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Sherwood Park Mortgage Information

Average Mortgage Loan in Sherwood Park: $234,112

Busy Months for Online Applications within Sherwood Park

This bar graph represents the volumes of Web applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Sherwood Park usually occur during our first quarter (represented by the brown bars) with 36.82% while our slowest is the fourth quarter (represented by the red bars) with 16.82%.

Busy Months Report for Sherwood Park Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 March: 15.4%
2 May: 13.2%
3 February: 12.7%
4 January: 8.6%
5 June: 8.6%
6 October: 6.8%
RankMonth Percentage of Applications
7 September: 6.8%
8 April: 6.4%
9 July: 5.9%
10 November: 5.5%
11 August: 5.5%
12 December: 4.5%

Busy Days for Mortgages Originating within Sherwood Park

The information listed below plots the busy days for Internet mortgage applications that were received by Super Brokers' web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In Sherwood Park the most busy day of the week, with 22.73% of all inquiries, is Monday. In comparison, Saturday's are the slowest day with only 4.09% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 22.7%
2 Thursday: 19.1%
3 Wednesday: 17.3%
4 Tuesday: 16.4%
5 Friday: 10.4%
6 Sunday: 10.0%
7 Saturday: 4.1%
Busy Days Report for Sherwood Park Mortgages

Peak Hours for Mortgages within Sherwood Park

Sherwood Park mortgage applications are received 24 hours a day on the Super Brokers web site. The report shown below represents the peak hours over a 24-hour period. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Sherwood Park
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 1.4%
1AM 01:00 to 01:59: 2.7%
2AM 02:00 to 02:59: 0.9%
3AM 03:00 to 03:59: 0%
4AM 04:00 to 04:59: 0%
5AM 05:00 to 05:59: 0%
6AM 06:00 to 06:59: 0.5%
7AM 07:00 to 07:59: 1.8%
8AM 08:00 to 08:59: 2.3%
9AM 09:00 to 09:59: 8.2%
10AM 10:00 to 10:59: 6.4%
11AM 11:00 to 11:59: 7.7%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 5.0%
1PM 13:00 to 13:59: 9.1%
2PM 14:00 to 14:59: 7.7%
3PM 15:00 to 15:59: 6.4%
4PM 16:00 to 16:59: 7.3%
5PM 17:00 to 17:59: 5.5%
6PM 18:00 to 18:59: 6.4%
7PM 19:00 to 19:59: 5.0%
8PM 20:00 to 20:59: 5.9%
9PM 21:00 to 21:59: 4.5%
10PM 22:00 to 22:59: 3.6%
11PM 23:00 to 23:59: 1.8%

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 Sherwood Park Ranks in Alberta for Mortgage Business

The following table lists how Sherwood Park 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%
11OKOTOKS, AB 0.265%

Types of Mortgage Inquiries Received from Sherwood Park


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 19.5%
Refinance / Debt Consolidation: 18.6%
Mortgage Renewal: 15.9%
New Home Purchase: 13.6%
First-time Home Buyer: 13.2%
No Money Down Mortgage (discontinued): 6.4%
Other: 13%
 
Total Application Types Found: 16

Age Demographics for Sherwood Park Based Mortgages

Average age: 40
Oldest age: 84
Youngest age: 21


Incomes for Sherwood Park Based Mortgages

The information below represents the average income of Canadians living in Sherwood Park 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 Sherwood Park: $74,466.63
applicants within all of Canada: $60,852.54
Difference: $13,614.09
  
mortgage co-applicants in Sherwood Park: $53,449.07
co-applicants within all of Canada: $43,965.51
Difference: $9,483.56

Note: Commercial loans were not included for this report, only home loans from Sherwood Park, Alberta were used.


Last mortgage report update for Sherwood Park: Friday, July 1, 2016
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