Friday 17 March 2017

March News and Rate Advisor

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

Current Discount Mortgage Rates for Mar 2017Rate
Variable Rate2.30%
1 Year2.29%
3 Year2.44%
5 Year2.64%
Prime Rate2.70%


Canadian Qualifying RateMar 2017
Rate4.64%
Source: Bank of Canada


Current Bank of Canada Rate & Prime RatesMar 2017Mar 2016Mar 2015
Bank Rate0.75%0.75%1.00%
Prime Rate2.70%2.70%2.85%
Source: Bank of Canada



Nationwide Building PermitsJan 2017Jan 2016Jan 2015
Residential$5,069,529,000$4,011,352,000$4,056,063,000
Commercial$2,545,973,000$2,385,097,000$2,111,941,000
Total$7,615,502,000$6,396,449,000$6,168,004,000
Source: Stats Canada - preliminary figures


Average House Prices by ProvinceJan 2017Jan 2016Jan 2015
National$470,253$470,297$401,143
Yukon$333,353$312,440$268,615
Northwest Territories$341,890$343,856$268,910
British Columbia$621,093$752,906$593,155
Alberta$383,040$371,620$381,757
Saskatchewan$288,703$288,177$294,885
Manitoba$267,068$264,007$252,434
Ontario$556,631$466,053$417,723
Quebec$283,984$269,635$263,714
New Brunswick$161,656$150,538$145,592
Prince Edward Island$188,246$165,916$159,448
Nova Scotia$202,794$205,047$205,589
Newfoundland$240,860$255,091$283,043
Source: CREA - Most Recent Month Reported


Average House Prices by CityJan 2017Jan 2016Jan 2015
Yellowknife$341,890$343,856$268,910
Vancouver$878,242$1,083,177$827,558
Victoria$589,082$524,361$470,693
Edmonton$355,841$339,714$362,394
Calgary$451,242$439,552$437,908
Saskatoon$335,121$344,639$346,536
Regina$297,532$309,154$294,488
Toronto$770,745$631,092$552,575
Hamilton-Burlington$516,128$451,130$417,700
Ottawa-Carleton$379,369$356,696$349,672
Quebec City$259,509$245,777$257,952
Montreal$351,255$337,894$324,210
Fredericton$174,058$165,633$164,370
Saint John$164,126$162,181$143,466
Halifax-Dartmouth$265,237$262,027$270,120
Winnipeg$272,553$273,154$261,612
Source: CREA - Most Recent Month Reported

No comments:

Post a Comment