Thursday, 15 June 2017

June News and Rate Advisor

Welcome to the June issue of the News & Rate Advisor.

Current Discount Mortgage Rates for Jun 2017Rate
Variable Rate2.30%
1 Year2.29%
3 Year2.44%
5 Year2.69%
Prime Rate2.70%


Canadian Qualifying RateJun 2017
Rate4.64%
Source: Bank of Canada


Current Bank of Canada Rate & Prime RatesJun 2017Jun 2016Jun 2015
Bank Rate0.75%0.75%1.00%
Prime Rate2.70%2.70%2.85%
Source: Bank of Canada



Nationwide Building PermitsApr 2017Apr 2016Apr 2015
Residential$4,474,425,000$4,386,492,000$4,539,491,000
Commercial$2,582,341,000$2,533,722,000$3,296,020,000
Total$7,056,766,000$6,920,214,000$7,835,511,000
Source: Stats Canada - preliminary figures


Average House Prices by ProvinceApr 2017Apr 2016Apr 2015
National$559,317$508,097$488,862
Yukon$369,162$357,965$361,753
Northwest Territories$391,750$391,229$457,465
British Columbia$728,955$743,640$634,744
Alberta$406,318$393,285$397,811
Saskatchewan$300,719$299,694$304,433
Manitoba$294,548$278,862$284,320
Ontario$668,589$540,608$481,090
Quebec$291,809$276,219$272,802
New Brunswick$173,410$166,267$165,622
Prince Edward Island$184,838$176,886$170,396
Nova Scotia$241,474$223,958$213,633
Newfoundland$254,131$255,237$276,760
Source: CREA - Most Recent Month Reported

Average House Prices by CityApr 2017Apr 2016Apr 2015
Yellowknife$391,750$391,229$457,465
Vancouver$1,056,136$1,091,767$899,178
Victoria$629,040$606,554$520,975
Edmonton$377,774$377,283$377,270
Calgary$475,516$460,114$455,155
Saskatoon$346,486$336,708$336,062
Regina$316,978$317,098$335,534
Toronto$920,791$739,082$635,932
Hamilton-Burlington$611,090$514,746$448,007
Ottawa-Carleton$409,838$381,699$382,960
Quebec City$265,833$267,727$272,159
Montreal$364,373$337,015$333,943
Fredericton$190,314$183,605$199,859
Saint John$172,547$168,826$161,326
Halifax-Dartmouth$306,240$283,845$280,529
Winnipeg$302,983$289,384$292,456
Source: CREA - Most Recent Month Reported

Monday, 15 May 2017

May News & Rate Advisor

Welcome to the May issue of the News & Rate Advisor.

Current Discount Mortgage Rates for May 2017Rate
Variable Rate2.30%
1 Year2.29%
3 Year2.44%
5 Year2.69%
Prime Rate2.70%


Canadian Qualifying RateMay 2017
Rate4.64%
Source: Bank of Canada


Current Bank of Canada Rate & Prime RatesMay 2017May 2016May 2015
Bank Rate0.75%0.75%1.00%
Prime Rate2.70%2.70%2.85%
Source: Bank of Canada



Nationwide Building PermitsMar 2017Mar 2016Mar 2015
Residential$4,583,975,000$4,425,639,000$4,418,463,000
Commercial$2,417,659,000$2,486,166,000$2,448,640,000
Total$7,001,634,000$6,911,805,000$6,867,103,000
Source: Stats Canada - preliminary figures


Average House Prices by ProvinceMar 2017Mar 2016Mar 2015
National$548,517$508,567$439,144
Yukon$352,774$322,267$307,800
Northwest Territories$394,677$406,620$377,244
British Columbia$690,597$771,620$641,799
Alberta$404,804$392,145$398,856
Saskatchewan$294,787$297,823$292,847
Manitoba$289,503$277,202$272,344
Ontario$672,584$521,178$466,404
Quebec$288,691$274,616$270,245
New Brunswick$162,099$154,371$150,807
Prince Edward Island$187,977$194,094$165,693
Nova Scotia$222,411$223,520$226,613
Newfoundland$251,555$258,563$273,645
Source: CREA - Most Recent Month Reported

Average House Prices by CityMar 2017Mar 2016Mar 2015
Yellowknife$394,677$406,620$377,244
Vancouver$991,690$1,093,267$891,652
Victoria$640,802$575,858$508,807
Edmonton$371,680$379,524$373,005
Calgary$472,491$455,220$457,422
Saskatoon$343,112$336,425$337,982
Regina$316,341$307,609$300,148
Toronto$916,567$688,181$613,933
Hamilton-Burlington$607,846$486,008$443,706
Ottawa-Carleton$388,400$368,798$362,918
Quebec City$256,929$259,851$262,214
Montreal$359,708$336,138$331,216
Fredericton$182,850$177,441$175,632
Saint John$166,430$154,700$301,769
Halifax-Dartmouth$294,246$281,822$277,377
Winnipeg$298,329$287,692$281,269
Source: CREA - Most Recent Month Reported

Saturday, 15 April 2017

April News and Rate Advisor

Welcome to the April issue of the News & Rate Advisor.

Current Discount Mortgage Rates for Apr 2017Rate
Variable Rate2.30%
1 Year2.29%
3 Year2.44%
5 Year2.69%
Prime Rate2.70%


Canadian Qualifying RateApr 2017
Rate4.64%
Source: Bank of Canada


Current Bank of Canada Rate & Prime RatesApr 2017Apr 2016Apr 2015
Bank Rate0.75%0.75%1.00%
Prime Rate2.70%2.70%2.85%
Source: Bank of Canada



Nationwide Building PermitsFeb 2017Feb 2016Feb 2015
Residential$5,014,795,000$5,014,795,000$4,212,864,000
Commercial$2,435,250,000$2,435,250,000$69,529,740,000
Total$7,450,045,000$7,450,045,000$73,742,604,000
Source: Stats Canada - preliminary figures


Average House Prices by ProvinceFeb 2017Feb 2016Feb 2015
National$519,521$503,057$431,812
Yukon$323,076$312,640$300,846
Northwest Territories$335,300$348,997$296,200
British Columbia$688,011$779,419$639,405
Alberta$389,943$388,037$385,804
Saskatchewan$280,384$285,649$298,574
Manitoba$288,263$272,609$262,441
Ontario$634,341$511,967$453,646
Quebec$280,333$272,937$267,054
New Brunswick$163,362$149,942$169,840
Prince Edward Island$212,033$156,895$164,774
Nova Scotia$209,889$214,378$217,881
Newfoundland$248,317$267,311$282,350
Source: CREA - Most Recent Month Reported


Average House Prices by CityFeb 2017Feb 2016Feb 2015
Yellowknife$335,300$348,997$296,200
Vancouver$995,583$1,104,133$879,069
Victoria$642,204$545,911$490,377
Edmonton$359,468$363,266$362,432
Calgary$464,834$453,175$443,744
Saskatoon$326,714$323,761$354,400
Regina$300,874$308,946$303,355
Toronto$875,983$685,278$596,163
Hamilton-Burlington$556,630$456,083$437,386
Ottawa-Carleton$382,268$356,180$359,759
Quebec City$252,303$260,012$255,698
Montreal$348,635$334,815$328,862
Fredericton$161,590$165,374$180,394
Saint John$178,351$154,408$171,269
Halifax-Dartmouth$279,362$266,869$280,035
Winnipeg$288,097$278,087$266,837
Source: CREA - Most Recent Month Reported

Friday, 17 March 2017

March News and Rate Advisor

Welcome to the March issue of the News & Rate Advisor.

Current Discount Mortgage Rates for Mar 2017Rate
Variable Rate2.30%
1 Year2.29%
3 Year2.44%
5 Year2.64%
Prime Rate2.70%


Canadian Qualifying RateMar 2017
Rate4.64%
Source: Bank of Canada


Current Bank of Canada Rate & Prime RatesMar 2017Mar 2016Mar 2015
Bank Rate0.75%0.75%1.00%
Prime Rate2.70%2.70%2.85%
Source: Bank of Canada



Nationwide Building PermitsJan 2017Jan 2016Jan 2015
Residential$5,069,529,000$4,011,352,000$4,056,063,000
Commercial$2,545,973,000$2,385,097,000$2,111,941,000
Total$7,615,502,000$6,396,449,000$6,168,004,000
Source: Stats Canada - preliminary figures


Average House Prices by ProvinceJan 2017Jan 2016Jan 2015
National$470,253$470,297$401,143
Yukon$333,353$312,440$268,615
Northwest Territories$341,890$343,856$268,910
British Columbia$621,093$752,906$593,155
Alberta$383,040$371,620$381,757
Saskatchewan$288,703$288,177$294,885
Manitoba$267,068$264,007$252,434
Ontario$556,631$466,053$417,723
Quebec$283,984$269,635$263,714
New Brunswick$161,656$150,538$145,592
Prince Edward Island$188,246$165,916$159,448
Nova Scotia$202,794$205,047$205,589
Newfoundland$240,860$255,091$283,043
Source: CREA - Most Recent Month Reported


Average House Prices by CityJan 2017Jan 2016Jan 2015
Yellowknife$341,890$343,856$268,910
Vancouver$878,242$1,083,177$827,558
Victoria$589,082$524,361$470,693
Edmonton$355,841$339,714$362,394
Calgary$451,242$439,552$437,908
Saskatoon$335,121$344,639$346,536
Regina$297,532$309,154$294,488
Toronto$770,745$631,092$552,575
Hamilton-Burlington$516,128$451,130$417,700
Ottawa-Carleton$379,369$356,696$349,672
Quebec City$259,509$245,777$257,952
Montreal$351,255$337,894$324,210
Fredericton$174,058$165,633$164,370
Saint John$164,126$162,181$143,466
Halifax-Dartmouth$265,237$262,027$270,120
Winnipeg$272,553$273,154$261,612
Source: CREA - Most Recent Month Reported