Tuesday 15 September 2015

September 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 September issue of the News & Rate Advisor.
Current Discount Mortgage RatesSep 2015
Variable Rate2.20%
1 Year2.29%
2 Year2.19%
3 Year2.34%
4 Year2.54%
5 Year2.67%
7 Year3.39%
10 Year3.84%
Prime Rate2.70%
Canadian Qualifying RateSep 2015
RateNo rate defined for this month
Source: Bank of Canada

Current Posted Mortgage RatesSep 2015Sep 2014Sep 2013
1 Year0.00%3.14%3.14%
3 Year0.00%3.75%3.95%
5 Year0.00%4.79%5.34%
Source: Bank of Canada

Nationwide Building PermitsJul 2015Jul 2014Jul 2013
Residential$0$4,933,591,000$4,135,192,000
Commercial$0$4,212,465,000$3,857,984,000
Total$0$9,146,056,000$7,993,176,000
Source: Stats Canada - preliminary figures

Current Bank of Canada Rate & Prime RatesSep 2015Sep 2014Sep 2013
Bank Rate0.75%1.25%1.25%
Prime Rate2.70%3.00%3.00%
Source: Bank of Canada


Average House Prices by CityJul 2015Jul 2014Jul 2013
Yellowknife$398,889$393,815$472,467
Vancouver$866,772$805,061$757,338
Victoria$519,379$496,282$482,908
Edmonton$372,910$362,091$345,335
Calgary$459,958$460,790$438,192
Saskatoon$350,246$350,699$323,441
Regina$309,696$327,104$311,759
Toronto$609,236$550,700$513,246
Hamilton-Burlington$434,730$412,694$383,240
Ottawa-Carleton$369,718$358,600$362,346
Quebec City$276,561$274,862$265,785
Montreal$341,594$338,988$329,339
Fredericton$178,479$167,455$178,883
Saint John$178,089$182,918$169,592
Halifax-Dartmouth$287,288$287,288$275,046
Winnipeg$281,684$268,817$262,727
Source: CREA - Most Recent Month Reported

Average House Prices by ProvinceJul 2015Jul 2014Jul 2013
National$437,699$401,585$382,373
Yukon$351,916$278,518$311,481
Northwest Territories$398,889$393,815$472,467
British Columbia$608,294$548,162$534,360
Alberta$394,977$395,552$379,696
Saskatchewan$305,431$304,816$285,147
Manitoba$273,164$264,171$253,714
Ontario$454,098$416,938$393,984
Quebec$278,760$276,194$272,033
New Brunswick$168,412$164,146$159,502
Prince Edward Island$171,140$153,964$169,864
Nova Scotia$217,236$224,287$215,094
Newfoundland$275,072$294,815$288,517
Source: CREA - Most Recent Month Reported



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