Nunavut Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
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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 © 2001-2008 CEG Research, The Canadian Equity Group Inc.
| Year | Volume Comparison | ** National Contribution |
|---|---|---|
| 2008: | * 27.59% | * 0.02% |
| 2007: | 13.79% | 0.01% |
| 2006: | 10.35% | 0.01% |
| 2005: | 13.79% | 0.01% |
| 2004: | 27.59% | 0.02% |
| 2003: | 3.45% | 0.00% |
| 2002: | 3.45% | 0.00% |
The data below plots the busy days for online mortgage applications that were received by our web site. Each day is a representation of the combined 6-year total of all instances of that day. In Nunavut the busiest day of the week, with 24.14% of all inquiries, is Friday. In comparison, Wednesday's are the slowest day with only 6.90% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Friday: | 24.1% | |
| 2: | Tuesday: | 17.2% | |
| 3: | Thursday: | 17.2% | |
| 4: | Monday: | 13.8% | |
| 5: | Saturday: | 10.3% | |
| 6: | Sunday: | 10.3% | |
| 7: | Wednesday: | 6.9% |
In Nunavut, mortgage applications are received 24 hours a day via the CanEquity web site. The information shown below represents the busy hours within 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: | 3.4% |
| 01:00 to 01:59: | 3.4% |
| 08:00 to 08:59: | 3.4% |
| 10:00 to 10:59: | 10.3% |
| 11:00 to 11:59: | 10.3% |
| 12:00 to 12:59: | 6.9% |
| 13:00 to 13:59: | 10.3% |
| 14:00 to 14:59: | 10.3% |
| 15:00 to 15:59: | 13.8% |
| 16:00 to 16:59: | 6.9% |
| 17:00 to 17:59: | 3.4% |
| 18:00 to 18:59: | 6.9% |
| 19:00 to 19:59: | 3.4% |
| 20:00 to 20:59: | 3.4% |
| 22:00 to 22:59: | 3.4% |
| Online Mortgage Origination for the Province of | Percentage in Comparison |
|---|---|
| Alberta: | 23965.5% |
| British Columbia: | 12765.5% |
| Manitoba: | 2379.3% |
| New Brunswick: | 2320.7% |
| Newfoundland and Labrador: | 1327.6% |
| Nova Scotia: | 3179.3% |
| Northwest Territories: | 351.7% |
| Nunavut: | 100.0% |
| Ontario: | 55489.7% |
| Prince Edward Island: | 420.7% |
| Quebec: | 4306.9% |
| Saskatchewan: | 6193.1% |
| Yukon Territories: | 241.4% |
| City or Town within the province of Nunavut | Percentage of Inquiries | Average Age | Average Income | Average Co-Income | Average Home Loan | |
|---|---|---|---|---|---|---|
| 001: | IQALUIT, NU | 41.379% | 46 | $101,997.92 | $76,333.33 | $213,838.89 |
| 002: | CAMBRIDGE BAY, NU | 10.345% | 33 | $90,322.67 | n/a | $400,000.00 |
| 003: | GJOA HAVEN, NU | 6.897% | 41 | $77,000.00 | n/a | $187,500.00 |
| 004: | CAPE DORSET, NU | 6.897% | 45 | $63,400.00 | n/a | $185,000.00 |
| 005: | RANKIN INLET, NU | 6.897% | 29 | $77,889.00 | $56,255.50 | $250,000.00 |
| 006: | POND INLET, NU | 6.897% | 42 | $100,000.00 | n/a | $100,000.00 |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 31.0% | |
| No Money Down: | 20.7% | |
| Refinance: | 17.2% | |
| Renewal: | 10.3% | |
| First-time Buyer: | 10.3% | |
| Purchase: | 6.9% | |
| Equity Mortgage: | 3.4% | |
| Total Application Types Found: 7 | ||
Average age: 42
Oldest age: 60
Youngest age: 25
The amounts shown below represent the average income of applicants living in Nunavut who have applied for a home loan using CanEquity's online mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Nunavut: | $87,686.93 |
| applicants within all of Canada: | $56,901.12 |
| Difference: | $30,785.81 |
| mortgage co-applicants in Nunavut: | $59,125.92 |
| co-applicants within all of Canada: | $39,780.25 |
| Difference: | $19,345.66 |
The following table represents the residential status of people living in Nunavut who have applied for a loan using the pre-approval application on the CanEquity Mortgage web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 51.7% | |
| Own: | 37.9% | |
| Other: | 3.4% | |
| No Comment: | 3.4% | |
| Live with parents: | 3.4% |
The pie chart below represents the marital status of applicants from Nunavut using the preapproval application found at the CanEquity web site. Approximately 79% of the mortgage applicants are either married or living common-law, while only 20% are not married or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 48.3% | |
| Common-law: | 31.0% | |
| Single: | 17.2% | |
| Divorced: | 3.4% |
