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Whitecourt Mortgage Information

Average Mortgage Loan in Whitecourt: $182,614

Busy Months for Mortgages Originating within Whitecourt

The graph below represents the volumes of Internet applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Whitecourt mostly occur during our third quarter (represented by the blue bars) with 32.56% while our slowest is the fourth quarter (represented by the red bars) with 13.95%.

Busy Months Report for Whitecourt Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 May: 12.8%
2 September: 12.8%
3 April: 11.6%
4 August: 11.6%
5 March: 9.3%
6 February: 8.1%
RankMonth Percentage of Applications
7 July: 8.1%
8 January: 5.8%
9 June: 5.8%
10 October: 5.8%
11 December: 4.7%
12 November: 3.5%

Busy Days for Mortgages Received within Whitecourt

The bar graph listed below illustrates the busy days for Internet applications that were received by the Super Brokers web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In Whitecourt the busiest day, with 19.77% of all submissions, is Monday. In comparison, Saturday's are the slowest day with only 10.47% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 19.8%
2 Sunday: 18.6%
3 Wednesday: 16.3%
4 Friday: 13.9%
5 Tuesday: 10.5%
6 Thursday: 10.5%
7 Saturday: 10.5%
Busy Days Report for Whitecourt Mortgages

Peak Hours for Mortgage Applicants within Whitecourt

In Whitecourt, mortgages are received 24 hours a day on the Super Brokers' web site. The report shown below indicates the busy hours over a 24-hour period. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Whitecourt
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 0%
1AM 01:00 to 01:59: 0%
2AM 02:00 to 02:59: 1.2%
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: 2.3%
7AM 07:00 to 07:59: 0%
8AM 08:00 to 08:59: 3.5%
9AM 09:00 to 09:59: 4.7%
10AM 10:00 to 10:59: 8.1%
11AM 11:00 to 11:59: 10.5%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 5.8%
1PM 13:00 to 13:59: 7.0%
2PM 14:00 to 14:59: 5.8%
3PM 15:00 to 15:59: 11.6%
4PM 16:00 to 16:59: 7.0%
5PM 17:00 to 17:59: 2.3%
6PM 18:00 to 18:59: 7.0%
7PM 19:00 to 19:59: 8.1%
8PM 20:00 to 20:59: 5.8%
9PM 21:00 to 21:59: 7.0%
10PM 22:00 to 22:59: 1.2%
11PM 23:00 to 23:59: 1.2%

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 Whitecourt Ranks in Alberta for Mortgage Business

The following table lists how Whitecourt 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
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%
18LEDUC, AB 0.118%
19EDSON, AB 0.116%
20FORT SASKATCHEWAN, AB 0.109%

Types of Mortgage Inquiries Received from Whitecourt


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 22.1%
New Home Purchase: 22.1%
No Money Down Mortgage (discontinued): 16.3%
First-time Home Buyer: 14.0%
Refinance / Debt Consolidation: 10.5%
Mortgage Renewal: 8.1%
Other: 7.1%
 
Total Application Types Found: 11

Age Demographics for Whitecourt Based Mortgages

Average age: 35
Oldest age: 56
Youngest age: 23


Incomes for Whitecourt Based Mortgages

The amounts below are the average income of people living in Whitecourt who have applied for a mortgage loan using the pre-approval application on Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Whitecourt: $71,833.04
applicants within all of Canada: $60,852.54
Difference: $10,980.50
  
mortgage co-applicants in Whitecourt: $37,417.65
co-applicants within all of Canada: $43,965.51
Difference: ($6,547.86)

Note: Commercial loans were not included for this report, only residential mortgages from Whitecourt, Alberta were used.


Last mortgage report update for Whitecourt: Friday, July 1, 2016
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