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Morinville Mortgage Information

Average Mortgage Loan in Morinville: $285,186

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 Morinville Ranks in Alberta for Mortgage Business

The following table lists how Morinville 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
54GIBBONS, AB 0.038%
55HIGH LEVEL, AB 0.038%
57NANTON, AB 0.033%
59WESTLOCK, AB 0.033%
60LEGAL, AB 0.033%
61THREE HILLS, AB 0.033%
62RIMBEY, AB 0.031%
63LAC LA BICHE, AB 0.031%

Types of Mortgage Inquiries Received from Morinville

Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 42.1%
Refinance / Debt Consolidation: 15.8%
First-time Home Buyer: 15.8%
New Home Purchase: 10.5%
No Money Down Mortgage (discontinued): 10.5%
Mortgage Renewal: 5.3%
Total Application Types Found: 6

Age Demographics for Morinville Mortgage Applicants

Average age: 39
Oldest age: 76
Youngest age: 21

Incomes for Morinville Mortgage Applicants

The following depicts the average income of people living in Morinville who have submitted an inquiry using the pre-approval application on the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Morinville: $76,228.72
applicants within all of Canada: $60,852.54
Difference: $15,376.18
mortgage co-applicants in Morinville: $45,000.00
co-applicants within all of Canada: $43,965.51
Difference: $1,034.49

Note: Commercial loan amounts were not included for this section, only home loans from Morinville, Alberta were used.

Last mortgage report update for Morinville: 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 Sherwood Park.

Mortgage Product Type Inquiries
Mortgage Pre-approval19.55%
Refinance/Consolidate Debt18.64%
Mortgage Renewal15.91%
New Purchase13.64%
First-time Home Buyer13.18%
No Money Down discontinued6.36%