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Alberta Mortgage Information
Busy Months for Mortgages in Alberta
The bar graph below shows the volumes of Web applications received by Super Brokers in each month for all years combined. The busiest months for mortgages occur during our second quarter (represented by the green bars) with 30.29% while our slowest is the fourth quarter (represented by the red bars) with 17.41%.
Rankings for Busy Mortgage Months
| Rank | Month | Percentage of Applications | |
|---|---|---|---|
| 1 | May: | 10.6% | |
| 2 | January: | 10.5% | |
| 3 | April: | 10.1% | |
| 4 | March: | 10.1% | |
| 5 | June: | 9.6% | |
| 6 | February: | 9.0% |
| Rank | Month | Percentage of Applications | |
|---|---|---|---|
| 7 | July: | 8.2% | |
| 8 | August: | 7.5% | |
| 9 | September: | 7.0% | |
| 10 | October: | 6.9% | |
| 11 | November: | 5.8% | |
| 12 | December: | 4.7% |
Busy Days for Mortgages in Alberta
The graph below shows the busy days for Internet mortgage applications 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 Alberta the busiest day of the week, with 18.31% of all inquiries, is Monday. In comparison, Saturday's are the slowest day with only 8.50% of all inquiries.
| Rank | Day of the Week | Percentage of Applications |
|---|---|---|
| 1 | Monday: | 18.3% |
| 2 | Tuesday: | 18.3% |
| 3 | Wednesday: | 16.8% |
| 4 | Thursday: | 15.4% |
| 5 | Friday: | 12.3% |
| 6 | Sunday: | 10.5% |
| 7 | Saturday: | 8.5% |
Peak Hours for Alberta Mortgage Applications
Mortgage applications are received 24 hours a day via the Super Brokers' web site. The statistics shown below indicates the rush hours over a 24-hour period. The data is taken from all days of all years. Only 25.4% of all mortgages are received before noon, while 71.5% arrive in the afternoon.
| Time | Period (24 Hour) | Percentage of Applications |
|---|---|---|
| 12AM | 00:00 to 00:59: | 1.6% |
| 1AM | 01:00 to 01:59: | 1.0% |
| 2AM | 02:00 to 02:59: | 0.5% |
| 3AM | 03:00 to 03:59: | 0.3% |
| 4AM | 04:00 to 04:59: | 0.3% |
| 5AM | 05:00 to 05:59: | 0.5% |
| 6AM | 06:00 to 06:59: | 0.6% |
| 7AM | 07:00 to 07:59: | 1.6% |
| 8AM | 08:00 to 08:59: | 3.0% |
| 9AM | 09:00 to 09:59: | 5.3% |
| 10AM | 10:00 to 10:59: | 6.5% |
| 11AM | 11:00 to 11:59: | 7.3% |
| Time | Period (24 Hour) | Percentage of Applications |
|---|---|---|
| Lunch | 12:00 to 12:59: | 7.4% |
| 1PM | 13:00 to 13:59: | 7.4% |
| 2PM | 14:00 to 14:59: | 7.6% |
| 3PM | 15:00 to 15:59: | 7.7% |
| 4PM | 16:00 to 16:59: | 6.2% |
| 5PM | 17:00 to 17:59: | 5.0% |
| 6PM | 18:00 to 18:59: | 5.3% |
| 7PM | 19:00 to 19:59: | 5.6% |
| 8PM | 20:00 to 20:59: | 5.9% |
| 9PM | 21:00 to 21:59: | 5.5% |
| 10PM | 22:00 to 22:59: | 4.8% |
| 11PM | 23:00 to 23:59: | 3.1% |
Alberta Mortgage Originations Compared to all other Provinces and Territories
| Online Mortgage Origination for the Province or Territory of | Percentage in Comparison |
|---|---|
| Alberta: | 100.0% |
| British Columbia: | 49.3% |
| Manitoba: | 9.5% |
| New Brunswick: | 12.0% |
| Newfoundland and Labrador: | 6.2% |
| Nova Scotia: | 15.6% |
| Northwest Territories: | 2.3% |
| Nunavut: | 0.5% |
| Ontario: | 224.5% |
| Prince Edward Island: | 2.4% |
| Quebec: | 18.7% |
| Saskatchewan: | 23.9% |
| Yukon: | 2.2% |
Top Producing Cities / Towns for Mortgages in Alberta
| Rank | City or Town within Alberta | Percentage of Inquiries | Avg Age | Average Income | Average Co-Income | Average Home Loan |
|---|---|---|---|---|---|---|
| 1 | CALGARY, AB | 32.264% | 37 | $69,753 | $49,577 | $249,926 |
| 2 | EDMONTON, AB | 20.705% | 36 | $61,267 | $44,898 | $226,166 |
| 3 | FORT MCMURRAY, AB | 3.060% | 35 | $101,297 | $65,134 | $349,795 |
| 4 | RED DEER, AB | 3.027% | 35 | $61,542 | $40,647 | $210,822 |
| 5 | LETHBRIDGE, AB | 1.993% | 38 | $54,578 | $33,299 | $199,709 |
| 6 | SHERWOOD PARK, AB | 1.805% | 40 | $74,466 | $53,449 | $234,112 |
| 7 | GRANDE PRAIRIE, AB | 1.739% | 35 | $71,109 | $51,023 | $201,275 |
| 8 | ST ALBERT, AB | 1.477% | 39 | $73,498 | $45,152 | $222,865 |
| 9 | AIRDRIE, AB | 1.403% | 38 | $69,327 | $48,611 | $240,783 |
| 10 | MEDICINE HAT, AB | 1.370% | 35 | $58,341 | $47,659 | $192,167 |
| 11 | OKOTOKS, AB | 1.255% | 36 | $74,868 | $48,990 | $246,532 |
| 12 | SPRUCE GROVE, AB | 1.083% | 37 | $76,363 | $46,161 | $237,568 |
| 13 | BROOKS, AB | 0.935% | 34 | $65,830 | $37,250 | $170,491 |
| 14 | COLD LAKE, AB | 0.911% | 33 | $61,439 | $43,051 | $242,983 |
| 15 | WHITECOURT, AB | 0.705% | 35 | $71,833 | $37,417 | $182,614 |
| 16 | STONY PLAIN, AB | 0.664% | 38 | $65,313 | $46,405 | $215,169 |
| 17 | LLOYDMINSTER, AB | 0.607% | 34 | $66,654 | $40,696 | $217,715 |
| 18 | LEDUC, AB | 0.558% | 37 | $76,656 | $54,541 | $221,541 |
| 19 | EDSON, AB | 0.550% | 35 | $70,492 | $36,826 | $203,527 |
| 20 | FORT SASKATCHEWAN, AB | 0.517% | 35 | $69,392 | $42,847 | $216,267 |
| 21 | OLDS, AB | 0.509% | 38 | $57,573 | $36,097 | $169,271 |
| 22 | WETASKIWIN, AB | 0.492% | 38 | $58,470 | $33,790 | $170,602 |
| 23 | STRATHMORE, AB | 0.476% | 36 | $61,724 | $39,333 | $206,557 |
| 24 | HIGH RIVER, AB | 0.476% | 37 | $67,546 | $40,785 | $235,785 |
| 25 | COCHRANE, AB | 0.468% | 38 | $74,012 | $52,214 | $229,220 |
| 26 | SYLVAN LAKE, AB | 0.468% | 34 | $70,253 | $55,419 | $249,758 |
| 27 | CANMORE, AB | 0.459% | 38 | $71,628 | $45,808 | $283,306 |
| 28 | CAMROSE, AB | 0.418% | 34 | $56,347 | $54,143 | $230,802 |
| 29 | LACOMBE, AB | 0.377% | 37 | $65,178 | $45,611 | $205,071 |
| 30 | CHESTERMERE, AB | 0.369% | 37 | $81,700 | $64,795 | $282,262 |
| 31 | HINTON, AB | 0.361% | 39 | $70,028 | $46,521 | $218,912 |
| 32 | DRAYTON VALLEY, AB | 0.361% | 33 | $66,496 | $54,386 | $184,523 |
| 33 | INNISFAIL, AB | 0.353% | 38 | $58,678 | $38,698 | $210,026 |
| 34 | BEAUMONT, AB | 0.345% | 39 | $72,301 | $36,428 | $226,869 |
| 35 | ROCKY MOUNTAIN HOUSE, AB | 0.345% | 36 | $60,312 | $57,756 | $211,667 |
| 36 | SLAVE LAKE, AB | 0.328% | 36 | $52,412 | $35,531 | $173,029 |
| 37 | HIGH PRAIRIE, AB | 0.312% | 36 | $65,219 | $61,481 | $171,943 |
| 38 | PEACE RIVER, AB | 0.295% | 38 | $75,497 | $45,369 | $211,359 |
| 39 | PONOKA, AB | 0.271% | 37 | $57,783 | $44,571 | $180,119 |
| 40 | BONNYVILLE, AB | 0.254% | 31 | $64,672 | $82,400 | $194,642 |
| 41 | DEVON, AB | 0.254% | 36 | $86,146 | $35,585 | $204,740 |
| 42 | BARRHEAD, AB | 0.254% | 33 | $61,564 | $39,487 | $192,418 |
| 43 | REDCLIFF, AB | 0.246% | 35 | $55,806 | $39,600 | $145,915 |
| 44 | ST PAUL, AB | 0.238% | 34 | $71,123 | $36,690 | $221,637 |
| 45 | WAINWRIGHT, AB | 0.230% | 34 | $54,865 | $67,714 | $169,808 |
| 46 | ATHABASCA, AB | 0.230% | 34 | $68,155 | $35,593 | $176,319 |
| 47 | DIDSBURY, AB | 0.221% | 42 | $67,062 | $41,362 | $199,469 |
| 48 | STETTLER, AB | 0.221% | 39 | $74,671 | $40,733 | $165,456 |
| 49 | DRUMHELLER, AB | 0.213% | 39 | $68,680 | $57,836 | $161,678 |
| 50 | ONOWAY, AB | 0.205% | 40 | $74,640 | $38,642 | $196,623 |
Types of Mortgage Inquiries Received from Alberta
| Type of Mortgage Application Form Selected | Percentage of Inquiries | |
|---|---|---|
| Mortgage Pre-approval: | 22.4% | |
| First-time Home Buyer: | 17.6% | |
| New Home Purchase: | 16.1% | |
| Refinance / Debt Consolidation: | 13.5% | |
| No Money Down Mortgage (discontinued): | 11.4% | |
| Mortgage Renewal: | 9.6% | |
| Other: | 9.5% | |
| Total Application Types Found: 23 | ||
Age Demographics for Alberta Mortgage Inquiries
Average age: 37
Oldest age: 89
Youngest age: 19
Incomes for Alberta Mortgage Inquiries
The following depicts the average income of Canadians living in Alberta who have submitted an inquiry using Mortgage Super Brokers' online mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Alberta: | $67,509.90 |
| applicants within all of Canada: | $60,852.54 |
| Difference: | $6,657.36 |
| mortgage co-applicants in Alberta: | $46,945.44 |
| co-applicants within all of Canada: | $43,965.51 |
| Difference: | $2,979.93 |
Note: Commercial loan amounts were not included for this section, only residential mortgage loans from Alberta were used.
Last mortgage report update for Alberta: Friday, July 1, 2016
- Alberta
- British Columbia
- Manitoba
- New Brunswick
- Newfoundland and Labrador
- Nova Scotia
- Ontario
- Prince Edward Island
- Quebec
- Saskatchewan
Provincial mortgage stats:
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