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Busy Days for Mortgage Inquiries within Slave Lake

The bar graph below compares the busy days for online mortgage applications that were received by CanEquity's web site. Each day is a representation of the combined 6-year total of all instances of that day. In Slave Lake, the day with the most volume, generating 26.32% of all inquiries, is Tuesday. In comparison, Saturday's are the slowest day with only 2.63% of all inquiries.

Rank Day of the Week Percentage of Applications
1: Tuesday: 26.3%
2: Wednesday: 18.4%
3: Thursday: 18.4%
4: Friday: 15.8%
5: Sunday: 10.5%
6: Monday: 7.9%
7: Saturday: 2.6%
Busy Days Report for Slave Lake Mortgages

Peak Hours for Based Mortgages within Slave Lake

Applications are received 24 hours a day on the CanEquity web site. The information shown below indicates the rush hours in the day. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Slave Lake
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 2.6%
1AM 01:00 to 01:59: 0%
2AM 02:00 to 02:59: 0%
3AM 03:00 to 03:59: 0%
4AM 04:00 to 04:59: 0%
5AM 05:00 to 05:59: 0%
6AM 06:00 to 06:59: 0%
7AM 07:00 to 07:59: 0%
8AM 08:00 to 08:59: 2.6%
9AM 09:00 to 09:59: 2.6%
10AM 10:00 to 10:59: 5.3%
11AM 11:00 to 11:59: 5.3%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 5.3%
1PM 13:00 to 13:59: 5.3%
2PM 14:00 to 14:59: 5.3%
3PM 15:00 to 15:59: 10.5%
4PM 16:00 to 16:59: 2.6%
5PM 17:00 to 17:59: 2.6%
6PM 18:00 to 18:59: 10.5%
7PM 19:00 to 19:59: 7.9%
8PM 20:00 to 20:59: 15.8%
9PM 21:00 to 21:59: 7.9%
10PM 22:00 to 22:59: 7.9%
11PM 23:00 to 23:59: 0%

Alberta Mortgage Originations Compared to all other Provinces


Online Mortgage Origination for the Province of Percentage of Applications
Alberta: 20.83%
British Columbia: 10.42%
Manitoba: 1.98%
New Brunswick: 2.52%
Newfoundland and Labrador: 1.29%
Nova Scotia: 3.31%
Northwest Territories: 0.48%
Nunavut: 0.10%
Ontario: 47.68%
Prince Edward Island: 0.51%
Quebec: 3.96%
Saskatchewan: 5.03%
Yukon: 0.48%

Current City Standing within Alberta

RankLocation Contribution
30:LACOMBE, AB 0.076%
31:INNISFAIL, AB 0.076%
32:DRAYTON VALLEY, AB 0.075%
33:ROCKY MOUNTAIN HOUSE, AB 0.075%
34:HINTON, AB 0.069%
35:SLAVE LAKE, AB 0.067%
36:BEAUMONT, AB 0.067%
37:HIGH PRAIRIE, AB 0.064%
38:PEACE RIVER, AB 0.059%
39:PONOKA, AB 0.057%
40:BARRHEAD, AB 0.055%

Nearest Settlements


1Kinuso, Alberta


Age Demographics for Slave Lake Mortgage Applicants

Average age: 35
Oldest age: 55
Youngest age: 23


Incomes for Slave Lake Mortgage Applicants

The following depicts the average income of Canadians living in Slave Lake who have applied for a loan using CanEquity's pre-approval application.

Average annual gross income for
mortgage applicants in Slave Lake: $51,083.35
applicants within all of Canada: $60,593.10
Difference: ($9,509.75)
  
mortgage co-applicants in Slave Lake: $36,189.50
co-applicants within all of Canada: $43,761.59
Difference: ($7,572.09)

Note: Commercial loan amounts were not included for this survey, only residential loans were used.

Mortgage Amortization Calculator
An amortization is the amount of time scheduled to completely pay off a loan, and the amortization length you choose is important in shaping how much you'll end up paying for your home. While the Government of Canada's national housing agency caps the amortization period for high-ratio mortgages at 25 years, and that is the most popular amortization length in Canada, amortizations can range anywhere from 5 to 30 years for uninsured mortgages. Try our easy to use mortgage calculator to see how changing the amortization length affects your loan payments.
Mortgage Amortization Calculator
 
Mortgage Rates
Mortgage rates have been so low for so long that it might be hard to remember a time when they weren't low, but if you use our rate history page, you can look back and see how things have changed over the years.
Mortgage Rates
 
Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Brooks.

Mortgage Product Type Inquiries
Mortgage Pre-approval21.50%
First-time Home Buyer20.56%
No Money Down discontinued19.63%
Refinance/Consolidate Debt18.69%
New Purchase10.28%
Other9.32%