Northwest Territories Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
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Disclaimer:
CanEquity Mortgage has compiled the following data for educational and informational purposes as outlined in our privacy policy. All names, street and e-mail addresses, telephone numbers, dates of birth, and other forms of identification have been removed before the following data was compiled. These statistics are anonymous and contain no personal information, and cannot be used to gather such information.
The statistics gathered are from CanEquity’s web site and do not include inquiries via fax, e-mail, contact forms, phone-ins or walk-ins. The statistics gathered represent the growing Internet usage and mortgage trends found within Canada.
All information, charts and graphs represented are deemed accurate and reliable but no warranty or guarantee is implied. Data may be noticeably affected from time to time by changes in CanEquity Mortgage marketing efforts. Data may also be affected by Internet connectivity, outages and service (or lack of) to areas within Canada. The range of data collected is from 30,000 to 60,000 mortgage applicants from across Canada. All data has a deviation of +/- 1.00% for added anonymity. No statistic contained herein represents a single person.
This information may be used freely for educational or non-commercial use. For more information about this service, please e-mail marketing@canequity.com. Copyright © 2001-2008 CEG Research, The Canadian Equity Group Inc.
| Year | Volume Comparison | ** National Contribution |
|---|---|---|
| 2008: | * 14.89% | * 0.04% |
| 2007: | 21.28% | 0.06% |
| 2006: | 22.34% | 0.07% |
| 2005: | 14.89% | 0.04% |
| 2004: | 7.45% | 0.02% |
| 2003: | 10.64% | 0.03% |
| 2002: | 8.51% | 0.03% |
The bar graph below represents the volumes of online mortgage applications received by CanEquity in each month for all years combined. The busiest months for mortgages occur during our second quarter (represented by the green bars) with 31.91% while our slowest is the fourth quarter (represented by the red bars) with 17.02%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | March: | 16.0% | |
| 2: | May: | 13.8% | |
| 3: | August: | 10.6% | |
| 4: | April: | 9.6% | |
| 5: | October: | 9.6% | |
| 6: | September: | 9.6% | |
| 7: | June: | 8.5% | |
| 8: | January: | 6.4% | |
| 9: | February: | 5.3% | |
| 10: | December: | 4.3% | |
| 11: | November: | 3.2% | |
| 12: | July: | 3.2% |
The graph listed below displays the busy days for online mortgage applications that were received by our web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In Northwest Territories, the day with the most volume, having more than 19.15% of all applications, is Monday. In comparison, Saturday's are the slowest day with only 9.57% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 19.1% | |
| 2: | Wednesday: | 19.1% | |
| 3: | Tuesday: | 17.0% | |
| 4: | Friday: | 12.8% | |
| 5: | Thursday: | 11.7% | |
| 6: | Sunday: | 10.6% | |
| 7: | Saturday: | 9.6% |
Mortgage inquiries are received 24 hours a day on the CanEquity web site. The graph shown below represents the busy hours within a 24-hour period. The data is taken from all days of all years. Only 0.0% of all mortgages are received during the morning, while 63.8% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 3.2% |
| 01:00 to 01:59: | 3.2% |
| 02:00 to 02:59: | 1.1% |
| 05:00 to 05:59: | 1.1% |
| 08:00 to 08:59: | 1.1% |
| 09:00 to 09:59: | 6.4% |
| 10:00 to 10:59: | 5.3% |
| 11:00 to 11:59: | 6.4% |
| 12:00 to 12:59: | 8.5% |
| 13:00 to 13:59: | 6.4% |
| 14:00 to 14:59: | 7.4% |
| 15:00 to 15:59: | 9.6% |
| 16:00 to 16:59: | 9.6% |
| 17:00 to 17:59: | 2.1% |
| 18:00 to 18:59: | 2.1% |
| 19:00 to 19:59: | 2.1% |
| 20:00 to 20:59: | 5.3% |
| 21:00 to 21:59: | 7.4% |
| 22:00 to 22:59: | 8.5% |
| 23:00 to 23:59: | 3.2% |
| Online Mortgage Origination for the Province of | Percentage in Comparison |
|---|---|
| Alberta: | 7121.3% |
| British Columbia: | 3840.4% |
| Manitoba: | 705.3% |
| New Brunswick: | 691.5% |
| Newfoundland and Labrador: | 392.6% |
| Nova Scotia: | 953.2% |
| Northwest Territories: | 100.0% |
| Nunavut: | 29.8% |
| Ontario: | 16454.3% |
| Prince Edward Island: | 126.6% |
| Quebec: | 1279.8% |
| Saskatchewan: | 1866.0% |
| Yukon Territories: | 74.5% |
| City or Town within the province of Northwest Territories | Percentage of Inquiries | Average Age | Average Income | Average Co-Income | Average Home Loan | |
|---|---|---|---|---|---|---|
| 001: | YELLOWKNIFE, NT | 54.255% | 36 | $64,398.90 | $48,441.13 | $173,221.07 |
| 002: | INUVIK, NT | 15.957% | 41 | $82,028.21 | $48,826.00 | $220,600.00 |
| 003: | HAY RIVER, NT | 14.894% | 34 | $59,513.43 | $56,200.00 | $145,272.73 |
| 004: | FORT SMITH, NT | 4.255% | 40 | $79,880.50 | n/a | $92,250.00 |
| 005: | BEHCHOKO, NT | 2.128% | 32 | $90,000.00 | n/a | $129,950.00 |
| 006: | FORT SIMPSON, NT | 2.128% | 53 | $69,500.00 | n/a | $210,000.00 |
| 007: | NORMAN WELLS, NT | 2.128% | 48 | $112,500.00 | n/a | $226,250.00 |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| First-time Buyer: | 34.0% | |
| Qualification: | 23.4% | |
| No Money Down: | 16.0% | |
| Refinance: | 12.8% | |
| Renewal: | 7.4% | |
| Purchase: | 2.1% | |
| Pre-approval: | 1.1% | |
| Second Mortgage: | 1.1% | |
| Home Renovation: | 1.1% | |
| Investment: | 1.1% | |
| Total Application Types Found: 10 | ||
Average age: 38
Oldest age: 62
Youngest age: 24
The figures below represent the average income of Canadians living in Northwest Territories who have submitted an inquiry using the pre-approval application on the CanEquity Mortgage web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Northwest Territories: | $69,089.51 |
| applicants within all of Canada: | $56,649.93 |
| Difference: | $12,439.58 |
| mortgage co-applicants in Northwest Territories: | $49,618.78 |
| co-applicants within all of Canada: | $39,630.33 |
| Difference: | $9,988.44 |
The information below represents the residential status of people living in Northwest Territories who have submitted an inquiry using CanEquity's preapproval application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 57.4% | |
| Own: | 28.7% | |
| Other: | 7.4% | |
| No Comment: | 5.3% | |
| Live with parents: | 1.1% |
The following pie chart represents the marital status of applicants from Northwest Territories using the online mortgage application located at canequity.com. 69% of the mortgage applicants are living with someone, while only 30% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 48.9% | |
| Single: | 29.8% | |
| Common-law: | 20.2% | |
| Divorced: | 1.1% |
