | 7.1% |
| 15:00 to 15:59: | 8.0% |
| 16:00 to 16:59: | 4.3% |
| 17:00 to 17:59: | 6.2% |
| 18:00 to 18:59: | 8.0% |
| 19:00 to 19:59: | 8.4% |
| 20:00 to 20:59: | 4.6% |
| 21:00 to 21:59: | 5.0% |
| 22:00 to 22:59: | 2.8% |
| 23:00 to 23:59: | 3.4% |
| 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 | |
|---|---|---|
| 001: | CALGARY, AB | 6.844% |
| 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% |
| 1 | Springbrook, Alberta |
| 2 | Blackfalds, Alberta |
| 3 | Red Deer County, Alberta |
| 4 | Delburne, Alberta |
| 5 | Lacombe, Alberta |
| 6 | Innisfail, Alberta |
| 7 | Bentley, Alberta |
| 8 | Sylvan Lake, Alberta |
| 9 | Bashaw, Alberta |
| 10 | Ponoka, Alberta |
| 11 | Stettler, Alberta |
| 12 | Bowden, Alberta |
| 13 | Rimbey, Alberta |
| 14 | Olds, Alberta |
| 15 | Wetaskiwin, Alberta |
| 16 | Three Hills, Alberta |
| 17 | Donalda, Alberta |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 25.4% | |
| First-time Buyer: | 20.7% | |
| No Money Down: | 18.3% | |
| Refinance: | 11.8% | |
| Purchase: | 9.3% | |
| Renewal: | 6.2% | |
| Variable Rate: | 2.2% | |
| Pre-approval: | 1.9% | |
| Equity Mortgage: | 0.9% | |
| Low Doc: | 0.9% | |
| Other: | 2.4% | |
| Total Application Types Found: 16 | ||
Average age: 35
Oldest age: 70
Youngest age: 19
The numbers below represent the average income of people living in Red Deer who have submitted an inquiry using the CanEquity mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Red Deer: | $58,853.50 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($644.97) |
| mortgage co-applicants in Red Deer: | $39,698.69 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($2,704.44) |
The table and pie chart below represents the residential status of people living in Red Deer who have applied for a home loan using the pre-approval application on the CanEquity Mortgage web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 56.0% | |
| Own: | 32.8% | |
| Other: | 2.8% | |
| No Comment: | 5.9% | |
| Live with parents: | 2.5% |
The following information represents the marital status of applicants from Red Deer, Alberta using the mortgage application located at canequity.com. In Red Deer, 60% of the mortgage applicants are living common-law or married, while only 39% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 45.2% | |
| Single: | 32.2% | |
| Common-law: | 15.2% | |
| Divorced: | 5.0% | |
| Separated: | 2.5% |
