Monday, 16 January 2017

January News and Rate Advisor

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

Current Discount Mortgage RatesJan 2017
Variable Rate2.25%
1 Year2.29%
2 Year2.29%
3 Year2.44%
4 Year2.59%
5 Year2.74%
7 Year3.19%
10 Year3.69%
Prime Rate2.70%


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


Current Posted Mortgage RatesJan 2017Jan 2016Jan 2015
1 Year3.14%3.14%3.14%
3 Year3.39%3.39%3.44%
5 Year4.64%4.64%4.79%
Source: Bank of Canada


Nationwide Building PermitsNov 2016Nov 2015Nov 2014
Residential$5,139,055,000$4,002,881,000$4,382,756,000
Commercial$2,625,521,000$2,214,399,000$2,218,621,000
Total$7,764,576,000$6,217,280,000$6,601,377,000
Source: Stats Canada - preliminary figures


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



Average House Prices by CityNov 2016Nov 2015Nov 2014
Yellowknife$423,222$423,788$205,500
Vancouver$895,084$930,652$801,450
Victoria$639,687$495,209$466,453
Edmonton$373,174$369,559$381,371
Calgary$468,659$444,959$462,031
Saskatoon$335,660$339,465$346,015
Regina$297,980$309,240$298,290
Toronto$776,684$632,685$577,936
Hamilton-Burlington$510,475$431,566$398,590
Ottawa-Carleton$379,343$363,117$358,196
Quebec City$259,562$262,765$265,825
Montreal$366,956$346,723$345,032
Fredericton$172,925$158,857$146,242
Saint John$168,865$175,829$191,082
Halifax-Dartmouth$282,700$296,205$266,362
Winnipeg$279,557$278,134$266,945
Source: CREA - Most Recent Month Reported


Average House Prices by ProvinceNov 2016Nov 2015Nov 2014
National$489,591$456,186$413,649
Yukon$289,312$343,942$242,694
Northwest Territories$423,222$423,788$205,500
British Columbia$625,871$668,317$574,694
Alberta$395,648$385,430$407,071
Saskatchewan$292,303$294,110$295,487
Manitoba$282,511$271,045$261,180
Ontario$571,696$471,224$433,561
Quebec$291,232$283,560$279,014
New Brunswick$158,295$155,127$160,766
Prince Edward Island$165,406$167,875$180,487
Nova Scotia$218,332$216,717$206,251
Newfoundland$265,395$271,918$273,177
Source: CREA - Most Recent Month Reported

Thursday, 4 August 2016

July News and Rate Advisor


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

Current Discount Mortgage RatesJul 2016
Variable Rate2.35%
1 Year2.29%
2 Year2.24%
3 Year2.29%
4 Year2.49%
5 Year2.49%
7 Year3.44%
10 Year3.84%
Prime Rate2.70%
* Rates subject to change and OAC.


Canadian Qualifying RateJul 2016
Rate4.74%
Source: Bank of Canada


Current Posted Mortgage RatesJul 2016Jul 2015Jul 2014
1 Year3.14%2.89%3.14%
3 Year3.39%3.39%3.75%
5 Year4.74%4.64%4.79%
Source: Bank of Canada


Nationwide Building PermitsMay 2016May 2015May 2014
Residential$4,339,934,000$3,941,034,000$4,172,131,000
Commercial$2,451,105,000$2,802,125,000$2,871,096,000
Total$6,791,039,000$6,743,159,000$7,043,227,000
Source: Stats Canada - preliminary figures


Current Bank of Canada Rate & Prime RatesJul 2016Jul 2015Jul 2014
Bank Rate0.50%0.75%1.25%
Prime Rate2.70%2.70%3.00%
Source: Bank of Canada



Average House Prices by CityMay 2016May 2015May 2014
Yellowknife$439,610$374,363$462,143
Vancouver$1,055,495$905,701$814,418
Victoria$585,994$527,770$496,378
Edmonton$382,695$381,111$371,871
Calgary$476,886$465,941$465,579
Saskatoon$338,153$345,907$338,195
Regina$326,656$320,393$317,662
Toronto$751,908$649,599$585,204
Hamilton-Burlington$497,792$447,019$406,007
Ottawa-Carleton$384,212$386,331$383,168
Quebec City$266,269$268,534$270,824
Montreal$354,533$338,685$335,937
Fredericton$208,115$179,674$196,656
Saint John$165,762$169,400$183,755
Halifax-Dartmouth$294,493$293,734$290,587
Winnipeg$290,063$287,587$287,026
Source: CREA - Most Recent Month Reported


Average House Prices by ProvinceMay 2016May 2015May 2014
National$509,460$450,886$416,584
Yukon$329,993$333,136$314,974
Northwest Territories$439,610$374,363$462,143
British Columbia$722,146$632,182$565,233
Alberta$402,751$405,105$405,294
Saskatchewan$297,303$304,356$301,409
Manitoba$283,058$279,729$279,668
Ontario$547,860$483,766$447,682
Quebec$285,171$276,937$276,919
New Brunswick$180,839$164,736$178,609
Prince Edward Island$172,581$167,391$177,533
Nova Scotia$232,597$244,608$215,298
Newfoundland$246,848$278,263$295,199
Source: CREA - Most Recent Month Reported



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Monday, 16 May 2016

May News and Rate Advisor



Courtesy of  Phil Romano, CPMB 905-516-1150

Certified Professional Mortgage Broker #M10002221
Verico House of Mortgage Experts
philromano@vhme.ca
www.philrom.com

Welcome to the May issue of the News & Rate Advisor.
Current Discount Mortgage RatesMay 2016
Variable Rate2.35%
1 Year2.29%
2 Year2.19%
3 Year2.29%
4 Year2.49%
5 Year2.64%
7 Year3.64%
10 Year3.84%
Prime Rate2.70%
Canadian Qualifying RateMay 2016
Rate4.64%
Source: Bank of Canada

Current Posted Mortgage RatesMay 2016May 2015May 2014
1 Year3.14%2.89%3.14%
3 Year3.39%3.39%3.75%
5 Year4.64%4.64%4.79%
Source: Bank of Canada

Nationwide Building PermitsMar 2016Mar 2015Mar 2014
Residential$4,416,588,000$4,418,463,000$3,672,691,000
Commercial$2,442,053,000$2,448,640,000$2,300,869,000
Total$6,858,641,000$6,867,103,000$5,973,560,000
Source: Stats Canada - preliminary figures

Current Bank of Canada Rate & Prime RatesMay 2016May 2015May 2014
Bank Rate0.75%1.00%1.25%
Prime Rate2.70%2.85%3.00%
Source: Bank of Canada


Average House Prices by CityMar 2016Mar 2015Mar 2014
Yellowknife$406,620$377,244$328,945
Vancouver$1,093,267$891,652$801,543
Victoria$575,858$508,807$493,323
Edmonton$379,524$373,005$361,870
Calgary$455,220$457,422$462,994
Saskatoon$336,425$337,982$344,600
Regina$307,609$300,148$328,781
Toronto$688,181$613,933$557,684
Hamilton-Burlington$486,008$443,706$410,553
Ottawa-Carleton$368,798$362,918$359,286
Quebec City$259,851$262,214$252,400
Montreal$336,138$331,216$320,558
Fredericton$177,441$175,632$175,007
Saint John$154,700$301,769$169,978
Halifax-Dartmouth$281,822$277,377$268,333
Winnipeg$287,692$281,269$278,527
Source: CREA - Most Recent Month Reported

Average House Prices by ProvinceMar 2016Mar 2015Mar 2014
National$508,567$439,144$401,419
Yukon$322,267$307,800$328,954
Northwest Territories$406,620$377,244$328,945
British Columbia$771,620$641,799$562,316
Alberta$392,145$398,856$402,933
Saskatchewan$297,823$292,847$304,428
Manitoba$277,202$272,344$269,865
Ontario$521,178$466,404$435,046
Quebec$274,616$270,245$264,197
New Brunswick$154,371$150,807$156,795
Prince Edward Island$194,094$165,693$174,311
Nova Scotia$223,520$226,613$213,336
Newfoundland$258,563$273,645$288,865
Source: CREA - Most Recent Month Reported



 "Always Striving to be your Trusted Mortgage Advisor!"


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Tuesday, 16 February 2016

February Rate Advisor



Courtesy of  Phil Romano, CPMB 905-516-1150

Certified Professional Mortgage Broker #M10002221
Verico House of Mortgage Experts

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

Current Discount Mortgage RatesFeb 2016
Variable Rate2.30%
1 Year2.29%
2 Year2.19%
3 Year2.24%
4 Year2.54%
5 Year2.94%
7 Year3.44%
10 Year3.84%
Prime Rate2.70%
* Rates subject to change and OAC.


Canadian Qualifying RateFeb 2016
Rate4.64%
Source: Bank of Canada


Current Posted Mortgage RatesFeb 2016Feb 2015Feb 2014
1 Year3.14%2.89%3.14%
3 Year3.39%3.39%3.75%
5 Year4.64%4.74%5.24%
Source: Bank of Canada


Nationwide Building PermitsDec 2015Dec 2014Dec 2013
Residential$4,653,518,000$4,414,127,000$3,643,632,000
Commercial$2,269,391,000$2,620,878,000$2,793,178,000
Total$6,922,909,000$7,035,005,000$6,436,810,000
Source: Stats Canada - preliminary figures


Current Bank of Canada Rate & Prime RatesFeb 2016Feb 2015Feb 2014
Bank Rate0.75%1.00%1.25%
Prime Rate2.70%2.85%3.00%
Source: Bank of Canada



Average House Prices by CityDec 2015Dec 2014Dec 2013
Yellowknife$327,707$302,100$444,817
Vancouver$980,974$819,384$785,574
Victoria$562,581$498,716$477,792
Edmonton$366,221$359,479$347,103
Calgary$451,297$452,968$439,389
Saskatoon$349,788$340,608$328,407
Regina$280,209$302,969$291,755
Toronto$609,110$556,602$520,398
Hamilton-Burlington$424,444$387,922$371,037
Ottawa-Carleton$359,777$349,479$341,793
Quebec City$267,352$265,819$261,123
Montreal$347,091$340,489$320,693
Fredericton$165,946$156,604$153,743
Saint John$152,762$175,840$190,728
Halifax-Dartmouth$283,075$270,945$269,797
Winnipeg$256,900$271,489$298,338
Source: CREA - Most Recent Month Reported


Average House Prices by ProvinceDec 2015Dec 2014Dec 2013
National$454,342$405,233$390,034
Yukon$340,083$285,447$361,867
Northwest Territories$327,707$302,100$444,817
British Columbia$700,943$585,718$568,419
Alberta$389,486$390,528$380,477
Saskatchewan$288,759$291,524$278,764
Manitoba$250,636$263,072$286,571
Ontario$450,512$417,767$395,698
Quebec$277,559$273,291$264,690
New Brunswick$154,176$155,078$160,867
Prince Edward Island$172,787$169,877$149,021
Nova Scotia$207,086$207,429$208,555
Newfoundland$267,093$273,769$289,279
Source: CREA - Most Recent Month Reported



 "Always Striving to be your Trusted Mortgage Advisor!"


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