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Spruce Grove Mortgage Information

Average Mortgage Loan in Spruce Grove: $237,568

Busy Months for Online Applications within Spruce Grove

The following displays the volumes of mortgage applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Spruce Grove usually occur during our first quarter (represented by the brown bars) with 31.06% while our slowest is the fourth quarter (represented by the red bars) with 21.21%.

Busy Months Report for Spruce Grove Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 January: 12.9%
2 March: 12.9%
3 December: 10.6%
4 May: 9.1%
5 July: 9.1%
6 August: 8.3%
RankMonth Percentage of Applications
7 June: 8.3%
8 April: 6.8%
9 October: 6.1%
10 September: 6.1%
11 February: 5.3%
12 November: 4.5%

Busy Days for Mortgages Originating within Spruce Grove

The graph listed below shows the busy days for Internet mortgage applications that were received by Super Brokers. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Spruce Grove the busiest day, with 21.97% of all inquiries, is Monday. In comparison, Saturday's are the slowest day with only 9.09% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 22.0%
2 Friday: 15.9%
3 Thursday: 15.2%
4 Tuesday: 12.9%
5 Sunday: 12.9%
6 Wednesday: 12.1%
7 Saturday: 9.1%
Busy Days Report for Spruce Grove Mortgages

Peak Hours for Based Mortgages within Spruce Grove

Mortgage applications are received 24 hours a day from the Mortgage Super Brokers web site. The following indicates the peak hours within a 24-hour period. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Spruce Grove
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 1.5%
1AM 01:00 to 01:59: 3.0%
2AM 02:00 to 02:59: 0%
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: 0.8%
7AM 07:00 to 07:59: 0.8%
8AM 08:00 to 08:59: 3.8%
9AM 09:00 to 09:59: 6.8%
10AM 10:00 to 10:59: 3.8%
11AM 11:00 to 11:59: 8.3%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 6.8%
1PM 13:00 to 13:59: 5.3%
2PM 14:00 to 14:59: 8.3%
3PM 15:00 to 15:59: 7.6%
4PM 16:00 to 16:59: 4.5%
5PM 17:00 to 17:59: 5.3%
6PM 18:00 to 18:59: 6.8%
7PM 19:00 to 19:59: 8.3%
8PM 20:00 to 20:59: 7.6%
9PM 21:00 to 21:59: 7.6%
10PM 22:00 to 22:59: 2.3%
11PM 23:00 to 23:59: 0.8%

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 Spruce Grove Ranks in Alberta for Mortgage Business

The following table lists how Spruce Grove 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
7GRANDE PRAIRIE, AB 0.367%
8ST ALBERT, AB 0.311%
9AIRDRIE, AB 0.296%
10MEDICINE HAT, AB 0.289%
11OKOTOKS, AB 0.265%
12SPRUCE GROVE, AB 0.228%
13BROOKS, AB 0.197%
14COLD LAKE, AB 0.192%
15WHITECOURT, AB 0.149%
16STONY PLAIN, AB 0.140%
17LLOYDMINSTER, AB 0.128%

Types of Mortgage Inquiries Received from Spruce Grove


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 25.8%
New Home Purchase: 19.7%
Refinance / Debt Consolidation: 13.6%
First-time Home Buyer: 10.6%
Mortgage Renewal: 9.8%
No Money Down Mortgage (discontinued): 5.3%
HELOC: 5.3%
Other: 10%
 
Total Application Types Found: 14

Age Demographics for Spruce Grove Mortgages

Average age: 37
Oldest age: 75
Youngest age: 19


Incomes for Spruce Grove Mortgages

The following figures show the average income of people living in Spruce Grove who have submitted an inquiry using the online application located at the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Spruce Grove: $76,363.58
applicants within all of Canada: $60,852.54
Difference: $15,511.04
  
mortgage co-applicants in Spruce Grove: $46,161.90
co-applicants within all of Canada: $43,965.51
Difference: $2,196.39

Note: Commercial Mortgage loans were not included for this section, only residential loans amounts from Spruce Grove, Alberta were used.


Last mortgage report update for Spruce Grove: 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 Whitecourt.

Mortgage Product Type Inquiries
Mortgage Pre-approval22.09%
New Purchase22.09%
No Money Down discontinued16.28%
First-time Home Buyer13.95%
Refinance/Consolidate Debt10.47%
Mortgage Renewal8.14%
Other6.97%