Wednesday 15 April 2015

April News and Rate Advisor



Courtesy of  Phil Romano, CPMB 905-516-1150

Certified Professional Mortgage Broker #M10002221
Verico House of Mortgage Experts
philromano@vhme.ca
www.philrom.com

Welcome to the April issue of the News & Rate Advisor.
Current Discount Mortgage RatesApr 2015
Variable Rate2.30%
1 Year2.79%
2 Year2.39%
3 Year2.54%
4 Year2.64%
5 Year2.79%
7 Year3.79%
10 Year3.84%
Prime Rate2.85%
Canadian Qualifying RateApr 2015
Rate4.64%
Source: Bank of Canada

Current Posted Mortgage RatesApr 2015Apr 2014Apr 2013
1 Year2.89%3.14%3.00%
3 Year3.39%3.75%3.55%
5 Year4.64%4.79%5.14%
Source: Bank of Canada

Nationwide Building PermitsFeb 2015Feb 2014Feb 2013
Residential$4,116,277,000$3,674,001,000$3,548,005,000
Commercial$1,998,335,000$2,498,291,000$2,391,893,000
Total$6,114,612,000$6,172,292,000$5,939,898,000
Source: Stats Canada - preliminary figures

Current Bank of Canada Rate & Prime RatesApr 2015Apr 2014Apr 2013
Bank Rate1.00%1.25%1.25%
Prime Rate2.85%3.00%3.00%
Source: Bank of Canada


Average House Prices by CityFeb 2015Feb 2014Feb 2013
Yellowknife$296,200$447,080$301,980
Vancouver$879,069$846,978$760,976
Victoria$490,377$483,720$463,265
Edmonton$362,432$359,973$334,347
Calgary$443,744$460,338$438,755
Saskatoon$354,400$335,562$313,781
Regina$303,355$300,667$310,551
Toronto$596,163$553,193$510,580
Hamilton-Burlington$437,386$398,239$375,381
Ottawa-Carleton$359,759$354,619$348,386
Quebec City$255,698$263,239$267,826
Montreal$328,862$320,993$325,261
Fredericton$180,394$181,612$166,687
Saint John$171,269$162,556$171,191
Halifax-Dartmouth$280,035$282,285$259,606
Winnipeg$266,837$264,636$270,463
Source: CREA - Most Recent Month Reported

Average House Prices by ProvinceFeb 2015Feb 2014Feb 2013
National$431,812$406,372$368,895
Yukon$300,846$331,352$327,725
Northwest Territories$296,200$447,080$301,980
British Columbia$639,405$611,688$529,922
Alberta$385,804$407,540$378,685
Saskatchewan$298,574$293,192$280,915
Manitoba$262,441$257,016$259,397
Ontario$453,646$423,691$392,962
Quebec$267,054$263,661$271,912
New Brunswick$169,840$159,201$156,119
Prince Edward Island$164,774$164,176$157,361
Nova Scotia$217,881$218,261$211,772
Newfoundland$282,350$308,851$295,588
Source: CREA - Most Recent Month Reported



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