Tuesday 20 May 2014

News and Rate Advisor

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

Current Discount Mortgage RatesMay 2014
Variable Rate2.50%
1 Year2.89%
2 Year2.59%
3 Year2.79%
4 Year2.87%
5 Year3.09%
7 Year3.79%
10 Year4.39%
Prime Rate3.00%
* Rates subject to change and OAC.


Canadian Qualifying RateMay 2014
Rate4.79%
Source: Bank of Canada


Current Posted Mortgage RatesMay 2014May 2013May 2012
1 Year3.14%3.00%3.20%
3 Year3.75%3.55%3.95%
5 Year4.79%5.14%5.44%
Source: Bank of Canada


Nationwide Building PermitsMar 2014Mar 2013Mar 2012
Residential$3,674,001,000.00$3,597,733,000.00$3,910,267,000
Commercial$2,313,322,000.00$2,700,725,000.00$2,932,792,000
Total$5,987,323,000.00$6,298,458,000.00$6,843,059,000
Source: Stats Canada - preliminary figures


Current Bank of Canada Rate & Prime RatesMay 2014May 2013May 2012
Bank Rate1.25%1.25%1.25%
Prime Rate3.00%3.00%3.00%
Source: Bank of Canada



Average House Prices by CityMar 2014Mar 2013Mar 2012
Yellowknife$328,945$417,875$359,510
Vancouver$801,543$759,340$761,742
Victoria$493,323$474,937$513,374
Edmonton$361,870$350,723$335,579
Calgary$462,994$441,424$409,750
Saskatoon$344,600$331,249$315,935
Regina$328,781$314,353$287,772
Toronto$557,684$519,879$504,117
Hamilton-Burlington$410,553$388,147$353,165
Ottawa-Carleton$359,286$359,321$353,714
Quebec City$252,400$266,897$259,316
Montreal$320,558$326,259$317,924
Fredericton$175,007$182,540$185,192
Saint John$169,978$164,182$168,371
Halifax-Dartmouth$268,333$282,048$272,599
Winnipeg$278,527$271,198$247,459
Source: CREA - Most Recent Month Reported


Average House Prices by ProvinceMar 2014Mar 2013Mar 2012
National$401,419$378,532$369,453
Yukon$328,954$331,520$327,267
Northwest Territories$328,945$417,875$359,510
British Columbia$562,316$540,662$545,959
Alberta$402,933$386,330$362,798
Saskatchewan$304,428$291,094$272,260
Manitoba$269,865$257,657$240,414
Ontario$435,046$405,780$393,153
Quebec$264,197$272,531$264,788
New Brunswick$156,795$163,566$159,943
Prince Edward Island$174,311$151,243$163,333
Nova Scotia$213,336$222,688$225,304
Newfoundland$288,865$281,210$259,088
Source: CREA - Most Recent Month Reported