Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2009: | 25.00% | 0.00% |
| 2006: | 25.00% | 0.00% |
| 2004: | 50.00% | 0.00% |
| Location | Contribution | |
|---|---|---|
| 001: | IQALUIT, NU | 0.045% |
| 002: | GJOA HAVEN, NU | 0.009% |
| 003: | CAMBRIDGE BAY, NU | 0.008% |
| 004: | RANKIN INLET, NU | 0.008% |
| 005: | IGLOOLIK, NU | 0.006% |
| 006: | WHALE COVE, NU | 0.004% |
| 007: | CAPE DORSET, NU | 0.004% |
| 008: | PANGNIRTUNG, NU | 0.004% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 50.0% | |
| Purchase: | 25.0% | |
| First-time Buyer: | 25.0% | |
| Total Application Types Found: 3 | ||
Average age: 37
Oldest age: 50
Youngest age: 25
The following figures show the average income of Canadians living in Cambridge Bay who have applied for a home loan using the online application located at the CanEquity web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Cambridge Bay: | $83,015.00 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $23,516.53 |
Since the average income of Cambridge Bay is notability higher than the 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 Cambridge Bay: | $85,484.00 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $25,985.53 |
The information below represents the residential status of people living in Cambridge Bay who have submitted an inquiry using the pre-approval application on CanEquity's web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 50.0% | |
| Own: | 50.0% |
The following table and pie chart represents the marital status of applicants from Cambridge Bay, Nunavut using the online mortgage application found on the CanEquity Mortgage web site. In Cambridge Bay, 75% of the mortgage applicants are living common-law or married, while only 25% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Common-law: | 50.0% | |
| Single: | 25.0% | |
| Married: | 25.0% |
