December News and Rate Advisor

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

Current Discount Mortgage Rates for Dec 2018		Conventional1	High Ratio2
Variable Rate		3.30%	2.75%
1 Year		3.49%	3.49%
3 Year		3.65%	3.39%
5 Year		3.79%	3.59%
Prime Rate		3.95%	3.95%
Note: * Rates subject to change and OAC. (1) Conventional - Uninsured, (2) High Ratio - Insured

Canadian Qualifying Rate	Dec 2018
Rate	5.34%

Source: Bank of Canada

Current Bank of Canada Rate & Prime Rates	Dec 2018	Dec 2017	Dec 2016
Bank Rate	2.00%	1.25%	0.75%
Prime Rate	3.95%	3.20%	2.70%

Source: Bank of Canada

Nationwide Building Permits	Oct 2018	Oct 2017	Oct 2016
Residential	$5,821,791,000	$4,754,561,000	$5,220,944,000
Commercial	$3,452,960,000	$3,541,688,000	$2,549,673,000
Total	$9,274,751,000	$8,296,249,000	$7,770,617,000

Source: Stats Canada - preliminary figures

Average House Prices by Province	Oct 2018	Oct 2017	Oct 2016
National	$496,763	$481,922	$481,994
Yukon	$401,491	$362,733	$313,723
Northwest Territories	$427,371	$428,913	$308,310
British Columbia	$689,719	$719,946	$606,787
Alberta	$380,664	$395,429	$391,692
Saskatchewan	$281,660	$280,330	$284,545
Manitoba	$294,112	$284,952	$273,573
Ontario	$588,440	$562,654	$561,896
Quebec	$320,156	$307,745	$288,979
New Brunswick	$163,111	$162,740	$160,651
Prince Edward Island	$192,014	$217,182	$189,979
Nova Scotia	$229,770	$227,245	$213,046
Newfoundland	$239,373	$248,956	$254,207

Source: CREA - Most Recent Month Reported

Average House Prices by City	Oct 2018	Oct 2017	Oct 2016
Yellowknife	$427,371	$428,913	$308,310
Vancouver	$1,062,100	$1,042,300	$891,705
Victoria	$693,600	$620,400	$615,066
Edmonton	$324,000	$370,484	$364,004
Calgary	$422,000	$433,000	$450,279
Saskatoon	$295,100	$299,900	$332,144
Regina	$277,100	$289,000	$291,741
Toronto	$766,300	$747,800	$762,975
Hamilton-Burlington	$579,600	$527,991	$507,131
Ottawa-Carleton	$393,400	$369,200	$366,639
Quebec City	$280,787	$278,672	$269,925
Montreal	$350,000	$329,300	$354,600
Fredericton	$160,076	$169,754	$159,325
Saint John	$166,766	$168,575	$178,673
Halifax-Dartmouth	$288,293	$286,026	$279,611
Winnipeg	$303,860	$294,843	$279,421

Source: CREA - Most Recent Month Reported

November News and Rate Advisor

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

Current Discount Mortgage Rates for Nov 2018		Conventional1	High Ratio2
Variable Rate		3.20%	2.75%
1 Year		3.54%	3.54%
3 Year		3.69%	3.39%
5 Year		3.69%	3.59%
Prime Rate		3.70%	3.70%
Note: * Rates subject to change and OAC. (1) Conventional - Uninsured, (2) High Ratio - Insured

Canadian Qualifying Rate	Nov 2018
Rate	5.34%

Source: Bank of Canada

Current Bank of Canada Rate & Prime Rates	Nov 2018	Nov 2017	Nov 2016
Bank Rate	2.00%	1.25%	0.75%
Prime Rate	3.70%	3.20%	2.70%

Source: Bank of Canada

Nationwide Building Permits	Sep 2018	Sep 2017	Sep 2016
Residential	$4,991,105,000	$4,831,142,000	$4,787,229,000
Commercial	$3,056,573,000	$3,112,835,000	$2,244,709,000
Total	$8,047,678,000	$7,943,977,000	$7,031,938,000

Source: Stats Canada - preliminary figures

Average House Prices by Province	Sep 2018	Sep 2017	Sep 2016
National	$486,917	$487,095	$474,590
Yukon	$315,501	$331,440	$335,446
Northwest Territories	$462,578	$386,125	$402,761
British Columbia	$685,171	$693,568	$585,844
Alberta	$385,061	$390,485	$396,646
Saskatchewan	$273,783	$284,625	$294,801
Manitoba	$285,055	$280,026	$276,646
Ontario	$577,550	$547,389	$550,305
Quebec	$317,173	$298,115	$292,839
New Brunswick	$174,893	$159,462	$157,794
Prince Edward Island	$205,709	$188,458	$167,342
Nova Scotia	$231,891	$215,209	$233,828
Newfoundland	$253,175	$252,265	$245,751

Source: CREA - Most Recent Month Reported

Average House Prices by City	Sep 2018	Sep 2017	Sep 2016
Yellowknife	$462,578	$386,125	$402,761
Vancouver	$1,070,600	$1,037,300	$864,566
Victoria	$694,200	$620,700	$598,740
Edmonton	$326,700	$370,252	$373,926
Calgary	$424,200	$435,400	$469,818
Saskatoon	$293,800	$326,700	$343,306
Regina	$277,000	$320,000	$308,824
Toronto	$765,400	$750,800	$755,755
Hamilton-Burlington	$575,300	$543,927	$519,171
Ottawa-Carleton	$392,700	$367,500	$360,786
Quebec City	$272,456	$264,406	$264,652
Montreal	$347,700	$327,600	$364,699
Fredericton	$181,895	$169,036	$159,370
Saint John	$195,002	$174,665	$179,350
Halifax-Dartmouth	$298,140	$272,491	$307,239
Winnipeg	$296,216	$288,334	$284,799

Source: CREA - Most Recent Month Reported

October News and Rate Advisor

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

Current Discount Mortgage Rates for Oct 2018		Conventional1	High Ratio2
Variable Rate		2.65%	2.75%
1 Year		3.19%	3.19%
3 Year		3.34%	3.29%
5 Year		3.34%	3.29%
Prime Rate		3.70%	3.70%
Note: * Rates subject to change and OAC. (1) Conventional - Uninsured, (2) High Ratio - Insured

Canadian Qualifying Rate	Oct 2018
Rate	5.34%

Source: Bank of Canada

Current Bank of Canada Rate & Prime Rates	Oct 2018	Oct 2017	Oct 2016
Bank Rate	1.75%	1.25%	0.75%
Prime Rate	3.70%	3.20%	2.70%

Source: Bank of Canada

Nationwide Building Permits	Aug 2018	Aug 2017	Aug 2016
Residential	$5,310,449,000	$4,887,519,000	$4,516,206,000
Commercial	$3,801,749,000	$2,684,389,000	$2,856,502,000
Total	$9,112,198,000	$7,571,908,000	$7,372,708,000

Source: Stats Canada - preliminary figures

Average House Prices by Province	Aug 2018	Aug 2017	Aug 2016
National	$475,591	$472,247	$456,722
Yukon	$382,801	$311,149	$341,597
Northwest Territories	$417,548	$447,334	$388,119
British Columbia	$669,452	$678,152	$569,281
Alberta	$384,200	$392,359	$390,615
Saskatchewan	$281,088	$293,995	$298,001
Manitoba	$292,584	$287,794	$273,387
Ontario	$553,285	$518,613	$518,586
Quebec	$312,866	$298,158	$289,656
New Brunswick	$177,644	$161,160	$168,737
Prince Edward Island	$212,654	$195,270	$195,925
Nova Scotia	$228,070	$223,738	$209,989
Newfoundland	$261,107	$258,198	$265,521

Source: CREA - Most Recent Month Reported

Average House Prices by City	Aug 2018	Aug 2017	Aug 2016
Yellowknife	$417,548	$447,334	$388,119
Vancouver	$1,083,400	$1,029,700	$833,065
Victoria	$692,700	$620,700	$570,196
Edmonton	$330,000	$373,438	$369,956
Calgary	$426,800	$436,500	$456,663
Saskatoon	$293,900	$316,700	$349,716
Regina	$277,600	$313,000	$309,634
Toronto	$764,800	$755,400	$710,410
Hamilton-Burlington	$578,000	$554,507	$496,894
Ottawa-Carleton	$391,100	$365,200	$369,055
Quebec City	$283,054	$266,072	$279,780
Montreal	$345,600	$326,400	$358,935
Fredericton	$187,714	$166,135	$187,411
Saint John	$185,934	$172,803	$165,661
Halifax-Dartmouth	$295,413	$284,037	$281,977
Winnipeg	$302,100	$297,897	$278,718

Source: CREA - Most Recent Month Reported

September News and Rate Advisor

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

Current Discount Mortgage Rates for Sep 2018		Conventional1	High Ratio2
Variable Rate		3.00%	2.75%
1 Year		3.14%	3.14%
3 Year		3.59%	3.54%
5 Year		3.74%	3.39%
Prime Rate		3.70%	3.70%
Note: * Rates subject to change and OAC. (1) Conventional - Uninsured, (2) High Ratio - Insured

Canadian Qualifying Rate	Sep 2018
Rate	5.34%

Source: Bank of Canada

Current Bank of Canada Rate & Prime Rates	Sep 2018	Sep 2017	Sep 2016
Bank Rate	1.75%	1.25%	0.75%
Prime Rate	3.70%	3.20%	2.70%

Source: Bank of Canada

Nationwide Building Permits	Jul 2018	Jul 2017	Jul 2016
Residential	$5,999,154,000	$5,013,737,000	$4,087,851,000
Commercial	$3,625,648,000	$2,965,814,000	$2,554,845,000
Total	$9,624,802,000	$7,979,551,000	$6,642,696,000

Source: Stats Canada - preliminary figures

Average House Prices by Province	Jul 2018	Jul 2017	Jul 2016
National	$481,429	$478,696	$480,743
Yukon	$377,110	$376,909	$344,863
Northwest Territories	$433,489	$366,991	$388,352
British Columbia	$695,660	$698,718	$663,411
Alberta	$385,156	$396,946	$403,666
Saskatchewan	$291,435	$291,399	$303,414
Manitoba	$286,071	$283,978	$275,914
Ontario	$557,533	$517,379	$517,831
Quebec	$309,862	$303,083	$284,662
New Brunswick	$184,118	$173,797	$164,961
Prince Edward Island	$190,834	$192,605	$180,427
Nova Scotia	$235,239	$228,399	$221,689
Newfoundland	$254,533	$244,653	$252,846

Source: CREA - Most Recent Month Reported

Average House Prices by City	Jul 2018	Jul 2017	Jul 2016
Yellowknife	$377,110	$366,991	$388,352
Vancouver	$1,087,500	$1,029,786	$1,007,687
Victoria	$672,800	$644,510	$580,555
Edmonton	$334,400	$383,624	$384,504
Calgary	$430,000	$458,480	$469,325
Saskatoon	$297,200	$325,718	$346,879
Regina	$281,100	$319,595	$314,714
Toronto	$768,400	$746,218	$709,825
Hamilton-Burlington	$555,459	$536,595	$491,360
Ottawa-Carleton	$390,100	$391,119	$374,431
Quebec City	$268,897	$268,884	$266,578
Montreal	$345,000	$378,401	$349,218
Fredericton	$197,103	$187,119	$181,833
Saint John	$186,976	$179,048	$168,266
Halifax-Dartmouth	$293,638	$299,847	$292,511
Winnipeg	$296,735	$294,216	$282,684

Source: CREA - Most Recent Month Reported