Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 8.47% | 0.01% |
| 2010: | 8.47% | 0.01% |
| 2009: | 13.56% | 0.01% |
| 2008: | 30.51% | 0.03% |
| 2007: | 15.25% | 0.02% |
| 2006: | 3.39% | 0.00% |
| 2004: | 6.78% | 0.01% |
| 2003: | 3.39% | 0.00% |
| 2002: | 10.17% | 0.01% |
The bar graph below shows the volumes of Internet applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Sylvan Lake mostly occur during our second quarter (represented by the green bars) with 37.29% while our slowest is the fourth quarter (represented by the red bars) with 11.86%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | May: | 16.9% | |
| 2: | March: | 15.3% | |
| 3: | April: | 13.6% | |
| 4: | August: | 13.6% | |
| 5: | January: | 8.5% | |
| 6: | July: | 6.8% | |
| 7: | June: | 6.8% | |
| 8: | November: | 5.1% | |
| 9: | October: | 5.1% | |
| 10: | February: | 3.4% | |
| 11: | September: | 3.4% | |
| 12: | December: | 1.7% |
The bar graph below illustrates the busy days for online mortgage applications that were received by the CanEquity web site. Each day is a representation of the combined 6-year total of all instances of that day. In Sylvan Lake, the day with the most volume, generating 23.73% of all applications, is Thursday. In comparison, Saturday's are the slowest day with only 8.47% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Thursday: | 23.7% | |
| 2: | Wednesday: | 18.6% | |
| 3: | Tuesday: | 13.6% | |
| 4: | Sunday: | 13.6% | |
| 5: | Friday: | 11.9% | |
| 6: | Monday: | 10.2% | |
| 7: | Saturday: | 8.5% |
Applications are received 24 hours a day via the CanEquity web site. The graph shown below represents the busy 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: | 1.7% |
| 02:00 to 02:59: | 1.7% |
| 06:00 to 06:59: | 1.7% |
| 07:00 to 07:59: | 3.4% |
| 08:00 to 08:59: | 5.1% |
| 09:00 to 09:59: | 3.4% |
| 10:00 to 10:59: | 3.4% |
| 11:00 to 11:59: | 6.8% |
| 12:00 to 12:59: | 13.6% |
| 13:00 to 13:59: | 8.5% |
| 14:00 to 14:59: | 1.7% |
| 15:00 to 15:59: | 8.5% |
| 16:00 to 16:59: | 5.1% |
| 18:00 to 18:59: | 5.1% |
| 19:00 to 19:59: | 5.1% |
| 20:00 to 20:59: | 5.1% |
| 21:00 to 21:59: | 6.8% |
| 22:00 to 22:59: | 8.5% |
| 23:00 to 23:59: | 5.1% |
| 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 | |
|---|---|---|
| 016: | STONY PLAIN, AB | 0.147% |
| 017: | LLOYDMINSTER, AB | 0.121% |
| 018: | EDSON, AB | 0.115% |
| 019: | LEDUC, AB | 0.113% |
| 020: | STRATHMORE, AB | 0.111% |
| 021: | SYLVAN LAKE, AB | 0.111% |
| 022: | WETASKIWIN, AB | 0.108% |
| 023: | OLDS, AB | 0.100% |
| 024: | FORT SASKATCHEWAN, AB | 0.098% |
| 025: | COCHRANE, AB | 0.098% |
| 026: | CANMORE, AB | 0.096% |
| 1 | Rimbey, Alberta |
| 2 | Bluffton, Alberta |
| 3 | Bentley, Alberta |
| 4 | Red Deer, Alberta |
| 5 | Red Deer County, Alberta |
| 6 | Rocky Mountain House, Alberta |
| 7 | Blackfalds, Alberta |
| 8 | Millet, Alberta |
| 9 | Caroline, Alberta |
| 10 | Springbrook, Alberta |
| 11 | Wetaskiwin, Alberta |
| 12 | Lacombe, Alberta |
| 13 | Innisfail, Alberta |
| 14 | Delburne, Alberta |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| First-time Buyer: | 27.1% | |
| Refinance: | 18.6% | |
| Qualification: | 16.9% | |
| Renewal: | 11.9% | |
| No Money Down: | 6.8% | |
| Purchase: | 6.8% | |
| Variable Rate: | 5.1% | |
| Reverse Mortgage: | 1.7% | |
| Pre-approval: | 1.7% | |
| Commercial: | 1.7% | |
| Short Term Open: | 1.7% | |
| Total Application Types Found: 11 | ||
Average age: 35
Oldest age: 67
Youngest age: 21
The following figures show the average income of applicants living in Sylvan Lake who have applied for a mortgage loan using the pre-approval application on CanEquity's web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Sylvan Lake: | $64,963.60 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $5,465.14 |
| mortgage co-applicants in Sylvan Lake: | $48,880.09 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | $6,476.96 |
The information below represents the residential status of people living in Sylvan Lake who have applied for a loan using the pre-approval application on CanEquity's web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 40.7% | |
| Own: | 44.1% | |
| Other: | 1.7% | |
| No Comment: | 11.9% | |
| Live with parents: | 1.7% |
The following information represents the marital status of applicants from Sylvan Lake, Alberta using the online mortgage application found at the CanEquity web site. In Sylvan Lake, 67% of the mortgage applicants are living common-law or married, while only 32% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 45.8% | |
| Single: | 27.1% | |
| Common-law: | 22.0% | |
| Divorced: | 3.4% | |
| Separated: | 1.7% |
