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- Last mortgage report update for Nunavut: Wednesday, April 10, 2013   
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Nunavut Mortgages

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Note: Commercial Mortgages were not included for this report, only residential mortgage loan amounts were used.

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 45,000 to 65,000 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 © 2001-2010 CEG Research, The Canadian Equity Group Inc.


Yearly Volume Comparison for Mortgage Applications from Nunavut

Year Volume
Comparison
** National
Contribution
2012: 7.14% 0.01%
2011: 16.07% 0.01%
2010: 14.29% 0.01%
2009: 10.71% 0.01%
2008: 14.29% 0.01%
2007: 7.14% 0.01%
2006: 5.36% 0.01%
2005: 7.14% 0.01%
2004: 14.29% 0.01%
2003: 1.79% 0.00%
2002: 1.79% 0.00%

Note: ** Total national contribution of Nunavut mortgages in the past is currently 0.10% with a projected target of 0.10%.

Busy Months for Mortgages in Nunavut

The graph below shows the volumes of mortgage applications received by CanEquity in each month for all years combined. The busiest months for mortgages occur during our fourth quarter (represented by the red bars) with 30.36% while our slowest is the third quarter (represented by the blue bars) with 14.29%.

RankMonth Percentage
of Inquiries
1: October: 12.5%
2: May: 10.7%
3: December: 10.7%
4: March: 10.7%
5: January: 8.9%
6: April: 8.9%
7: February: 8.9%
8: November: 7.1%
9: June: 7.1%
10: September: 7.1%
11: July: 3.6%
12: August: 3.6%
Busy Months Report for Nunavut Mortgages

Busy Days for Mortgages in Nunavut

The bar graph listed below compares the busy days for Internet mortgage applications that were received by CanEquity. A combined total of all occurrences of each day are represented for the past 5 years. In Nunavut, the day with the most volume, having more than 21.43% of all submissions, is Friday. In comparison, Sunday's are the slowest day with only 8.93% of all inquiries.

Rank Day of the
Week
Percentage
of Inquiries
1: Friday: 21.4%
2: Monday: 17.9%
3: Tuesday: 17.9%
4: Thursday: 16.1%
5: Wednesday: 8.9%
6: Saturday: 8.9%
7: Sunday: 8.9%
Busy Days Report for Nunavut Mortgages

Peak Hours for Nunavut Mortgage Applications

In Nunavut, mortgage applications are received 24 hours a day on the CanEquity web site. The statistics shown below 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: 1.8%
01:00 to 01:59: 1.8%
05:00 to 05:59: 1.8%
07:00 to 07:59: 1.8%
08:00 to 08:59: 5.4%
09:00 to 09:59: 7.1%
10:00 to 10:59: 5.4%
11:00 to 11:59: 7.1%
12:00 to 12:59: 7.1%
13:00 to 13:59: 10.7%
14:00 to 14:59: 10.7%
15:00 to 15:59: 12.5%
16:00 to 16:59: 3.6%
17:00 to 17:59: 7.1%
18:00 to 18:59: 3.6%
19:00 to 19:59: 1.8%
20:00 to 20:59: 7.1%
21:00 to 21:59: 1.8%
22:00 to 22:59: 1.8%
Peak Hours Graph for Mortgages in Nunavut

Note: Only hours that have had mortgages from Nunavut are shown.

Nunavut Mortgage Originations Compared to all other Provinces


Online Mortgage Origination
for the Province of
Percentage in
Comparison
Alberta: 21848.2%
British Columbia: 10958.9%
Manitoba: 2110.7%
New Brunswick: 2555.4%
Newfoundland and Labrador: 1335.7%
Nova Scotia: 3471.4%
Northwest Territories: 476.8%
Nunavut 100.0%
Ontario: 49323.2%
Prince Edward Island: 535.7%
Quebec: 4087.5%
Saskatchewan: 5103.6%
Yukon Territories: 482.1%
Nunavut Mortgages

Top Producing Cities / Towns for Mortgages in Nunavut

City or Town within
the province of Nunavut
Percentage
of Inquiries
Average
Age
Average
Income
Average
Co-Income
Average
Loan
001:IQALUIT, NU 44.643% 43 $104,597.50 $85,666.67 $288,510.20
002:GJOA HAVEN, NU 8.929% 44 $87,000.00 n/a $143,600.00
003:RANKIN INLET, NU 8.929% 35 $90,955.60 $44,170.33 $216,250.00
004:CAMBRIDGE BAY, NU 7.143% 37 $83,015.00 n/a $400,000.00
005:PANGNIRTUNG, NU 5.357% 50 $75,333.33 n/a $53,949.33
006:IGLOOLIK, NU 5.357% 34 $85,524.00 n/a $187,500.00
007:WHALE COVE, NU 3.571% 37 $83,750.00 n/a $154,900.00
008:CAPE DORSET, NU 3.571% 45 $63,400.00 n/a $185,000.00
009:POND INLET, NU 3.571% 42 $100,000.00 n/a $100,000.00

Product Popularity for Nunavut


Mortgage Application
Form Type
  Percentage
of Inquiries
Qualification: 23.2%
No Money Down: 23.2%
Refinance: 16.1%
Purchase: 16.1%
First-time Buyer: 12.5%
Renewal: 5.4%
Equity Mortgage: 1.8%
Commercial: 1.8%
 
Total Application Types Found: 8
 Nunavut Mortgage Product Popularity Pie Chart

Age Demographics for Nunavut Mortgage Inquiries

Average age: 42
Oldest age: 60
Youngest age: 23


Incomes for Nunavut Mortgage Inquiries

The amounts below are the average income of applicants living in Nunavut who have submitted an inquiry using the CanEquity mortgage application.

Average annual gross income for
mortgage applicants in Nunavut: $91,294.93
applicants within all of Canada: $60,038.38
Difference: $31,256.54
  
mortgage co-applicants in Nunavut: $60,530.06
co-applicants within all of Canada: $43,080.11
Difference: $17,449.95

Note: Commercial loan amounts were not included for this survey, only residential mortgage loans were used.

Residential Status for Nunavut

The information shown below represents the residential status of people living in Nunavut who have applied for a loan using the pre-approval application on CanEquity's web site.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 57.1%
Own: 30.4%
Other: 3.6%
No Comment: 3.6%
Live with parents: 5.4%
Nunavut Residential Status Pie Chart

Marital Statistics for Nunavut

The following pie chart represents the marital status of applicants from Nunavut using the preapproval application found on the CanEquity Mortgage web site. Over 73% of the mortgage applicants are living with someone, while only 26% are single, separated or divorced.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 48.2%
Common-law: 25.0%
Single: 19.6%
Divorced: 7.1%
Nunavut Marital Status Pie Chart