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Northwest 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%.

Busy Months Report for Northwest Territories Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage 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%
RankMonth 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%
Busy Days Report for Northwest Territories Mortgages

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.


Peak Hours Graph for Mortgages in Northwest Territories
TimePeriod (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%
TimePeriod (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
1YELLOWKNIFE, NT 68.198% 35 $75,055 $66,993 $285,151
2INUVIK, NT 9.541% 43 $88,504 $48,826 $218,990
3HAY RIVER, NT 8.834% 35 $74,066 $56,112 $191,047
4FORT SMITH, NT 3.180% 43 $94,613 $50,000 $129,333
5BEHCHOKO, NT 2.120% 41 $95,500 $59,250 $188,316
6FORT SIMPSON, NT 2.120% 40 $82,083 $94,500 $242,500
7NORMAN WELLS, NT 1.413% 42 $142,500 $51,000 $333,125
8TUKTOYAKTUK, NT 1.060% 25 $53,333 n/a $163,333
9WHATI, 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

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

Last mortgage report update for Northwest Territories: Friday, July 1, 2016
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