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Brooks Mortgage Information

Average Mortgage Loan in Brooks: $170,491

Busy Months for Mortgages Originating within Brooks

The 6-year bar graph below shows the volumes of mortgage applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Brooks mostly occur during our second quarter (represented by the green bars) with 38.60% while our slowest is the fourth quarter (represented by the red bars) with 12.28%.

Busy Months Report for Brooks Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 May: 18.4%
2 January: 11.4%
3 April: 11.4%
4 February: 9.7%
5 March: 9.7%
6 September: 9.7%
RankMonth Percentage of Applications
7 June: 8.8%
8 July: 5.3%
9 November: 4.4%
10 October: 4.4%
11 December: 3.5%
12 August: 3.5%

Busy Days for Mortgages within Brooks

The information listed below shows the busy days for online inquiries that were received by Super Brokers. A combined total of all occurrences of each day are represented for the past 5 years. In Brooks the busiest day of the week, with 21.93% of all submissions, is Thursday. In comparison, Saturday's are the slowest day with only 8.77% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Thursday: 21.9%
2 Monday: 18.4%
3 Wednesday: 18.4%
4 Tuesday: 13.2%
5 Sunday: 10.5%
6 Friday: 8.8%
7 Saturday: 8.8%
Busy Days Report for Brooks Mortgages

Peak Hours for Applicants within Brooks

In Brooks, mortgages are received 24 hours a day from the Mortgage Super Brokers web site. The information shown below indicates the rush hours in the day. The data is taken from all days of all years. Only 21.9% of all mortgages are received during the morning, while 75.4% arrive in the afternoon.


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

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 Brooks Ranks in Alberta for Mortgage Business

The following table lists how Brooks 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
8ST ALBERT, AB 0.311%
9AIRDRIE, AB 0.296%
10MEDICINE HAT, AB 0.289%
11OKOTOKS, AB 0.265%
12SPRUCE GROVE, AB 0.228%
13BROOKS, AB 0.197%
14COLD LAKE, AB 0.192%
15WHITECOURT, AB 0.149%
16STONY PLAIN, AB 0.140%
17LLOYDMINSTER, AB 0.128%
18LEDUC, AB 0.118%

Types of Mortgage Inquiries Received from Brooks


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 21.1%
First-time Home Buyer: 20.2%
No Money Down Mortgage (discontinued): 18.4%
Refinance / Debt Consolidation: 17.5%
New Home Purchase: 11.4%
Other: 11.5%
 
Total Application Types Found: 13

Age Demographics for Brooks Mortgages

Average age: 34
Oldest age: 63
Youngest age: 20


Incomes for Brooks Mortgages

The numbers below represent the average income of applicants living in Brooks who have submitted an inquiry using Mortgage Super Brokers' pre-approval application.

Average annual gross income for
mortgage applicants in Brooks: $65,830.55
applicants within all of Canada: $60,852.54
Difference: $4,978.01
  
mortgage co-applicants in Brooks: $37,250.57
co-applicants within all of Canada: $43,965.51
Difference: ($6,714.95)

Note: Commercial Mortgage loans were not included for this report, only residential mortgage loan amounts from Brooks, Alberta were used.


Last mortgage report update for Brooks: 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 Camrose.

Mortgage Product Type Inquiries
New Purchase23.53%
First-time Home Buyer21.57%
No Money Down discontinued19.61%
Mortgage Pre-approval17.65%
Refinance/Consolidate Debt9.80%
Other7.84%