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Cold Lake Mortgage Information

Average Mortgage Loan in Cold Lake: $242,983

Busy Months for Applications within Cold Lake

The bar graph below shows the volumes of applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Cold Lake happen to occur during our second quarter (represented by the green bars) with 41.44% while our slowest is the fourth quarter (represented by the red bars) with 15.32%.

Busy Months Report for Cold Lake Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 April: 18.0%
2 May: 16.2%
3 October: 11.7%
4 March: 10.8%
5 February: 8.1%
6 July: 7.2%
RankMonth Percentage of Applications
7 August: 7.2%
8 June: 7.2%
9 January: 5.4%
10 September: 4.5%
11 December: 2.7%
12 November: 0.9%

Busy Days for Applications within Cold Lake

The information listed below plots the busy days for online applications that were received by our web site. Each day is a representation of the combined 6-year total of all instances of that day. In Cold Lake the busiest day, with 18.92% of all applications, is Monday. In comparison, Saturday's are the slowest day with only 9.91% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 18.9%
2 Tuesday: 17.1%
3 Friday: 17.1%
4 Thursday: 13.5%
5 Wednesday: 12.6%
6 Sunday: 10.8%
7 Saturday: 9.9%
Busy Days Report for Cold Lake Mortgages

Peak Hours for Mortgage Applicants within Cold Lake

In Cold Lake, inquiries are received 24 hours a day on our web site. The information shown below indicates the busy hours over a 24-hour period. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Cold Lake
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 1.8%
1AM 01:00 to 01:59: 0%
2AM 02:00 to 02:59: 0.9%
3AM 03:00 to 03:59: 0.9%
4AM 04:00 to 04:59: 0%
5AM 05:00 to 05:59: 0%
6AM 06:00 to 06:59: 0.9%
7AM 07:00 to 07:59: 0.9%
8AM 08:00 to 08:59: 2.7%
9AM 09:00 to 09:59: 5.4%
10AM 10:00 to 10:59: 6.3%
11AM 11:00 to 11:59: 8.1%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 7.2%
1PM 13:00 to 13:59: 7.2%
2PM 14:00 to 14:59: 5.4%
3PM 15:00 to 15:59: 7.2%
4PM 16:00 to 16:59: 7.2%
5PM 17:00 to 17:59: 6.3%
6PM 18:00 to 18:59: 2.7%
7PM 19:00 to 19:59: 4.5%
8PM 20:00 to 20:59: 9.9%
9PM 21:00 to 21:59: 4.5%
10PM 22:00 to 22:59: 7.2%
11PM 23:00 to 23:59: 2.7%

Alberta Mortgage Originations Compared to all other Provinces and Territories


Online Mortgage Origination for the Province or Territory of Percentage of Applications
Alberta: 21.07%
British Columbia: 10.40%
Manitoba: 2.00%
New Brunswick: 2.53%
Newfoundland and Labrador: 1.30%
Nova Scotia: 3.29%
Northwest Territories: 0.49%
Nunavut: 0.10%
Ontario: 47.31%
Prince Edward Island: 0.51%
Quebec: 3.94%
Saskatchewan: 5.04%
Yukon: 0.47%

How Cold Lake Ranks in Alberta for Mortgage Business

The following table lists how Cold Lake 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.

RankLocation Contribution
9AIRDRIE, AB 0.296%
10MEDICINE HAT, AB 0.289%
11OKOTOKS, AB 0.265%
12SPRUCE GROVE, AB 0.228%
13BROOKS, AB 0.197%
14COLD LAKE, AB 0.192%
15WHITECOURT, AB 0.149%
16STONY PLAIN, AB 0.140%
17LLOYDMINSTER, AB 0.128%
18LEDUC, AB 0.118%
19EDSON, AB 0.116%

Types of Mortgage Inquiries Received from Cold Lake


Type of Mortgage Application Form Selected  Percentage
of Inquiries
New Home Purchase: 23.4%
Mortgage Pre-approval: 20.7%
First-time Home Buyer: 20.7%
No Money Down Mortgage (discontinued): 18.0%
Refinance / Debt Consolidation: 9.0%
Mortgage Renewal: 5.4%
Other: 2.7%
 
Total Application Types Found: 9

Age Demographics for Cold Lake Mortgages

Average age: 33
Oldest age: 59
Youngest age: 20


Incomes for Cold Lake Mortgages

The figures below represent the average income of people living in Cold Lake who have applied for a loan using Mortgage Super Brokers' online mortgage application.

Average annual gross income for
mortgage applicants in Cold Lake: $61,439.40
applicants within all of Canada: $60,852.54
Difference: $586.86
  
mortgage co-applicants in Cold Lake: $43,051.18
co-applicants within all of Canada: $43,965.51
Difference: ($914.33)

Note: Commercial Mortgage loans were not included for this section, only home loans from Cold Lake, Alberta were used.


Last mortgage report update for Cold Lake: Friday, July 1, 2016
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Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Olds.

Mortgage Product Type Inquiries
Refinance/Consolidate Debt24.19%
Mortgage Pre-approval17.74%
New Purchase17.74%
First-time Home Buyer16.13%
Mortgage Renewal8.06%
No Money Down discontinued4.84%
Other11.3%
 
Did you know? The average home loan in Barrhead is: Discover many more facts and statistics exclusively here at Mortgage Super Brokers.
Alberta