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Saskatchewan Mortgage #315872, and all other provinces.
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Rimbey Mortgage Information

Average Mortgage Loan in Rimbey: $211,187

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 Rimbey Ranks in Alberta for Mortgage Business

The following table lists how Rimbey 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
57NANTON, AB 0.033%
59WESTLOCK, AB 0.033%
60LEGAL, AB 0.033%
61THREE HILLS, AB 0.033%
62RIMBEY, AB 0.031%
63LAC LA BICHE, AB 0.031%
64LANGDON, AB 0.031%
65BANFF, AB 0.029%

Types of Mortgage Inquiries Received from Rimbey

Type of Mortgage Application Form Selected  Percentage
of Inquiries
Refinance / Debt Consolidation: 33.3%
Mortgage Pre-approval: 16.7%
No Money Down Mortgage (discontinued): 16.7%
New Home Purchase: 11.1%
Low Doc: 5.6%
First-time Home Buyer: 5.6%
Mortgage Renewal: 5.6%
Equity Mortgage: 5.6%
Total Application Types Found: 8

Age Demographics for Rimbey Based Mortgages

Average age: 36
Oldest age: 59
Youngest age: 20

Incomes for Rimbey Based Mortgages

The amounts shown below represent the average income of Canadians living in Rimbey who have applied for a mortgage loan using Mortgage Super Brokers' pre-approval application.

Average annual gross income for
mortgage applicants in Rimbey: $84,407.14
applicants within all of Canada: $60,852.54
Difference: $23,554.60
mortgage co-applicants in Rimbey: $41,650.00
co-applicants within all of Canada: $43,965.51
Difference: ($2,315.51)

Since the average income of Rimbey is much higher than our national average, we have included the MEDIAN annual gross income for this location. 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 Rimbey: $71,000.00
applicants within all of Canada: $60,852.54
Difference: $10,147.46

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

Last mortgage report update for Rimbey: Friday, July 1, 2016
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