Monday 15 September 2014

September News and Rate Advisor

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

Current Discount Mortgage RatesSep 2014
Variable Rate2.45%
1 Year2.89%
2 Year2.34%
3 Year2.69%
4 Year2.77%
5 Year2.99%
7 Year3.79%
10 Year4.49%
Prime Rate3.00%
* Rates subject to change and OAC.


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


Current Posted Mortgage RatesSep 2014Sep 2013Sep 2012
1 Year3.14%3.14%3.10%
3 Year3.75%3.95%3.85%
5 Year4.79%5.34%5.24%
Source: Bank of Canada


Nationwide Building PermitsJul 2014Jul 2013Jul 2012
Residential$4,965,441,000.00$4,135,192,000.00$4,276,431,000
Commercial$4,195,518,000.00$3,857,984,000.00$2,532,937,000
Total$9,160,959,000.00$7,993,176,000.00$6,809,368,000
Source: Stats Canada - preliminary figures


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



Average House Prices by CityJul 2014Jul 2013Jul 2012
Yellowknife$393,815$472,467$292,125
Vancouver$805,061$757,338$667,462
Victoria$496,282$482,908$475,768
Edmonton$362,091$345,335$337,304
Calgary$460,790$438,192$409,670
Saskatoon$350,699$323,441$323,165
Regina$327,104$311,759$297,708
Toronto$550,700$513,246$476,947
Hamilton-Burlington$412,694$383,240$345,807
Ottawa-Carleton$358,600$362,346$340,352
Quebec City$274,862$265,785$266,552
Montreal$338,988$329,339$331,577
Fredericton$167,455$178,883$181,917
Saint John$182,918$169,592$177,955
Halifax-Dartmouth$287,288$275,046$268,723
Winnipeg$268,817$262,727$249,175
Source: CREA - Most Recent Month Reported

Average House Prices by ProvinceJul 2014Jul 2013Jul 2012
National$401,585$382,373$353,147
Yukon$278,518$311,481$366,075
Northwest Territories$393,815$472,467$292,125
British Columbia$548,162$534,360$474,954
Alberta$395,552$379,696$363,924
Saskatchewan$304,816$285,147$277,297
Manitoba$264,171$253,714$239,116
Ontario$416,938$393,984$368,329
Quebec$276,194$272,033$275,689
New Brunswick$164,146$159,502$156,913
Prince Edward Island$153,964$169,864$154,876
Nova Scotia$224,287$215,094$219,708
Newfoundland$294,815$288,517$273,649
Source: CREA - Most Recent Month Reported
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