Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2010: | * 5.00% | * 0.00% |
| 2009: | 5.00% | 0.00% |
| 2008: | 30.00% | 0.01% |
| 2007: | 25.00% | 0.01% |
| 2006: | 10.00% | 0.00% |
| 2005: | 5.00% | 0.00% |
| 2004: | 20.00% | 0.01% |
In Inuvik, applications are received 24 hours a day on the CanEquity web site. The following indicates the peak hours in the day. The data is taken from all days of all years. Only 0.0% of all mortgages are received before noon, while 45.0% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 15.0% |
| 01:00 to 01:59: | 10.0% |
| 02:00 to 02:59: | 5.0% |
| 09:00 to 09:59: | 5.0% |
| 11:00 to 11:59: | 10.0% |
| 14:00 to 14:59: | 10.0% |
| 15:00 to 15:59: | 10.0% |
| 17:00 to 17:59: | 5.0% |
| 20:00 to 20:59: | 5.0% |
| 21:00 to 21:59: | 5.0% |
| 22:00 to 22:59: | 10.0% |
| 23:00 to 23:59: | 10.0% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.20% |
| British Columbia: | 10.79% |
| Manitoba: | 2.11% |
| New Brunswick: | 2.19% |
| Newfoundland and Labrador: | 1.17% |
| Nova Scotia: | 3.03% |
| Northwest Territories: | 0.32% |
| Nunavut: | 0.09% |
| Ontario: | 48.60% |
| Prince Edward Island: | 0.47% |
| Quebec: | 4.12% |
| Saskatchewan: | 5.02% |
| Yukon Territories: | 0.29% |
| Location | Contribution | |
|---|---|---|
| 001: | YELLOWKNIFE, NT | 0.182% |
| 002: | HAY RIVER, NT | 0.048% |
| 003: | INUVIK, NT | 0.044% |
| 004: | FORT SMITH, NT | 0.009% |
| 005: | BEHCHOKO, NT | 0.007% |
| 006: | FORT SIMPSON, NT | 0.007% |
| 007: | TUKTOYAKTUK, NT | 0.007% |
| 008: | NORMAN WELLS, NT | 0.004% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| First-time Buyer: | 30.0% | |
| Qualification: | 25.0% | |
| No Money Down: | 20.0% | |
| Renewal: | 10.0% | |
| Refinance: | 10.0% | |
| Long Term Fixed: | 5.0% | |
| Total Application Types Found: 6 | ||
Average age: 41
Oldest age: 57
Youngest age: 27
The following figures show the average income of people living in Inuvik who have submitted an inquiry using CanEquity's online mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Inuvik: | $83,020.79 |
| applicants within all of Canada: | $58,945.88 |
| Difference: | $24,074.91 |
| mortgage co-applicants in Inuvik: | $48,826.00 |
| co-applicants within all of Canada: | $41,522.27 |
| Difference: | $7,303.73 |
Since the average income of Inuvik is much higher than our Canadian national average, we have included the MEDIAN annual gross income for this town. 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 Inuvik: | $75,000.00 |
| applicants within all of Canada: | $58,945.88 |
| Difference: | $16,054.12 |
The pie chart below shows the residential status of people living in Inuvik who have submitted a mortgage inquiry using CanEquity's online mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 70.0% | |
| Own: | 15.0% | |
| Other: | 10.0% | |
| Live with parents: | 5.0% |
The pie chart below represents the marital status of applicants from Inuvik, Northwest Territories using the mortgage application found on the CanEquity Mortgage web site. In Inuvik, approximately 60% of the mortgage applicants are either married or living common-law, while only 40% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Single: | 40.0% | |
| Married: | 40.0% | |
| Common-law: | 20.0% |
