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Red Deer Mortgage Information

Average Mortgage Loan in Red Deer: $210,822

Busy Months for Online Mortgages within Red Deer

The 6-year bar graph below shows the volumes of online applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Red Deer usually occur during our second quarter (represented by the green bars) with 33.88% while our slowest is the fourth quarter (represented by the red bars) with 17.07%.

Busy Months Report for Red Deer Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 May: 12.7%
2 January: 11.9%
3 April: 10.8%
4 June: 10.3%
5 February: 9.8%
6 March: 8.9%
RankMonth Percentage of Applications
7 July: 7.9%
8 November: 7.0%
9 August: 6.0%
10 October: 6.0%
11 September: 4.6%
12 December: 4.1%

Busy Days for Applications within Red Deer

The data below illustrates the busy days for online applications that were received by the Super Brokers web site. A combined total of all occurrences of each day are represented for the past 5 years. In Red Deer, the day with the most volume, generating 17.62% of all applications, is Tuesday. In comparison, Saturday's are the slowest day with only 10.57% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Tuesday: 17.6%
2 Monday: 16.5%
3 Wednesday: 16.3%
4 Thursday: 14.1%
5 Sunday: 13.8%
6 Friday: 11.1%
7 Saturday: 10.6%
Busy Days Report for Red Deer Mortgages

Peak Hours for Mortgage Applicants within Red Deer

In Red Deer, applications are received 24 hours a day via the Mortgage Super Brokers web site. The report shown below represents the peak hours within a 24-hour period. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Red Deer
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 0.8%
1AM 01:00 to 01:59: 0.5%
2AM 02:00 to 02:59: 1.1%
3AM 03:00 to 03:59: 0.3%
4AM 04:00 to 04:59: 0.3%
5AM 05:00 to 05:59: 0%
6AM 06:00 to 06:59: 2.7%
7AM 07:00 to 07:59: 1.4%
8AM 08:00 to 08:59: 3.5%
9AM 09:00 to 09:59: 8.1%
10AM 10:00 to 10:59: 7.6%
11AM 11:00 to 11:59: 8.1%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 5.4%
1PM 13:00 to 13:59: 4.9%
2PM 14:00 to 14:59: 7.0%
3PM 15:00 to 15:59: 7.9%
4PM 16:00 to 16:59: 4.3%
5PM 17:00 to 17:59: 5.7%
6PM 18:00 to 18:59: 7.3%
7PM 19:00 to 19:59: 8.7%
8PM 20:00 to 20:59: 4.1%
9PM 21:00 to 21:59: 4.6%
10PM 22:00 to 22:59: 2.7%
11PM 23:00 to 23:59: 3.0%

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 Red Deer Ranks in Alberta for Mortgage Business

The following table lists how Red Deer 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%

Types of Mortgage Inquiries Received from Red Deer


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 23.0%
First-time Home Buyer: 19.5%
No Money Down Mortgage (discontinued): 16.5%
New Home Purchase: 14.1%
Refinance / Debt Consolidation: 10.8%
Mortgage Renewal: 6.8%
Other: 9.2%
 
Total Application Types Found: 15

Age Demographics for Red Deer Mortgage Applicants

Average age: 35
Oldest age: 70
Youngest age: 19


Incomes for Red Deer Mortgage Applicants

The figures below represent the average income of people living in Red Deer who have submitted a mortgage inquiry using Mortgage Super Brokers' online mortgage application.

Average annual gross income for
mortgage applicants in Red Deer: $61,542.34
applicants within all of Canada: $60,852.54
Difference: $689.80
  
mortgage co-applicants in Red Deer: $40,647.48
co-applicants within all of Canada: $43,965.51
Difference: ($3,318.03)

Note: Commercial loan amounts were not included for this survey, only residential mortgage loans from Red Deer, Alberta were used.


Last mortgage report update for Red Deer: Friday, July 1, 2016
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