Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| 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% |
The following bar graph illustrates CanEquity's individual monthly volume history for Internet mortgage applications submitted from Sherwood Park, AB.
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%.
| Rank | Month | 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% |
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% |
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% |
| 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% |
| 009: | ST ALBERT, AB | 0.323% |
| 010: | MEDICINE HAT, AB | 0.296% |
| 011: | AIRDRIE, AB | 0.291% |
| 1 | Beaumont, Alberta |
| 2 | Edmonton, Alberta |
| 3 | Ardrossan, Alberta |
| 4 | Lancaster Park, Alberta |
| 5 | Kingman, Alberta |
| 6 | Spruce Grove, Alberta |
| 7 | Leduc, Alberta |
| 8 | St Albert, Alberta |
| 9 | Tofield, Alberta |
| 10 | Devon, Alberta |
| 11 | Camrose, Alberta |
| 12 | Fort Saskatchewan, Alberta |
| 13 | Stony Plain, Alberta |
| 14 | Bon Accord, Alberta |
| 15 | Ryley, Alberta |
| 16 | Morinville, Alberta |
| 17 | Gibbons, Alberta |
| 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 | ||
Average age: 40
Oldest age: 84
Youngest age: 21
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 |
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% |
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% |
