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Slave Lake Mortgage Information

Average Mortgage Loan in Slave Lake: $173,029

Busy Days for Online Mortgages within Slave Lake

The information listed below shows the busy days for mortgage inquiries that were received by Super Brokers. A combined total of all occurrences of each day are represented for the past 5 years. In Slave Lake the busiest day, with approximately 25.00% of all inquiries, is Tuesday. In comparison, Saturday's are the slowest day with only 5.00% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Tuesday: 25.0%
2 Wednesday: 17.5%
3 Thursday: 17.5%
4 Friday: 15.0%
5 Sunday: 12.5%
6 Monday: 7.5%
7 Saturday: 5.0%
Busy Days Report for Slave Lake Mortgages

Peak Hours for Based Mortgages within Slave Lake

In Slave Lake, inquiries are received 24 hours a day from the Super Brokers web site. The time periods below indicates the peak hours within a 24-hour period. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Slave Lake
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 2.5%
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: 2.5%
9AM 09:00 to 09:59: 2.5%
10AM 10:00 to 10:59: 7.5%
11AM 11:00 to 11:59: 5.0%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 5.0%
1PM 13:00 to 13:59: 5.0%
2PM 14:00 to 14:59: 7.5%
3PM 15:00 to 15:59: 10.0%
4PM 16:00 to 16:59: 2.5%
5PM 17:00 to 17:59: 2.5%
6PM 18:00 to 18:59: 10.0%
7PM 19:00 to 19:59: 7.5%
8PM 20:00 to 20:59: 15.0%
9PM 21:00 to 21:59: 7.5%
10PM 22:00 to 22:59: 7.5%
11PM 23:00 to 23:59: 0%

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 Slave Lake Ranks in Alberta for Mortgage Business

The following table lists how Slave Lake 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
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%
38PEACE RIVER, AB 0.062%
39PONOKA, AB 0.057%
40BONNYVILLE, AB 0.054%
41DEVON, AB 0.054%

Types of Mortgage Inquiries Received from Slave Lake


Type of Mortgage Application Form Selected  Percentage
of Inquiries
New Home Purchase: 25.0%
First-time Home Buyer: 22.5%
Mortgage Pre-approval: 17.5%
No Money Down Mortgage (discontinued): 12.5%
Mortgage Renewal: 7.5%
Refinance / Debt Consolidation: 7.5%
Other: 7.5%
 
Total Application Types Found: 9

Age Demographics for Slave Lake Based Mortgages

Average age: 36
Oldest age: 55
Youngest age: 23


Incomes for Slave Lake Based Mortgages

The amounts shown below represent the average income of Canadians living in Slave Lake who have submitted a mortgage inquiry using the pre-approval application on the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Slave Lake: $52,412.06
applicants within all of Canada: $60,852.54
Difference: ($8,440.49)
  
mortgage co-applicants in Slave Lake: $35,531.29
co-applicants within all of Canada: $43,965.51
Difference: ($8,434.22)

Note: Commercial loan amounts were not included for this section, only residential mortgages were used.

Nearest Settlements


1Kinuso, Alberta


Last mortgage report update for Slave Lake: 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 Cochrane.

Mortgage Product Type Inquiries
Mortgage Pre-approval22.81%
Refinance/Consolidate Debt17.54%
First-time Home Buyer15.79%
No Money Down discontinued14.04%
New Purchase14.04%
Mortgage Renewal7.02%
Other8.75%