Last report update for Spruce Grove: Monday, June 30, 2008
Canada Mortgages
Spruce Grove Mortgage
Information, Statisitics & Reports
CanEquity Mortgage - Best Mortgage Rates in CanadaMortgage Services and ProductsCompany Profile and TestimonialsMortgage News and Related ArticlesSecure Online Mortgage Pre-Approval ApplicationContact a Mortgage Broker
Canadian Mortgage Statistics


Mortgage Stats
Tell a Friend
Rate calculator

Related Links:
Beaumont
Carvel
Devon
Edmonton
Gibbons
Lancaster Park
Morinville
Sherwood Park
St Albert
Stony Plain

Have an idea or suggestion on improving the Spruce Grove mortgage stats page, please send us an e-mail.



Spruce Grove Mortgages

Alberta Mortgage Statistics, Graphs and Charts

Map of Spruce Grove requires Adobe Flash Player 7 or higher.

Yearly Volume Comparison for Mortgages Originating from Spruce Grove

Year Year to Year
Comparison
** National
Contribution
2008: * 12.90% * 0.03%
2007: 25.81% 0.05%
2006: 20.97% 0.04%
2005: 20.97% 0.04%
2004: 4.84% 0.01%
2003: 4.84% 0.01%
2002: 9.68% 0.02%

Note: * These values are the percentages up to Monday, June 30, 2008. Estimated volume targets for the entire 2008 year are 22.58% and 0.05% respectively. ** Total national contribution of Spruce Grove mortgages in the past is currently 0.20% with a projected target of 0.22%.

Busy Months for Online Applications within Spruce Grove

This bar graph represents the volumes of Web applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Spruce Grove usually occur during our first quarter (represented by the brown bars) with 33.87% while our slowest is the fourth quarter (represented by the red bars) with 19.35%.

RankMonth Percentage
of Inquiries
1: January: 12.9%
2: March: 12.9%
3: August: 11.3%
4: December: 9.7%
5: July: 9.7%
6: June: 9.7%
7: February: 8.1%
8: May: 6.5%
9: November: 4.8%
10: April: 4.8%
11: October: 4.8%
12: September: 4.8%
Busy Months Report for Spruce Grove Mortgages

Busy Days for Mortgage Applications within Spruce Grove

The data below plots the busy days for online 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 busiest day, with 25.81% of all inquiries, is Monday. In comparison, Saturday's are the slowest day with only 4.84% of all inquiries.

Rank Day of the
Week
Percentage
of Inquiries
1: Monday: 25.8%
2: Tuesday: 16.1%
3: Sunday: 16.1%
4: Friday: 14.5%
5: Thursday: 12.9%
6: Wednesday: 9.7%
7: Saturday: 4.8%
Busy Days Report for Spruce Grove Mortgages

Peak Hours for Mortgage Applicants within Spruce Grove

In Spruce Grove, mortgage applications are received 24 hours a day on our web site. The time periods below represents the rush hours in the day. The data is taken from all days of all years. Only 25.8% of all mortgages are received during the morning, while 71.0% arrive in the afternoon.


Time Period
(24 Hour)
Percentage
of Inquiries
00:00 to 00:59: 1.6%
01:00 to 01:59: 1.6%
08:00 to 08:59: 4.8%
09:00 to 09:59: 8.1%
10:00 to 10:59: 4.8%
11:00 to 11:59: 8.1%
12:00 to 12:59: 4.8%
13:00 to 13:59: 4.8%
14:00 to 14:59: 8.1%
15:00 to 15:59: 4.8%
16:00 to 16:59: 3.2%
17:00 to 17:59: 9.7%
18:00 to 18:59: 6.5%
19:00 to 19:59: 8.1%
20:00 to 20:59: 3.2%
21:00 to 21:59: 12.9%
22:00 to 22:59: 4.8%
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 21.08%
British Columbia: 11.39%
Manitoba: 2.10%
New Brunswick: 2.02%
Newfoundland and Labrador: 1.16%
Nova Scotia: 2.80%
Northwest Territories: 0.30%
Nunavut: 0.09%
Ontario: 48.59%
Prince Edward Island: 0.38%
Quebec: 3.80%
Saskatchewan: 5.56%
Yukon Territories: 0.21%
Spruce Grove Mortgages

Current City Standing within Alberta


Location Contribution
007:  GRANDE PRAIRIE, AB 0.364%
008:  MEDICINE HAT, AB 0.313%
009:  ST ALBERT, AB 0.296%
010:  AIRDRIE, AB 0.267%
011:  BROOKS, AB 0.216%
012:  SPRUCE GROVE, AB 0.200%
013:  OKOTOKS, AB 0.187%
014:  WHITECOURT, AB 0.145%
015:  STONY PLAIN, AB 0.129%
016:  WETASKIWIN, AB 0.116%
017:  OLDS, AB 0.113%

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: 29.0%
First-time Buyer: 17.7%
Renewal: 16.1%
Purchase: 9.7%
Refinance: 9.7%
No Money Down: 8.1%
Pre-approval: 6.5%
Home Renovation: 1.6%
Investment: 1.6%
 
Total Application Types Found: 9
 Spruce Grove Mortgage Product Popularity Pie Chart

Age Demographics for Spruce Grove Mortgages

Average age: 34
Oldest age: 64
Youngest age: 20


Incomes for Spruce Grove Mortgages

The amounts below are the average income of Canadians living in Spruce Grove who have submitted an inquiry using the pre-approval application on the CanEquity Mortgage web site.

Average annual gross income for
mortgage applicants in Spruce Grove: $60,640.65
applicants within all of Canada: $56,539.94
Difference: $4,100.71
  
mortgage co-applicants in Spruce Grove: $39,647.20
co-applicants within all of Canada: $39,480.41
Difference: $166.79

Note: Commercial loan amounts were not included for this section, only residential mortgages from Spruce Grove, Alberta were used.

Residential Status for Spruce Grove Applicants

The information shown below represents the residential status of people living in Spruce Grove who have applied for a loan using the CanEquity mortgage application.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 37.1%
Own: 50.0%
No Comment: 9.7%
Live with parents: 3.2%
Spruce Grove Residential Status Pie Chart

Marital Status for Spruce Grove Applicants

The information below shows the marital status of applicants from Spruce Grove, Alberta using the mortgage preapproval application found at canequity.com. In Spruce Grove, 61% of the mortgage applicants are living with someone, while only 38% are single or separated.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 53.2%
Single: 32.3%
Common-law: 8.1%
Divorced: 3.2%
Separated: 3.2%
Spruce Grove Marital Status Pie Chart