Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 16.67% | 0.01% |
| 2010: | 4.17% | 0.00% |
| 2009: | 4.17% | 0.00% |
| 2008: | 25.00% | 0.01% |
| 2007: | 20.83% | 0.01% |
| 2006: | 8.33% | 0.00% |
| 2005: | 4.17% | 0.00% |
| 2004: | 16.67% | 0.01% |
In Inuvik, mortgage applications are received 24 hours a day from the CanEquity web site. The report shown below represents the busy 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 37.5% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 16.7% |
| 01:00 to 01:59: | 8.3% |
| 02:00 to 02:59: | 4.2% |
| 09:00 to 09:59: | 4.2% |
| 11:00 to 11:59: | 12.5% |
| 12:00 to 12:59: | 4.2% |
| 13:00 to 13:59: | 4.2% |
| 14:00 to 14:59: | 8.3% |
| 15:00 to 15:59: | 8.3% |
| 17:00 to 17:59: | 4.2% |
| 20:00 to 20:59: | 4.2% |
| 21:00 to 21:59: | 4.2% |
| 22:00 to 22:59: | 8.3% |
| 23:00 to 23:59: | 8.3% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 20.94% |
| British Columbia: | 10.57% |
| Manitoba: | 2.06% |
| New Brunswick: | 2.43% |
| Newfoundland and Labrador: | 1.25% |
| Nova Scotia: | 3.28% |
| Northwest Territories: | 0.40% |
| Nunavut: | 0.10% |
| Ontario: | 48.07% |
| Prince Edward Island: | 0.53% |
| Quebec: | 3.97% |
| Saskatchewan: | 4.94% |
| Yukon Territories: | 0.41% |
| Location | Contribution | |
|---|---|---|
| 001: | YELLOWKNIFE, NT | 0.264% |
| 002: | INUVIK, NT | 0.045% |
| 003: | HAY RIVER, NT | 0.042% |
| 004: | FORT SMITH, NT | 0.009% |
| 005: | BEHCHOKO, NT | 0.009% |
| 006: | FORT SIMPSON, NT | 0.006% |
| 007: | TUKTOYAKTUK, NT | 0.006% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| First-time Buyer: | 25.0% | |
| Qualification: | 20.8% | |
| No Money Down: | 16.7% | |
| Purchase: | 12.5% | |
| Renewal: | 8.3% | |
| Refinance: | 8.3% | |
| Commercial: | 4.2% | |
| Long Term Fixed: | 4.2% | |
| Total Application Types Found: 8 | ||
Average age: 42
Oldest age: 59
Youngest age: 27
The figures below represent the average income of people living in Inuvik who have applied for a home loan using the CanEquity mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Inuvik: | $85,836.14 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $26,337.67 |
| mortgage co-applicants in Inuvik: | $48,826.00 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | $6,422.87 |
Since the average income of Inuvik is substantially higher than our Canadian 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: | $79,500.00 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $20,001.53 |
The chart and pie-graph below depicts the residential status of people living in Inuvik who have applied for a loan using CanEquity's preapproval application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 66.7% | |
| Own: | 20.8% | |
| Other: | 8.3% | |
| Live with parents: | 4.2% |
The following pie chart represents the marital status of applicants from Inuvik, Northwest Territories using the mortgage preapproval application found on the CanEquity Mortgage web site. Approximately 62% of the mortgage applicants are living with someone, while only 37% are not living with someone.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 41.7% | |
| Single: | 33.3% | |
| Common-law: | 20.8% | |
| Divorced: | 4.2% |
