Ontario Mortgage # 10896
Saskatchewan Mortgage # 311514
Real Estate Council of Alberta Authorized
BC Mortgage # X028126
- Last mortgage report update for Sherwood Park: Wednesday, February 8, 2012   
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Sherwood Park Mortgages

Alberta Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Online Mortgages from Sherwood Park

Year Year to Year
Comparison
** National
Contribution
2011: 10.05% 0.04%
2010: 15.53% 0.06%
2009: 11.42% 0.05%
2008: 10.96% 0.04%
2007: 9.13% 0.04%
2006: 9.13% 0.04%
2005: 10.96% 0.04%
2004: 6.85% 0.03%
2003: 6.85% 0.03%
2002: 9.13% 0.04%

Note: ** Total national contribution of Sherwood Park mortgages in the past is currently 0.41% with a projected target of 0.41%.

Monthly Volume History for Online Mortgages from Sherwood Park

The following bar graph illustrates CanEquity's individual monthly volume history for Internet mortgage applications submitted from Sherwood Park, AB.


Monthly Volume Report for Sherwood Park Mortgages

Busy Months for Online Applications within Sherwood Park

The graph below represents the volumes of online applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Sherwood Park seem to occur during our first quarter (represented by the brown bars) with 34.70% while our slowest is the fourth quarter (represented by the red bars) with 17.81%.

RankMonth Percentage
of Inquiries
1: March: 14.2%
2: May: 12.8%
3: February: 12.8%
4: January: 7.8%
5: June: 7.8%
6: October: 7.3%
7: September: 7.3%
8: July: 6.8%
9: April: 6.4%
10: August: 6.4%
11: November: 5.9%
12: December: 4.6%
Busy Months Report for Sherwood Park Mortgages

Busy Days for Mortgage Inquiries within Sherwood Park

The bar graph below illustrates the busy days for online applications that were received by CanEquity. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Sherwood Park the most busy day of the week, with 25.11% of all applications, is Monday. In comparison, Saturday's are the slowest day with only 3.65% of all inquiries.

Rank Day of the
Week
Percentage
of Inquiries
1: Monday: 25.1%
2: Thursday: 18.7%
3: Wednesday: 16.9%
4: Tuesday: 15.1%
5: Friday: 11.4%
6: Sunday: 9.1%
7: Saturday: 3.6%
Busy Days Report for Sherwood Park Mortgages

Peak Hours for Mortgage Applicants within Sherwood Park

In Sherwood Park, mortgages are received 24 hours a day from the CanEquity web site. The following represents the busy hours in the day. The data is taken from all days of all years.


Time Period
(24 Hour)
Percentage
of Inquiries
00:00 to 00:59: 0.9%
01:00 to 01:59: 1.8%
02:00 to 02:59: 0.9%
06:00 to 06:59: 0.5%
07:00 to 07:59: 1.4%
08:00 to 08:59: 2.3%
09:00 to 09:59: 7.3%
10:00 to 10:59: 5.9%
11:00 to 11:59: 7.3%
12:00 to 12:59: 4.6%
13:00 to 13:59: 8.7%
14:00 to 14:59: 8.2%
15:00 to 15:59: 5.9%
16:00 to 16:59: 7.3%
17:00 to 17:59: 5.9%
18:00 to 18:59: 7.3%
19:00 to 19:59: 6.8%
20:00 to 20:59: 6.4%
21:00 to 21:59: 4.6%
22:00 to 22:59: 3.2%
23:00 to 23:59: 2.7%
Peak Hours Graph for Mortgages in Sherwood Park

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

Alberta Mortgage Originations Compared to all other Provinces


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%
Sherwood Park Mortgages

Current City Standing within Alberta


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%
009:  ST ALBERT, AB 0.323%
010:  MEDICINE HAT, AB 0.296%
011:  AIRDRIE, AB 0.291%

Nearest Settlements


1Beaumont, Alberta
2Edmonton, Alberta
3Ardrossan, Alberta
4Lancaster Park, Alberta
5Kingman, Alberta
6Spruce Grove, Alberta
7Leduc, Alberta
8St Albert, Alberta
9Tofield, Alberta
10Devon, Alberta
11Camrose, Alberta
12Fort Saskatchewan, Alberta
13Stony Plain, Alberta
14Bon Accord, Alberta
15Ryley, Alberta
16Morinville, Alberta
17Gibbons, Alberta


Product Popularity for Sherwood Park


Mortgage Application
Form Type
  Percentage
of Inquiries
Refinance: 19.2%
Qualification: 18.7%
Renewal: 18.3%
First-time Buyer: 14.2%
Purchase: 11.0%
No Money Down: 6.4%
Commercial: 2.7%
Variable Rate: 2.3%
Investment: 1.8%
Pre-approval: 1.4%
Second Mortgage: 0.9%
Equity Mortgage: 0.9%
Low Doc: 0.9%
Other: 1.5%
 
Total Application Types Found: 16
 Sherwood Park Mortgage Product Popularity Pie Chart

Age Demographics for Sherwood Park Mortgage Applicants

Average age: 40
Oldest age: 84
Youngest age: 21


Incomes for Sherwood Park Mortgage Applicants

The following depicts the average income of applicants living in Sherwood Park 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 Sherwood Park: $73,682.42
applicants within all of Canada: $59,498.47
Difference: $14,183.95
  
mortgage co-applicants in Sherwood Park: $47,895.10
co-applicants within all of Canada: $42,403.13
Difference: $5,491.97

Note: Commercial Mortgages were not included for this report, only residential mortgage loans from Sherwood Park, Alberta were used.

Residential Status for Sherwood Park Mortgages

The following table represents the residential status of people living in Sherwood Park who have applied for a mortgage using CanEquity's preapproval application.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 28.3%
Own: 52.1%
Other: 0.5%
No Comment: 15.1%
Live with parents: 4.1%
Sherwood Park Residential Status Pie Chart

Marital Status for Sherwood Park Mortgages

The following information represents the marital status of applicants from Sherwood Park, Alberta using the mortgage application found at canequity.com. 70% of the mortgage applicants are living together with someone, while only 29% are single, separated or divorced.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 59.4%
Single: 20.5%
Common-law: 11.0%
Separated: 5.0%
Divorced: 3.7%
Widowed: 0.5%
Sherwood Park Marital Status Pie Chart