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Inuvik Mortgage Information

Average Mortgage Loan in Inuvik: $218,990

Busy Days for Online Applications within Inuvik

The graph listed below displays the busy days for Internet applications that were received by Super Brokers. A combined total of all occurrences of each day are represented for the past 5 years. In Inuvik the busiest day of the week, with 25.93% of all submissions, is Tuesday. In comparison, Friday's are the slowest day with only 3.70% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Tuesday: 25.9%
2 Wednesday: 22.2%
3 Monday: 14.8%
4 Saturday: 14.8%
5 Sunday: 11.1%
6 Thursday: 7.4%
7 Friday: 3.7%
Busy Days Report for Inuvik Mortgages

Peak Hours for Mortgage Applicants within Inuvik

In Inuvik, mortgages are received 24 hours a day from the Super Brokers' web site. The statistics shown below indicates the peak hours in the day. The data is taken from all days of all years.

Peak Hours Graph for Mortgages in Inuvik
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 18.5%
1AM 01:00 to 01:59: 7.4%
2AM 02:00 to 02:59: 3.7%
3AM 03:00 to 03:59: 0%
4AM 04:00 to 04:59: 0%
5AM 05:00 to 05:59: 0%
6AM 06:00 to 06:59: 0%
7AM 07:00 to 07:59: 0%
8AM 08:00 to 08:59: 0%
9AM 09:00 to 09:59: 3.7%
10AM 10:00 to 10:59: 0%
11AM 11:00 to 11:59: 11.1%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 3.7%
1PM 13:00 to 13:59: 3.7%
2PM 14:00 to 14:59: 7.4%
3PM 15:00 to 15:59: 7.4%
4PM 16:00 to 16:59: 0%
5PM 17:00 to 17:59: 7.4%
6PM 18:00 to 18:59: 0%
7PM 19:00 to 19:59: 3.7%
8PM 20:00 to 20:59: 3.7%
9PM 21:00 to 21:59: 3.7%
10PM 22:00 to 22:59: 7.4%
11PM 23:00 to 23:59: 7.4%

Northwest Territories Mortgage Originations Compared to all other Provinces and Territories

Online Mortgage Origination for the Province or Territory of Percentage of Applications
Alberta: 21.07%
British Columbia: 10.40%
Manitoba: 2.00%
New Brunswick: 2.53%
Newfoundland and Labrador: 1.30%
Nova Scotia: 3.29%
Northwest Territories: 0.49%
Nunavut: 0.10%
Ontario: 47.31%
Prince Edward Island: 0.51%
Quebec: 3.94%
Saskatchewan: 5.04%
Yukon: 0.47%

How Inuvik Ranks in Northwest Territories for Mortgage Business

The following table lists how Inuvik 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
2INUVIK, NT 0.047%
3HAY RIVER, NT 0.043%
4FORT SMITH, NT 0.016%
5BEHCHOKO, NT 0.010%

Types of Mortgage Inquiries Received from Inuvik

Type of Mortgage Application Form Selected  Percentage
of Inquiries
First-time Home Buyer: 25.9%
Mortgage Pre-approval: 18.5%
New Home Purchase: 14.8%
No Money Down Mortgage (discontinued): 14.8%
Mortgage Renewal: 7.4%
Refinance / Debt Consolidation: 7.4%
Commercial: 7.4%
Other: 3.7%
Total Application Types Found: 8

Age Demographics for Inuvik Based Mortgages

Average age: 43
Oldest age: 59
Youngest age: 27

Incomes for Inuvik Based Mortgages

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

Average annual gross income for
mortgage applicants in Inuvik: $88,504.21
applicants within all of Canada: $60,852.54
Difference: $27,651.67
mortgage co-applicants in Inuvik: $48,826.00
co-applicants within all of Canada: $43,965.51
Difference: $4,860.49

Since the average income of Inuvik is substantially higher than the national average, we have included the MEDIAN annual gross income for this town. 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 Inuvik: $81,500.00
applicants within all of Canada: $60,852.54
Difference: $20,647.46

Note: Commercial Mortgages were not included for this report, only residential mortgage loans from Inuvik, Northwest Territories were used.

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