Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 50.00% | 0.00% |
| 2004: | 50.00% | 0.00% |
| Location | Contribution | |
|---|---|---|
| 001: | IQALUIT, NU | 0.045% |
| 002: | GJOA HAVEN, NU | 0.009% |
| 003: | CAMBRIDGE BAY, NU | 0.008% |
| 004: | RANKIN INLET, NU | 0.008% |
| 005: | IGLOOLIK, NU | 0.006% |
| 006: | WHALE COVE, NU | 0.004% |
| 007: | CAPE DORSET, NU | 0.004% |
| 008: | PANGNIRTUNG, NU | 0.004% |
| 009: | POND INLET, NU | 0.004% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| No Money Down: | 75.0% | |
| Purchase: | 25.0% | |
| Total Application Types Found: 2 | ||
Average age: 34
Oldest age: 56
Youngest age: 23
The amounts shown below represent the average income of applicants living in Rankin Inlet who have applied for a loan using the pre-approval application on the CanEquity Mortgage web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Rankin Inlet: | $89,694.50 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $30,196.03 |
Since the average income of Rankin Inlet is notability higher than our Canadian national average, we have included the MEDIAN annual gross income for this area. 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 Rankin Inlet: | $87,944.50 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $28,446.03 |
The chart and pie-graph below depicts the residential status of people living in Rankin Inlet who have submitted a mortgage inquiry using CanEquity's preapproval application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 100.0% |
The following pie chart represents the marital status of applicants from Rankin Inlet, Nunavut using the preapproval application found at canequity.com. In Rankin Inlet, approximately 50% of the mortgage applicants are living with someone, while only 50% are not married or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 50.0% | |
| Divorced: | 25.0% | |
| Single: | 25.0% |
