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Gjoa Haven Mortgage Information

Average Mortgage Loan in Gjoa Haven: $143,600

How Gjoa Haven Ranks in Nunavut for Mortgage Business

The following table lists how Gjoa Haven 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
1IQALUIT, NU 0.043%
3GJOA HAVEN, NU 0.009%
6IGLOOLIK, NU 0.005%
7WHALE COVE, NU 0.003%

Types of Mortgage Inquiries Received from Gjoa Haven

Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 40.0%
Equity Mortgage: 20.0%
Refinance / Debt Consolidation: 20.0%
First-time Home Buyer: 20.0%
Total Application Types Found: 4

Age Demographics for Gjoa Haven Mortgage Applicants

Average age: 44
Oldest age: 47
Youngest age: 39

Incomes for Gjoa Haven Mortgage Applicants

The following depicts the average income of people living in Gjoa Haven 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 Gjoa Haven: $87,000.00
applicants within all of Canada: $60,852.54
Difference: $26,147.46

Since the average income of Gjoa Haven is much higher than our 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 Gjoa Haven: $79,000.00
applicants within all of Canada: $60,852.54
Difference: $18,147.46

Note: Commercial loan amounts were not included for this survey, only residential loans amounts from Gjoa Haven, Nunavut were used.

Last mortgage report update for Gjoa Haven: Friday, July 1, 2016
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