Canadian Maple Leaf Licensing Info: Alberta Mortgage #MW-0511205,
FSCO (Ontario) #10315,
Saskatchewan Mortgage #315872, and all other provinces.
 
Division of

The Mortgage Group®

Canada | BC | AB | SK | MB | ON | QC | NL | PE | NS | NB | YT | NU | NT

Olds Mortgage Information

Average Mortgage Loan in Olds: $169,271

Busy Months for Applications within Olds

The graph below illustrates the volumes of applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Olds seem to occur during our second quarter (represented by the green bars) with 33.87% while our slowest is the fourth quarter (represented by the red bars) with 14.52%.

Busy Months Report for Olds Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 March: 17.7%
2 May: 14.5%
3 July: 14.5%
4 June: 11.3%
5 April: 8.1%
6 December: 8.1%
RankMonth Percentage of Applications
7 February: 8.1%
8 January: 6.5%
9 August: 4.8%
10 October: 4.8%
11 November: 1.6%
12 September: 0.8%

Busy Days for Mortgage Inquiries within Olds

The information listed below displays the busy days for mortgage inquiries that were received by Super Brokers. A combined total of all occurrences of each day are represented for the past 5 years. In Olds, the day with the most volume, having more than 29.03% of all inquiries, is Monday. In comparison, Friday's are the slowest day with only 4.84% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 29.0%
2 Tuesday: 17.7%
3 Thursday: 16.1%
4 Saturday: 12.9%
5 Wednesday: 11.3%
6 Sunday: 8.1%
7 Friday: 4.8%
Busy Days Report for Olds Mortgages

Peak Hours for Mortgage Applicants within Olds

Olds mortgage applications are received 24 hours a day on the Mortgage Super Brokers web site. The time periods below represents the rush hours in the day. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Olds
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 0%
1AM 01:00 to 01:59: 1.6%
2AM 02:00 to 02:59: 1.6%
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: 1.6%
8AM 08:00 to 08:59: 0%
9AM 09:00 to 09:59: 6.5%
10AM 10:00 to 10:59: 1.6%
11AM 11:00 to 11:59: 9.7%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 3.2%
1PM 13:00 to 13:59: 11.3%
2PM 14:00 to 14:59: 12.9%
3PM 15:00 to 15:59: 11.3%
4PM 16:00 to 16:59: 8.1%
5PM 17:00 to 17:59: 1.6%
6PM 18:00 to 18:59: 4.8%
7PM 19:00 to 19:59: 4.8%
8PM 20:00 to 20:59: 6.5%
9PM 21:00 to 21:59: 8.1%
10PM 22:00 to 22:59: 1.6%
11PM 23:00 to 23:59: 3.2%

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 Olds Ranks in Alberta for Mortgage Business

The following table lists how Olds 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
16STONY PLAIN, AB 0.140%
17LLOYDMINSTER, AB 0.128%
18LEDUC, AB 0.118%
19EDSON, AB 0.116%
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%

Types of Mortgage Inquiries Received from Olds


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Refinance / Debt Consolidation: 24.2%
Mortgage Pre-approval: 17.7%
New Home Purchase: 17.7%
First-time Home Buyer: 16.1%
Mortgage Renewal: 8.1%
No Money Down Mortgage (discontinued): 4.8%
Other: 11.2%
 
Total Application Types Found: 10

Age Demographics for Olds Mortgage Applicants

Average age: 38
Oldest age: 71
Youngest age: 22


Incomes for Olds Mortgage Applicants

The amounts shown below represent the average income of applicants living in Olds who have submitted a mortgage inquiry using the pre-approval application on the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Olds: $57,573.95
applicants within all of Canada: $60,852.54
Difference: ($3,278.59)
  
mortgage co-applicants in Olds: $36,097.31
co-applicants within all of Canada: $43,965.51
Difference: ($7,868.20)

Note: Commercial loans were not included for this report, only home loans were used.


Last mortgage report update for Olds: Friday, July 1, 2016
Mortgage Calculator
 
Mortgage Rates
Competition keeps the banks on their toes. If the banks had it their way, mortgage brokers simply wouldn't exist, and they could keep their rates high. Don't let the banks rest on their laurels; apply today and get a great mortgage rate.
Mortgage Rates
 
Your New Mortgage Calculator
After listening to your many suggestions over the years, we've worked long and hard to make our new calculator more powerful and even easier to use than ever before. Try it today!
Try it New Calculator