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Cambridge Bay Mortgage Information

Average Mortgage Loan in Cambridge Bay: $400,000

How Cambridge Bay Ranks in Nunavut for Mortgage Business

The following table lists how Cambridge Bay 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%
2RANKIN INLET, NU 0.010%
3GJOA HAVEN, NU 0.009%
4CAMBRIDGE BAY, NU 0.007%
5PANGNIRTUNG, NU 0.005%
6IGLOOLIK, NU 0.005%
7WHALE COVE, NU 0.003%
8CAPE DORSET, NU 0.003%

Types of Mortgage Inquiries Received from Cambridge Bay


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 50.0%
New Home Purchase: 25.0%
First-time Home Buyer: 25.0%
 
Total Application Types Found: 3

Age Demographics for Cambridge Bay Originated Mortgages

Average age: 37
Oldest age: 50
Youngest age: 25


Incomes for Cambridge Bay Originated Mortgages

The figures below represent the average income of applicants living in Cambridge Bay who have submitted a mortgage inquiry using the online application located at the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Cambridge Bay: $83,015.00
applicants within all of Canada: $60,852.54
Difference: $22,162.46
  

Since the average income of Cambridge Bay is notability higher than our Canadian national average, we have included the MEDIAN annual gross income for this location. 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 Cambridge Bay: $85,484.00
applicants within all of Canada: $60,852.54
Difference: $24,631.46

Note: Commercial Mortgage loans were not included for this survey, only home loans from Cambridge Bay, Nunavut were used.

Last mortgage report update for Cambridge Bay: Friday, July 1, 2016
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