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Prince Albert Mortgage Information

Average Mortgage Loan in Prince Albert: $136,664

Busy Months for Online Mortgages within Prince Albert

This bar graph depicts the volumes of online applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Prince Albert happen to occur during our second quarter (represented by the green bars) with 29.82% while our slowest is the fourth quarter (represented by the red bars) with 20.18%.

Busy Months Report for Prince Albert Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 June: 14.0%
2 March: 11.4%
3 July: 9.7%
4 November: 8.8%
5 February: 8.8%
6 September: 8.8%
RankMonth Percentage of Applications
7 May: 7.9%
8 April: 7.9%
9 August: 7.0%
10 October: 6.1%
11 December: 5.3%
12 January: 4.4%

Busy Days for Mortgages Received within Prince Albert

The bar graph below displays the busy days for online applications that were received by Super Brokers' web site. A combined total of all occurrences of each day are represented for the past 5 years. In Prince Albert the busiest day of the week, with 21.05% of all submissions, is Friday. In comparison, Saturday's are the slowest day with only 6.14% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Friday: 21.1%
2 Wednesday: 19.3%
3 Monday: 16.7%
4 Tuesday: 12.3%
5 Thursday: 12.3%
6 Sunday: 12.3%
7 Saturday: 6.1%
Busy Days Report for Prince Albert Mortgages

Peak Hours for Mortgage Applicants within Prince Albert

In Prince Albert, mortgage applications are received 24 hours a day via our web site. The time periods below indicates the busy hours in the day. The data is taken from all days of all years. Only 27.2% of all mortgages are received before noon, while 64.0% arrive in the afternoon.


Peak Hours Graph for Mortgages in Prince Albert
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 2.6%
1AM 01:00 to 01:59: 3.5%
2AM 02:00 to 02:59: 2.6%
3AM 03:00 to 03:59: 0.9%
4AM 04:00 to 04:59: 0.9%
5AM 05:00 to 05:59: 0%
6AM 06:00 to 06:59: 0.9%
7AM 07:00 to 07:59: 2.6%
8AM 08:00 to 08:59: 3.5%
9AM 09:00 to 09:59: 6.1%
10AM 10:00 to 10:59: 8.8%
11AM 11:00 to 11:59: 3.5%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 5.3%
1PM 13:00 to 13:59: 7.0%
2PM 14:00 to 14:59: 5.3%
3PM 15:00 to 15:59: 9.6%
4PM 16:00 to 16:59: 6.1%
5PM 17:00 to 17:59: 2.6%
6PM 18:00 to 18:59: 4.4%
7PM 19:00 to 19:59: 4.4%
8PM 20:00 to 20:59: 7.9%
9PM 21:00 to 21:59: 7.9%
10PM 22:00 to 22:59: 1.8%
11PM 23:00 to 23:59: 1.8%

Saskatchewan 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 Prince Albert Ranks in Saskatchewan for Mortgage Business

The following table lists how Prince Albert 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
1REGINA, SK 1.718%
2SASKATOON, SK 0.749%
3MOOSE JAW, SK 0.266%
4PRINCE ALBERT, SK 0.197%
5LLOYDMINSTER, SK 0.135%
6ESTEVAN, SK 0.092%
7YORKTON, SK 0.086%
8NORTH BATTLEFORD, SK 0.080%
9WEYBURN, SK 0.080%

Types of Mortgage Inquiries Received from Prince Albert


Type of Mortgage Application Form Selected  Percentage
of Inquiries
First-time Home Buyer: 24.6%
Mortgage Pre-approval: 22.8%
No Money Down Mortgage (discontinued): 15.8%
New Home Purchase: 13.2%
Refinance / Debt Consolidation: 8.8%
Pre-approval: 4.4%
Mortgage Renewal: 4.4%
Other: 6.2%
 
Total Application Types Found: 11

Age Demographics for Prince Albert Mortgage Applicants

Average age: 35
Oldest age: 62
Youngest age: 19


Incomes for Prince Albert Mortgage Applicants

The following depicts the average income of Canadians living in Prince Albert who have submitted a mortgage inquiry using Mortgage Super Brokers' pre-approval application.

Average annual gross income for
mortgage applicants in Prince Albert: $46,280.28
applicants within all of Canada: $60,852.54
Difference: ($14,572.27)
  
mortgage co-applicants in Prince Albert: $40,018.11
co-applicants within all of Canada: $43,965.51
Difference: ($3,947.40)

Note: Commercial Mortgages were not included for this section, only residential loans amounts were used.


Last mortgage report update for Prince Albert: Friday, July 1, 2016
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Saskatchewan
 
Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Yorkton.

Mortgage Product Type Inquiries
Mortgage Pre-approval24.00%
First-time Home Buyer22.00%
New Purchase16.00%
Refinance/Consolidate Debt12.00%
No Money Down discontinued10.00%
Commercial Financing6.00%
Other10%