Wednesday 15 January 2014

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

Welcome to the January issue of the News & Rate Advisor.
Current Discount Mortgage Rates Jan 2014
Variable Rate 2.60%
1 Year 2.99%
2 Year 2.89%
3 Year 3.09%
4 Year 3.39%
5 Year 3.55%
7 Year 3.99%
10 Year 4.49%
Prime Rate 3.00%
* Rates subject to change and OAC.
Canadian Qualifying Rate Jan 2014
Rate 5.34%
Source: Bank of Canada
Current Posted Mortgage Rates Jan 2014 Jan 2013 Jan 2012
1 Year 3.14% 3.00% 3.50%
3 Year 3.95% 3.65% 4.05%
5 Year 5.34% 5.24% 5.29%
Source: Bank of Canada
Nationwide Building Permits Nov 2013 Nov 2012 Nov 2011
Residential $4,092,555,000 $3,763,739,000 $3,851,714,000
Commercial $2,661,915,000 $2,692,478,000 $2,311,642,000
Total $6,754,470,000 $6,456,217,000 $6,163,356,000
Source: Stats Canada - preliminary figures
Current Bank of Canada Rate & Prime Rates Jan 2014 Jan 2013 Jan 2012
Bank Rate 1.25% 1.25% 1.25%
Prime Rate 3.00% 3.00% 3.00%
Source: Bank of Canada

Average House Prices by City Nov 2013 Nov 2012 Nov 2011
Yellowknife $341,343 $392,904 $362,650
Vancouver $774,932 $682,215 $728,118
Victoria $454,703 $491,326 $499,676
Edmonton $339,703 $331,526 $319,559
Calgary $445,114 $413,921 $398,722
Saskatoon $334,440 $330,125 $314,541
Regina $306,631 $309,219 $273,243
Toronto $538,881 $485,328 $480,421
Hamilton-Burlington $368,947 $369,201 $342,005
Ottawa-Carleton $359,082 $350,211 $347,675
Quebec City $261,123 $260,783 $250,888
Montreal $320,693 $333,324 $322,808
Fredericton $159,892 $175,122 $161,279
Saint John $170,126 $168,623 $159,101
Halifax-Dartmouth $267,717 $266,740 $262,714
Winnipeg $261,832 $263,786 $236,127
Source: CREA - Most Recent Month Reported
Average House Prices by Province Nov 2013 Nov 2012 Nov 2011
National $391,085 $356,687 $360,396
Yukon $353,498 $306,590 $313,064
Northwest Territories $341,343 $392,904 $362,650
British Columbia $557,586 $480,891 $529,141
Alberta $385,217 $365,999 $356,535
Saskatchewan $290,859 $277,487 $255,580
Manitoba $255,636 $253,995 $229,934
Ontario $408,251 $376,806 $373,781
Quebec $264,690 $275,656 $267,342
New Brunswick $156,787 $157,488 $156,126
Prince Edward Island $151,363 $146,646 $139,740
Nova Scotia $209,997 $208,681 $213,334
Newfoundland $282,123 $274,485 $260,902
Source: CREA - Most Recent Month Reported
 
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