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Bragg Creek Mortgage Information

Average Mortgage Loan in Bragg Creek: $387,125

How Bragg Creek Ranks in Alberta for Mortgage Business

The following table lists how Bragg Creek 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
98TOFIELD, AB 0.017%
99BRUDERHEIM, AB 0.017%
100LAMONT, AB 0.017%
101ALBERTA BEACH, AB 0.017%
102EVANSBURG, AB 0.017%
103BRAGG CREEK, AB 0.016%
104VIKING, AB 0.016%
105GLENDON, AB 0.016%
106REDWATER, AB 0.016%
107BLACKIE, AB 0.016%
108DELBURNE, AB 0.016%

Types of Mortgage Inquiries Received from Bragg Creek


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Renewal: 33.3%
Mortgage Pre-approval: 22.2%
No Money Down Mortgage (discontinued): 22.2%
New Home Purchase: 11.1%
Pre-approval: 11.1%
 
Total Application Types Found: 5

Age Demographics for Bragg Creek Mortgage Applicants

Average age: 45
Oldest age: 55
Youngest age: 35


Incomes for Bragg Creek Mortgage Applicants

The following figures show the average income of applicants living in Bragg Creek who have applied for a home loan using Mortgage Super Brokers' online mortgage application.

Average annual gross income for
mortgage applicants in Bragg Creek: $94,888.89
applicants within all of Canada: $60,852.54
Difference: $34,036.35
  
mortgage co-applicants in Bragg Creek: $78,160.00
co-applicants within all of Canada: $43,965.51
Difference: $34,194.49

Since the average income of Bragg Creek is notability higher than the national average, we have included the MEDIAN annual gross income for this town. A reason for such a high average is usually due to a high income that is just under our cut-off of acceptable incomes of <$500,000. In rare cases, some applicants may have entered an extra digit (ie. 400000 instead of 40000), which will also sway the averages in smaller areas. In such a case, we will correct the data accordingly.

Median annual gross income for
mortgage applicants in Bragg Creek: $72,000.00
applicants within all of Canada: $60,852.54
Difference: $11,147.46

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


Last mortgage report update for Bragg Creek: 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 Fort Saskatchewan.

Mortgage Product Type Inquiries
First-time Home Buyer20.63%
Refinance/Consolidate Debt20.63%
Mortgage Renewal15.87%
Mortgage Pre-approval12.70%
New Purchase9.52%
No Money Down discontinued7.94%
Other12.7%