Inuvik Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
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| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2008: | * 20.00% | * 0.01% |
| 2007: | 33.33% | 0.02% |
| 2006: | 13.33% | 0.01% |
| 2005: | 6.67% | 0.00% |
| 2004: | 26.67% | 0.01% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.06% |
| British Columbia: | 11.34% |
| Manitoba: | 2.09% |
| New Brunswick: | 2.04% |
| Newfoundland and Labrador: | 1.16% |
| Nova Scotia: | 2.82% |
| Northwest Territories: | 0.30% |
| Nunavut: | 0.09% |
| Ontario: | 48.69% |
| Prince Edward Island: | 0.37% |
| Quebec: | 3.78% |
| Saskatchewan: | 5.51% |
| Yukon Territories: | 0.22% |
| Location | Contribution | |
|---|---|---|
| 001: | YELLOWKNIFE, NT | 0.163% |
| 002: | INUVIK, NT | 0.047% |
| 003: | HAY RIVER, NT | 0.044% |
| 004: | FORT SMITH, NT | 0.013% |
| 005: | BEHCHOKO, NT | 0.006% |
| 006: | FORT SIMPSON, NT | 0.006% |
| 007: | NORMAN WELLS, NT | 0.006% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| First-time Buyer: | 33.3% | |
| Qualification: | 26.7% | |
| Renewal: | 13.3% | |
| Refinance: | 13.3% | |
| No Money Down: | 13.3% | |
| Total Application Types Found: 5 | ||
Average age: 41
Oldest age: 55
Youngest age: 27
The information below represents the average income of Canadians living in Inuvik who have submitted an inquiry using CanEquity's online mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Inuvik: | $82,028.21 |
| applicants within all of Canada: | $56,689.29 |
| Difference: | $25,338.92 |
| mortgage co-applicants in Inuvik: | $48,826.00 |
| co-applicants within all of Canada: | $39,622.06 |
| Difference: | $9,203.94 |
Since the average income of Inuvik is substantially higher than the national average, we have included the MEDIAN annual gross income for this area. 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: | $76,500.00 |
| applicants within all of Canada: | $56,689.29 |
| Difference: | $19,810.71 |
The information below represents the residential status of people living in Inuvik who have submitted an inquiry using the online application located at the CanEquity web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 73.3% | |
| Own: | 20.0% | |
| Other: | 6.7% |
The following information represents the marital status of applicants from Inuvik, Northwest Territories using the mortgage application found at canequity.com. Approximately 73% of the mortgage applicants are living together with someone, while only 26% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 46.7% | |
| Common-law: | 26.7% | |
| Single: | 26.7% |
