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Spruce Grove Mortgage Information
Average Mortgage Loan in Spruce Grove: $237,568The 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%.
Rankings for Busy Mortgage Months
| Rank | Month | | Percentage 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% |
| Rank | Month | | 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% |
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% |
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.
| Time | Period (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%
|
| Time | Period (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%
|
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.
| Rank | Location | Contribution |
|---|
| 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% |
| 17 | LLOYDMINSTER, AB | 0.128% |
| 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 |
Average age: 37
Oldest age: 75
Youngest age: 19
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.
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