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Drayton Valley Mortgage Information

Average Mortgage Loan in Drayton Valley: $184,523

Busy Days for Applications within Drayton Valley

The data below displays 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 Drayton Valley the busiest day of the week, with 25.00% of all inquiries, is Tuesday. In comparison, Friday's are the slowest day with only 4.55% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Tuesday: 25.0%
2 Thursday: 22.7%
3 Monday: 15.9%
4 Sunday: 13.6%
5 Wednesday: 9.1%
6 Saturday: 9.1%
7 Friday: 4.5%
Busy Days Report for Drayton Valley Mortgages

Peak Hours for Mortgage Applicants within Drayton Valley

Applications are received 24 hours a day on the Mortgage Super Brokers web site. The graph shown below indicates the peak hours in the day. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Drayton Valley
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: 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: 0%
8AM 08:00 to 08:59: 6.8%
9AM 09:00 to 09:59: 6.8%
10AM 10:00 to 10:59: 2.3%
11AM 11:00 to 11:59: 4.5%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 9.1%
1PM 13:00 to 13:59: 2.3%
2PM 14:00 to 14:59: 6.8%
3PM 15:00 to 15:59: 4.5%
4PM 16:00 to 16:59: 9.1%
5PM 17:00 to 17:59: 2.3%
6PM 18:00 to 18:59: 11.4%
7PM 19:00 to 19:59: 13.6%
8PM 20:00 to 20:59: 11.4%
9PM 21:00 to 21:59: 4.5%
10PM 22:00 to 22:59: 0%
11PM 23:00 to 23:59: 4.5%

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 Drayton Valley Ranks in Alberta for Mortgage Business

The following table lists how Drayton Valley 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
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%
33INNISFAIL, AB 0.074%
34BEAUMONT, AB 0.073%
35ROCKY MOUNTAIN HOUSE, AB 0.073%
36SLAVE LAKE, AB 0.069%
37HIGH PRAIRIE, AB 0.066%

Types of Mortgage Inquiries Received from Drayton Valley


Type of Mortgage Application Form Selected  Percentage
of Inquiries
First-time Home Buyer: 29.5%
Mortgage Pre-approval: 25.0%
New Home Purchase: 18.2%
No Money Down Mortgage (discontinued): 13.6%
Second Mortgage: 4.5%
Refinance / Debt Consolidation: 4.5%
Other: 4.6%
 
Total Application Types Found: 8

Age Demographics for Drayton Valley Mortgage Applicants

Average age: 33
Oldest age: 49
Youngest age: 22


Incomes for Drayton Valley Mortgage Applicants

The numbers below represent the average income of Canadians living in Drayton Valley who have submitted an inquiry using the pre-approval application on the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Drayton Valley: $66,496.52
applicants within all of Canada: $60,852.54
Difference: $5,643.98
  
mortgage co-applicants in Drayton Valley: $54,386.31
co-applicants within all of Canada: $43,965.51
Difference: $10,420.80

Note: Commercial Mortgage loans were not included for this section, only residential mortgages from Drayton Valley, Alberta were used.


Last mortgage report update for Drayton Valley: 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 Olds.

Mortgage Product Type Inquiries
Refinance/Consolidate Debt24.19%
Mortgage Pre-approval17.74%
New Purchase17.74%
First-time Home Buyer16.13%
Mortgage Renewal8.06%
No Money Down discontinued4.84%
Other11.3%