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Canmore Mortgage Information

Average Mortgage Loan in Canmore: $283,306

Busy Months for Applications within Canmore

The bar graph below displays the volumes of applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Canmore mostly occur during our second quarter (represented by the green bars) with 30.36% while our slowest is the fourth quarter (represented by the red bars) with 16.07%.

Busy Months Report for Canmore Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 May: 12.5%
2 February: 10.7%
3 July: 10.7%
4 October: 10.7%
5 September: 10.7%
6 April: 8.9%
RankMonth Percentage of Applications
7 June: 8.9%
8 January: 7.1%
9 August: 7.1%
10 March: 7.1%
11 November: 3.6%
12 December: 1.8%

Busy Days for Applications within Canmore

The graph below shows the busy days for online mortgage applications that were received by our web site. A combined total of all occurrences of each day are represented for the past 5 years. In Canmore the busiest day, with 26.79% of all submissions, is Monday. In comparison, Saturday's are the slowest day with only 7.14% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 26.8%
2 Tuesday: 19.6%
3 Thursday: 14.3%
4 Wednesday: 12.5%
5 Friday: 10.7%
6 Sunday: 8.9%
7 Saturday: 7.1%
Busy Days Report for Canmore Mortgages

Peak Hours for Originated Mortgages within Canmore

Applications are received 24 hours a day on our web site. The graph shown below indicates the busy hours within a 24-hour period. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Canmore
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 3.6%
1AM 01:00 to 01:59: 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%
7AM 07:00 to 07:59: 3.6%
8AM 08:00 to 08:59: 0%
9AM 09:00 to 09:59: 7.1%
10AM 10:00 to 10:59: 3.6%
11AM 11:00 to 11:59: 7.1%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 8.9%
1PM 13:00 to 13:59: 8.9%
2PM 14:00 to 14:59: 14.3%
3PM 15:00 to 15:59: 10.7%
4PM 16:00 to 16:59: 3.6%
5PM 17:00 to 17:59: 1.8%
6PM 18:00 to 18:59: 8.9%
7PM 19:00 to 19:59: 5.4%
8PM 20:00 to 20:59: 1.8%
9PM 21:00 to 21:59: 0%
10PM 22:00 to 22:59: 5.4%
11PM 23:00 to 23:59: 5.4%

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 Canmore Ranks in Alberta for Mortgage Business

The following table lists how Canmore 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
22WETASKIWIN, AB 0.104%
23STRATHMORE, AB 0.100%
24HIGH RIVER, AB 0.100%
25COCHRANE, AB 0.099%
26SYLVAN LAKE, AB 0.099%
27CANMORE, AB 0.097%
28CAMROSE, AB 0.088%
29LACOMBE, AB 0.080%
30CHESTERMERE, AB 0.078%
31HINTON, AB 0.076%
32DRAYTON VALLEY, AB 0.076%

Types of Mortgage Inquiries Received from Canmore


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 30.4%
First-time Home Buyer: 17.9%
New Home Purchase: 16.1%
Mortgage Renewal: 12.5%
No Money Down Mortgage (discontinued): 8.9%
Other: 14.4%
 
Total Application Types Found: 11

Age Demographics for Canmore Mortgage Applicants

Average age: 38
Oldest age: 59
Youngest age: 23


Incomes for Canmore Mortgage Applicants

The following figures show the average income of Canadians living in Canmore who have submitted an inquiry using the Super Brokers' mortgage application.

Average annual gross income for
mortgage applicants in Canmore: $71,628.47
applicants within all of Canada: $60,852.54
Difference: $10,775.93
  
mortgage co-applicants in Canmore: $45,808.95
co-applicants within all of Canada: $43,965.51
Difference: $1,843.44

Note: Commercial loan amounts were not included for this section, only home loans from Canmore, Alberta were used.


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