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Sylvan Lake Mortgage Information

Average Mortgage Loan in Sylvan Lake: $249,758

Busy Months for Mortgages Originating within Sylvan Lake

The following illustrates the volumes of Web applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Sylvan Lake happen to occur during our second quarter (represented by the green bars) with 36.84% while our slowest is the fourth quarter (represented by the red bars) with 10.53%.

Busy Months Report for Sylvan Lake Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 May: 17.5%
2 March: 17.5%
3 April: 12.3%
4 August: 12.3%
5 January: 8.8%
6 June: 7.0%
RankMonth Percentage of Applications
7 February: 5.3%
8 October: 5.3%
9 September: 5.3%
10 November: 3.5%
11 July: 3.5%
12 December: 1.8%

Busy Days for Mortgage Applications within Sylvan Lake

The information listed below plots the busy days for online mortgage applications that were received by Super Brokers' web site. Each day is a representation of the combined 6-year total of all instances of that day. In Sylvan Lake the most busy day of the week, with 24.56% of all inquiries, is Thursday. In comparison, Saturday's are the slowest day with only 7.02% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Thursday: 24.6%
2 Wednesday: 19.3%
3 Sunday: 14.0%
4 Monday: 12.3%
5 Tuesday: 12.3%
6 Friday: 10.5%
7 Saturday: 7.0%
Busy Days Report for Sylvan Lake Mortgages

Peak Hours for Mortgages within Sylvan Lake

In Sylvan Lake, mortgages are received 24 hours a day on the Super Brokers web site. The following 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 Sylvan Lake
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 1.8%
1AM 01:00 to 01:59: 0%
2AM 02:00 to 02:59: 1.8%
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: 3.5%
7AM 07:00 to 07:59: 3.5%
8AM 08:00 to 08:59: 5.3%
9AM 09:00 to 09:59: 3.5%
10AM 10:00 to 10:59: 3.5%
11AM 11:00 to 11:59: 5.3%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 12.3%
1PM 13:00 to 13:59: 8.8%
2PM 14:00 to 14:59: 1.8%
3PM 15:00 to 15:59: 8.8%
4PM 16:00 to 16:59: 5.3%
5PM 17:00 to 17:59: 1.8%
6PM 18:00 to 18:59: 5.3%
7PM 19:00 to 19:59: 3.5%
8PM 20:00 to 20:59: 3.5%
9PM 21:00 to 21:59: 7.0%
10PM 22:00 to 22:59: 7.0%
11PM 23:00 to 23:59: 7.0%

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 Sylvan Lake Ranks in Alberta for Mortgage Business

The following table lists how Sylvan 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
21OLDS, AB 0.107%
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%

Types of Mortgage Inquiries Received from Sylvan Lake


Type of Mortgage Application Form Selected  Percentage
of Inquiries
First-time Home Buyer: 31.6%
Mortgage Pre-approval: 17.5%
Refinance / Debt Consolidation: 15.8%
Mortgage Renewal: 14.0%
No Money Down Mortgage (discontinued): 7.0%
New Home Purchase: 7.0%
Other: 7.1%
 
Total Application Types Found: 9

Age Demographics for Sylvan Lake Mortgages

Average age: 34
Oldest age: 67
Youngest age: 21


Incomes for Sylvan Lake Mortgages

The amounts shown below represent the average income of applicants living in Sylvan Lake who have applied for a home loan using Mortgage Super Brokers' pre-approval application.

Average annual gross income for
mortgage applicants in Sylvan Lake: $70,253.38
applicants within all of Canada: $60,852.54
Difference: $9,400.83
  
mortgage co-applicants in Sylvan Lake: $55,419.05
co-applicants within all of Canada: $43,965.51
Difference: $11,453.54

Note: Commercial loan amounts were not included for this report, only residential loans from Sylvan Lake, Alberta were used.


Last mortgage report update for Sylvan Lake: Friday, July 1, 2016
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