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Monthly Volume History of Mortgage Applications from Alberta
The 6-year bar graph below depicts the individual monthly volume history for Internet mortgage pre-approval applications from Alberta.
Busy Months for Mortgages in Alberta
The bar graph below depicts the volumes of online mortgage 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 30.41% while our slowest is the fourth quarter (represented by the red bars) with 17.13%.
Rankings for Busy Mortgage Months
| Rank | Month | Percentage of Applications | |
|---|---|---|---|
| 1 | January: | 10.6% | |
| 2 | May: | 10.6% | |
| 3 | March: | 10.4% | |
| 4 | April: | 10.2% | |
| 5 | June: | 9.6% | |
| 6 | February: | 9.1% |
| Rank | Month | Percentage of Applications | |
|---|---|---|---|
| 7 | July: | 8.0% | |
| 8 | August: | 7.4% | |
| 9 | September: | 6.9% | |
| 10 | October: | 6.8% | |
| 11 | November: | 5.7% | |
| 12 | December: | 4.6% |
Busy Days for Mortgages in Alberta
The data below illustrates the busy days for Internet 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 Alberta, the day with the most volume, generating 18.48% 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: | 18.5% |
| 2: | Tuesday: | 18.3% |
| 3: | Wednesday: | 16.7% |
| 4: | Thursday: | 15.3% |
| 5: | Friday: | 12.3% |
| 6: | Sunday: | 10.4% |
| 7: | Saturday: | 8.5% |
Peak Hours for Alberta Mortgage Applications
In Alberta, inquiries are received 24 hours a day on the CanEquity web site. The statistics shown below indicates the rush hours within a 24-hour period. The data is taken from all days of all years.
| Time | Period (24 Hour) | Percentage of Applications |
|---|---|---|
| 12AM | 00:00 to 00:59: | 1.6% |
| 1AM | 01:00 to 01:59: | 0.9% |
| 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: | 5.1% |
| 10AM | 10:00 to 10:59: | 6.6% |
| 11AM | 11:00 to 11:59: | 7.3% |
| Time | Period (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: | 6.0% |
| 9PM | 21:00 to 21:59: | 5.6% |
| 10PM | 22:00 to 22:59: | 4.9% |
| 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: | 50.3% |
| Manitoba: | 9.6% |
| New Brunswick: | 12.2% |
| Newfoundland and Labrador: | 6.3% |
| Nova Scotia: | 16.0% |
| Northwest Territories: | 2.3% |
| Nunavut: | 0.5% |
| Ontario: | 231.0% |
| Prince Edward Island: | 2.5% |
| Quebec: | 19.1% |
| Saskatchewan: | 24.2% |
| 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 | 32.425% | 37 | $69,148 | $49,186 | $246,503 |
| 2: | EDMONTON, AB | 21.064% | 36 | $60,768 | $44,851 | $224,326 |
| 3: | FORT MCMURRAY, AB | 3.061% | 35 | $100,070 | $63,511 | $344,886 |
| 4: | RED DEER, AB | 3.052% | 35 | $60,854 | $40,462 | $210,357 |
| 5: | LETHBRIDGE, AB | 2.041% | 38 | $55,069 | $32,960 | $197,806 |
| 6: | SHERWOOD PARK, AB | 1.876% | 40 | $74,341 | $53,179 | $231,264 |
| 7: | GRANDE PRAIRIE, AB | 1.660% | 34 | $69,997 | $47,868 | $204,009 |
| 8: | ST ALBERT, AB | 1.479% | 39 | $72,693 | $45,904 | $221,188 |
| 9: | MEDICINE HAT, AB | 1.383% | 35 | $58,030 | $47,036 | $189,174 |
| 10: | AIRDRIE, AB | 1.340% | 38 | $68,296 | $48,708 | $232,350 |
| 11: | OKOTOKS, AB | 1.193% | 35 | $74,541 | $47,278 | $233,971 |
| 12: | SPRUCE GROVE, AB | 1.072% | 37 | $76,529 | $46,320 | $233,184 |
| 13: | BROOKS, AB | 0.908% | 33 | $65,062 | $37,175 | $164,567 |
| 14: | COLD LAKE, AB | 0.899% | 33 | $60,450 | $39,852 | $235,627 |
| 15: | WHITECOURT, AB | 0.692% | 35 | $69,973 | $36,943 | $187,316 |
| 16: | STONY PLAIN, AB | 0.683% | 38 | $65,667 | $46,405 | $213,991 |
| 17: | LLOYDMINSTER, AB | 0.579% | 33 | $62,002 | $39,304 | $202,733 |
| 18: | LEDUC, AB | 0.571% | 37 | $75,563 | $54,541 | $220,438 |
| 19: | EDSON, AB | 0.553% | 35 | $67,968 | $35,396 | $202,265 |
| 20: | OLDS, AB | 0.519% | 38 | $57,085 | $36,421 | $168,196 |
| 21: | FORT SASKATCHEWAN, AB | 0.502% | 35 | $66,943 | $42,847 | $208,478 |
| 22: | COCHRANE, AB | 0.493% | 38 | $74,012 | $52,214 | $229,220 |
| 23: | HIGH RIVER, AB | 0.493% | 37 | $67,198 | $41,825 | $235,506 |
| 24: | STRATHMORE, AB | 0.484% | 37 | $61,463 | $39,333 | $202,196 |
| 25: | CANMORE, AB | 0.476% | 37 | $72,102 | $45,808 | $286,748 |
| 26: | SYLVAN LAKE, AB | 0.476% | 34 | $67,947 | $55,419 | $247,993 |
| 27: | WETASKIWIN, AB | 0.467% | 38 | $58,361 | $32,876 | $172,349 |
| 28: | CAMROSE, AB | 0.406% | 35 | $55,267 | $41,858 | $217,728 |
| 29: | CHESTERMERE, AB | 0.389% | 37 | $81,700 | $64,795 | $282,262 |
| 30: | LACOMBE, AB | 0.372% | 37 | $65,853 | $44,011 | $215,372 |
| 31: | INNISFAIL, AB | 0.363% | 38 | $57,380 | $38,698 | $208,906 |
| 32: | ROCKY MOUNTAIN HOUSE, AB | 0.363% | 36 | $60,312 | $57,756 | $211,667 |
| 33: | DRAYTON VALLEY, AB | 0.355% | 33 | $67,118 | $54,911 | $180,038 |
| 34: | HINTON, AB | 0.337% | 39 | $68,031 | $43,778 | $211,475 |
| 35: | SLAVE LAKE, AB | 0.329% | 35 | $51,083 | $36,189 | $180,405 |
| 36: | BEAUMONT, AB | 0.320% | 40 | $73,148 | $36,538 | $215,286 |
| 37: | HIGH PRAIRIE, AB | 0.294% | 36 | $63,190 | $61,481 | $177,188 |
| 38: | PEACE RIVER, AB | 0.277% | 37 | $69,797 | $45,410 | $195,634 |
| 39: | PONOKA, AB | 0.277% | 37 | $57,783 | $35,666 | $177,901 |
| 40: | DEVON, AB | 0.259% | 36 | $88,117 | $32,097 | $204,923 |
| 41: | BARRHEAD, AB | 0.251% | 34 | $61,068 | $39,487 | $187,812 |
| 42: | ATHABASCA, AB | 0.233% | 34 | $68,681 | $35,593 | $175,372 |
| 43: | REDCLIFF, AB | 0.233% | 35 | $53,553 | $39,600 | $150,821 |
| 44: | DRUMHELLER, AB | 0.225% | 39 | $68,680 | $57,836 | $161,678 |
| 45: | BONNYVILLE, AB | 0.225% | 30 | $62,963 | $104,000 | $186,811 |
| 46: | ST PAUL, AB | 0.225% | 33 | $72,522 | $36,690 | $223,604 |
| 47: | STETTLER, AB | 0.225% | 39 | $76,841 | $40,733 | $169,573 |
| 48: | DIDSBURY, AB | 0.216% | 42 | $67,545 | $41,362 | $193,947 |
| 49: | ONOWAY, AB | 0.208% | 40 | $73,842 | $36,713 | $199,085 |
| 50: | TABER, AB | 0.208% | 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 figures below represent the average income of Canadians living in Alberta who have applied for a loan using the pre-approval application on CanEquity's web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Alberta: | $66,878.20 |
| applicants within all of Canada: | $60,503.19 |
| Difference: | $6,375.01 |
| mortgage co-applicants in Alberta: | $46,437.19 |
| co-applicants within all of Canada: | $43,699.18 |
| Difference: | $2,738.01 |
Note: Commercial loans were not included for this section, only residential loans from Alberta were used.
- Alberta Mortgages
- British Columbia Mortgages
- Manitoba Mortgages
- New Brunswick Mortgages
- Newfoundland Mortgages
- NWT Mortgages
- Nova Scotia Mortgages
- Ontario Mortgages
- PEI Mortgages
- Quebec Mortgages
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- Yukon Mortgages
Mortgage Rates
Just a small difference in rates can save you tens of thousands of dollars on your mortgage, so now just imagine what an even bigger difference will do. Take advantage of our very low mortgage rates and apply today.
Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Thunder Bay.
| Mortgage Product Type | Inquiries | |
|---|---|---|
| First-time Home Buyer | 19.72% | |
| Refinance/Consolidate Debt | 19.72% | |
| Mortgage Pre-approval | 17.84% | |
| Mortgage Renewal | 11.74% | |
| No Money Down discontinued | 11.27% | |
| New Purchase | 10.80% | |
| Other | 8.93% |
Did you know? The average home loan in Shelburne is:
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