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Grande Prairie Mortgage Information

Average Mortgage Loan in Grande Prairie: $201,275

Busy Months for Mortgages within Grande Prairie

The 6-year bar graph below illustrates the volumes of applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Grande Prairie usually occur during our third quarter (represented by the blue bars) with 28.30% while our slowest is the fourth quarter (represented by the red bars) with 20.75%.

Busy Months Report for Grande Prairie Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 January: 13.2%
2 October: 13.2%
3 July: 9.9%
4 April: 9.4%
5 June: 9.4%
6 September: 9.4%
RankMonth Percentage of Applications
7 August: 9.0%
8 May: 8.5%
9 February: 5.2%
10 March: 5.2%
11 November: 3.8%
12 December: 3.8%

Busy Days for Mortgages Originating within Grande Prairie

The graph below plots the busy days for mortgage inquiries that were received by the Super Brokers web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In Grande Prairie, the day with the most volume, generating 19.81% of all applications, is Monday. In comparison, Saturday's are the slowest day with only 7.08% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 19.8%
2 Thursday: 18.9%
3 Tuesday: 17.0%
4 Wednesday: 13.7%
5 Sunday: 13.7%
6 Friday: 9.9%
7 Saturday: 7.1%
Busy Days Report for Grande Prairie Mortgages

Peak Hours for Mortgage Applicants within Grande Prairie

Applications are received 24 hours a day from our web site. The statistics shown below indicates the rush hours within a 24-hour period. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Grande Prairie
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 3.8%
1AM 01:00 to 01:59: 0%
2AM 02:00 to 02:59: 0.9%
3AM 03:00 to 03:59: 1.4%
4AM 04:00 to 04:59: 0.9%
5AM 05:00 to 05:59: 0%
6AM 06:00 to 06:59: 0.9%
7AM 07:00 to 07:59: 1.4%
8AM 08:00 to 08:59: 2.8%
9AM 09:00 to 09:59: 2.4%
10AM 10:00 to 10:59: 6.1%
11AM 11:00 to 11:59: 7.5%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 7.1%
1PM 13:00 to 13:59: 4.7%
2PM 14:00 to 14:59: 7.5%
3PM 15:00 to 15:59: 8.0%
4PM 16:00 to 16:59: 8.0%
5PM 17:00 to 17:59: 5.7%
6PM 18:00 to 18:59: 5.7%
7PM 19:00 to 19:59: 5.2%
8PM 20:00 to 20:59: 7.1%
9PM 21:00 to 21:59: 3.3%
10PM 22:00 to 22:59: 5.7%
11PM 23:00 to 23:59: 3.8%

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 Grande Prairie Ranks in Alberta for Mortgage Business

The following table lists how Grande Prairie 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
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%
8ST ALBERT, AB 0.311%
9AIRDRIE, AB 0.296%
10MEDICINE HAT, AB 0.289%
11OKOTOKS, AB 0.265%
12SPRUCE GROVE, AB 0.228%

Types of Mortgage Inquiries Received from Grande Prairie


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 23.6%
First-time Home Buyer: 18.4%
New Home Purchase: 15.1%
No Money Down Mortgage (discontinued): 14.2%
Refinance / Debt Consolidation: 14.2%
Mortgage Renewal: 6.6%
Other: 8.1%
 
Total Application Types Found: 14

Age Demographics for Grande Prairie Mortgages

Average age: 35
Oldest age: 74
Youngest age: 19


Incomes for Grande Prairie Mortgages

The amounts shown below represent the average income of applicants living in Grande Prairie who have submitted a mortgage inquiry using Mortgage Super Brokers' pre-approval application.

Average annual gross income for
mortgage applicants in Grande Prairie: $71,109.72
applicants within all of Canada: $60,852.54
Difference: $10,257.18
  
mortgage co-applicants in Grande Prairie: $51,023.75
co-applicants within all of Canada: $43,965.51
Difference: $7,058.24

Note: Commercial loan amounts were not included for this report, only residential mortgage loans were used.


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

Mortgage Product Type Inquiries
Mortgage Pre-approval23.58%
First-time Home Buyer18.40%
New Purchase15.09%
No Money Down discontinued14.15%
Refinance/Consolidate Debt14.15%
Mortgage Renewal6.60%
Other8.02%
 
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Amazing Mortgage Calculator