Canadian Licensing Info: Alberta Mortgage #MW-0511205,
BC Mortgage #X028169, FSCO (Ontario) #10315,
Saskatchewan Mortgage #315872, and all other provinces.
 
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Alberta Mortgage Information

Busy Months for Mortgages in Alberta

The bar graph below shows the volumes of mortgage applications received by Super Brokers in each month for all years combined. The busiest months for mortgages occur during our second quarter (represented by the green bars) with 30.15% while our slowest is the fourth quarter (represented by the red bars) with 17.38%.

Busy Months Report for Alberta Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 January: 10.6%
2 May: 10.6%
3 April: 10.1%
4 March: 10.1%
5 June: 9.4%
6 February: 9.1%
RankMonth Percentage of Applications
7 July: 8.2%
8 August: 7.5%
9 September: 7.0%
10 October: 6.9%
11 November: 5.8%
12 December: 4.7%

Busy Days for Mortgages in Alberta

The information listed below displays the busy days for online applications that were received by Super Brokers. Each day is a representation of the combined 6-year total of all instances of that day. In Alberta the busiest day of the week, with 18.35% of all submissions, is Monday. In comparison, Saturday's are the slowest day with only 8.50% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 18.4%
2 Tuesday: 18.3%
3 Wednesday: 16.7%
4 Thursday: 15.4%
5 Friday: 12.3%
6 Sunday: 10.4%
7 Saturday: 8.5%
Busy Days Report for Alberta Mortgages

Peak Hours for Alberta Mortgage Applications

Alberta mortgage applications are received 24 hours a day via the Mortgage Super Brokers web site. The report shown below represents the rush hours in the day. The data is taken from all days of all years. Only 25.5% of all mortgages are received before noon, while 71.3% 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: 0.4%
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: 5.3%
10AM 10:00 to 10:59: 6.5%
11AM 11:00 to 11:59: 7.4%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 7.3%
1PM 13:00 to 13:59: 7.4%
2PM 14:00 to 14:59: 7.6%
3PM 15:00 to 15:59: 7.6%
4PM 16:00 to 16:59: 6.2%
5PM 17:00 to 17:59: 5.1%
6PM 18:00 to 18:59: 5.2%
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 and Territories


Online Mortgage Origination for the Province or Territory of Percentage in Comparison
Alberta: 100.0%
British Columbia: 49.0%
Manitoba: 9.4%
New Brunswick: 11.9%
Newfoundland and Labrador: 6.1%
Nova Scotia: 15.5%
Northwest Territories: 2.3%
Nunavut: 0.5%
Ontario: 223.5%
Prince Edward Island: 2.4%
Quebec: 18.6%
Saskatchewan: 23.9%
Yukon: 2.2%

Top Producing Cities / Towns for Mortgages in Alberta

Rank City or Town within
Alberta
Percentage
of Inquiries
Avg
Age
Average
Income
Average
Co-Income
Average
Home Loan
1CALGARY, AB 32.309% 37 $69,708 $49,660 $250,209
2EDMONTON, AB 20.701% 36 $61,307 $45,070 $226,169
3FORT MCMURRAY, AB 3.072% 35 $101,619 $65,086 $350,392
4RED DEER, AB 3.047% 35 $61,500 $40,404 $211,190
5LETHBRIDGE, AB 1.991% 38 $54,527 $33,258 $199,568
6SHERWOOD PARK, AB 1.810% 40 $74,254 $53,236 $229,681
7GRANDE PRAIRIE, AB 1.704% 35 $70,911 $49,990 $203,704
8ST ALBERT, AB 1.475% 39 $73,130 $45,549 $222,506
9MEDICINE HAT, AB 1.376% 35 $57,823 $49,788 $192,870
10AIRDRIE, AB 1.368% 38 $68,894 $49,000 $241,445
11OKOTOKS, AB 1.286% 36 $75,415 $50,337 $249,862
12SPRUCE GROVE, AB 1.081% 37 $76,929 $46,161 $238,797
13COLD LAKE, AB 0.926% 33 $61,776 $43,051 $243,454
14BROOKS, AB 0.918% 34 $65,957 $37,404 $167,965
15WHITECOURT, AB 0.696% 35 $72,243 $37,417 $185,937
16STONY PLAIN, AB 0.664% 38 $65,545 $46,405 $216,316
17LLOYDMINSTER, AB 0.598% 33 $64,340 $40,725 $212,453
18LEDUC, AB 0.557% 37 $76,656 $54,541 $221,541
19EDSON, AB 0.532% 35 $68,781 $35,396 $203,474
20FORT SASKATCHEWAN, AB 0.500% 35 $67,406 $42,847 $217,027
21OLDS, AB 0.492% 38 $57,085 $36,421 $168,196
22STRATHMORE, AB 0.483% 37 $61,638 $39,333 $205,796
23WETASKIWIN, AB 0.475% 38 $58,887 $32,412 $168,585
24COCHRANE, AB 0.467% 38 $74,012 $52,214 $229,220
25HIGH RIVER, AB 0.467% 37 $67,198 $41,825 $235,506
26SYLVAN LAKE, AB 0.467% 34 $69,592 $53,898 $247,699
27CANMORE, AB 0.459% 38 $71,628 $45,808 $283,306
28CAMROSE, AB 0.418% 35 $56,086 $57,947 $227,088
29LACOMBE, AB 0.385% 38 $64,685 $45,611 $207,832
30HINTON, AB 0.369% 39 $70,322 $43,022 $224,068
31CHESTERMERE, AB 0.369% 37 $81,700 $64,795 $282,262
32DRAYTON VALLEY, AB 0.369% 33 $65,907 $53,358 $180,785
33INNISFAIL, AB 0.352% 38 $58,678 $38,698 $210,026
34ROCKY MOUNTAIN HOUSE, AB 0.344% 36 $60,312 $57,756 $211,667
35BEAUMONT, AB 0.328% 39 $71,778 $36,428 $217,261
36HIGH PRAIRIE, AB 0.319% 36 $65,915 $65,525 $175,912
37SLAVE LAKE, AB 0.311% 35 $51,083 $36,189 $180,405
38PEACE RIVER, AB 0.303% 38 $75,911 $45,369 $211,473
39PONOKA, AB 0.270% 37 $58,118 $35,666 $182,258
40BONNYVILLE, AB 0.254% 31 $65,424 $80,800 $179,457
41DEVON, AB 0.254% 36 $86,243 $32,097 $200,851
42BARRHEAD, AB 0.254% 33 $61,564 $39,487 $192,418
43REDCLIFF, AB 0.238% 36 $54,348 $39,600 $147,388
44STETTLER, AB 0.229% 39 $75,609 $40,733 $166,958
45DRUMHELLER, AB 0.221% 39 $68,526 $57,836 $162,845
46DIDSBURY, AB 0.221% 42 $67,062 $41,362 $199,469
47ST PAUL, AB 0.221% 34 $72,244 $36,690 $223,013
48WAINWRIGHT, AB 0.221% 35 $55,728 $74,000 $173,208
49ATHABASCA, AB 0.221% 34 $68,681 $35,593 $175,372
50BLACKFALDS, AB 0.213% 38 $67,991 $34,164 $226,225

Types of Mortgage Inquiries Received from Alberta


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 22.1%
First-time Home Buyer: 17.5%
New Home Purchase: 16.3%
Refinance / Debt Consolidation: 13.5%
No Money Down Mortgage (discontinued): 11.4%
Mortgage Renewal: 9.6%
Other: 9.7%
 
Total Application Types Found: 23

Age Demographics for Alberta Mortgage Inquiries

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


Incomes for Alberta Mortgage Inquiries

The information below represents the average income of people living in Alberta who have submitted an inquiry using Mortgage Super Brokers' pre-approval application.

Average annual gross income for
mortgage applicants in Alberta: $67,470.30
applicants within all of Canada: $60,841.69
Difference: $6,628.61
  
mortgage co-applicants in Alberta: $47,112.55
co-applicants within all of Canada: $44,024.91
Difference: $3,087.64

Note: Commercial Mortgage loans were not included for this report, only residential mortgage loan amounts from Alberta were used.

Last mortgage report update for Alberta: Wednesday, May 20, 2015
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Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Strathmore.

Mortgage Product Type Inquiries
Refinance/Consolidate Debt18.64%
No Money Down discontinued13.56%
New Purchase13.56%
Mortgage Pre-approval11.86%
First-time Home Buyer10.17%
Mortgage Renewal10.17%
Pre-approval6.78%
Equity Mortgage6.78%
Other8.46%