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ToolsNorthwest Territories Mortgage Information
Busy Months for Mortgages in Northwest Territories
The 6-year bar graph below represents the volumes of applications received by Super Brokers in each month for all years combined. The busiest months for mortgages occur during our second quarter (represented by the green bars) with 30.74% while our slowest is the fourth quarter (represented by the red bars) with 21.20%.
Rankings for Busy Mortgage Months
| Rank | Month | Percentage of Applications | |
|---|---|---|---|
| 1 | May: | 12.0% | |
| 2 | March: | 11.7% | |
| 3 | August: | 11.7% | |
| 4 | April: | 10.6% | |
| 5 | November: | 8.5% | |
| 6 | October: | 8.1% |
| Rank | Month | Percentage of Applications | |
|---|---|---|---|
| 7 | June: | 8.1% | |
| 8 | September: | 7.8% | |
| 9 | January: | 6.0% | |
| 10 | July: | 5.7% | |
| 11 | February: | 5.3% | |
| 12 | December: | 4.6% |
Busy Days for Mortgages in Northwest Territories
The bar graph listed below compares the busy days for online inquiries that were received by Super Brokers. A combined total of all occurrences of each day are represented for the past 5 years. In Northwest Territories the most busy day of the week, with 16.96% of all submissions, is Wednesday. In comparison, Thursday's are the slowest day with only 11.66% of all inquiries.
| Rank | Day of the Week | Percentage of Applications |
|---|---|---|
| 1 | Wednesday: | 17.0% |
| 2 | Monday: | 15.9% |
| 3 | Saturday: | 14.5% |
| 4 | Sunday: | 14.1% |
| 5 | Tuesday: | 13.8% |
| 6 | Friday: | 13.1% |
| 7 | Thursday: | 11.7% |
Peak Hours for Northwest Territories Mortgage Applications
Mortgage applications are received 24 hours a day from the Super Brokers' web site. The information shown below represents the peak hours over a 24-hour period. The data is taken from all days of all years.
| Time | Period (24 Hour) | Percentage of Applications |
|---|---|---|
| 12AM | 00:00 to 00:59: | 4.6% |
| 1AM | 01:00 to 01:59: | 1.8% |
| 2AM | 02:00 to 02:59: | 0.7% |
| 3AM | 03:00 to 03:59: | 0.7% |
| 4AM | 04:00 to 04:59: | 0.4% |
| 5AM | 05:00 to 05:59: | 0.4% |
| 6AM | 06:00 to 06:59: | 0.4% |
| 7AM | 07:00 to 07:59: | 0.4% |
| 8AM | 08:00 to 08:59: | 2.1% |
| 9AM | 09:00 to 09:59: | 4.9% |
| 10AM | 10:00 to 10:59: | 6.0% |
| 11AM | 11:00 to 11:59: | 6.4% |
| Time | Period (24 Hour) | Percentage of Applications |
|---|---|---|
| Lunch | 12:00 to 12:59: | 7.8% |
| 1PM | 13:00 to 13:59: | 8.5% |
| 2PM | 14:00 to 14:59: | 6.0% |
| 3PM | 15:00 to 15:59: | 8.1% |
| 4PM | 16:00 to 16:59: | 6.4% |
| 5PM | 17:00 to 17:59: | 5.3% |
| 6PM | 18:00 to 18:59: | 2.5% |
| 7PM | 19:00 to 19:59: | 3.2% |
| 8PM | 20:00 to 20:59: | 7.1% |
| 9PM | 21:00 to 21:59: | 6.0% |
| 10PM | 22:00 to 22:59: | 6.0% |
| 11PM | 23:00 to 23:59: | 4.6% |
Northwest Territories Mortgage Originations Compared to all other Provinces and Territories
| Online Mortgage Origination for the Province or Territory of | Percentage in Comparison |
|---|---|
| Alberta: | 4307.4% |
| British Columbia: | 2125.4% |
| Manitoba: | 409.5% |
| New Brunswick: | 516.3% |
| Newfoundland and Labrador: | 266.1% |
| Nova Scotia: | 672.8% |
| Northwest Territories: | 100.0% |
| Nunavut: | 19.8% |
| Ontario: | 9668.9% |
| Prince Edward Island: | 103.9% |
| Quebec: | 804.9% |
| Saskatchewan: | 1029.7% |
| Yukon: | 96.5% |
Top Producing Cities / Towns for Mortgages in Northwest Territories
| Rank | City or Town within Northwest Territories | Percentage of Inquiries | Avg Age | Average Income | Average Co-Income | Average Home Loan |
|---|---|---|---|---|---|---|
| 1 | YELLOWKNIFE, NT | 68.198% | 35 | $75,055 | $66,993 | $285,151 |
| 2 | INUVIK, NT | 9.541% | 43 | $88,504 | $48,826 | $218,990 |
| 3 | HAY RIVER, NT | 8.834% | 35 | $74,066 | $56,112 | $191,047 |
| 4 | FORT SMITH, NT | 3.180% | 43 | $94,613 | $50,000 | $129,333 |
| 5 | BEHCHOKO, NT | 2.120% | 41 | $95,500 | $59,250 | $188,316 |
| 6 | FORT SIMPSON, NT | 2.120% | 40 | $82,083 | $94,500 | $242,500 |
| 7 | NORMAN WELLS, NT | 1.413% | 42 | $142,500 | $51,000 | $333,125 |
| 8 | TUKTOYAKTUK, NT | 1.060% | 25 | $53,333 | n/a | $163,333 |
| 9 | WHATI, NT | 1.060% | 32 | $41,333 | n/a | $158,333 |
Types of Mortgage Inquiries Received from Northwest Territories
| Type of Mortgage Application Form Selected | Percentage of Inquiries | |
|---|---|---|
| New Home Purchase: | 30.4% | |
| Mortgage Pre-approval: | 22.3% | |
| First-time Home Buyer: | 19.4% | |
| No Money Down Mortgage (discontinued): | 11.0% | |
| Refinance / Debt Consolidation: | 7.8% | |
| Other: | 9.4% | |
| Total Application Types Found: 14 | ||
Age Demographics for Northwest Territories Mortgage Inquiries
Average age: 37
Oldest age: 64
Youngest age: 20
Incomes for Northwest Territories Mortgage Inquiries
The following figures show the average income of people living in Northwest Territories who have submitted an inquiry using the online application located at the Mortgage Super Brokers' web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Northwest Territories: | $77,923.64 |
| applicants within all of Canada: | $60,852.54 |
| Difference: | $17,071.10 |
| mortgage co-applicants in Northwest Territories: | $64,990.62 |
| co-applicants within all of Canada: | $43,965.51 |
| Difference: | $21,025.11 |
- Alberta
- British Columbia
- Manitoba
- New Brunswick
- Newfoundland and Labrador
- Nova Scotia
- Ontario
- Prince Edward Island
- Quebec
- Saskatchewan
Provincial mortgage stats:
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Tel: Fax: info@superbrokers.ca |