Cambridge Bay Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2009: | 25.00% | 0.00% |
| 2006: | 25.00% | 0.00% |
| 2004: | 50.00% | 0.01% |
| 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% |
| 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 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 |
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% |
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% |
