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Edmonton Mortgage Information

Average Mortgage Loan in Edmonton: $226,166

Busy Months for Online Applications within Edmonton

The following displays the volumes of applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Edmonton mostly occur during our second quarter (represented by the green bars) with 30.98% while our slowest is the fourth quarter (represented by the red bars) with 17.31%.

Busy Months Report for Edmonton Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 April: 10.9%
2 January: 10.3%
3 June: 10.2%
4 March: 10.1%
5 May: 9.9%
6 February: 9.3%
RankMonth Percentage of Applications
7 July: 7.5%
8 August: 7.5%
9 October: 7.1%
10 September: 6.9%
11 November: 5.7%
12 December: 4.5%

Busy Days for Online Mortgages within Edmonton

The graph below illustrates the busy days for mortgage inquiries that were received by Super Brokers' web site. Each day is a representation of the combined 6-year total of all instances of that day. In Edmonton, the day with the most volume, having more than 19.61% of all submissions, is Tuesday. In comparison, Saturday's are the slowest day with only 9.87% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Tuesday: 19.6%
2 Monday: 18.0%
3 Wednesday: 15.7%
4 Thursday: 13.4%
5 Friday: 12.3%
6 Sunday: 11.1%
7 Saturday: 9.9%
Busy Days Report for Edmonton Mortgages

Top 10 Days for Edmonton Mortgage Inquiries


1 009 on Wednesday, May 20, 2009.
2 009 on Tuesday, March 25, 2008.
3 007 on Tuesday, April 7, 2009.
4 007 on Monday, March 29, 2010.
5 006 on Tuesday, November 16, 2010.
6 006 on Monday, May 2, 2011.
7 006 on Friday, September 16, 2005.
8 006 on Monday, August 31, 2009.
9 006 on Saturday, February 10, 2007.
10 005 on Tuesday, June 12, 2012.

Note: These records do not include e-mails, contact forms, faxes, phone-ins or walk-ins.

Peak Hours for Applicants within Edmonton

In Edmonton, applications are received 24 hours a day via the Super Brokers' web site. The report shown below indicates the peak hours over a 24-hour period. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Edmonton
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 1.7%
1AM 01:00 to 01:59: 1.3%
2AM 02:00 to 02:59: 0.6%
3AM 03:00 to 03:59: 0.4%
4AM 04:00 to 04:59: 0.5%
5AM 05:00 to 05:59: 0.5%
6AM 06:00 to 06:59: 0.5%
7AM 07:00 to 07:59: 2.0%
8AM 08:00 to 08:59: 2.5%
9AM 09:00 to 09:59: 4.2%
10AM 10:00 to 10:59: 6.4%
11AM 11:00 to 11:59: 7.4%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 6.6%
1PM 13:00 to 13:59: 8.1%
2PM 14:00 to 14:59: 7.3%
3PM 15:00 to 15:59: 7.1%
4PM 16:00 to 16:59: 6.5%
5PM 17:00 to 17:59: 5.5%
6PM 18:00 to 18:59: 5.6%
7PM 19:00 to 19:59: 6.3%
8PM 20:00 to 20:59: 5.3%
9PM 21:00 to 21:59: 5.4%
10PM 22:00 to 22:59: 5.0%
11PM 23:00 to 23:59: 3.3%

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 Edmonton Ranks in Alberta for Mortgage Business

The following table lists how Edmonton 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
1CALGARY, AB 6.799%
2EDMONTON, AB 4.364%
3FORT MCMURRAY, AB 0.645%
4RED DEER, AB 0.638%
5LETHBRIDGE, AB 0.420%
6SHERWOOD PARK, AB 0.380%
7GRANDE PRAIRIE, AB 0.367%

Types of Mortgage Inquiries Received from Edmonton


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 22.6%
First-time Home Buyer: 21.1%
New Home Purchase: 15.2%
No Money Down Mortgage (discontinued): 13.5%
Refinance / Debt Consolidation: 10.0%
Mortgage Renewal: 9.5%
Other: 8.1%
 
Total Application Types Found: 20

Age Demographics for Edmonton Mortgages

Average age: 36
Oldest age: 84
Youngest age: 19


Incomes for Edmonton Mortgages

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

Average annual gross income for
mortgage applicants in Edmonton: $61,267.23
applicants within all of Canada: $60,852.54
Difference: $414.69
  
mortgage co-applicants in Edmonton: $44,898.73
co-applicants within all of Canada: $43,965.51
Difference: $933.22

Note: Commercial Mortgages were not included for this survey, only residential mortgage loan amounts from Edmonton, Alberta were used.


Last mortgage report update for Edmonton: 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 Lethbridge.

Mortgage Product Type Inquiries
Mortgage Pre-approval22.22%
First-time Home Buyer19.34%
No Money Down discontinued14.40%
New Purchase13.58%
Refinance/Consolidate Debt12.35%
Mortgage Renewal8.64%
Other9.45%