Iqaluit Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
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| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2008: | * 10.00% | * 0.00% |
| 2007: | 20.00% | 0.01% |
| 2006: | 20.00% | 0.01% |
| 2005: | 30.00% | 0.01% |
| 2004: | 20.00% | 0.01% |
| Location | Contribution | |
|---|---|---|
| 001: | IQALUIT, NU | 0.033% |
| 002: | CAMBRIDGE BAY, NU | 0.010% |
| 003: | GJOA HAVEN, NU | 0.007% |
| 004: | CAPE DORSET, NU | 0.007% |
| 005: | RANKIN INLET, NU | 0.007% |
| 006: | POND INLET, NU | 0.007% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 50.0% | |
| Refinance: | 30.0% | |
| Purchase: | 10.0% | |
| First-time Buyer: | 10.0% | |
| Total Application Types Found: 4 | ||
Average age: 46
Oldest age: 60
Youngest age: 36
The information below represents the average income of Canadians living in Iqaluit who have applied for a mortgage loan using the pre-approval application on CanEquity's web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Iqaluit: | $105,431.80 |
| applicants within all of Canada: | $56,347.50 |
| Difference: | $49,084.30 |
Since the average income of Iqaluit is substantially higher than the Canadian 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 Iqaluit: | $87,000.00 |
| applicants within all of Canada: | $56,347.50 |
| Difference: | $30,652.50 |
The pie chart below shows the residential status of people living in Iqaluit who have applied for a loan using the CanEquity mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 60.0% | |
| Own: | 40.0% |
The following table and pie chart represents the marital status of applicants from Iqaluit, Nunavut using the mortgage preapproval application found on canequity.com. 60% of the mortgage applicants are either married or living common-law, while only 40% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Single: | 40.0% | |
| Married: | 40.0% | |
| Common-law: | 20.0% |
