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St Albert Mortgage Information

Average Mortgage Loan in St Albert: $222,865

Busy Months for Mortgages Received within St Albert

The 6-year bar graph below illustrates the volumes of mortgage applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from St Albert happen to occur during our first quarter (represented by the brown bars) with 32.22% while our slowest is the fourth quarter (represented by the red bars) with 15.56%.

Busy Months Report for St Albert Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 January: 12.8%
2 April: 11.7%
3 February: 10.0%
4 June: 10.0%
5 May: 9.4%
6 March: 9.4%
RankMonth Percentage of Applications
7 August: 7.8%
8 October: 7.2%
9 July: 6.7%
10 September: 6.7%
11 November: 4.4%
12 December: 3.9%

Busy Days for Mortgage Inquiries within St Albert

The bar graph below illustrates the busy days for online inquiries that were received by our web site. Each day is a representation of the combined 6-year total of all instances of that day. In St Albert the busiest day, with approximately 21.67% of all inquiries, is Wednesday. In comparison, Thursday's are the slowest day with only 9.44% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Wednesday: 21.7%
2 Tuesday: 18.3%
3 Monday: 14.4%
4 Friday: 13.9%
5 Saturday: 11.7%
6 Sunday: 10.6%
7 Thursday: 9.4%
Busy Days Report for St Albert Mortgages

Peak Hours for Mortgage Applicants within St Albert

Mortgage applications are received 24 hours a day via our web site. The information shown below represents the peak hours within a 24-hour period. The data is taken from all days of all years. Only 26.1% of all mortgages are received during the morning, while 71.7% arrive in the afternoon.


Peak Hours Graph for Mortgages in St Albert
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 1.7%
1AM 01:00 to 01:59: 0.6%
2AM 02:00 to 02:59: 0%
3AM 03:00 to 03:59: 1.1%
4AM 04:00 to 04:59: 0%
5AM 05:00 to 05:59: 0.6%
6AM 06:00 to 06:59: 0.6%
7AM 07:00 to 07:59: 1.7%
8AM 08:00 to 08:59: 4.4%
9AM 09:00 to 09:59: 7.2%
10AM 10:00 to 10:59: 5.0%
11AM 11:00 to 11:59: 5.6%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 7.2%
1PM 13:00 to 13:59: 6.1%
2PM 14:00 to 14:59: 2.8%
3PM 15:00 to 15:59: 10.6%
4PM 16:00 to 16:59: 7.2%
5PM 17:00 to 17:59: 5.0%
6PM 18:00 to 18:59: 6.1%
7PM 19:00 to 19:59: 2.8%
8PM 20:00 to 20:59: 3.9%
9PM 21:00 to 21:59: 8.3%
10PM 22:00 to 22:59: 8.9%
11PM 23:00 to 23:59: 2.8%

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 St Albert Ranks in Alberta for Mortgage Business

The following table lists how St Albert 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
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%
12SPRUCE GROVE, AB 0.228%
13BROOKS, AB 0.197%

Types of Mortgage Inquiries Received from St Albert


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 20.6%
Mortgage Renewal: 17.2%
New Home Purchase: 13.9%
Refinance / Debt Consolidation: 13.3%
No Money Down Mortgage (discontinued): 12.2%
First-time Home Buyer: 12.2%
Other: 10.6%
 
Total Application Types Found: 13

Age Demographics for St Albert Based Mortgages

Average age: 39
Oldest age: 72
Youngest age: 21


Incomes for St Albert Based Mortgages

The information below represents the average income of people living in St Albert who have submitted an inquiry using the Super Brokers' mortgage application.

Average annual gross income for
mortgage applicants in St Albert: $73,498.47
applicants within all of Canada: $60,852.54
Difference: $12,645.93
  
mortgage co-applicants in St Albert: $45,152.29
co-applicants within all of Canada: $43,965.51
Difference: $1,186.78

Note: Commercial Mortgage loans were not included for this survey, only residential loans amounts from St Albert, Alberta were used.


Last mortgage report update for St Albert: Friday, July 1, 2016
Mortgage Calculator
 
Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Strathmore.

Mortgage Product Type Inquiries
Refinance/Consolidate Debt18.97%
New Purchase15.52%
No Money Down discontinued13.79%
Mortgage Pre-approval12.07%
First-time Home Buyer10.34%
Mortgage Renewal8.62%
Pre-approval6.90%
Equity Mortgage6.90%
Other6.89%
 
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Alberta