Last report update for Sylvan Lake: Friday, May 16, 2008
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Sylvan Lake Mortgage
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Related Links:
Bentley
Blackfalds
Bluffton
Caroline
Millet
Red Deer
Red Deer County
Rimbey
Rocky Mountain House
Springbrook

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Sylvan Lake Mortgages

Alberta Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Mortgages Received from Sylvan Lake

Year Year to Year
Comparison
** National
Contribution
2008: * 23.33% * 0.02%
2007: 30.00% 0.03%
2006: 6.67% 0.01%
2004: 13.33% 0.01%
2003: 6.67% 0.01%
2002: 20.00% 0.02%

Note: * These values are the percentages up to Friday, May 16, 2008. Estimated volume targets for the entire 2008 year are 56.67% and 0.06% respectively. ** Total national contribution of Sylvan Lake mortgages in the past is currently 0.10% with a projected target of 0.13%.

Busy Days for Online Applications within Sylvan Lake

The graph listed below compares the busy days for mortgage applications that were received by CanEquity's web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Sylvan Lake, the day with the most volume, generating 26.67% of all applications, is Thursday. In comparison, Saturday's are the slowest day with only 10.00% of all inquiries.

Rank Day of the
Week
Percentage
of Inquiries
1: Thursday: 26.7%
2: Wednesday: 16.7%
3: Sunday: 16.7%
4: Monday: 10.0%
5: Tuesday: 10.0%
6: Friday: 10.0%
7: Saturday: 10.0%
Busy Days Report for Sylvan Lake Mortgages

Peak Hours for Mortgages within Sylvan Lake

Mortgage applications are received 24 hours a day via the CanEquity web site. The information shown below represents 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: 3.3%
06:00 to 06:59: 3.3%
07:00 to 07:59: 3.3%
08:00 to 08:59: 6.7%
09:00 to 09:59: 3.3%
11:00 to 11:59: 6.7%
12:00 to 12:59: 10.0%
13:00 to 13:59: 16.7%
14:00 to 14:59: 3.3%
15:00 to 15:59: 3.3%
16:00 to 16:59: 3.3%
18:00 to 18:59: 6.7%
19:00 to 19:59: 6.7%
20:00 to 20:59: 6.7%
22:00 to 22:59: 6.7%
23:00 to 23:59: 10.0%
Peak Hours Graph for Mortgages in Sylvan Lake

Note: Only hours that have had mortgages from Sylvan Lake, Alberta are shown.

Alberta Mortgage Originations Compared to all other Provinces


Online Mortgage Origination
for the Province of
Percentage of
applications
Alberta 21.01%
British Columbia: 11.46%
Manitoba: 2.11%
New Brunswick: 2.02%
Newfoundland and Labrador: 1.14%
Nova Scotia: 2.78%
Northwest Territories: 0.30%
Nunavut: 0.09%
Ontario: 48.63%
Prince Edward Island: 0.36%
Quebec: 3.80%
Saskatchewan: 5.59%
Yukon Territories: 0.21%
Sylvan Lake Mortgages

Current City Standing within Alberta


Location Contribution
018:  WETASKIWIN, AB 0.109%
019:  FORT SASKATCHEWAN, AB 0.102%
020:  EDSON, AB 0.102%
021:  OLDS, AB 0.102%
022:  COCHRANE, AB 0.099%
023:  SYLVAN LAKE, AB 0.099%
024:  LLOYDMINSTER, AB 0.096%
025:  LACOMBE, AB 0.093%
026:  HIGH RIVER, AB 0.093%
027:  STRATHMORE, AB 0.083%
028:  ROCKY MOUNTAIN HOUSE, AB 0.083%

Nearest Settlements


1Rimbey, Alberta
2Bluffton, Alberta
3Bentley, Alberta
4Red Deer, Alberta
5Red Deer County, Alberta
6Rocky Mountain House, Alberta
7Blackfalds, Alberta
8Millet, Alberta
9Caroline, Alberta
10Springbrook, Alberta
11Wetaskiwin, Alberta
12Lacombe, Alberta
13Innisfail, Alberta


Product Popularity for Sylvan Lake


Mortgage Application
Form Type
  Percentage
of Inquiries
First-time Buyer: 33.3%
Refinance: 23.3%
Renewal: 10.0%
Qualification: 6.7%
No Money Down: 6.7%
Purchase: 6.7%
Pre-approval: 3.3%
Commercial: 3.3%
Short Term Open: 3.3%
Variable Rate: 3.3%
 
Total Application Types Found: 10
 Sylvan Lake Mortgage Product Popularity Pie Chart

Age Demographics for Sylvan Lake Originated Mortgages

Average age: 36
Oldest age: 67
Youngest age: 21


Incomes for Sylvan Lake Originated Mortgages

The following figures show the average income of Canadians living in Sylvan Lake who have applied for a loan using the pre-approval application on CanEquity's web site.

Average annual gross income for
mortgage applicants in Sylvan Lake: $54,322.55
applicants within all of Canada: $56,403.93
Difference: ($2,081.37)
  
mortgage co-applicants in Sylvan Lake: $50,588.50
co-applicants within all of Canada: $39,395.85
Difference: $11,192.65

Note: Commercial Mortgages were not included for this section, only residential mortgage loan amounts from Sylvan Lake, Alberta were used.

Residential Status for Sylvan Lake Mortgage Applicants

The table and pie chart below represents the residential status of people living in Sylvan Lake who have submitted a mortgage inquiry using the online application located at the CanEquity web site.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 40.0%
Own: 33.3%
No Comment: 23.3%
Live with parents: 3.3%
Sylvan Lake Residential Status Pie Chart

Marital Statistics for Sylvan Lake Mortgage Applicants

The following table and pie chart represents the marital status of applicants from Sylvan Lake, Alberta using the mortgage application found at canequity.com. Approximately 63% of the mortgage applicants are living common-law or married, while only 36% are not married or separated.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 50.0%
Single: 26.7%
Common-law: 13.3%
Divorced: 6.7%
Separated: 3.3%
Sylvan Lake Marital Status Pie Chart