Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| 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% |
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%.
| Rank | Month | 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% |
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% |
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% |
| 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% |
| 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% |
| 1 | Stony Plain, Alberta |
| 2 | St Albert, Alberta |
| 3 | Edmonton, Alberta |
| 4 | Devon, Alberta |
| 5 | Carvel, Alberta |
| 6 | Lancaster Park, Alberta |
| 7 | Morinville, Alberta |
| 8 | Beaumont, Alberta |
| 9 | Sherwood Park, Alberta |
| 10 | Gibbons, Alberta |
| 11 | Calmar, Alberta |
| 12 | Onoway, Alberta |
| 13 | Bon Accord, Alberta |
| 14 | Leduc, Alberta |
| 15 | Alberta Beach, Alberta |
| 16 | Breton, Alberta |
| 17 | Fort Saskatchewan, Alberta |
| 18 | Thorsby, Alberta |
| 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 | ||
Average age: 37
Oldest age: 75
Youngest age: 19
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 |
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% |
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% |
