Saturday 15 April 2017

April News and Rate Advisor

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

Current Discount Mortgage Rates for Apr 2017Rate
Variable Rate2.30%
1 Year2.29%
3 Year2.44%
5 Year2.69%
Prime Rate2.70%


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


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



Nationwide Building PermitsFeb 2017Feb 2016Feb 2015
Residential$5,014,795,000$5,014,795,000$4,212,864,000
Commercial$2,435,250,000$2,435,250,000$69,529,740,000
Total$7,450,045,000$7,450,045,000$73,742,604,000
Source: Stats Canada - preliminary figures


Average House Prices by ProvinceFeb 2017Feb 2016Feb 2015
National$519,521$503,057$431,812
Yukon$323,076$312,640$300,846
Northwest Territories$335,300$348,997$296,200
British Columbia$688,011$779,419$639,405
Alberta$389,943$388,037$385,804
Saskatchewan$280,384$285,649$298,574
Manitoba$288,263$272,609$262,441
Ontario$634,341$511,967$453,646
Quebec$280,333$272,937$267,054
New Brunswick$163,362$149,942$169,840
Prince Edward Island$212,033$156,895$164,774
Nova Scotia$209,889$214,378$217,881
Newfoundland$248,317$267,311$282,350
Source: CREA - Most Recent Month Reported


Average House Prices by CityFeb 2017Feb 2016Feb 2015
Yellowknife$335,300$348,997$296,200
Vancouver$995,583$1,104,133$879,069
Victoria$642,204$545,911$490,377
Edmonton$359,468$363,266$362,432
Calgary$464,834$453,175$443,744
Saskatoon$326,714$323,761$354,400
Regina$300,874$308,946$303,355
Toronto$875,983$685,278$596,163
Hamilton-Burlington$556,630$456,083$437,386
Ottawa-Carleton$382,268$356,180$359,759
Quebec City$252,303$260,012$255,698
Montreal$348,635$334,815$328,862
Fredericton$161,590$165,374$180,394
Saint John$178,351$154,408$171,269
Halifax-Dartmouth$279,362$266,869$280,035
Winnipeg$288,097$278,087$266,837
Source: CREA - Most Recent Month Reported