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Yellowknife Mortgage Information

Average Mortgage Loan in Yellowknife: $285,151

Busy Months for Applications within Yellowknife

The following bar graph shows the volumes of online applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Yellowknife occur during our second quarter (represented by the green bars) with 33.16% while our slowest is the fourth quarter (represented by the red bars) with 20.21%.

Busy Months Report for Yellowknife Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 April: 12.4%
2 August: 12.4%
3 May: 11.4%
4 March: 10.9%
5 November: 9.3%
6 June: 9.3%
RankMonth Percentage of Applications
7 October: 7.3%
8 July: 6.7%
9 September: 6.2%
10 February: 5.7%
11 January: 4.7%
12 December: 3.6%

Busy Days for Mortgages within Yellowknife

The information listed below shows the busy days for online inquiries that were received by Super Brokers' web site. A combined total of all occurrences of each day are represented for the past 5 years. In Yellowknife, the day with the most volume, having more than 17.10% of all inquiries, is Saturday. In comparison, Thursday's are the slowest day with only 10.36% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Saturday: 17.1%
2 Monday: 16.6%
3 Sunday: 16.6%
4 Wednesday: 16.1%
5 Tuesday: 12.4%
6 Friday: 10.9%
7 Thursday: 10.4%
Busy Days Report for Yellowknife Mortgages

Peak Hours for Mortgage Applicants within Yellowknife

Applications are received 24 hours a day on the Mortgage Super Brokers web site. The following represents the busy hours within a 24-hour period. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Yellowknife
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 2.6%
1AM 01:00 to 01:59: 0.5%
2AM 02:00 to 02:59: 0.5%
3AM 03:00 to 03:59: 1.0%
4AM 04:00 to 04:59: 0.5%
5AM 05:00 to 05:59: 0%
6AM 06:00 to 06:59: 0.5%
7AM 07:00 to 07:59: 0.5%
8AM 08:00 to 08:59: 2.6%
9AM 09:00 to 09:59: 4.1%
10AM 10:00 to 10:59: 7.8%
11AM 11:00 to 11:59: 6.2%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 7.8%
1PM 13:00 to 13:59: 8.3%
2PM 14:00 to 14:59: 5.2%
3PM 15:00 to 15:59: 8.8%
4PM 16:00 to 16:59: 7.8%
5PM 17:00 to 17:59: 4.7%
6PM 18:00 to 18:59: 3.1%
7PM 19:00 to 19:59: 3.6%
8PM 20:00 to 20:59: 7.8%
9PM 21:00 to 21:59: 5.2%
10PM 22:00 to 22:59: 6.2%
11PM 23:00 to 23:59: 4.7%

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 Yellowknife Ranks in Northwest Territories for Mortgage Business

The following table lists how Yellowknife 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%

Types of Mortgage Inquiries Received from Yellowknife


Type of Mortgage Application Form Selected  Percentage
of Inquiries
New Home Purchase: 37.8%
Mortgage Pre-approval: 20.2%
First-time Home Buyer: 19.2%
No Money Down Mortgage (discontinued): 9.3%
Refinance / Debt Consolidation: 6.2%
Other: 7.2%
 
Total Application Types Found: 12

Age Demographics for Yellowknife Mortgage Applicants

Average age: 35
Oldest age: 64
Youngest age: 20


Incomes for Yellowknife Mortgage Applicants

The amounts below are the average income of Canadians living in Yellowknife who have submitted a mortgage inquiry using Mortgage Super Brokers' pre-approval application.

Average annual gross income for
mortgage applicants in Yellowknife: $75,055.25
applicants within all of Canada: $60,852.54
Difference: $14,202.70
  
mortgage co-applicants in Yellowknife: $66,993.36
co-applicants within all of Canada: $43,965.51
Difference: $23,027.85

Note: Commercial Mortgage loans were not included for this survey, only residential loans from Yellowknife, Northwest Territories were used.

Nearest Settlements


1Behchoko, NT


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