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High River Mortgage Information

Average Mortgage Loan in High River: $235,785

Busy Months for Mortgages Received within High River

This bar graph shows the volumes of Web applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from High River usually occur during our second quarter (represented by the green bars) with 39.66% while our slowest is the third quarter (represented by the blue bars) with 12.07%.

Busy Months Report for High River Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 April: 17.2%
2 June: 13.8%
3 March: 12.1%
4 February: 10.3%
5 November: 8.6%
6 May: 8.6%
RankMonth Percentage of Applications
7 January: 6.9%
8 August: 6.9%
9 October: 6.9%
10 December: 3.5%
11 July: 3.5%
12 September: 1.7%

Busy Days for Mortgages Originating within High River

The bar graph listed below compares 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 High River the busiest day of the week, with 20.69% of all submissions, is Monday. In comparison, Saturday's are the slowest day with only 6.90% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 20.7%
2 Thursday: 20.7%
3 Wednesday: 17.2%
4 Sunday: 15.5%
5 Tuesday: 12.1%
6 Friday: 6.9%
7 Saturday: 6.9%
Busy Days Report for High River Mortgages

Peak Hours for Mortgage Applicants within High River

High River mortgage applications are received 24 hours a day from the Mortgage Super Brokers web site. The time periods below indicates the rush hours in the day. The data is taken from all days of all years. Only 32.8% of all mortgages are received before noon, while 65.5% arrive in the afternoon.


Peak Hours Graph for Mortgages in High River
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 1.7%
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: 1.7%
6AM 06:00 to 06:59: 0%
7AM 07:00 to 07:59: 1.7%
8AM 08:00 to 08:59: 6.9%
9AM 09:00 to 09:59: 6.9%
10AM 10:00 to 10:59: 13.8%
11AM 11:00 to 11:59: 1.7%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 5.2%
1PM 13:00 to 13:59: 12.1%
2PM 14:00 to 14:59: 6.9%
3PM 15:00 to 15:59: 3.4%
4PM 16:00 to 16:59: 12.1%
5PM 17:00 to 17:59: 0%
6PM 18:00 to 18:59: 3.4%
7PM 19:00 to 19:59: 5.2%
8PM 20:00 to 20:59: 3.4%
9PM 21:00 to 21:59: 3.4%
10PM 22:00 to 22:59: 8.6%
11PM 23:00 to 23:59: 1.7%

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 High River Ranks in Alberta for Mortgage Business

The following table lists how High River 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
19EDSON, AB 0.116%
20FORT SASKATCHEWAN, AB 0.109%
21OLDS, AB 0.107%
22WETASKIWIN, AB 0.104%
23STRATHMORE, AB 0.100%
24HIGH RIVER, AB 0.100%
25COCHRANE, AB 0.099%
26SYLVAN LAKE, AB 0.099%
27CANMORE, AB 0.097%
28CAMROSE, AB 0.088%
29LACOMBE, AB 0.080%

Types of Mortgage Inquiries Received from High River


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 22.4%
New Home Purchase: 17.2%
Refinance / Debt Consolidation: 17.2%
No Money Down Mortgage (discontinued): 15.5%
First-time Home Buyer: 10.3%
Mortgage Renewal: 6.9%
Other: 10.2%
 
Total Application Types Found: 11

Age Demographics for High River Mortgages

Average age: 37
Oldest age: 65
Youngest age: 19


Incomes for High River Mortgages

The following figures show the average income of people living in High River who have submitted an inquiry using the Super Brokers' mortgage application.

Average annual gross income for
mortgage applicants in High River: $67,546.23
applicants within all of Canada: $60,852.54
Difference: $6,693.69
  
mortgage co-applicants in High River: $40,785.71
co-applicants within all of Canada: $43,965.51
Difference: ($3,179.80)

Note: Commercial Mortgage loans were not included for this section, only residential mortgages from High River, Alberta were used.


Last mortgage report update for High River: Friday, July 1, 2016
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