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Cochrane Mortgage Information

Average Mortgage Loan in Cochrane: $229,220

Busy Months for Mortgage Applications within Cochrane

The following bar graph depicts the volumes of Internet applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Cochrane usually 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 15.79%.

Busy Months Report for Cochrane Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 March: 14.0%
2 May: 12.3%
3 April: 12.3%
4 June: 12.3%
5 January: 10.5%
6 July: 10.5%
RankMonth Percentage of Applications
7 October: 8.8%
8 February: 7.0%
9 November: 5.3%
10 September: 5.3%
11 December: 1.8%
12 August: 0.9%

Busy Days for Online Mortgages within Cochrane

The bar graph below shows the busy days for Internet applications that were received by our web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Cochrane, the day with the most volume, generating 24.56% of all submissions, is Wednesday. In comparison, Saturday's are the slowest day with only 7.02% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Wednesday: 24.6%
2 Tuesday: 19.3%
3 Thursday: 15.8%
4 Monday: 14.0%
5 Sunday: 10.5%
6 Friday: 8.8%
7 Saturday: 7.0%
Busy Days Report for Cochrane Mortgages

Peak Hours for Mortgage Applicants within Cochrane

In Cochrane, applications are received 24 hours a day on our web site. The following represents the peak hours in the day. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Cochrane
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 0%
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: 7.0%
9AM 09:00 to 09:59: 5.3%
10AM 10:00 to 10:59: 10.5%
11AM 11:00 to 11:59: 10.5%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 10.5%
1PM 13:00 to 13:59: 5.3%
2PM 14:00 to 14:59: 10.5%
3PM 15:00 to 15:59: 8.8%
4PM 16:00 to 16:59: 7.0%
5PM 17:00 to 17:59: 7.0%
6PM 18:00 to 18:59: 1.8%
7PM 19:00 to 19:59: 0%
8PM 20:00 to 20:59: 3.5%
9PM 21:00 to 21:59: 3.5%
10PM 22:00 to 22:59: 3.5%
11PM 23:00 to 23:59: 5.3%

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 Cochrane Ranks in Alberta for Mortgage Business

The following table lists how Cochrane 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
20FORT SASKATCHEWAN, AB 0.109%
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%

Types of Mortgage Inquiries Received from Cochrane


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 22.8%
Refinance / Debt Consolidation: 17.5%
First-time Home Buyer: 15.8%
No Money Down Mortgage (discontinued): 14.0%
New Home Purchase: 14.0%
Mortgage Renewal: 7.0%
Other: 9%
 
Total Application Types Found: 11

Age Demographics for Cochrane Mortgage Applicants

Average age: 38
Oldest age: 61
Youngest age: 21


Incomes for Cochrane Mortgage Applicants

The following depicts the average income of Canadians living in Cochrane who have submitted an inquiry using Mortgage Super Brokers' online mortgage application.

Average annual gross income for
mortgage applicants in Cochrane: $74,012.88
applicants within all of Canada: $60,852.54
Difference: $13,160.34
  
mortgage co-applicants in Cochrane: $52,214.29
co-applicants within all of Canada: $43,965.51
Difference: $8,248.77

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


Last mortgage report update for Cochrane: Friday, July 1, 2016
Home Mortgage
 
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%
 
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