Alberta Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
Disclaimer:
CanEquity Mortgage has compiled the following data for educational and informational purposes as outlined in our privacy policy. All names, street and e-mail addresses, telephone numbers, dates of birth, and other forms of identification have been removed before the following data was compiled. These statistics are anonymous and contain no personal information, and cannot be used to gather such information.
The statistics gathered are from CanEquity’s web site and do not include inquiries via fax, e-mail, contact forms, phone-ins or walk-ins. The statistics gathered represent the growing Internet usage and mortgage trends found within Canada.
All information, charts and graphs represented are deemed accurate and reliable but no warranty or guarantee is implied. Data may be noticeably affected from time to time by changes in CanEquity Mortgage marketing efforts. Data may also be affected by Internet connectivity, outages and service (or lack of) to areas within Canada. The range of data collected is from 30,000 to 60,000 mortgage applicants from across Canada. All data has a deviation of +/- 1.00% for added anonymity. No statistic contained herein represents a single person.
This information may be used freely for educational or non-commercial use. For more information about this service, please e-mail marketing@canequity.com. Copyright © 2001-2009 CEG Research, The Canadian Equity Group Inc.
| Year | Volume Comparison | ** National Contribution |
|---|---|---|
| 2010: | * 4.38% | * 0.93% |
| 2009: | 17.41% | 3.67% |
| 2008: | 14.54% | 3.07% |
| 2007: | 14.32% | 3.02% |
| 2006: | 14.31% | 3.02% |
| 2005: | 10.84% | 2.29% |
| 2004: | 7.00% | 1.48% |
| 2003: | 8.71% | 1.84% |
| 2002: | 8.49% | 1.79% |
The following represents the individual monthly volume history for Internet mortgage applications sent from Alberta.
The following bar graph displays the volumes of Internet applications received by CanEquity in each month for all years combined. The busiest months for mortgages occur during our first quarter (represented by the brown bars) with 31.02% while our slowest is the fourth quarter (represented by the red bars) with 17.76%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | January: | 10.9% | |
| 2: | March: | 10.4% | |
| 3: | May: | 9.7% | |
| 4: | February: | 9.7% | |
| 5: | April: | 9.6% | |
| 6: | June: | 9.2% | |
| 7: | July: | 8.3% | |
| 8: | August: | 7.5% | |
| 9: | September: | 7.0% | |
| 10: | October: | 6.8% | |
| 11: | November: | 6.0% | |
| 12: | December: | 4.9% |
The graph listed below illustrates the busy days for online inquiries that were received by CanEquity. 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, having more than 18.53% of all applications, is Tuesday. In comparison, Saturday's are the slowest day with only 8.63% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Tuesday: | 18.5% | |
| 2: | Monday: | 18.2% | |
| 3: | Wednesday: | 16.6% | |
| 4: | Thursday: | 15.0% | |
| 5: | Friday: | 12.6% | |
| 6: | Sunday: | 10.4% | |
| 7: | Saturday: | 8.6% |
In Alberta, mortgage applications are received 24 hours a day from the CanEquity web site. The following indicates the rush hours over a 24-hour period. The data is taken from all days of all years. Only 24.4% of all mortgages are received during the morning, while 72.4% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 1.8% |
| 01:00 to 01:59: | 0.9% |
| 02:00 to 02:59: | 0.5% |
| 03:00 to 03:59: | 0.3% |
| 04:00 to 04:59: | 0.2% |
| 05:00 to 05:59: | 0.5% |
| 06:00 to 06:59: | 0.6% |
| 07:00 to 07:59: | 1.5% |
| 08:00 to 08:59: | 2.8% |
| 09:00 to 09:59: | 5.0% |
| 10:00 to 10:59: | 6.3% |
| 11:00 to 11:59: | 7.2% |
| 12:00 to 12:59: | 7.4% |
| 13:00 to 13:59: | 7.3% |
| 14:00 to 14:59: | 7.6% |
| 15:00 to 15:59: | 7.6% |
| 16:00 to 16:59: | 6.1% |
| 17:00 to 17:59: | 5.2% |
| 18:00 to 18:59: | 5.4% |
| 19:00 to 19:59: | 5.5% |
| 20:00 to 20:59: | 6.2% |
| 21:00 to 21:59: | 5.7% |
| 22:00 to 22:59: | 5.2% |
| 23:00 to 23:59: | 3.2% |
| Online Mortgage Origination for the Province of | Percentage in Comparison |
|---|---|
| Alberta: | 100.0% |
| British Columbia: | 51.4% |
| Manitoba: | 9.9% |
| New Brunswick: | 10.0% |
| Newfoundland and Labrador: | 5.4% |
| Nova Scotia: | 13.8% |
| Northwest Territories: | 1.5% |
| Nunavut: | 0.4% |
| Ontario: | 231.3% |
| Prince Edward Island: | 2.1% |
| Quebec: | 19.7% |
| Saskatchewan: | 24.0% |
| Yukon Territories: | 1.2% |
| City or Town within the province of Alberta | Percentage of Inquiries | Average Age | Average Income | Average Co-Income | Average Home Loan | |
|---|---|---|---|---|---|---|
| 001: | CALGARY, AB | 34.025% | 36 | $65,532.80 | $44,634.97 | $220,245.74 |
| 002: | EDMONTON, AB | 21.607% | 35 | $57,570.48 | $41,645.41 | $197,372.39 |
| 003: | RED DEER, AB | 2.919% | 34 | $55,709.25 | $37,989.15 | $194,893.88 |
| 004: | FORT MCMURRAY, AB | 2.697% | 35 | $90,633.97 | $55,359.62 | $308,571.23 |
| 005: | LETHBRIDGE, AB | 1.998% | 38 | $51,138.59 | $29,382.49 | $175,596.35 |
| 006: | SHERWOOD PARK, AB | 1.898% | 39 | $70,670.21 | $45,734.36 | $194,760.34 |
| 007: | GRANDE PRAIRIE, AB | 1.654% | 33 | $66,018.80 | $49,415.08 | $186,066.49 |
| 008: | ST ALBERT, AB | 1.487% | 38 | $69,476.64 | $43,395.73 | $189,239.96 |
| 009: | MEDICINE HAT, AB | 1.432% | 35 | $54,127.63 | $44,590.76 | $169,750.92 |
| 010: | AIRDRIE, AB | 1.265% | 38 | $60,536.43 | $41,675.67 | $201,233.15 |
| 011: | OKOTOKS, AB | 1.132% | 37 | $76,581.97 | $36,767.28 | $207,695.51 |
| 012: | SPRUCE GROVE, AB | 1.010% | 37 | $74,703.78 | $43,320.61 | $204,534.40 |
| 013: | BROOKS, AB | 0.954% | 32 | $64,276.33 | $31,981.35 | $163,654.64 |
| 014: | WHITECOURT, AB | 0.732% | 34 | $65,288.32 | $33,161.54 | $186,067.31 |
| 015: | STONY PLAIN, AB | 0.699% | 37 | $57,977.13 | $42,830.19 | $195,472.63 |
| 016: | COLD LAKE, AB | 0.666% | 34 | $58,113.81 | $38,360.63 | $201,691.78 |
| 017: | WETASKIWIN, AB | 0.555% | 38 | $55,533.65 | $31,970.77 | $141,157.93 |
| 018: | SYLVAN LAKE, AB | 0.555% | 34 | $58,747.06 | $48,503.10 | $210,983.51 |
| 019: | EDSON, AB | 0.544% | 35 | $66,036.76 | $34,560.76 | $163,311.48 |
| 020: | LLOYDMINSTER, AB | 0.510% | 35 | $60,958.56 | $33,117.65 | $158,352.26 |
| 021: | CANMORE, AB | 0.510% | 38 | $67,518.39 | $53,312.14 | $256,124.81 |
| 022: | STRATHMORE, AB | 0.499% | 36 | $56,053.82 | $34,777.78 | $166,272.40 |
| 023: | OLDS, AB | 0.499% | 38 | $58,482.28 | $36,658.13 | $140,813.51 |
| 024: | FORT SASKATCHEWAN, AB | 0.477% | 35 | $68,776.55 | $36,133.33 | $174,430.14 |
| 025: | COCHRANE, AB | 0.466% | 36 | $68,846.92 | $55,125.00 | $218,101.39 |
| 026: | LACOMBE, AB | 0.444% | 37 | $65,195.26 | $40,675.24 | $175,533.94 |
| 027: | LEDUC, AB | 0.444% | 36 | $73,876.69 | $53,943.67 | $203,079.90 |
| 028: | HIGH RIVER, AB | 0.422% | 35 | $57,536.17 | $34,615.38 | $182,650.00 |
| 029: | CAMROSE, AB | 0.377% | 35 | $53,143.03 | $30,915.50 | $209,167.86 |
| 030: | INNISFAIL, AB | 0.355% | 36 | $48,592.16 | $27,830.00 | $180,625.93 |
| 031: | BEAUMONT, AB | 0.344% | 39 | $61,821.20 | $39,545.45 | $166,583.12 |
| 032: | ROCKY MOUNTAIN HOUSE, AB | 0.344% | 36 | $61,352.10 | $41,840.73 | $195,956.67 |
| 033: | CHESTERMERE, AB | 0.333% | 35 | $74,471.07 | $45,060.00 | $250,630.96 |
| 034: | SLAVE LAKE, AB | 0.311% | 35 | $47,914.77 | $39,371.20 | $144,342.86 |
| 035: | HINTON, AB | 0.311% | 38 | $63,901.79 | $45,181.82 | $187,247.39 |
| 036: | PEACE RIVER, AB | 0.300% | 38 | $59,156.76 | $42,188.22 | $172,090.91 |
| 037: | DRAYTON VALLEY, AB | 0.300% | 31 | $66,364.70 | $63,187.63 | $177,477.27 |
| 038: | TABER, AB | 0.266% | 42 | $69,418.00 | $37,728.67 | $164,363.32 |
| 039: | BARRHEAD, AB | 0.255% | 35 | $57,478.73 | $40,951.58 | $150,183.33 |
| 040: | ATHABASCA, AB | 0.244% | 34 | $77,152.00 | $37,302.78 | $193,465.00 |
| 041: | HIGH PRAIRIE, AB | 0.244% | 35 | $61,481.19 | $47,200.00 | $149,421.43 |
| 042: | DRUMHELLER, AB | 0.233% | 38 | $55,191.63 | $22,296.00 | $168,347.06 |
| 043: | PONOKA, AB | 0.233% | 37 | $55,825.50 | $22,333.33 | $153,105.56 |
| 044: | DEVON, AB | 0.222% | 36 | $79,220.00 | $34,954.29 | $169,187.50 |
| 045: | STETTLER, AB | 0.222% | 38 | $58,160.42 | $38,325.00 | $163,452.28 |
| 046: | REDCLIFF, AB | 0.222% | 34 | $50,730.00 | $34,666.67 | $152,833.94 |
| 047: | BONNYVILLE, AB | 0.211% | 31 | $65,033.79 | n/a | $199,755.44 |
| 048: | VEGREVILLE, AB | 0.200% | 37 | $60,787.63 | $34,471.08 | $149,352.94 |
| 049: | GRANDE CACHE, AB | 0.200% | 39 | $60,333.33 | $55,666.67 | $156,041.67 |
| 050: | ONOWAY, AB | 0.200% | 40 | $67,029.82 | $30,250.00 | $190,317.88 |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 24.8% | |
| First-time Buyer: | 20.3% | |
| Refinance: | 15.3% | |
| No Money Down: | 12.7% | |
| Renewal: | 9.9% | |
| Purchase: | 7.5% | |
| Pre-approval: | 2.5% | |
| Variable Rate: | 2.0% | |
| Investment: | 1.0% | |
| Other: | 3.8% | |
| Total Application Types Found: 20 | ||
Average age: 36
Oldest age: 89
Youngest age: 19
The following depicts the average income of Canadians living in Alberta who have applied for a home loan using the pre-approval application on the CanEquity Mortgage web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Alberta: | $62,878.33 |
| applicants within all of Canada: | $58,592.40 |
| Difference: | $4,285.93 |
| mortgage co-applicants in Alberta: | $42,212.20 |
| co-applicants within all of Canada: | $41,278.89 |
| Difference: | $933.31 |
The table and pie chart below represents the residential status of people living in Alberta who have applied for a mortgage using the CanEquity mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 42.7% | |
| Own: | 41.9% | |
| Other: | 2.2% | |
| No Comment: | 10.0% | |
| Live with parents: | 3.2% |
The following table and pie chart represents the marital status of applicants from Alberta using the mortgage preapproval application found on the CanEquity Mortgage web site. In Alberta, approximately 61% of the mortgage applicants are living with someone, while only 38% are not married or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 46.9% | |
| Single: | 30.2% | |
| Common-law: | 14.5% | |
| Divorced: | 4.4% | |
| Separated: | 3.6% | |
| Widowed: | 0.5% |
