July News and Rate Advisor

Welcome to the July issue of the News & Rate Advisor. Current Discount Mortgage Rates Jul 2016 Variable Rate 2.35% 1 Year 2.29% 2 Year 2.24% 3 Year 2.29% 4 Year 2.49% 5 Year 2.49% 7 Year 3.44% 10 Year 3.84% Prime Rate 2.70% * Rates subject to change and OAC. Canadian Qualifying Rate Jul 2016 Rate 4.74% Source: Bank of Canada Current Posted Mortgage Rates Jul 2016 Jul 2015 Jul 2014 1 Year 3.14% 2.89% 3.14% 3 Year 3.39% 3.39% 3.75% 5 Year 4.74% 4.64% 4.79% Source: Bank of Canada Nationwide Building Permits May 2016 May 2015 May 2014 Residential $4,339,934,000 $3,941,034,000 $4,172,131,000 Commercial $2,451,105,000 $2,802,125,000 $2,871,096,000 Total $6,791,039,000 $6,743,159,000 $7,043,227,000 Source: Stats Canada - preliminary figures Current Bank of Canada Rate & Prime Rates Jul 2016 Jul 2015 Jul 2014 Bank Rate 0.50% 0.75% 1.25% Prime Rate 2.70% 2.70% 3.00% Source: Bank of Canada Average House Prices by City May 2016 May 2015 May 2014 Yellowknife $439,610 $374,363 $462,143 Vancouver $1,055,495 $905,701 $814,418 Victoria $585,994 $527,770 $496,378 Edmonton $382,695 $381,111 $371,871 Calgary $476,886 $465,941 $465,579 Saskatoon $338,153 $345,907 $338,195 Regina $326,656 $320,393 $317,662 Toronto $751,908 $649,599 $585,204 Hamilton-Burlington $497,792 $447,019 $406,007 Ottawa-Carleton $384,212 $386,331 $383,168 Quebec City $266,269 $268,534 $270,824 Montreal $354,533 $338,685 $335,937 Fredericton $208,115 $179,674 $196,656 Saint John $165,762 $169,400 $183,755 Halifax-Dartmouth $294,493 $293,734 $290,587 Winnipeg $290,063 $287,587 $287,026 Source: CREA - Most Recent Month Reported Average House Prices by Province May 2016 May 2015 May 2014 National $509,460 $450,886 $416,584 Yukon $329,993 $333,136 $314,974 Northwest Territories $439,610 $374,363 $462,143 British Columbia $722,146 $632,182 $565,233 Alberta $402,751 $405,105 $405,294 Saskatchewan $297,303 $304,356 $301,409 Manitoba $283,058 $279,729 $279,668 Ontario $547,860 $483,766 $447,682 Quebec $285,171 $276,937 $276,919 New Brunswick $180,839 $164,736 $178,609 Prince Edward Island $172,581 $167,391 $177,533 Nova Scotia $232,597 $244,608 $215,298 Newfoundland $246,848 $278,263 $295,199 Source: CREA - Most Recent Month Reported

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May 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 May issue of the News & Rate Advisor. Current Discount Mortgage Rates May 2016 Variable Rate 2.35% 1 Year 2.29% 2 Year 2.19% 3 Year 2.29% 4 Year 2.49% 5 Year 2.64% 7 Year 3.64% 10 Year 3.84% Prime Rate 2.70% * Rates subject to change and OAC. Canadian Qualifying Rate May 2016 Rate 4.64% Source: Bank of Canada Current Posted Mortgage Rates May 2016 May 2015 May 2014 1 Year 3.14% 2.89% 3.14% 3 Year 3.39% 3.39% 3.75% 5 Year 4.64% 4.64% 4.79% Source: Bank of Canada Nationwide Building Permits Mar 2016 Mar 2015 Mar 2014 Residential $4,416,588,000 $4,418,463,000 $3,672,691,000 Commercial $2,442,053,000 $2,448,640,000 $2,300,869,000 Total $6,858,641,000 $6,867,103,000 $5,973,560,000 Source: Stats Canada - preliminary figures Current Bank of Canada Rate & Prime Rates May 2016 May 2015 May 2014 Bank Rate 0.75% 1.00% 1.25% Prime Rate 2.70% 2.85% 3.00% Source: Bank of Canada Average House Prices by City Mar 2016 Mar 2015 Mar 2014 Yellowknife $406,620 $377,244 $328,945 Vancouver $1,093,267 $891,652 $801,543 Victoria $575,858 $508,807 $493,323 Edmonton $379,524 $373,005 $361,870 Calgary $455,220 $457,422 $462,994 Saskatoon $336,425 $337,982 $344,600 Regina $307,609 $300,148 $328,781 Toronto $688,181 $613,933 $557,684 Hamilton-Burlington $486,008 $443,706 $410,553 Ottawa-Carleton $368,798 $362,918 $359,286 Quebec City $259,851 $262,214 $252,400 Montreal $336,138 $331,216 $320,558 Fredericton $177,441 $175,632 $175,007 Saint John $154,700 $301,769 $169,978 Halifax-Dartmouth $281,822 $277,377 $268,333 Winnipeg $287,692 $281,269 $278,527 Source: CREA - Most Recent Month Reported Average House Prices by Province Mar 2016 Mar 2015 Mar 2014 National $508,567 $439,144 $401,419 Yukon $322,267 $307,800 $328,954 Northwest Territories $406,620 $377,244 $328,945 British Columbia $771,620 $641,799 $562,316 Alberta $392,145 $398,856 $402,933 Saskatchewan $297,823 $292,847 $304,428 Manitoba $277,202 $272,344 $269,865 Ontario $521,178 $466,404 $435,046 Quebec $274,616 $270,245 $264,197 New Brunswick $154,371 $150,807 $156,795 Prince Edward Island $194,094 $165,693 $174,311 Nova Scotia $223,520 $226,613 $213,336 Newfoundland $258,563 $273,645 $288,865 Source: CREA - Most Recent Month Reported

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February 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 February issue of the News & Rate Advisor. Current Discount Mortgage Rates Feb 2016 Variable Rate 2.30% 1 Year 2.29% 2 Year 2.19% 3 Year 2.24% 4 Year 2.54% 5 Year 2.94% 7 Year 3.44% 10 Year 3.84% Prime Rate 2.70% * Rates subject to change and OAC. Canadian Qualifying Rate Feb 2016 Rate 4.64% Source: Bank of Canada Current Posted Mortgage Rates Feb 2016 Feb 2015 Feb 2014 1 Year 3.14% 2.89% 3.14% 3 Year 3.39% 3.39% 3.75% 5 Year 4.64% 4.74% 5.24% Source: Bank of Canada Nationwide Building Permits Dec 2015 Dec 2014 Dec 2013 Residential $4,653,518,000 $4,414,127,000 $3,643,632,000 Commercial $2,269,391,000 $2,620,878,000 $2,793,178,000 Total $6,922,909,000 $7,035,005,000 $6,436,810,000 Source: Stats Canada - preliminary figures Current Bank of Canada Rate & Prime Rates Feb 2016 Feb 2015 Feb 2014 Bank Rate 0.75% 1.00% 1.25% Prime Rate 2.70% 2.85% 3.00% Source: Bank of Canada Average House Prices by City Dec 2015 Dec 2014 Dec 2013 Yellowknife $327,707 $302,100 $444,817 Vancouver $980,974 $819,384 $785,574 Victoria $562,581 $498,716 $477,792 Edmonton $366,221 $359,479 $347,103 Calgary $451,297 $452,968 $439,389 Saskatoon $349,788 $340,608 $328,407 Regina $280,209 $302,969 $291,755 Toronto $609,110 $556,602 $520,398 Hamilton-Burlington $424,444 $387,922 $371,037 Ottawa-Carleton $359,777 $349,479 $341,793 Quebec City $267,352 $265,819 $261,123 Montreal $347,091 $340,489 $320,693 Fredericton $165,946 $156,604 $153,743 Saint John $152,762 $175,840 $190,728 Halifax-Dartmouth $283,075 $270,945 $269,797 Winnipeg $256,900 $271,489 $298,338 Source: CREA - Most Recent Month Reported Average House Prices by Province Dec 2015 Dec 2014 Dec 2013 National $454,342 $405,233 $390,034 Yukon $340,083 $285,447 $361,867 Northwest Territories $327,707 $302,100 $444,817 British Columbia $700,943 $585,718 $568,419 Alberta $389,486 $390,528 $380,477 Saskatchewan $288,759 $291,524 $278,764 Manitoba $250,636 $263,072 $286,571 Ontario $450,512 $417,767 $395,698 Quebec $277,559 $273,291 $264,690 New Brunswick $154,176 $155,078 $160,867 Prince Edward Island $172,787 $169,877 $149,021 Nova Scotia $207,086 $207,429 $208,555 Newfoundland $267,093 $273,769 $289,279 Source: CREA - Most Recent Month Reported

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