Last report update for Cambridge Bay: Wednesday, March 17, 2010
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Cambridge Bay Mortgage
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Cambridge Bay Mortgages

Nunavut Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Online Mortgages from Cambridge Bay

Year Year to Year
Comparison
** National
Contribution
2009: 25.00% 0.00%
2006: 25.00% 0.00%
2004: 50.00% 0.01%

Note: ** Total national contribution of Cambridge Bay mortgages in the past is currently 0.01% with a projected target of 0.01%.

Current City Standing within Nunavut


Location Contribution
001:  IQALUIT, NU 0.031%
002:  CAMBRIDGE BAY, NU 0.009%
003:  GJOA HAVEN, NU 0.007%
004:  IGLOOLIK, NU 0.007%
005:  CAPE DORSET, NU 0.005%
006:  PANGNIRTUNG, NU 0.005%
007:  RANKIN INLET, NU 0.005%

Product Popularity for Cambridge Bay


Mortgage Application
Form Type
  Percentage
of Inquiries
Qualification: 50.0%
Purchase: 25.0%
First-time Buyer: 25.0%
 
Total Application Types Found: 3
 Cambridge Bay Mortgage Product Popularity Pie Chart

Age Demographics for Cambridge Bay Mortgages

Average age: 37
Oldest age: 50
Youngest age: 25


Incomes for Cambridge Bay Mortgages

The following depicts the average income of Canadians living in Cambridge Bay who have submitted a mortgage inquiry using the CanEquity mortgage application.

Average annual gross income for
mortgage applicants in Cambridge Bay: $83,015.00
applicants within all of Canada: $58,582.39
Difference: $24,432.61
  

Since the average income of Cambridge Bay is notability higher than the Canadian national average, we have included the MEDIAN annual gross income for this location. 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: $58,582.39
Difference: $26,901.61

Note: Commercial Mortgage loans were not included for this report, only residential mortgage loan amounts from Cambridge Bay, Nunavut were used.

Residential Status for Cambridge Bay Mortgages

The following table represents the residential status of people living in Cambridge Bay who have applied for a mortgage loan using the online application located at the CanEquity web site.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 50.0%
Own: 50.0%
Cambridge Bay Residential Status Pie Chart

Marital Statistics for Cambridge Bay Mortgages

The pie chart below represents the marital status of applicants from Cambridge Bay, Nunavut using the mortgage application found on the CanEquity Mortgage web site. In Cambridge Bay, approximately 75% of the mortgage applicants are either married or living common-law, while only 25% are not living with someone.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Common-law: 50.0%
Single: 25.0%
Married: 25.0%
Cambridge Bay Marital Status Pie Chart