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Okotoks Mortgage Information
Average Mortgage Loan in Okotoks: $246,532The graph below displays the volumes of mortgage applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Okotoks usually occur during our second quarter (represented by the green bars) with 39.22% while our slowest is the fourth quarter (represented by the red bars) with 13.73%.
Rankings for Busy Mortgage Months
| Rank | Month | | Percentage of Applications |
|---|
| 1 | May: | | 13.7% |
| 2 | April: | | 13.7% |
| 3 | February: | | 11.8% |
| 4 | June: | | 11.8% |
| 5 | March: | | 9.8% |
| 6 | July: | | 8.5% |
| Rank | Month | | Percentage of Applications |
|---|
| 7 | January: | | 7.8% |
| 8 | October: | | 7.2% |
| 9 | August: | | 4.6% |
| 10 | September: | | 4.6% |
| 11 | December: | | 3.9% |
| 12 | November: | | 2.6% |
The graph below shows the busy days for mortgage inquiries that were received by Super Brokers. Each day represents a combined total of all occurrences of that day in the past 5 years. In Okotoks the busiest day, with approximately 21.57% of all applications, is Thursday. In comparison, Sunday's are the slowest day with only 5.23% of all inquiries.
| Rank | Day of the Week | Percentage of Applications |
|---|
| 1 | Thursday: | 21.6% |
| 2 | Tuesday: | 18.3% |
| 3 | Monday: | 17.0% |
| 4 | Wednesday: | 16.3% |
| 5 | Friday: | 13.1% |
| 6 | Saturday: | 8.5% |
| 7 | Sunday: | 5.2% |
In Okotoks, mortgage applications are received 24 hours a day on our web site. The time periods below indicates the busy hours over a 24-hour period. The data is taken from all days of all years.
| Time | Period (24 Hour) | Percentage
of Applications |
|---|
| 12AM | 00:00 to 00:59: | 2.6%
|
| 1AM | 01:00 to 01:59: | 0%
|
| 2AM | 02:00 to 02:59: | 0%
|
| 3AM | 03:00 to 03:59: | 1.3%
|
| 4AM | 04:00 to 04:59: | 0%
|
| 5AM | 05:00 to 05:59: | 0%
|
| 6AM | 06:00 to 06:59: | 0.7%
|
| 7AM | 07:00 to 07:59: | 2.6%
|
| 8AM | 08:00 to 08:59: | 2.0%
|
| 9AM | 09:00 to 09:59: | 13.1%
|
| 10AM | 10:00 to 10:59: | 6.5%
|
| 11AM | 11:00 to 11:59: | 5.9%
|
| Time | Period (24 Hour) | Percentage
of Applications |
|---|
| Lunch | 12:00 to 12:59: | 11.8%
|
| 1PM | 13:00 to 13:59: | 5.9%
|
| 2PM | 14:00 to 14:59: | 7.8%
|
| 3PM | 15:00 to 15:59: | 5.9%
|
| 4PM | 16:00 to 16:59: | 4.6%
|
| 5PM | 17:00 to 17:59: | 4.6%
|
| 6PM | 18:00 to 18:59: | 2.6%
|
| 7PM | 19:00 to 19:59: | 6.5%
|
| 8PM | 20:00 to 20:59: | 5.9%
|
| 9PM | 21:00 to 21:59: | 5.2%
|
| 10PM | 22:00 to 22:59: | 1.3%
|
| 11PM | 23:00 to 23:59: | 3.3%
|
The following table lists how Okotoks 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.
| Rank | Location | Contribution |
|---|
| 6 | SHERWOOD PARK, AB | 0.380% |
| 7 | GRANDE PRAIRIE, AB | 0.367% |
| 8 | ST ALBERT, AB | 0.311% |
| 9 | AIRDRIE, AB | 0.296% |
| 10 | MEDICINE HAT, AB | 0.289% |
| 11 | OKOTOKS, AB | 0.265% |
| 12 | SPRUCE GROVE, AB | 0.228% |
| 13 | BROOKS, AB | 0.197% |
| 14 | COLD LAKE, AB | 0.192% |
| 15 | WHITECOURT, AB | 0.149% |
| 16 | STONY PLAIN, AB | 0.140% |
| Type of Mortgage Application Form Selected | | Percentage
of Inquiries |
|---|
| Refinance / Debt Consolidation: | | 20.3% |
| New Home Purchase: | | 18.3% |
| Mortgage Pre-approval: | | 16.3% |
| Pre-approval: | | 13.1% |
| First-time Home Buyer: | | 7.8% |
| Mortgage Renewal: | | 7.2% |
| Commercial: | | 5.9% |
| No Money Down Mortgage (discontinued): | | 4.6% |
| Other: | | 6.7% |
| |
| Total Application Types Found: 14 |
Average age: 36
Oldest age: 62
Youngest age: 20
The following figures show the average income of people living in Okotoks who have applied for a mortgage loan using the online application located at the Mortgage Super Brokers' web site.
| Average annual gross income for | |
|---|
| mortgage applicants in Okotoks: | $74,868.11 |
| applicants within all of Canada: | $60,852.54 |
| Difference: | $14,015.57 |
| | |
| mortgage co-applicants in Okotoks: | $48,990.61 |
| co-applicants within all of Canada: | $43,965.51 |
| Difference: | $5,025.10 |
Note: Commercial loan amounts were not included for this report, only residential mortgages were used.
Licensing Info: Alberta Mortgage #MW-0511205,
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