Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 10.26% | 0.02% |
| 2010: | 16.24% | 0.04% |
| 2009: | 14.53% | 0.03% |
| 2008: | 12.82% | 0.03% |
| 2007: | 13.68% | 0.03% |
| 2006: | 11.11% | 0.03% |
| 2005: | 11.11% | 0.03% |
| 2004: | 2.56% | 0.01% |
| 2003: | 2.56% | 0.01% |
| 2002: | 5.13% | 0.01% |
The following bar graph shows 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 30.77% while our slowest is the second quarter (represented by the green bars) with 21.37%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | March: | 12.8% | |
| 2: | January: | 12.0% | |
| 3: | July: | 11.1% | |
| 4: | August: | 10.3% | |
| 5: | June: | 10.3% | |
| 6: | December: | 9.4% | |
| 7: | October: | 7.7% | |
| 8: | May: | 6.8% | |
| 9: | February: | 6.0% | |
| 10: | November: | 5.1% | |
| 11: | April: | 4.3% | |
| 12: | September: | 4.3% |
The information listed below displays the busy days for mortgage inquiries 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 23.93% of all inquiries, is Monday. In comparison, Saturday's are the slowest day with only 10.26% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 23.9% | |
| 2: | Thursday: | 16.2% | |
| 3: | Friday: | 14.5% | |
| 4: | Tuesday: | 12.0% | |
| 5: | Wednesday: | 12.0% | |
| 6: | Sunday: | 11.1% | |
| 7: | Saturday: | 10.3% |
In Spruce Grove, inquiries are received 24 hours a day from the CanEquity web site. The graph shown below indicates the busy hours over 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: | 1.7% |
| 01:00 to 01:59: | 3.4% |
| 06:00 to 06:59: | 0.9% |
| 08:00 to 08:59: | 4.3% |
| 09:00 to 09:59: | 7.7% |
| 10:00 to 10:59: | 4.3% |
| 11:00 to 11:59: | 6.8% |
| 12:00 to 12:59: | 4.3% |
| 13:00 to 13:59: | 5.1% |
| 14:00 to 14:59: | 8.5% |
| 15:00 to 15:59: | 7.7% |
| 16:00 to 16:59: | 3.4% |
| 17:00 to 17:59: | 6.8% |
| 18:00 to 18:59: | 8.5% |
| 19:00 to 19:59: | 6.8% |
| 20:00 to 20:59: | 6.8% |
| 21:00 to 21:59: | 8.5% |
| 22:00 to 22:59: | 3.4% |
| 23:00 to 23:59: | 0.9% |
| 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 | |
|---|---|---|
| 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% |
| 012: | SPRUCE GROVE, AB | 0.221% |
| 013: | BROOKS, AB | 0.189% |
| 014: | COLD LAKE, AB | 0.172% |
| 015: | WHITECOURT, AB | 0.151% |
| 016: | STONY PLAIN, AB | 0.147% |
| 017: | LLOYDMINSTER, 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: | 27.4% | |
| First-time Buyer: | 13.7% | |
| Renewal: | 13.7% | |
| Refinance: | 13.7% | |
| Purchase: | 13.7% | |
| No Money Down: | 6.0% | |
| Pre-approval: | 3.4% | |
| Equity Mortgage: | 3.4% | |
| HELOC: | 1.7% | |
| : | 0.9% | |
| Second Mortgage: | 0.9% | |
| Home Renovation: | 0.9% | |
| Investment: | 0.9% | |
| Total Application Types Found: 13 | ||
Average age: 38
Oldest age: 75
Youngest age: 19
The following figures show the average income of people 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: | $75,201.11 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $15,702.65 |
| mortgage co-applicants in Spruce Grove: | $46,282.44 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | $3,879.31 |
The pie chart below shows the residential status of people living in Spruce Grove who have applied for a home loan using CanEquity's online mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 34.2% | |
| Own: | 57.3% | |
| Other: | 1.7% | |
| No Comment: | 5.1% | |
| Live with parents: | 1.7% |
The following pie chart represents the marital status of applicants from Spruce Grove, Alberta using the mortgage application found on canequity.com. In Spruce Grove, approximately 63% of the mortgage applicants are living common-law or married, while only 36% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 56.4% | |
| Single: | 27.4% | |
| Common-law: | 6.8% | |
| Divorced: | 6.0% | |
| Separated: | 3.4% |
