Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 33.33% | 0.00% |
| 2006: | 33.33% | 0.00% |
| 2005: | 33.33% | 0.00% |
| 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% |
| 008: | NORMAN WELLS, NT | 0.006% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Purchase: | 33.3% | |
| Qualification: | 33.3% | |
| No Money Down: | 33.3% | |
| Total Application Types Found: 3 | ||
Average age: 43
Oldest age: 56
Youngest age: 34
The amounts below are the average income of applicants living in Norman Wells who have submitted an inquiry using the CanEquity mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Norman Wells: | $110,000.00 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $50,501.53 |
Since the average income of Norman Wells is notability 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 Norman Wells: | $105,000.00 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $45,501.53 |
The chart and pie-graph below depicts the residential status of people living in Norman Wells who have applied for a home loan using CanEquity's online mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Own: | 66.7% | |
| Other: | 33.3% |
The following information represents the marital status of applicants from Norman Wells, Northwest Territories using the mortgage application found on the CanEquity Mortgage web site. In Norman Wells, over 66% of the mortgage applicants are either married or living common-law, while only 33% are not living with someone.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Divorced: | 33.3% | |
| Common-law: | 33.3% | |
| Married: | 33.3% |
