Nunavut Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
Disclaimer:
CanEquity Mortgage has compiled the following data for educational and informational purposes as outlined in our privacy policy. All names, street and e-mail addresses, telephone numbers, dates of birth, and other forms of identification have been removed before the following data was compiled. These statistics are anonymous and contain no personal information, and cannot be used to gather such information.
The statistics gathered are from CanEquity’s web site and do not include inquiries via fax, e-mail, contact forms, phone-ins or walk-ins. The statistics gathered represent the growing Internet usage and mortgage trends found within Canada.
All information, charts and graphs represented are deemed accurate and reliable but no warranty or guarantee is implied. Data may be noticeably affected from time to time by changes in CanEquity Mortgage marketing efforts. Data may also be affected by Internet connectivity, outages and service (or lack of) to areas within Canada. The range of data collected is from 30,000 to 60,000 mortgage applicants from across Canada. All data has a deviation of +/- 1.00% for added anonymity. No statistic contained herein represents a single person.
This information may be used freely for educational or non-commercial use. For more information about this service, please e-mail marketing@canequity.com. Copyright © 2001-2009 CEG Research, The Canadian Equity Group Inc.
| Year | Volume Comparison | ** National Contribution |
|---|---|---|
| 2010: | * 2.78% | * 0.00% |
| 2009: | 16.67% | 0.01% |
| 2008: | 22.22% | 0.02% |
| 2007: | 11.11% | 0.01% |
| 2006: | 8.33% | 0.01% |
| 2005: | 11.11% | 0.01% |
| 2004: | 22.22% | 0.02% |
| 2003: | 2.78% | 0.00% |
| 2002: | 2.78% | 0.00% |
The bar graph listed below shows the busy days for mortgage inquiries that were received by CanEquity's web site. Each day is a representation of the combined 6-year total of all instances of that day. In Nunavut, the day with the most volume, having more than 22.22% of all applications, is Friday. In comparison, Wednesday's are the slowest day with only 5.56% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Friday: | 22.2% | |
| 2: | Tuesday: | 19.4% | |
| 3: | Thursday: | 19.4% | |
| 4: | Monday: | 13.9% | |
| 5: | Saturday: | 11.1% | |
| 6: | Sunday: | 8.3% | |
| 7: | Wednesday: | 5.6% |
In Nunavut, inquiries are received 24 hours a day from the CanEquity web site. The following represents the rush hours over a 24-hour period. The data is taken from all days of all years.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 2.8% |
| 01:00 to 01:59: | 2.8% |
| 08:00 to 08:59: | 5.6% |
| 10:00 to 10:59: | 8.3% |
| 11:00 to 11:59: | 8.3% |
| 12:00 to 12:59: | 8.3% |
| 13:00 to 13:59: | 11.1% |
| 14:00 to 14:59: | 11.1% |
| 15:00 to 15:59: | 11.1% |
| 16:00 to 16:59: | 5.6% |
| 17:00 to 17:59: | 8.3% |
| 18:00 to 18:59: | 5.6% |
| 19:00 to 19:59: | 2.8% |
| 20:00 to 20:59: | 2.8% |
| 21:00 to 21:59: | 2.8% |
| 22:00 to 22:59: | 2.8% |
| Online Mortgage Origination for the Province of | Percentage in Comparison |
|---|---|
| Alberta: | 24500.0% |
| British Columbia: | 12655.6% |
| Manitoba: | 2436.1% |
| New Brunswick: | 2430.6% |
| Newfoundland and Labrador: | 1322.2% |
| Nova Scotia: | 3350.0% |
| Northwest Territories: | 363.9% |
| Nunavut: | 100.0% |
| Ontario: | 56602.8% |
| Prince Edward Island: | 502.8% |
| Quebec: | 4694.4% |
| Saskatchewan: | 5891.7% |
| Yukon Territories: | 288.9% |
| City or Town within the province of Nunavut | Percentage of Inquiries | Average Age | Average Income | Average Co-Income | Average Home Loan | |
|---|---|---|---|---|---|---|
| 001: | IQALUIT, NU | 36.111% | 46 | $103,410.77 | $76,333.33 | $232,320.40 |
| 002: | CAMBRIDGE BAY, NU | 11.111% | 37 | $83,015.00 | n/a | $400,000.00 |
| 003: | GJOA HAVEN, NU | 8.333% | 42 | $77,666.67 | n/a | $155,000.00 |
| 004: | IGLOOLIK, NU | 8.333% | 34 | $85,524.00 | n/a | $187,500.00 |
| 005: | CAPE DORSET, NU | 5.556% | 45 | $63,400.00 | n/a | $185,000.00 |
| 006: | PANGNIRTUNG, NU | 5.556% | 50 | $98,000.00 | n/a | $58,424.00 |
| 007: | RANKIN INLET, NU | 5.556% | 29 | $77,889.00 | $56,255.50 | $250,000.00 |
| 008: | POND INLET, NU | 5.556% | 42 | $100,000.00 | n/a | $100,000.00 |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 27.8% | |
| No Money Down: | 25.0% | |
| Refinance: | 19.4% | |
| First-time Buyer: | 11.1% | |
| Renewal: | 8.3% | |
| Purchase: | 5.6% | |
| Equity Mortgage: | 2.8% | |
| Total Application Types Found: 7 | ||
Average age: 42
Oldest age: 60
Youngest age: 25
The numbers below represent the average income of Canadians living in Nunavut who have applied for a mortgage loan using CanEquity's pre-approval application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Nunavut: | $86,583.60 |
| applicants within all of Canada: | $58,448.42 |
| Difference: | $28,135.18 |
| mortgage co-applicants in Nunavut: | $55,693.15 |
| co-applicants within all of Canada: | $41,110.46 |
| Difference: | $14,582.70 |
The chart and pie-graph below depicts the residential status of people living in Nunavut who have submitted a mortgage inquiry using the online application located at the CanEquity web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 52.8% | |
| Own: | 38.9% | |
| Other: | 2.8% | |
| No Comment: | 2.8% | |
| Live with parents: | 2.8% |
The following information represents the marital status of applicants from Nunavut using the online mortgage application found at the CanEquity web site. In Nunavut, approximately 80% of the mortgage applicants are either married or living common-law, while only 19% are single or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 47.2% | |
| Common-law: | 33.3% | |
| Single: | 16.7% | |
| Divorced: | 2.8% |
