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ToolsNunavut Mortgage Information
Busy Months for Mortgages in Nunavut
This graph represents the volumes of mortgage applications received by Super Brokers 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%.
Rankings for Busy Mortgage Months
| Rank | Month | Percentage of Applications | |
|---|---|---|---|
| 1 | October: | 12.5% | |
| 2 | May: | 10.7% | |
| 3 | December: | 10.7% | |
| 4 | March: | 10.7% | |
| 5 | January: | 8.9% | |
| 6 | April: | 8.9% |
| Rank | Month | Percentage of Applications | |
|---|---|---|---|
| 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 Days for Mortgages in Nunavut
The information below plots the busy days for online mortgage applications that were received by Super Brokers. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Nunavut the busiest day, with approximately 21.43% of all applications, is Friday. In comparison, Sunday's are the slowest day with only 8.93% of all inquiries.
| Rank | Day of the Week | Percentage of Applications |
|---|---|---|
| 1 | Friday: | 21.4% |
| 2 | Tuesday: | 17.9% |
| 3 | Monday: | 16.1% |
| 4 | Thursday: | 16.1% |
| 5 | Wednesday: | 10.7% |
| 6 | Saturday: | 8.9% |
| 7 | Sunday: | 8.9% |
Peak Hours for Nunavut Mortgage Applications
Nunavut mortgage applications are received 24 hours a day on the Super Brokers web site. The statistics shown below represents the peak hours within a 24-hour period. The data is taken from all days of all years. Only 28.6% of all mortgages are received during the morning, while 67.9% arrive in the afternoon.
| Time | Period (24 Hour) | Percentage of Applications |
|---|---|---|
| 12AM | 00:00 to 00:59: | 1.8% |
| 1AM | 01:00 to 01:59: | 1.8% |
| 2AM | 02:00 to 02:59: | 0% |
| 3AM | 03:00 to 03:59: | 0% |
| 4AM | 04:00 to 04:59: | 0% |
| 5AM | 05:00 to 05:59: | 1.8% |
| 6AM | 06:00 to 06:59: | 0% |
| 7AM | 07:00 to 07:59: | 1.8% |
| 8AM | 08:00 to 08:59: | 5.4% |
| 9AM | 09:00 to 09:59: | 7.1% |
| 10AM | 10:00 to 10:59: | 5.4% |
| 11AM | 11:00 to 11:59: | 7.1% |
| Time | Period (24 Hour) | Percentage of Applications |
|---|---|---|
| Lunch | 12:00 to 12:59: | 7.1% |
| 1PM | 13:00 to 13:59: | 10.7% |
| 2PM | 14:00 to 14:59: | 8.9% |
| 3PM | 15:00 to 15:59: | 12.5% |
| 4PM | 16:00 to 16:59: | 3.6% |
| 5PM | 17:00 to 17:59: | 7.1% |
| 6PM | 18:00 to 18:59: | 3.6% |
| 7PM | 19:00 to 19:59: | 1.8% |
| 8PM | 20:00 to 20:59: | 8.9% |
| 9PM | 21:00 to 21:59: | 1.8% |
| 10PM | 22:00 to 22:59: | 1.8% |
| 11PM | 23:00 to 23:59: | 0% |
Nunavut Mortgage Originations Compared to all other Provinces and Territories
| Online Mortgage Origination for the Province or Territory of | Percentage in Comparison |
|---|---|
| Alberta: | 21767.9% |
| British Columbia: | 10741.1% |
| Manitoba: | 2069.6% |
| New Brunswick: | 2608.9% |
| Newfoundland and Labrador: | 1344.6% |
| Nova Scotia: | 3400.0% |
| Northwest Territories: | 505.4% |
| Nunavut: | 100.0% |
| Ontario: | 48862.5% |
| Prince Edward Island: | 525.0% |
| Quebec: | 4067.9% |
| Saskatchewan: | 5203.6% |
| Yukon: | 487.5% |
Top Producing Cities / Towns for Mortgages in Nunavut
| Rank | City or Town within Nunavut | Percentage of Inquiries | Avg Age | Average Income | Average Co-Income | Average Home Loan |
|---|---|---|---|---|---|---|
| 1 | IQALUIT, NU | 44.643% | 43 | $104,597 | $85,666 | $288,510 |
| 2 | RANKIN INLET, NU | 10.714% | 36 | $87,296 | $44,170 | $216,000 |
| 3 | GJOA HAVEN, NU | 8.929% | 44 | $87,000 | n/a | $143,600 |
| 4 | CAMBRIDGE BAY, NU | 7.143% | 37 | $83,015 | n/a | $400,000 |
| 5 | PANGNIRTUNG, NU | 5.357% | 50 | $75,333 | n/a | $53,949 |
| 6 | IGLOOLIK, NU | 5.357% | 34 | $85,524 | n/a | $187,500 |
| 7 | WHALE COVE, NU | 3.571% | 37 | $83,750 | n/a | $154,900 |
| 8 | CAPE DORSET, NU | 3.571% | 45 | $63,400 | n/a | $185,000 |
Types of Mortgage Inquiries Received from Nunavut
| Type of Mortgage Application Form Selected | Percentage of Inquiries | |
|---|---|---|
| No Money Down Mortgage (discontinued): | 23.2% | |
| Mortgage Pre-approval: | 21.4% | |
| New Home Purchase: | 17.9% | |
| Refinance / Debt Consolidation: | 16.1% | |
| First-time Home Buyer: | 12.5% | |
| Mortgage Renewal: | 5.4% | |
| Other: | 3.6% | |
| Total Application Types Found: 8 | ||
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 Canadians living in Nunavut who have applied for a loan using the online application located at the Mortgage Super Brokers' web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Nunavut: | $91,461.59 |
| applicants within all of Canada: | $60,852.54 |
| Difference: | $30,609.05 |
| mortgage co-applicants in Nunavut: | $60,530.06 |
| co-applicants within all of Canada: | $43,965.51 |
| Difference: | $16,564.55 |
- 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 |