Inuvik Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2009: | 5.26% | 0.00% |
| 2008: | 31.58% | 0.01% |
| 2007: | 26.32% | 0.01% |
| 2006: | 10.53% | 0.01% |
| 2005: | 5.26% | 0.00% |
| 2004: | 21.05% | 0.01% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.11% |
| British Columbia: | 10.88% |
| Manitoba: | 2.09% |
| New Brunswick: | 2.10% |
| Newfoundland and Labrador: | 1.14% |
| Nova Scotia: | 2.88% |
| Northwest Territories: | 0.31% |
| Nunavut: | 0.08% |
| Ontario: | 48.85% |
| Prince Edward Island: | 0.44% |
| Quebec: | 4.14% |
| Saskatchewan: | 5.06% |
| Yukon Territories: | 0.26% |
| Location | Contribution | |
|---|---|---|
| 001: | YELLOWKNIFE, NT | 0.179% |
| 002: | INUVIK, NT | 0.045% |
| 003: | HAY RIVER, NT | 0.045% |
| 004: | FORT SMITH, NT | 0.009% |
| 005: | BEHCHOKO, NT | 0.007% |
| 006: | TUKTOYAKTUK, NT | 0.007% |
| 007: | FORT SIMPSON, NT | 0.005% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| First-time Buyer: | 31.6% | |
| Qualification: | 26.3% | |
| No Money Down: | 15.8% | |
| Renewal: | 10.5% | |
| Refinance: | 10.5% | |
| Long Term Fixed: | 5.3% | |
| Total Application Types Found: 6 | ||
Average age: 41
Oldest age: 57
Youngest age: 27
The amounts shown below represent the average income of Canadians living in Inuvik who have submitted a mortgage inquiry using CanEquity's online mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Inuvik: | $82,633.06 |
| applicants within all of Canada: | $58,582.76 |
| Difference: | $24,050.30 |
| mortgage co-applicants in Inuvik: | $48,826.00 |
| co-applicants within all of Canada: | $41,205.53 |
| Difference: | $7,620.47 |
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: | $58,582.76 |
| Difference: | $16,417.24 |
The chart and pie-graph below depicts the residential status of people living in Inuvik who have applied for a mortgage using the online application located at the CanEquity web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 68.4% | |
| Own: | 15.8% | |
| Other: | 10.5% | |
| Live with parents: | 5.3% |
The following pie chart represents the marital status of applicants from Inuvik, Northwest Territories using the mortgage application found at the CanEquity web site. In Inuvik, 63% of the mortgage applicants are living common-law or married, while only 36% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 42.1% | |
| Single: | 36.8% | |
| Common-law: | 21.1% |
