Ontario Mortgage # 10896
Saskatchewan Mortgage # 311514
Real Estate Council of Alberta Authorized
BC Mortgage # X028126
- Last mortgage report update for Spruce Grove: Sunday, September 5, 2010   
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Spruce Grove Mortgages

Alberta Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Online Mortgages from Spruce Grove

Year Year to Year
Comparison
** National
Contribution
2010: * 14.00% * 0.03%
2009: 17.00% 0.04%
2008: 15.00% 0.03%
2007: 16.00% 0.04%
2006: 13.00% 0.03%
2005: 13.00% 0.03%
2004: 3.00% 0.01%
2003: 3.00% 0.01%
2002: 6.00% 0.01%

Note: * These values are the percentages up to Sunday, September 5, 2010. Estimated volume targets for the entire 2010 year are 19.00% and 0.04% respectively. ** Total national contribution of Spruce Grove mortgages in the past is currently 0.22% with a projected target of 0.23%.

Busy Months for Mortgage Applications within Spruce Grove

The graph below depicts the volumes of online applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Spruce Grove mostly occur during our first quarter (represented by the brown bars) with 34.00% while our slowest is the fourth quarter (represented by the red bars) with 20.00%.

RankMonth Percentage
of Inquiries
1: March: 15.0%
2: January: 12.0%
3: July: 11.0%
4: August: 11.0%
5: May: 8.0%
6: December: 8.0%
7: June: 8.0%
8: February: 7.0%
9: October: 7.0%
10: November: 5.0%
11: April: 5.0%
12: September: 3.0%
Busy Months Report for Spruce Grove Mortgages

Busy Days for Mortgages within Spruce Grove

The information listed below plots the busy days for online mortgage applications that were received by our web site. A combined total of all occurrences of each day are represented for the past 5 years. In Spruce Grove the most busy day of the week, with 23.00% of all submissions, is Monday. In comparison, Saturday's are the slowest day with only 11.00% of all inquiries.

Rank Day of the
Week
Percentage
of Inquiries
1: Monday: 23.0%
2: Friday: 15.0%
3: Thursday: 14.0%
4: Tuesday: 13.0%
5: Wednesday: 12.0%
6: Sunday: 12.0%
7: Saturday: 11.0%
Busy Days Report for Spruce Grove Mortgages

Peak Hours for Mortgages within Spruce Grove

Inquiries are received 24 hours a day on the CanEquity web site. The time periods below represents the rush hours over a 24-hour period. The data is taken from all days of all years. Only 23.0% of all mortgages are received before noon, while 73.0% arrive in the afternoon.


Time Period
(24 Hour)
Percentage
of Inquiries
00:00 to 00:59: 2.0%
01:00 to 01:59: 2.0%
06:00 to 06:59: 1.0%
08:00 to 08:59: 4.0%
09:00 to 09:59: 8.0%
10:00 to 10:59: 3.0%
11:00 to 11:59: 7.0%
12:00 to 12:59: 4.0%
13:00 to 13:59: 6.0%
14:00 to 14:59: 9.0%
15:00 to 15:59: 7.0%
16:00 to 16:59: 3.0%
17:00 to 17:59: 8.0%
18:00 to 18:59: 7.0%
19:00 to 19:59: 7.0%
20:00 to 20:59: 7.0%
21:00 to 21:59: 10.0%
22:00 to 22:59: 4.0%
23:00 to 23:59: 1.0%
Peak Hours Graph for Mortgages in Spruce Grove

Note: Only hours that have had mortgages from Spruce Grove, Alberta are shown.

Alberta Mortgage Originations Compared to all other Provinces


Online Mortgage Origination
for the Province of
Percentage of
applications
Alberta 21.21%
British Columbia: 10.79%
Manitoba: 2.11%
New Brunswick: 2.19%
Newfoundland and Labrador: 1.17%
Nova Scotia: 3.03%
Northwest Territories: 0.32%
Nunavut: 0.09%
Ontario: 48.60%
Prince Edward Island: 0.46%
Quebec: 4.12%
Saskatchewan: 5.02%
Yukon Territories: 0.28%
Spruce Grove Mortgages

Current City Standing within Alberta


Location Contribution
007:  GRANDE PRAIRIE, AB 0.347%
008:  ST ALBERT, AB 0.310%
009:  MEDICINE HAT, AB 0.294%
010:  AIRDRIE, AB 0.277%
011:  OKOTOKS, AB 0.261%
012:  SPRUCE GROVE, AB 0.220%
013:  BROOKS, AB 0.198%
014:  COLD LAKE, AB 0.160%
015:  WHITECOURT, AB 0.156%
016:  STONY PLAIN, AB 0.151%
017:  EDSON, AB 0.121%

Nearest Settlements


1Stony Plain, Alberta
2St Albert, Alberta
3Edmonton, Alberta
4Devon, Alberta
5Carvel, Alberta
6Lancaster Park, Alberta
7Morinville, Alberta
8Beaumont, Alberta
9Sherwood Park, Alberta
10Gibbons, Alberta
11Calmar, Alberta
12Onoway, Alberta
13Bon Accord, Alberta
14Leduc, Alberta
15Alberta Beach, Alberta
16Breton, Alberta
17Fort Saskatchewan, Alberta
18Thorsby, Alberta


Product Popularity for Spruce Grove


Mortgage Application
Form Type
  Percentage
of Inquiries
Qualification: 30.0%
Renewal: 15.0%
First-time Buyer: 14.0%
Purchase: 13.0%
Refinance: 12.0%
No Money Down: 6.0%
Pre-approval: 4.0%
Equity Mortgage: 3.0%
Second Mortgage: 1.0%
Home Renovation: 1.0%
Investment: 1.0%
 
Total Application Types Found: 11
 Spruce Grove Mortgage Product Popularity Pie Chart

Age Demographics for Spruce Grove Based Mortgages

Average age: 37
Oldest age: 75
Youngest age: 19


Incomes for Spruce Grove Based Mortgages

The following figures show the average income of Canadians living in Spruce Grove who have applied for a loan using CanEquity's online mortgage application.

Average annual gross income for
mortgage applicants in Spruce Grove: $74,995.21
applicants within all of Canada: $58,950.13
Difference: $16,045.08
  
mortgage co-applicants in Spruce Grove: $42,340.59
co-applicants within all of Canada: $41,517.38
Difference: $823.21

Note: Commercial Mortgage loans were not included for this report, only residential loans amounts were used.

Residential Status for Spruce Grove Based Mortgages

The pie chart below shows the residential status of people living in Spruce Grove who have submitted a mortgage inquiry using the pre-approval application on the CanEquity Mortgage web site.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 33.0%
Own: 58.0%
Other: 1.0%
No Comment: 6.0%
Live with parents: 2.0%
Spruce Grove Residential Status Pie Chart

Marital Statistics for Spruce Grove Based Mortgages

The following information represents the marital status of applicants from Spruce Grove, Alberta using the mortgage preapproval application located at canequity.com. 65% of the mortgage applicants are living common-law or married, while only 35% are single, separated or divorced.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 58.0%
Single: 29.0%
Common-law: 7.0%
Separated: 4.0%
Divorced: 2.0%
Spruce Grove Marital Status Pie Chart