Monday 16 September 2013

Hamilton Real Estate: August sales up 8.8% year-over-year

Hamilton Real Estate: August sales up 8.8% year-over-year: The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1203 properties sold through the RAHB Multiple Listing Service® (MLS®) in ...

September News and Rate Advisor!!



Courtesy of  Phil Romano, CPMB 905-516-1150

Certified Professional Mortgage Broker #M10002221
Verico House of Mortgage Experts

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

Current Discount Mortgage RatesSep 2013
Variable Rate2.70%
1 Year2.89%
2 Year2.79%
3 Year3.09%
4 Year3.24%
5 Year3.59%
7 Year3.89%
10 Year4.19%
Prime Rate3.00%
* Rates subject to change and OAC.


Canadian Qualifying RateSep 2013
Rate5.34%
Source: Bank of Canada


Current Posted Mortgage RatesSep 2013Sep 2012Sep 2011
1 Year3.14%3.10%3.50%
3 Year3.95%3.85%4.35%
5 Year5.34%5.24%5.19%
Source: Bank of Canada


Nationwide Building PermitsJul 2013Jul 2012Jul 2011
Residential$4,135,192,000$4,276,431,000$3,853,954,000
Commercial$3,857,984,000$2,532,937,000$2,727,925,000
Total$7,993,176,000$6,809,368,000$6,581,879,000
Source: Stats Canada - preliminary figures


Current Bank of Canada Rate & Prime RatesSep 2013Sep 2012Sep 2011
Bank Rate1.25%1.25%1.25%
Prime Rate3.00%3.00%3.00%
Source: Bank of Canada



Average House Prices by CityJul 2013Jul 2012Jul 2011
Yellowknife$472,467$292,125$292,125
Vancouver$757,338$667,462$761,673
Victoria$482,908$475,768$467,052
Edmonton$345,335$337,304$334,444
Calgary$438,192$409,670$397,613
Saskatoon$323,441$323,165$303,439
Regina$311,759$297,708$272,548
Toronto$513,246$476,947$459,122
Hamilton-Burlington$383,240$345,807$349,235
Ottawa-Carleton$362,346$340,352$342,925
Quebec City$265,785$266,552$240,225
Montreal$329,339$331,577$317,519
Fredericton$178,883$181,917$181,231
Saint John$169,592$177,955$158,448
Halifax-Dartmouth$275,046$268,723$262,723
Winnipeg$262,727$249,175$238,258
Source: CREA - Most Recent Month Reported


Average House Prices by ProvinceJul 2013Jul 2012Jul 2011
National$382,373$353,147$361,181
Yukon$311,481$366,075$317,128
Northwest Territories$472,467$292,125$292,125
British Columbia$534,360$474,954$540,877
Alberta$379,696$363,924$359,103
Saskatchewan$285,147$277,297$256,870
Manitoba$253,714$239,116$231,391
Ontario$393,984$368,329$363,121
Quebec$272,033$275,689$263,371
New Brunswick$159,502$156,913$160,568
Prince Edward Island$169,864$154,876$163,725
Nova Scotia$215,094$219,708$212,821
Newfoundland$288,517$273,649$250,948
Source: CREA - Most Recent Month Reported



 "Always Striving to be your Trusted Mortgage Advisor!"

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