Sunday, 15 April 2018

April News and Rate Advisor

Welcome to the April issue of the News & Rate Advisor.
Current Discount Mortgage Rates for Apr 2018
Conventional1 High Ratio2
Variable Rate 2.45% 2.41%
1 Year 2.99% 3.19%
3 Year 3.44% 3.39%
5 Year 3.49% 3.24%
Prime Rate 3.45% 3.45%
Canadian Qualifying Rate Apr 2018
Rate 5.14%
Source: Bank of Canada
Current Bank of Canada Rate & Prime Rates Apr 2018 Apr 2017 Apr 2016
Bank Rate 1.50% 0.75% 0.75%
Prime Rate 3.45% 2.70% 2.70%
Source: Bank of Canada

Nationwide Building Permits Feb 2018 Feb 2017 Feb 2016
Residential $5,295,916,000 $5,002,162,000 $4,212,864,000
Commercial $2,871,418,000 $2,429,048,000 $69,529,740,000
Total $8,167,334,000 $7,431,210,000 $73,742,604,000
Source: Stats Canada - preliminary figures
Average House Prices by Province Feb 2018 Feb 2017 Feb 2016
National $494,309 $519,521 $503,057
Yukon $347,545 $323,076 $312,640
Northwest Territories $407,036 $335,300 $348,997
British Columbia $748,149 $688,011 $779,419
Alberta $395,016 $389,943 $388,037
Saskatchewan $291,771 $280,384 $285,649
Manitoba $286,586 $288,263 $272,609
Ontario $569,340 $634,341 $511,967
Quebec $296,071 $280,333 $272,937
New Brunswick $169,023 $163,362 $149,942
Prince Edward Island $207,373 $212,033 $156,895
Nova Scotia $240,600 $209,889 $214,378
Newfoundland $247,606 $248,317 $267,311
Source: CREA - Most Recent Month Reported
Average House Prices by City Feb 2018 Feb 2017 Feb 2016
Yellowknife $407,036 $335,300 $348,997
Vancouver $1,071,800 $995,583 $1,104,133
Victoria $642,800 $642,204 $545,911
Edmonton $374,361 $359,468 $363,266
Calgary $428,500 $464,834 $453,175
Saskatoon $292,800 $326,714 $323,761
Regina $278,700 $300,874 $308,946
Toronto $751,700 $875,983 $685,278
Hamilton-Burlington $552,661 $556,630 $456,083
Ottawa-Carleton $373,200 $382,268 $356,180
Quebec City $262,221 $252,303 $260,012
Montreal $334,600 $348,635 $334,815
Fredericton $179,981 $161,590 $165,374
Saint John $171,596 $178,351 $154,408
Halifax-Dartmouth $315,723 $279,362 $266,869
Winnipeg $297,929 $288,097 $278,087
Source: CREA - Most Recent Month Reported




Thursday, 15 March 2018

March News and Rate Advisor

Welcome to the March issue of the News & Rate Advisor.
Current Discount Mortgage Rates for Mar 2018
Rate
Variable Rate 2.45%
1 Year 2.64%
3 Year 2.84%
5 Year 3.04%
Prime Rate 3.45%
Canadian Qualifying Rate Mar 2018
Rate 5.14%
Source: Bank of Canada
Current Bank of Canada Rate & Prime Rates Mar 2018 Mar 2017 Mar 2016
Bank Rate 1.50% 0.75% 0.75%
Prime Rate 3.45% 2.70% 2.70%
Source: Bank of Canada

Nationwide Building Permits Jan 2018 Jan 2017 Jan 2016
Residential $5,324,914,000 $5,092,960,000 $4,011,352,000
Commercial $3,088,836,000 $2,549,196,000 $2,385,097,000
Total $8,413,750,000 $7,642,156,000 $6,396,449,000
Source: Stats Canada - preliminary figures
Average House Prices by Province Jan 2018 Jan 2017 Jan 2016
National $481,562 $470,253 $470,297
Yukon $326,619 $333,353 $312,440
Northwest Territories $372,550 $341,890 $343,856
British Columbia $721,061 $621,093 $752,906
Alberta $380,230 $383,040 $371,620
Saskatchewan $287,086 $288,703 $288,177
Manitoba $270,303 $267,068 $264,007
Ontario $543,988 $556,631 $466,053
Quebec $293,646 $283,984 $269,635
New Brunswick $168,522 $161,656 $150,538
Prince Edward Island $222,533 $188,246 $165,916
Nova Scotia $224,551 $202,794 $205,047
Newfoundland $243,824 $240,860 $255,091
Source: CREA - Most Recent Month Reported
Average House Prices by City Jan 2018 Jan 2017 Jan 2016
Yellowknife $372,550 $341,890 $343,856
Vancouver $1,056,500 $878,242 $1,083,177
Victoria $633,400 $589,082 $524,361
Edmonton $359,134 $355,841 $339,714
Calgary $426,500 $451,242 $439,552
Saskatoon $293,300 $335,121 $344,639
Regina $279,400 $297,532 $309,154
Toronto $743,200 $770,745 $631,092
Hamilton-Burlington $531,610 $516,128 $451,130
Ottawa-Carleton $370,100 $379,369 $356,696
Quebec City $263,531 $259,509 $245,777
Montreal $330,500 $351,255 $337,894
Fredericton $175,873 $174,058 $165,633
Saint John $183,373 $164,126 $162,181
Halifax-Dartmouth $291,070 $265,237 $262,027
Winnipeg $280,439 $272,553 $273,154
Source: CREA - Most Recent Month Reported

Friday, 16 February 2018

February News and Rate Advisor

Welcome to the February issue of the News & Rate Advisor.
Current Discount Mortgage Rates for Feb 2018
Rate
Variable Rate 2.45%
1 Year 2.64%
3 Year 2.84%
5 Year 3.04%
Prime Rate 3.45%
Canadian Qualifying Rate Feb 2018
Rate 5.14%
Source: Bank of Canada
Current Bank of Canada Rate & Prime Rates Feb 2018 Feb 2017 Feb 2016
Bank Rate 1.50% 0.75% 0.75%
Prime Rate 3.45% 2.70% 2.70%
Source: Bank of Canada

Nationwide Building Permits Dec 2017 Dec 2016 Dec 2015
Residential $5,163,689,000 $4,937,251,000 $4,596,835,000
Commercial $2,895,203,000 $2,288,753,000 $2,473,950,000
Total $8,058,892,000 $7,226,004,000 $7,070,785,000
Source: Stats Canada - preliminary figures
Average House Prices by Province Dec 2017 Dec 2016 Dec 2015
National $469,532 $470,661 $454,342
Yukon $432,462 $355,550 $340,083
Northwest Territories $422,572 $451,414 $327,707
British Columbia $733,744 $654,699 $700,943
Alberta $380,316 $395,694 $389,486
Saskatchewan $283,548 $289,944 $288,759
Manitoba $278,913 $273,327 $250,636
Ontario $559,102 $535,969 $450,512
Quebec $298,780 $289,551 $277,559
New Brunswick $158,014 $159,478 $154,176
Prince Edward Island $197,040 $186,573 $172,787
Nova Scotia $241,055 $213,313 $207,086
Newfoundland $252,029 $251,461 $267,093
Source: CREA - Most Recent Month Reported
Average House Prices by City Dec 2017 Dec 2016 Dec 2015
Yellowknife $422,572 $451,414 $327,707
Vancouver $1,050,300 $948,246 $980,974
Victoria $625,800 $585,267 $562,581
Edmonton $357,126 $357,916 $366,221
Calgary $427,400 $480,188 $451,297
Saskatoon $295,100 $338,147 $349,788
Regina $282,900 $311,909 $280,209
Toronto $743,500 $730,472 $609,110
Hamilton-Burlington $529,774 $481,997 $424,444
Ottawa-Carleton $369,400 $388,411 $359,777
Quebec City $274,743 $261,317 $267,352
Montreal $330,900 $360,174 $347,091
Fredericton $175,531 $175,379 $165,946
Saint John $295,482 $158,439 $152,762
Halifax-Dartmouth $298,755 $274,142 $283,075
Winnipeg $289,155 $279,651 $256,900
Source: CREA - Most Recent Month Reported

Monday, 15 January 2018

January News and Rate Advisor

Welcome to the January issue of the News & Rate Advisor.
Current Discount Mortgage Rates for Jan 2018
Rate
Variable Rate 2.45%
1 Year 2.64%
3 Year 2.84%
5 Year 3.04%
Prime Rate 3.20%
Canadian Qualifying Rate Jan 2018
Rate 4.99%
Source: Bank of Canada
Current Bank of Canada Rate & Prime Rates Jan 2018 Jan 2017 Jan 2016
Bank Rate 1.25% 0.75% 0.75%
Prime Rate 3.20% 2.70% 2.70%
Source: Bank of Canada

Nationwide Building Permits Nov 2017 Nov 2016 Nov 2015
Residential $4,754,561,000 $5,097,630,000 $4,002,881,000
Commercial $2,902,782,000 $2,666,635,000 $2,214,399,000
Total $7,657,343,000 $7,764,265,000 $6,217,280,000
Source: Stats Canada - preliminary figures
Average House Prices by Province Nov 2017 Nov 2016 Nov 2015
National $503,852 $489,591 $456,186
Yukon $317,892 $289,312 $343,942
Northwest Territories $328,507 $423,222 $423,788
British Columbia $722,905 $625,871 $668,317
Alberta $385,030 $395,648 $385,430
Saskatchewan $289,810 $292,303 $294,110
Manitoba $286,221 $282,511 $271,045
Ontario $564,193 $571,696 $471,224
Quebec $305,470 $291,232 $283,560
New Brunswick $157,960 $158,295 $155,127
Prince Edward Island $204,577 $165,406 $167,875
Nova Scotia $229,123 $218,332 $216,717
Newfoundland $249,480 $265,395 $271,918
Source: CREA - Most Recent Month Reported
Average House Prices by City Nov 2017 Nov 2016 Nov 2015
Yellowknife $328,507 $423,222 $423,788
Vancouver $1,046,900 $895,084 $930,652
Victoria $621,900 $639,687 $495,209
Edmonton $370,397 $373,174 $369,559
Calgary $430,700 $468,659 $444,959
Saskatoon $296,700 $335,660 $339,465
Regina $284,100 $297,980 $309,240
Toronto $744,700 $776,684 $632,685
Hamilton-Burlington $531,021 $510,475 $431,566
Ottawa-Carleton $369,400 $379,343 $363,117
Quebec City $259,298 $259,562 $262,765
Montreal $330,500 $366,956 $346,723
Fredericton $172,006 $172,925 $158,857
Saint John $159,576 $168,865 $175,829
Halifax-Dartmouth $298,507 $282,700 $296,205
Winnipeg $293,856 $279,557 $278,134
Source: CREA - Most Recent Month Reported

Friday, 15 December 2017

December News and Rate Advisor

Welcome to the December issue of the News & Rate Advisor.
Current Discount Mortgage Rates for Dec 2017
Rate
Variable Rate 2.45%
1 Year 2.64%
3 Year 2.84%
5 Year 3.04%
Prime Rate 3.20%
Canadian Qualifying Rate Dec 2017
Rate 4.99%
Source: Bank of Canada
Current Bank of Canada Rate & Prime Rates Dec 2017 Dec 2016 Dec 2015
Bank Rate 1.25% 0.75% 0.75%
Prime Rate 3.20% 2.70% 2.70%
Source: Bank of Canada

Nationwide Building Permits Oct 2017 Oct 2016 Oct 2015
Residential $4,940,171,000 $5,220,944,000 $4,876,246,000
Commercial $3,284,486,000 $2,549,673,000 $2,881,587,000
Total $8,224,657,000 $7,770,617,000 $7,757,833,000
Source: Stats Canada - preliminary figures
Average House Prices by Province Oct 2017 Oct 2016 Oct 2015
National $481,922 $481,994 $454,976
Yukon $362,733 $313,723 $356,290
Northwest Territories $428,913 $308,310 $330,708
British Columbia $719,946 $606,787 $667,480
Alberta $395,429 $391,692 $384,381
Saskatchewan $280,330 $284,545 $292,949
Manitoba $284,952 $273,573 $264,739
Ontario $562,654 $561,896 $471,654
Quebec $307,745 $288,979 $275,701
New Brunswick $162,740 $160,651 $161,338
Prince Edward Island $217,182 $189,979 $163,236
Nova Scotia $227,245 $213,046 $207,657
Newfoundland $248,956 $254,207 $258,459
Source: CREA - Most Recent Month Reported
Average House Prices by City Oct 2017 Oct 2016 Oct 2015
Yellowknife $428,913 $308,310 $330,708
Vancouver $1,042,300 $891,705 $947,334
Victoria $620,400 $615,066 $543,459
Edmonton $370,484 $364,004 $371,756
Calgary $433,000 $450,279 $444,535
Saskatoon $299,900 $332,144 $342,553
Regina $289,000 $291,741 $316,025
Toronto $747,800 $762,975 $630,876
Hamilton-Burlington $527,991 $507,131 $436,562
Ottawa-Carleton $369,200 $366,639 $358,950
Quebec City $278,672 $269,925 $254,831
Montreal $329,300 $354,600 $339,436
Fredericton $169,754 $159,325 $176,788
Saint John $168,575 $178,673 $175,557
Halifax-Dartmouth $286,026 $279,611 $264,487
Winnipeg $294,843 $279,421 $271,759
Source: CREA - Most Recent Month Reported