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

The Mortgage Group®

Canada | BC | AB | SK | MB | ON | QC | NL | PE | NS | NB | YT | NU | NT

Alberta Mortgage Information

Busy Months for Mortgages in Alberta

This graph depicts the volumes of 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 30.25% while our slowest is the fourth quarter (represented by the red bars) with 17.28%.

Busy Months Report for Alberta Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 May: 10.6%
2 January: 10.6%
3 April: 10.1%
4 March: 10.1%
5 June: 9.5%
6 February: 9.0%
RankMonth Percentage of Applications
7 July: 8.4%
8 August: 7.5%
9 September: 7.0%
10 October: 6.9%
11 November: 5.8%
12 December: 4.6%

Busy Days for Mortgages in Alberta

The data below compares the busy days for Internet mortgage applications that were received by our web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In Alberta the busiest day of the week, with 18.32% of all applications, is Monday. In comparison, Saturday's are the slowest day with only 8.51% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 18.3%
2 Tuesday: 18.3%
3 Wednesday: 16.7%
4 Thursday: 15.4%
5 Friday: 12.4%
6 Sunday: 10.4%
7 Saturday: 8.5%
Busy Days Report for Alberta Mortgages

Peak Hours for Alberta Mortgage Applications

In Alberta, inquiries are received 24 hours a day on the Super Brokers' web site. The statistics 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: 5.2%
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: 6.1%
5PM 17:00 to 17:59: 5.1%
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 and Territories


Online Mortgage Origination for the Province or Territory of Percentage in Comparison
Alberta: 100.0%
British Columbia: 48.9%
Manitoba: 9.5%
New Brunswick: 11.9%
Newfoundland and Labrador: 6.1%
Nova Scotia: 15.5%
Northwest Territories: 2.3%
Nunavut: 0.4%
Ontario: 222.9%
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
Loan
1CALGARY, AB 32.277% 37 $69,749 $49,681 $250,694
2EDMONTON, AB 20.671% 36 $61,373 $45,098 $226,248
3FORT MCMURRAY, AB 3.054% 35 $101,619 $65,086 $350,392
4RED DEER, AB 3.030% 35 $61,500 $40,404 $211,190
5LETHBRIDGE, AB 1.987% 38 $54,599 $33,258 $199,568
6SHERWOOD PARK, AB 1.824% 40 $74,693 $53,317 $229,957
7GRANDE PRAIRIE, AB 1.702% 35 $70,796 $49,990 $203,399
8ST ALBERT, AB 1.466% 39 $73,130 $45,549 $222,506
9MEDICINE HAT, AB 1.368% 35 $57,823 $49,788 $192,870
10AIRDRIE, AB 1.360% 38 $68,894 $49,000 $241,445
11OKOTOKS, AB 1.303% 36 $77,314 $50,337 $246,175
12SPRUCE GROVE, AB 1.083% 37 $76,734 $48,227 $240,747
13COLD LAKE, AB 0.920% 33 $61,776 $43,051 $243,454
14BROOKS, AB 0.912% 34 $65,957 $37,404 $167,965
15WHITECOURT, AB 0.692% 35 $72,243 $37,417 $185,937
16STONY PLAIN, AB 0.668% 38 $66,038 $46,405 $219,098
17LLOYDMINSTER, AB 0.603% 34 $64,377 $40,725 $215,033
18LEDUC, AB 0.554% 37 $76,656 $54,541 $221,541
19EDSON, AB 0.538% 35 $68,276 $35,396 $200,782
20FORT SASKATCHEWAN, AB 0.497% 35 $67,406 $42,847 $217,027
21OLDS, AB 0.497% 38 $56,670 $36,421 $168,423
22STRATHMORE, AB 0.481% 37 $61,638 $39,333 $205,796
23COCHRANE, AB 0.472% 39 $74,012 $52,214 $229,220
24WETASKIWIN, AB 0.472% 38 $58,887 $32,412 $168,585
25HIGH RIVER, AB 0.464% 37 $67,198 $41,825 $235,506
26SYLVAN LAKE, AB 0.464% 34 $69,592 $53,898 $247,699
27CANMORE, AB 0.456% 38 $71,628 $45,808 $283,306
28CAMROSE, AB 0.424% 35 $56,265 $56,656 $223,551
29LACOMBE, AB 0.391% 38 $65,331 $45,611 $204,362
30DRAYTON VALLEY, AB 0.375% 34 $68,822 $53,358 $178,936
31HINTON, AB 0.367% 39 $70,322 $43,022 $224,068
32CHESTERMERE, AB 0.367% 37 $81,700 $64,795 $282,262
33INNISFAIL, AB 0.358% 39 $57,661 $36,725 $209,168
34ROCKY MOUNTAIN HOUSE, AB 0.342% 36 $60,312 $57,756 $211,667
35BEAUMONT, AB 0.334% 39 $73,658 $36,428 $219,226
36HIGH PRAIRIE, AB 0.334% 36 $66,509 $61,638 $179,948
37SLAVE LAKE, AB 0.309% 35 $51,083 $36,189 $180,405
38PEACE RIVER, AB 0.301% 38 $75,911 $45,369 $211,473
39PONOKA, AB 0.269% 37 $58,118 $35,666 $182,258
40BONNYVILLE, AB 0.261% 32 $65,426 $72,333 $180,190
41DEVON, AB 0.252% 36 $86,243 $32,097 $200,851
42BARRHEAD, AB 0.252% 33 $61,564 $39,487 $192,418
43REDCLIFF, AB 0.236% 36 $54,348 $39,600 $147,388
44STETTLER, AB 0.228% 39 $75,609 $40,733 $166,958
45DRUMHELLER, AB 0.220% 39 $68,526 $57,836 $162,845
46DIDSBURY, AB 0.220% 42 $67,062 $41,362 $199,469
47ST PAUL, AB 0.220% 34 $72,244 $36,690 $223,013
48WAINWRIGHT, AB 0.220% 35 $55,728 $74,000 $173,208
49BLACKFALDS, AB 0.220% 38 $68,866 $34,164 $226,176
50ATHABASCA, AB 0.220% 34 $68,681 $35,593 $175,372

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: 16.5%
Refinance / Debt Consolidation: 13.5%
No Money Down Mortgage (discontinued): 11.3%
Mortgage Renewal: 9.5%
Other: 9.6%
 
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 Canadians living in Alberta who have submitted a mortgage inquiry using the Super Brokers' mortgage application.

Average annual gross income for
mortgage applicants in Alberta: $67,531.42
applicants within all of Canada: $60,871.80
Difference: $6,659.62
  
mortgage co-applicants in Alberta: $47,163.54
co-applicants within all of Canada: $44,075.54
Difference: $3,088.01

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

Last mortgage report update for Alberta: Thursday, August 13, 2015
Home Mortgage
 
Try Our Mortgage Calculator Now
Did you know that you can save more than $20,000 in interest and cut almost three years off a $400,000 mortgage by switching to an accelerated payment schedule? Try our mortgage calculator and see how accelerated payments can affect your mortgage!
Calculator Buttons
 
Did you know? The average home loan in High Prairie is: Discover many more facts and statistics exclusively here at Mortgage Super Brokers.
Alberta