Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 9.38% | 0.01% |
| 2010: | 3.13% | 0.00% |
| 2009: | 3.13% | 0.00% |
| 2008: | 12.50% | 0.01% |
| 2007: | 25.00% | 0.01% |
| 2006: | 12.50% | 0.01% |
| 2005: | 12.50% | 0.01% |
| 2003: | 12.50% | 0.01% |
| 2002: | 9.38% | 0.01% |
The graph listed below shows the busy days for Internet mortgage applications that were received by our web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Slave Lake, the day with the most volume, generating 25.00% of all inquiries, is Tuesday. In comparison, Saturday's are the slowest day with only 6.25% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Tuesday: | 25.0% | |
| 2: | Thursday: | 21.9% | |
| 3: | Sunday: | 15.6% | |
| 4: | Friday: | 12.5% | |
| 5: | Wednesday: | 12.5% | |
| 6: | Monday: | 6.3% | |
| 7: | Saturday: | 6.3% |
Mortgage applications are received 24 hours a day on our web site. The information shown below indicates the rush hours within a 24-hour period. The data is taken from all days of all years.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 3.1% |
| 08:00 to 08:59: | 3.1% |
| 09:00 to 09:59: | 3.1% |
| 10:00 to 10:59: | 3.1% |
| 11:00 to 11:59: | 3.1% |
| 12:00 to 12:59: | 6.3% |
| 13:00 to 13:59: | 3.1% |
| 14:00 to 14:59: | 3.1% |
| 15:00 to 15:59: | 9.4% |
| 17:00 to 17:59: | 3.1% |
| 18:00 to 18:59: | 9.4% |
| 19:00 to 19:59: | 6.3% |
| 20:00 to 20:59: | 18.8% |
| 21:00 to 21:59: | 9.4% |
| 22:00 to 22:59: | 9.4% |
| 23:00 to 23:59: | 6.3% |
| 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 | |
|---|---|---|
| 030: | LACOMBE, AB | 0.081% |
| 031: | INNISFAIL, AB | 0.077% |
| 032: | ROCKY MOUNTAIN HOUSE, AB | 0.076% |
| 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% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| First-time Buyer: | 25.0% | |
| Qualification: | 21.9% | |
| No Money Down: | 15.6% | |
| Purchase: | 12.5% | |
| Refinance: | 9.4% | |
| Renewal: | 6.3% | |
| Low Doc: | 3.1% | |
| Commercial: | 3.1% | |
| Investment: | 3.1% | |
| Total Application Types Found: 9 | ||
Average age: 35
Oldest age: 55
Youngest age: 23
The information below represents the average income of Canadians living in Slave Lake who have applied for a loan using the online application located at the CanEquity web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Slave Lake: | $48,158.47 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($11,340.00) |
| mortgage co-applicants in Slave Lake: | $39,428.36 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($2,974.77) |
The following depicts the residential status of people living in Slave Lake who have applied for a loan using the CanEquity mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 37.5% | |
| Own: | 37.5% | |
| Other: | 6.3% | |
| No Comment: | 12.5% | |
| Live with parents: | 6.3% |
The pie chart below represents the marital status of applicants from Slave Lake, Alberta using the preapproval application found at the CanEquity web site. In Slave Lake, approximately 53% of the mortgage applicants are living common-law or married, while only 46% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Single: | 37.5% | |
| Married: | 37.5% | |
| Common-law: | 15.6% | |
| Separated: | 6.3% | |
| Divorced: | 3.1% |
