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Monthly Volume History of Mortgage Applications from Alberta

The following bar graph illustrates CanEquity's individual monthly volume history for Internet applications sent from Alberta.


Monthly Volume Report for Alberta Mortgages

Busy Months for Mortgages in Alberta

The following depicts the volumes of online applications received by CanEquity in each month for all years combined. The busiest months for mortgages occur during our second quarter (represented by the green bars) with 30.02% while our slowest is the fourth quarter (represented by the red bars) with 17.45%.

Busy Months Report for Alberta Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 January: 10.5%
2 May: 10.4%
3 March: 10.3%
4 April: 10.1%
5 June: 9.5%
6 February: 9.0%
RankMonth Percentage of Applications
7 July: 8.1%
8 August: 7.5%
9 September: 7.1%
10 October: 7.0%
11 November: 5.8%
12 December: 4.7%

Busy Days for Mortgages in Alberta

The bar graph listed below displays the busy days for online 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 Alberta the busiest day, with 18.44% of all submissions, is Monday. In comparison, Saturday's are the slowest day with only 8.48% of all inquiries.

Rank Day of the Week Percentage of Applications
1: Monday: 18.4%
2: Tuesday: 18.3%
3: Wednesday: 16.8%
4: Thursday: 15.3%
5: Friday: 12.3%
6: Sunday: 10.4%
7: Saturday: 8.5%
Busy Days Report for Alberta Mortgages

Peak Hours for Alberta Mortgage Applications

In Alberta, mortgages are received 24 hours a day via the CanEquity web site. The report shown below indicates the rush hours over a 24-hour period. The data is taken from all days of all years. Only 25.4% of all mortgages are received during the morning, while 71.5% arrive in the afternoon.


Peak Hours Graph for Mortgages in Alberta
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 1.6%
1AM 01:00 to 01:59: 1.0%
2AM 02:00 to 02:59: 0.6%
3AM 03:00 to 03:59: 0.3%
4AM 04:00 to 04:59: 0.3%
5AM 05:00 to 05:59: 0.5%
6AM 06:00 to 06:59: 0.6%
7AM 07:00 to 07:59: 1.6%
8AM 08:00 to 08:59: 3.0%
9AM 09:00 to 09:59: 5.2%
10AM 10:00 to 10:59: 6.6%
11AM 11:00 to 11:59: 7.4%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 7.4%
1PM 13:00 to 13:59: 7.3%
2PM 14:00 to 14:59: 7.7%
3PM 15:00 to 15:59: 7.7%
4PM 16:00 to 16:59: 6.1%
5PM 17:00 to 17:59: 5.0%
6PM 18:00 to 18:59: 5.3%
7PM 19:00 to 19:59: 5.6%
8PM 20:00 to 20:59: 5.9%
9PM 21:00 to 21:59: 5.6%
10PM 22:00 to 22:59: 4.8%
11PM 23:00 to 23:59: 3.0%

Alberta Mortgage Originations Compared to all other Provinces


Online Mortgage Origination for the Province of Percentage in Comparison
Alberta: 100.0%
British Columbia: 50.0%
Manitoba: 9.5%
New Brunswick: 12.1%
Newfoundland and Labrador: 6.2%
Nova Scotia: 15.9%
Northwest Territories: 2.3%
Nunavut: 0.5%
Ontario: 228.8%
Prince Edward Island: 2.4%
Quebec: 19.0%
Saskatchewan: 24.1%
Yukon: 2.3%

Top Producing Cities / Towns for Mortgages in Alberta

Rank City or Town within
the province of Alberta
Percentage
of Inquiries
Avg
Age
Average
Income
Average
Co-Income
Average
Home Loan
1:CALGARY, AB 32.490% 37 $69,415 $49,321 $247,698
2:EDMONTON, AB 20.936% 36 $60,971 $44,856 $224,999
3:FORT MCMURRAY, AB 3.067% 35 $100,599 $63,537 $348,676
4:RED DEER, AB 3.050% 35 $60,854 $40,676 $210,711
5:LETHBRIDGE, AB 2.054% 38 $54,709 $33,299 $198,778
6:SHERWOOD PARK, AB 1.849% 40 $74,341 $53,179 $231,264
7:GRANDE PRAIRIE, AB 1.679% 35 $70,879 $47,693 $205,813
8:ST ALBERT, AB 1.466% 38 $72,627 $45,904 $221,792
9:AIRDRIE, AB 1.363% 38 $69,080 $48,515 $238,776
10:MEDICINE HAT, AB 1.363% 35 $58,030 $47,036 $189,174
11:OKOTOKS, AB 1.218% 36 $75,188 $47,620 $241,240
12:SPRUCE GROVE, AB 1.065% 37 $77,081 $46,409 $236,349
13:COLD LAKE, AB 0.912% 33 $60,475 $38,445 $237,743
14:BROOKS, AB 0.912% 33 $65,022 $37,633 $165,943
15:WHITECOURT, AB 0.682% 35 $69,973 $36,943 $187,316
16:STONY PLAIN, AB 0.682% 38 $65,545 $46,405 $215,169
17:LLOYDMINSTER, AB 0.571% 33 $62,002 $39,304 $202,733
18:LEDUC, AB 0.562% 37 $75,563 $54,541 $220,438
19:EDSON, AB 0.545% 35 $67,968 $35,396 $202,265
20:FORT SASKATCHEWAN, AB 0.520% 35 $67,406 $42,847 $217,027
21:OLDS, AB 0.511% 38 $57,085 $36,421 $168,196
22:COCHRANE, AB 0.486% 38 $74,012 $52,214 $229,220
23:HIGH RIVER, AB 0.486% 37 $67,198 $41,825 $235,506
24:STRATHMORE, AB 0.477% 37 $61,463 $39,333 $202,196
25:CANMORE, AB 0.469% 37 $72,102 $45,808 $286,748
26:SYLVAN LAKE, AB 0.469% 34 $67,947 $55,419 $247,993
27:WETASKIWIN, AB 0.460% 38 $58,361 $32,876 $172,349
28:CAMROSE, AB 0.400% 35 $55,267 $41,858 $217,728
29:CHESTERMERE, AB 0.383% 37 $81,700 $64,795 $282,262
30:LACOMBE, AB 0.366% 37 $65,853 $44,011 $215,372
31:INNISFAIL, AB 0.366% 38 $58,678 $38,698 $210,026
32:DRAYTON VALLEY, AB 0.358% 33 $67,424 $53,668 $185,983
33:ROCKY MOUNTAIN HOUSE, AB 0.358% 36 $60,312 $57,756 $211,667
34:HINTON, AB 0.332% 39 $68,031 $43,778 $211,475
35:SLAVE LAKE, AB 0.324% 35 $51,083 $36,189 $180,405
36:BEAUMONT, AB 0.324% 40 $72,252 $36,538 $210,580
37:HIGH PRAIRIE, AB 0.307% 36 $65,084 $61,481 $173,689
38:PEACE RIVER, AB 0.281% 37 $70,932 $45,410 $202,933
39:PONOKA, AB 0.273% 37 $57,783 $35,666 $177,901
40:BARRHEAD, AB 0.264% 33 $61,564 $39,487 $192,418
41:DEVON, AB 0.256% 36 $88,117 $32,097 $204,923
42:BONNYVILLE, AB 0.230% 30 $62,465 $104,000 $193,884
43:STETTLER, AB 0.230% 39 $74,671 $40,733 $165,456
44:ATHABASCA, AB 0.230% 34 $68,681 $35,593 $175,372
45:REDCLIFF, AB 0.230% 35 $53,553 $39,600 $150,821
46:DRUMHELLER, AB 0.222% 39 $68,680 $57,836 $161,678
47:DIDSBURY, AB 0.222% 42 $67,545 $41,362 $196,036
48:ST PAUL, AB 0.222% 33 $72,522 $36,690 $223,604
49:ONOWAY, AB 0.204% 40 $73,842 $36,713 $199,085
50:TABER, AB 0.204% 43 $68,382 $37,728 $163,471

Age Demographics for Alberta Mortgage Inquiries

Average age: 37
Oldest age: 89
Youngest age: 19


Incomes for Alberta Mortgage Inquiries

The amounts below are the average income of Canadians living in Alberta who have applied for a home loan using CanEquity's pre-approval application.

Average annual gross income for
mortgage applicants in Alberta: $67,123.04
applicants within all of Canada: $60,593.10
Difference: $6,529.93
  
mortgage co-applicants in Alberta: $46,554.40
co-applicants within all of Canada: $43,761.59
Difference: $2,792.81

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

Best Residential Mortgage Rates
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Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Terrace.

Mortgage Product Type Inquiries
Mortgage Pre-approval26.42%
Refinance/Consolidate Debt16.98%
No Money Down discontinued15.09%
New Purchase11.32%
Commercial Financing7.55%
Mortgage Renewal7.55%
First-time Home Buyer5.66%
Other9.43%
 
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