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Lethbridge Mortgage Information

Average Mortgage Loan in Lethbridge: $199,709

Busy Months for Online Applications within Lethbridge

This bar graph shows the volumes of Internet applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Lethbridge seem to occur during our second quarter (represented by the green bars) with 34.16% while our slowest is the fourth quarter (represented by the red bars) with 14.81%.

Busy Months Report for Lethbridge Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 April: 12.8%
2 January: 11.5%
3 June: 11.1%
4 May: 10.3%
5 September: 8.6%
6 March: 8.2%
RankMonth Percentage of Applications
7 July: 7.8%
8 February: 7.4%
9 August: 7.4%
10 November: 5.3%
11 October: 5.3%
12 December: 4.1%

Busy Days for Mortgages Received within Lethbridge

The graph listed below plots the busy days for Internet mortgage applications that were received by Super Brokers. A combined total of all occurrences of each day are represented for the past 5 years. In Lethbridge, the day with the most volume, having more than 18.52% of all submissions, is Thursday. In comparison, Sunday's are the slowest day with only 8.23% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Thursday: 18.5%
2 Tuesday: 17.7%
3 Monday: 16.9%
4 Friday: 15.2%
5 Wednesday: 14.4%
6 Saturday: 9.1%
7 Sunday: 8.2%
Busy Days Report for Lethbridge Mortgages

Peak Hours for Based Mortgages within Lethbridge

Lethbridge mortgage applications are received 24 hours a day on our web site. The information shown below indicates the peak hours in the day. The data is taken from all days of all years. Only 25.9% of all mortgages are received during the morning, while 69.1% arrive in the afternoon.


Peak Hours Graph for Mortgages in Lethbridge
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 2.5%
1AM 01:00 to 01:59: 1.6%
2AM 02:00 to 02:59: 0.8%
3AM 03:00 to 03:59: 0.8%
4AM 04:00 to 04:59: 0.4%
5AM 05:00 to 05:59: 0%
6AM 06:00 to 06:59: 0%
7AM 07:00 to 07:59: 1.6%
8AM 08:00 to 08:59: 5.8%
9AM 09:00 to 09:59: 4.5%
10AM 10:00 to 10:59: 6.6%
11AM 11:00 to 11:59: 6.2%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 4.1%
1PM 13:00 to 13:59: 6.2%
2PM 14:00 to 14:59: 7.4%
3PM 15:00 to 15:59: 6.6%
4PM 16:00 to 16:59: 6.6%
5PM 17:00 to 17:59: 6.2%
6PM 18:00 to 18:59: 7.8%
7PM 19:00 to 19:59: 7.0%
8PM 20:00 to 20:59: 5.3%
9PM 21:00 to 21:59: 3.3%
10PM 22:00 to 22:59: 4.9%
11PM 23:00 to 23:59: 3.7%

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 Lethbridge Ranks in Alberta for Mortgage Business

The following table lists how Lethbridge 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%
8ST ALBERT, AB 0.311%
9AIRDRIE, AB 0.296%
10MEDICINE HAT, AB 0.289%

Types of Mortgage Inquiries Received from Lethbridge


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 22.2%
First-time Home Buyer: 19.3%
No Money Down Mortgage (discontinued): 14.4%
New Home Purchase: 13.6%
Refinance / Debt Consolidation: 12.3%
Mortgage Renewal: 8.6%
Other: 9.4%
 
Total Application Types Found: 15

Age Demographics for Lethbridge Mortgage Applicants

Average age: 38
Oldest age: 78
Youngest age: 19


Incomes for Lethbridge Mortgage Applicants

The following figures show the average income of Canadians living in Lethbridge who have applied for a home loan using the pre-approval application on Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Lethbridge: $54,578.37
applicants within all of Canada: $60,852.54
Difference: ($6,274.17)
  
mortgage co-applicants in Lethbridge: $33,299.47
co-applicants within all of Canada: $43,965.51
Difference: ($10,666.04)

Note: Commercial Mortgages were not included for this report, only residential loans amounts from Lethbridge, Alberta were used.


Last mortgage report update for Lethbridge: 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 Camrose.

Mortgage Product Type Inquiries
New Purchase23.53%
First-time Home Buyer21.57%
No Money Down discontinued19.61%
Mortgage Pre-approval17.65%
Refinance/Consolidate Debt9.80%
Other7.84%
 
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Alberta