Canadian Maple Leaf 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

Devon Mortgage Information

Average Mortgage Loan in Devon: $204,740

Busy Days for Online Applications within Devon

The bar graph below shows the busy days for Internet 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 Devon the busiest day of the week, with 25.81% of all submissions, is Monday. In comparison, Saturday's are the slowest day with only 3.23% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 25.8%
2 Tuesday: 16.1%
3 Thursday: 16.1%
4 Friday: 12.9%
5 Wednesday: 12.9%
6 Sunday: 12.9%
7 Saturday: 3.2%
Busy Days Report for Devon Mortgages

Peak Hours for Applicants within Devon

Devon mortgage applications are received 24 hours a day from the Mortgage Super Brokers web site. The following indicates the peak hours within a 24-hour period. The data is taken from all days of all years. Only 22.6% of all mortgages are received during the morning, while 71.0% arrive in the afternoon.


Peak Hours Graph for Mortgages in Devon
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 3.2%
1AM 01:00 to 01:59: 0%
2AM 02:00 to 02:59: 3.2%
3AM 03:00 to 03:59: 0%
4AM 04:00 to 04:59: 3.2%
5AM 05:00 to 05:59: 0%
6AM 06:00 to 06:59: 0%
7AM 07:00 to 07:59: 3.2%
8AM 08:00 to 08:59: 9.7%
9AM 09:00 to 09:59: 0%
10AM 10:00 to 10:59: 0%
11AM 11:00 to 11:59: 6.5%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 12.9%
1PM 13:00 to 13:59: 0%
2PM 14:00 to 14:59: 3.2%
3PM 15:00 to 15:59: 9.7%
4PM 16:00 to 16:59: 3.2%
5PM 17:00 to 17:59: 6.5%
6PM 18:00 to 18:59: 0%
7PM 19:00 to 19:59: 3.2%
8PM 20:00 to 20:59: 12.9%
9PM 21:00 to 21:59: 6.5%
10PM 22:00 to 22:59: 9.7%
11PM 23:00 to 23:59: 3.2%

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 Devon Ranks in Alberta for Mortgage Business

The following table lists how Devon 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
36SLAVE LAKE, AB 0.069%
37HIGH PRAIRIE, AB 0.066%
38PEACE RIVER, AB 0.062%
39PONOKA, AB 0.057%
40BONNYVILLE, AB 0.054%
41DEVON, AB 0.054%
42BARRHEAD, AB 0.054%
43REDCLIFF, AB 0.052%
44ST PAUL, AB 0.050%
45WAINWRIGHT, AB 0.048%
46ATHABASCA, AB 0.048%

Types of Mortgage Inquiries Received from Devon


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 22.6%
First-time Home Buyer: 19.4%
No Money Down Mortgage (discontinued): 16.1%
New Home Purchase: 12.9%
Mortgage Renewal: 9.7%
Refinance / Debt Consolidation: 9.7%
Pre-approval: 6.5%
Other: 3.2%
 
Total Application Types Found: 8

Age Demographics for Devon Mortgages

Average age: 36
Oldest age: 67
Youngest age: 22


Incomes for Devon Mortgages

The numbers below represent the average income of people living in Devon who have applied for a mortgage loan using the Super Brokers' mortgage application.

Average annual gross income for
mortgage applicants in Devon: $86,146.26
applicants within all of Canada: $60,852.54
Difference: $25,293.72
  
mortgage co-applicants in Devon: $35,585.00
co-applicants within all of Canada: $43,965.51
Difference: ($8,380.51)

Note: Commercial loan amounts were not included for this section, only residential mortgage loan amounts from Devon, Alberta were used.


Last mortgage report update for Devon: Friday, July 1, 2016
Mortgage Calculator
 
Mortgage Rates
When it comes to mortgages, low rates are king. Come check out our greatest mortgage rates and see how much you can save.
Mortgage Rates
 
Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in High River.

Mortgage Product Type Inquiries
Mortgage Pre-approval22.41%
New Purchase17.24%
Refinance/Consolidate Debt17.24%
No Money Down discontinued15.52%
First-time Home Buyer10.34%
Mortgage Renewal6.90%
Other10.33%