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Cochrane Mortgage Information
Average Mortgage Loan in Cochrane: $229,220The following bar graph depicts the volumes of Internet applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Cochrane usually occur during our second quarter (represented by the green bars) with 36.84% while our slowest is the fourth quarter (represented by the red bars) with 15.79%.
Rankings for Busy Mortgage Months
| Rank | Month | | Percentage of Applications |
|---|
| 1 | March: | | 14.0% |
| 2 | May: | | 12.3% |
| 3 | April: | | 12.3% |
| 4 | June: | | 12.3% |
| 5 | January: | | 10.5% |
| 6 | July: | | 10.5% |
| Rank | Month | | Percentage of Applications |
|---|
| 7 | October: | | 8.8% |
| 8 | February: | | 7.0% |
| 9 | November: | | 5.3% |
| 10 | September: | | 5.3% |
| 11 | December: | | 1.8% |
| 12 | August: | | 0.9% |
The bar graph below shows the busy days for Internet applications that were received by our web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Cochrane, the day with the most volume, generating 24.56% of all submissions, is Wednesday. In comparison, Saturday's are the slowest day with only 7.02% of all inquiries.
| Rank | Day of the Week | Percentage of Applications |
|---|
| 1 | Wednesday: | 24.6% |
| 2 | Tuesday: | 19.3% |
| 3 | Thursday: | 15.8% |
| 4 | Monday: | 14.0% |
| 5 | Sunday: | 10.5% |
| 6 | Friday: | 8.8% |
| 7 | Saturday: | 7.0% |
In Cochrane, applications are received 24 hours a day on our web site. The following represents the peak hours in the day. The data is taken from all days of all years.
| Time | Period (24 Hour) | Percentage
of Applications |
|---|
| 12AM | 00:00 to 00:59: | 0%
|
| 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: | 7.0%
|
| 9AM | 09:00 to 09:59: | 5.3%
|
| 10AM | 10:00 to 10:59: | 10.5%
|
| 11AM | 11:00 to 11:59: | 10.5%
|
| Time | Period (24 Hour) | Percentage
of Applications |
|---|
| Lunch | 12:00 to 12:59: | 10.5%
|
| 1PM | 13:00 to 13:59: | 5.3%
|
| 2PM | 14:00 to 14:59: | 10.5%
|
| 3PM | 15:00 to 15:59: | 8.8%
|
| 4PM | 16:00 to 16:59: | 7.0%
|
| 5PM | 17:00 to 17:59: | 7.0%
|
| 6PM | 18:00 to 18:59: | 1.8%
|
| 7PM | 19:00 to 19:59: | 0%
|
| 8PM | 20:00 to 20:59: | 3.5%
|
| 9PM | 21:00 to 21:59: | 3.5%
|
| 10PM | 22:00 to 22:59: | 3.5%
|
| 11PM | 23:00 to 23:59: | 5.3%
|
The following table lists how Cochrane ranks for mortgage applications sent to our website. The data collected is over a 7-year time frame. A location has to have a minimum of three applications to make the list. To find more information, simply click on a location.
| Rank | Location | Contribution |
|---|
| 20 | FORT SASKATCHEWAN, AB | 0.109% |
| 21 | OLDS, AB | 0.107% |
| 22 | WETASKIWIN, AB | 0.104% |
| 23 | STRATHMORE, AB | 0.100% |
| 24 | HIGH RIVER, AB | 0.100% |
| 25 | COCHRANE, AB | 0.099% |
| 26 | SYLVAN LAKE, AB | 0.099% |
| 27 | CANMORE, AB | 0.097% |
| 28 | CAMROSE, AB | 0.088% |
| 29 | LACOMBE, AB | 0.080% |
| 30 | CHESTERMERE, AB | 0.078% |
| Type of Mortgage Application Form Selected | | Percentage
of Inquiries |
|---|
| Mortgage Pre-approval: | | 22.8% |
| Refinance / Debt Consolidation: | | 17.5% |
| First-time Home Buyer: | | 15.8% |
| No Money Down Mortgage (discontinued): | | 14.0% |
| New Home Purchase: | | 14.0% |
| Mortgage Renewal: | | 7.0% |
| Other: | | 9% |
| |
| Total Application Types Found: 11 |
Average age: 38
Oldest age: 61
Youngest age: 21
The following depicts the average income of Canadians living in Cochrane who have submitted an inquiry using Mortgage Super Brokers' online mortgage application.
| Average annual gross income for | |
|---|
| mortgage applicants in Cochrane: | $74,012.88 |
| applicants within all of Canada: | $60,852.54 |
| Difference: | $13,160.34 |
| | |
| mortgage co-applicants in Cochrane: | $52,214.29 |
| co-applicants within all of Canada: | $43,965.51 |
| Difference: | $8,248.77 |
Note: Commercial loan amounts were not included for this report, only residential loans amounts were used.
Licensing Info: Alberta Mortgage #MW-0511205,
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