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Okotoks Mortgage Information

Average Mortgage Loan in Okotoks: $246,532

Busy Months for Online Applications within Okotoks

The graph below displays the volumes of mortgage applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Okotoks usually occur during our second quarter (represented by the green bars) with 39.22% while our slowest is the fourth quarter (represented by the red bars) with 13.73%.

Busy Months Report for Okotoks Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 May: 13.7%
2 April: 13.7%
3 February: 11.8%
4 June: 11.8%
5 March: 9.8%
6 July: 8.5%
RankMonth Percentage of Applications
7 January: 7.8%
8 October: 7.2%
9 August: 4.6%
10 September: 4.6%
11 December: 3.9%
12 November: 2.6%

Busy Days for Mortgage Inquiries within Okotoks

The graph below shows the busy days for mortgage inquiries that were received by Super Brokers. Each day represents a combined total of all occurrences of that day in the past 5 years. In Okotoks the busiest day, with approximately 21.57% of all applications, is Thursday. In comparison, Sunday's are the slowest day with only 5.23% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Thursday: 21.6%
2 Tuesday: 18.3%
3 Monday: 17.0%
4 Wednesday: 16.3%
5 Friday: 13.1%
6 Saturday: 8.5%
7 Sunday: 5.2%
Busy Days Report for Okotoks Mortgages

Peak Hours for Mortgage Applicants within Okotoks

In Okotoks, mortgage applications are received 24 hours a day on our web site. The time periods below indicates the busy hours over a 24-hour period. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Okotoks
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 2.6%
1AM 01:00 to 01:59: 0%
2AM 02:00 to 02:59: 0%
3AM 03:00 to 03:59: 1.3%
4AM 04:00 to 04:59: 0%
5AM 05:00 to 05:59: 0%
6AM 06:00 to 06:59: 0.7%
7AM 07:00 to 07:59: 2.6%
8AM 08:00 to 08:59: 2.0%
9AM 09:00 to 09:59: 13.1%
10AM 10:00 to 10:59: 6.5%
11AM 11:00 to 11:59: 5.9%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 11.8%
1PM 13:00 to 13:59: 5.9%
2PM 14:00 to 14:59: 7.8%
3PM 15:00 to 15:59: 5.9%
4PM 16:00 to 16:59: 4.6%
5PM 17:00 to 17:59: 4.6%
6PM 18:00 to 18:59: 2.6%
7PM 19:00 to 19:59: 6.5%
8PM 20:00 to 20:59: 5.9%
9PM 21:00 to 21:59: 5.2%
10PM 22:00 to 22:59: 1.3%
11PM 23:00 to 23:59: 3.3%

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 Okotoks Ranks in Alberta for Mortgage Business

The following table lists how Okotoks 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
6SHERWOOD PARK, AB 0.380%
7GRANDE PRAIRIE, AB 0.367%
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%

Types of Mortgage Inquiries Received from Okotoks


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Refinance / Debt Consolidation: 20.3%
New Home Purchase: 18.3%
Mortgage Pre-approval: 16.3%
Pre-approval: 13.1%
First-time Home Buyer: 7.8%
Mortgage Renewal: 7.2%
Commercial: 5.9%
No Money Down Mortgage (discontinued): 4.6%
Other: 6.7%
 
Total Application Types Found: 14

Age Demographics for Okotoks Mortgage Applicants

Average age: 36
Oldest age: 62
Youngest age: 20


Incomes for Okotoks Mortgage Applicants

The following figures show the average income of people living in Okotoks who have applied for a mortgage loan using the online application located at the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Okotoks: $74,868.11
applicants within all of Canada: $60,852.54
Difference: $14,015.57
  
mortgage co-applicants in Okotoks: $48,990.61
co-applicants within all of Canada: $43,965.51
Difference: $5,025.10

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


Last mortgage report update for Okotoks: 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 High River.

Mortgage Product Type Inquiries
Mortgage Pre-approval22.41%
New Purchase17.24%
Refinance/Consolidate Debt17.24%
No Money Down discontinued15.52%
First-time Home Buyer10.34%
Mortgage Renewal6.90%
Other10.33%