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

Wednesday, 15 November 2017

November News and Rate Advisor

Welcome to the November issue of the News & Rate Advisor.
Current Discount Mortgage Rates for Nov 2017
Conventional1 High Ratio2
Variable Rate 2.65% 2.40%
1 Year 2.94% 2.94%
3 Year 3.19% 3.04%
5 Year 3.09% 3.04%
Prime Rate 3.20% 3.20%
Canadian Qualifying Rate Nov 2017
Rate 4.99%
Source: Bank of Canada
Current Bank of Canada Rate & Prime Rates Nov 2017 Nov 2016 Nov 2015
Bank Rate 1.25% 0.75% 0.75%
Prime Rate 3.20% 2.70% 2.70%
Source: Bank of Canada

Nationwide Building Permits Sep 2017 Sep 2016 Sep 2015
Residential $4,804,802,000 $4,787,229,000 $4,191,832,000
Commercial $3,056,680,000 $2,244,709,000 $2,869,735,000
Total $7,861,482,000 $7,031,938,000 $7,061,567,000
Source: Stats Canada - preliminary figures
Average House Prices by Province Sep 2017 Sep 2016 Sep 2015
National $487,095 $474,590 $433,649
Yukon $331,440 $335,446 $344,790
Northwest Territories $386,125 $402,761 $402,089
British Columbia $693,568 $585,844 $605,258
Alberta $390,485 $396,646 $381,758
Saskatchewan $284,625 $294,801 $281,982
Manitoba $280,026 $276,646 $264,534
Ontario $547,389 $550,305 $458,483
Quebec $298,115 $292,839 $281,896
New Brunswick $159,462 $157,794 $159,756
Prince Edward Island $188,458 $167,342 $146,079
Nova Scotia $215,209 $233,828 $245,777
Newfoundland $252,265 $245,751 $274,840
Source: CREA - Most Recent Month Reported
Average House Prices by City Sep 2017 Sep 2016 Sep 2015
Yellowknife $386,125 $402,761 $402,089
Vancouver $1,037,300 $864,566 $857,015
Victoria $620,700 $598,740 $507,560
Edmonton $370,252 $373,926 $368,874
Calgary $435,400 $469,818 $443,768
Saskatoon $326,700 $343,306 $324,410
Regina $320,000 $308,824 $303,025
Toronto $750,800 $755,755 $627,395
Hamilton-Burlington $543,927 $519,171 $449,233
Ottawa-Carleton $367,500 $360,786 $366,145
Quebec City $264,406 $264,652 $267,940
Montreal $327,600 $364,699 $343,452
Fredericton $169,036 $159,370 $175,982
Saint John $174,665 $179,350 $149,591
Halifax-Dartmouth $272,491 $307,239 $286,698
Winnipeg $288,334 $284,799 $274,541
Source: CREA - Most Recent Month Reported





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Sunday, 15 October 2017

October News and Rate Advisor

Welcome to the October issue of the News & Rate Advisor.
Current Discount Mortgage Rates for Oct 2017
Rate
Variable Rate 2.45%
1 Year 2.64%
3 Year 2.84%
5 Year 3.09%
Prime Rate 3.20%
Canadian Qualifying Rate Oct 2017
Rate 4.89%
Source: Bank of Canada
Current Bank of Canada Rate & Prime Rates Oct 2017 Oct 2016 Oct 2015
Bank Rate 1.25% 0.75% 0.75%
Prime Rate 3.20% 2.70% 2.70%
Source: Bank of Canada

Nationwide Building Permits Aug 2017 Aug 2016 Aug 2015
Residential $4,872,302,000 $4,516,206,000 $4,733,125,000
Commercial $2,670,651,000 $2,856,502,000 $2,827,782,000
Total $7,542,953,000 $7,372,708,000 $7,560,907,000
Source: Stats Canada - preliminary figures
Average House Prices by Province Aug 2017 Aug 2016 Aug 2015
National $472,247 $456,722 $433,367
Yukon $311,149 $341,597 $357,252
Northwest Territories $447,334 $388,119 $416,577
British Columbia $678,152 $569,281 $619,881
Alberta $392,359 $390,615 $388,551
Saskatchewan $293,995 $298,001 $292,583
Manitoba $287,794 $273,387 $269,321
Ontario $518,613 $518,586 $455,611
Quebec $298,158 $289,656 $280,253
New Brunswick $161,160 $168,737 $154,973
Prince Edward Island $195,270 $195,925 $157,949
Nova Scotia $223,738 $209,989 $220,161
Newfoundland $258,198 $265,521 $292,960
Source: CREA - Most Recent Month Reported
Average House Prices by City Aug 2017 Aug 2016 Aug 2015
Yellowknife $447,334 $388,119 $416,577
Vancouver $1,029,700 $833,065 $900,592
Victoria $620,700 $570,196 $544,862
Edmonton $373,438 $369,956 $372,256
Calgary $436,500 $456,663 $450,260
Saskatoon $316,700 $349,716 $339,426
Regina $313,000 $309,634 $311,318
Toronto $755,400 $710,410 $602,607
Hamilton-Burlington $554,507 $496,894 $464,101
Ottawa-Carleton $365,200 $369,055 $354,035
Quebec City $266,072 $279,780 $273,495
Montreal $326,400 $358,935 $342,010
Fredericton $166,135 $187,411 $167,100
Saint John $172,803 $165,661 $311,166
Halifax-Dartmouth $284,037 $281,977 $274,022
Winnipeg $297,897 $278,718 $276,397
Source: CREA - Most Recent Month Reported




Friday, 15 September 2017

September News and Rate Advisor

Welcome to the September issue of the News & Rate Advisor.
Current Discount Mortgage Rates for Sep 2017
Rate
Variable Rate 2.20%
1 Year 2.44%
3 Year 2.69%
5 Year 2.94%
Prime Rate 2.95%
Canadian Qualifying Rate Sep 2017
Rate 4.84%
Source: Bank of Canada
Current Bank of Canada Rate & Prime Rates Sep 2017 Sep 2016 Sep 2015
Bank Rate 1.25% 0.75% 0.75%
Prime Rate 2.95% 2.70% 2.70%
Source: Bank of Canada

Nationwide Building Permits Jul 2017 Jul 2016 Jul 2015
Residential $5,010,106,000 $4,087,851,000 $5,005,523,000
Commercial $2,911,455,000 $2,554,845,000 $2,836,355,000
Total $7,921,561,000 $6,642,696,000 $7,841,878,000
Source: Stats Canada - preliminary figures
Average House Prices by Province Jul 2017 Jul 2016 Jul 2015
National $478,696 $480,743 $437,699
Yukon $376,909 $344,863 $351,916
Northwest Territories $366,991 $388,352 $398,889
British Columbia $698,718 $663,411 $608,294
Alberta $396,946 $403,666 $394,977
Saskatchewan $291,399 $303,414 $305,431
Manitoba $283,978 $275,914 $273,164
Ontario $517,379 $517,831 $454,098
Quebec $303,083 $284,662 $278,760
New Brunswick $173,797 $164,961 $168,412
Prince Edward Island $192,605 $180,427 $171,140
Nova Scotia $228,399 $221,689 $217,236
Newfoundland $244,653 $252,846 $275,072
Source: CREA - Most Recent Month Reported
Average House Prices by City Jul 2017 Jul 2016 Jul 2015
Yellowknife $366,991 $388,352 $398,889
Vancouver $1,029,786 $1,007,687 $866,772
Victoria $644,510 $580,555 $519,379
Edmonton $383,624 $384,504 $372,910
Calgary $458,480 $469,325 $459,958
Saskatoon $325,718 $346,879 $350,246
Regina $319,595 $314,714 $309,696
Toronto $746,218 $709,825 $609,236
Hamilton-Burlington $536,595 $491,360 $434,730
Ottawa-Carleton $391,119 $374,431 $369,718
Quebec City $268,884 $266,578 $276,561
Montreal $378,401 $349,218 $341,594
Fredericton $187,119 $181,833 $178,479
Saint John $179,048 $168,266 $178,089
Halifax-Dartmouth $299,847 $292,511 $287,288
Winnipeg $294,216 $282,684 $281,684
Source: CREA - Most Recent Month Reported





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