Iqaluit Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2009: | 7.69% | 0.00% |
| 2008: | 23.08% | 0.01% |
| 2007: | 15.39% | 0.01% |
| 2006: | 15.39% | 0.01% |
| 2005: | 23.08% | 0.01% |
| 2004: | 15.39% | 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% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 38.5% | |
| Refinance: | 23.1% | |
| No Money Down: | 15.4% | |
| First-time Buyer: | 15.4% | |
| Purchase: | 7.7% | |
| Total Application Types Found: 5 | ||
Average age: 46
Oldest age: 60
Youngest age: 36
The information below represents the average income of people living in Iqaluit who have submitted an inquiry using CanEquity's pre-approval application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Iqaluit: | $103,410.77 |
| applicants within all of Canada: | $58,582.39 |
| Difference: | $44,828.38 |
Since the average income of Iqaluit is much higher than our 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: | $88,000.00 |
| applicants within all of Canada: | $58,582.39 |
| Difference: | $29,417.61 |
The following depicts the residential status of people living in Iqaluit 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: | 69.2% | |
| Own: | 30.8% |
The following pie chart represents the marital status of applicants from Iqaluit, Nunavut using the online mortgage application found on the CanEquity Mortgage web site. In Iqaluit, approximately 69% of the mortgage applicants are either married or living common-law, while only 30% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 38.5% | |
| Common-law: | 30.8% | |
| Single: | 30.8% |
