Ontario Mortgage # 10896
Saskatchewan Mortgage # 311514
Real Estate Council of Alberta Authorized
BC Mortgage # X028126
- Last mortgage report update for Inuvik: Wednesday, September 8, 2010   
CanEquity Mortgage and Insurance Canada
Canadian Mortgage Rates,
Calculators, News & Insurance
Canadian Mortgage Statistics


Mortgage Stats
Tell a Friend
Rate calculator

Related Links:
Alberta Mortgages
BC Mortgages
Manitoba Mortgages
New Brunswick Mortgages
Newfoundland Mortgages
NWT Mortgages
Nova Scotia Mortgages
Ontario Mortgages
PEI Mortgages
Quebec Mortgages
Saskatchewan Mortgages
Yukon Mortgages

Inuvik Mortgages

Northwest Territories Mortgage Statistics, Graphs and Charts

Map of Inuvik requires Adobe Flash Player 7 or higher.

Yearly Volume Comparison for Online Mortgages from Inuvik

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%

Note: * These values are the percentages up to Wednesday, September 8, 2010. Estimated volume targets for the entire 2010 year are 5.00% and 0.00% respectively. ** Total national contribution of Inuvik mortgages in the past is currently 0.04% with a projected target of 0.04%.

Peak Hours for Mortgage Applicants within Inuvik

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%
Peak Hours Graph for Mortgages in Inuvik

Note: Only hours that have had mortgages from Inuvik, Northwest Territories are shown.

Northwest Territories Mortgage Originations Compared to all other Provinces


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%
Inuvik Mortgages

Current City Standing within Northwest Territories


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%

Product Popularity for Inuvik


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
 Inuvik Mortgage Product Popularity Pie Chart

Age Demographics for Inuvik Originated Mortgages

Average age: 41
Oldest age: 57
Youngest age: 27


Incomes for Inuvik Originated Mortgages

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

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

Residential Status for Inuvik Based Mortgages

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%
Inuvik Residential Status Pie Chart

Marital Status for Inuvik Based Mortgages

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%
Inuvik Marital Status Pie Chart