Ontario Mortgage # 10896
Saskatchewan Mortgage # 311514
Real Estate Council of Alberta Authorized
BC Mortgage # X028126
- Last mortgage report update for Westlock: Wednesday, February 8, 2012   
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Related Links:
Barrhead
Bon Accord
Fort Saskatchewan
Gibbons
Legal
Morinville
Onoway
Redwater
Rochester

Westlock Mortgages

Alberta Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Applications from Westlock

Year Year to Year
Comparison
** National
Contribution
2011: 11.11% 0.00%
2010: 16.67% 0.01%
2009: 11.11% 0.00%
2007: 11.11% 0.00%
2006: 27.78% 0.01%
2005: 11.11% 0.00%
2003: 5.56% 0.00%
2002: 5.56% 0.00%

Note: ** Total national contribution of Westlock mortgages in the past is currently 0.04% with a projected target of 0.04%.

Alberta Mortgage Originations Compared to all other Provinces


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%
Westlock Mortgages

Current City Standing within Alberta


Location Contribution
052:  VEGREVILLE, AB 0.040%
053:  MORINVILLE, AB 0.038%
054:  NANTON, AB 0.036%
055:  HIGH LEVEL, AB 0.036%
056:  GIBBONS, AB 0.034%
057:  WESTLOCK, AB 0.034%
058:  THREE HILLS, AB 0.034%
059:  WAINWRIGHT, AB 0.032%
060:  CROSSFIELD, AB 0.032%
061:  CLAIRMONT, AB 0.030%
062:  CLARESHOLM, AB 0.030%

Nearest Settlements


1Legal, Alberta
2Bon Accord, Alberta
3Morinville, Alberta
4Rochester, Alberta
5Onoway, Alberta
6Gibbons, Alberta
7Redwater, Alberta
8Fort Saskatchewan, Alberta
9Barrhead, Alberta


Product Popularity for Westlock


Mortgage Application
Form Type
  Percentage
of Inquiries
Qualification: 33.3%
No Money Down: 27.8%
First-time Buyer: 16.7%
Refinance: 11.1%
Short Term Open: 5.6%
Pre-approval: 5.6%
 
Total Application Types Found: 6
 Westlock Mortgage Product Popularity Pie Chart

Age Demographics for Westlock Based Mortgages

Average age: 37
Oldest age: 52
Youngest age: 22


Incomes for Westlock Based Mortgages

The figures below represent the average income of applicants living in Westlock who have submitted an inquiry using the online application located at the CanEquity web site.

Average annual gross income for
mortgage applicants in Westlock: $51,755.72
applicants within all of Canada: $59,498.47
Difference: ($7,742.74)
  
mortgage co-applicants in Westlock: $16,800.00
co-applicants within all of Canada: $42,403.13
Difference: ($25,603.13)

Note: Commercial loans were not included for this survey, only residential mortgage loans from Westlock, Alberta were used.

Residential Status for Westlock Originated Mortgages

The following table represents the residential status of people living in Westlock 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: 66.7%
Own: 16.7%
Other: 5.6%
No Comment: 11.1%
Westlock Residential Status Pie Chart

Marital Statistics for Westlock Originated Mortgages

The following pie chart represents the marital status of applicants from Westlock, Alberta using the mortgage preapproval application found on the CanEquity Mortgage web site. In Westlock, approximately 72% of the mortgage applicants are living with someone, while only 27% are single, separated or divorced.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 61.1%
Single: 16.7%
Divorced: 11.1%
Common-law: 11.1%
Westlock Marital Status Pie Chart