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Fort Simpson Mortgage Information

Average Mortgage Loan in Fort Simpson: $242,500

How Fort Simpson Ranks in Northwest Territories for Mortgage Business

The following table lists how Fort Simpson ranks for mortgage applications sent to our website. The data collected is over a 7-year time frame. A location has to have a minimum of three applications to make the list. To find more information, simply click on a location.

RankLocation Contribution
1YELLOWKNIFE, NT 0.334%
2INUVIK, NT 0.047%
3HAY RIVER, NT 0.043%
4FORT SMITH, NT 0.016%
5BEHCHOKO, NT 0.010%
6FORT SIMPSON, NT 0.010%
7NORMAN WELLS, NT 0.007%
8TUKTOYAKTUK, NT 0.005%
9WHATI, NT 0.005%

Types of Mortgage Inquiries Received from Fort Simpson


Type of Mortgage Application Form Selected  Percentage
of Inquiries
New Home Purchase: 50.0%
Mortgage Pre-approval: 16.7%
No Money Down Mortgage (discontinued): 16.7%
First-time Home Buyer: 16.7%
 
Total Application Types Found: 4

Age Demographics for Fort Simpson Mortgages

Average age: 40
Oldest age: 55
Youngest age: 26


Incomes for Fort Simpson Mortgages

The figures below represent the average income of applicants living in Fort Simpson who have submitted an inquiry using the Super Brokers' mortgage application.

Average annual gross income for
mortgage applicants in Fort Simpson: $82,083.33
applicants within all of Canada: $60,852.54
Difference: $21,230.79
  

Since the average income of Fort Simpson is substantially higher than our Canadian national average, we have included the MEDIAN annual gross income for this area. A reason for such a high average is usually due to a high income that is just under our cut-off of acceptable incomes of <$500,000. In rare cases, some applicants may have entered an extra digit (ie. 400000 instead of 40000), which will also sway the averages in smaller areas. In such a case, we will correct the data accordingly.

Median annual gross income for
mortgage applicants in Fort Simpson: $79,750.00
applicants within all of Canada: $60,852.54
Difference: $18,897.46

Note: Commercial loans were not included for this survey, only residential loans amounts from Fort Simpson, Northwest Territories were used.

Last mortgage report update for Fort Simpson: Friday, July 1, 2016
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