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Nunavut 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%.

Busy Months Report for Nunavut Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage 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%
RankMonth 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%
Busy Days Report for Nunavut Mortgages

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.


Peak Hours Graph for Mortgages in Nunavut
TimePeriod (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%
TimePeriod (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
1IQALUIT, NU 44.643% 43 $104,597 $85,666 $288,510
2RANKIN INLET, NU 10.714% 36 $87,296 $44,170 $216,000
3GJOA HAVEN, NU 8.929% 44 $87,000 n/a $143,600
4CAMBRIDGE BAY, NU 7.143% 37 $83,015 n/a $400,000
5PANGNIRTUNG, NU 5.357% 50 $75,333 n/a $53,949
6IGLOOLIK, NU 5.357% 34 $85,524 n/a $187,500
7WHALE COVE, NU 3.571% 37 $83,750 n/a $154,900
8CAPE 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

Note: Commercial loans were not included for this survey, only residential mortgages from Nunavut were used.

Last mortgage report update for Nunavut: Friday, July 1, 2016
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