Wednesday 15 October 2014

October News and Rate Advisor

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

Current Discount Mortgage RatesOct 2014
Variable Rate2.45%
1 Year2.89%
2 Year2.34%
3 Year2.69%
4 Year2.77%
5 Year2.99%
7 Year3.79%
10 Year4.49%
Prime Rate3.00%
* Rates subject to change and OAC.


Canadian Qualifying RateOct 2014
Rate4.79%
Source: Bank of Canada


Current Posted Mortgage RatesOct 2014Oct 2013Oct 2012
1 Year3.14%3.14%3.10%
3 Year3.44%3.95%3.70%
5 Year4.79%5.34%5.24%
Source: Bank of Canada


Nationwide Building PermitsAug 2014Aug 2013Aug 2012
Residential$4,150,876,000$3,938,247,000$4,223,624,000
Commercial$2,501,345,000$2,495,214,000$3,234,985,000
Total$6,652,221,000$6,433,461,000$7,458,609,000
Source: Stats Canada - preliminary figures


Current Bank of Canada Rate & Prime RatesOct 2014Oct 2013Oct 2012
Bank Rate1.25%1.25%1.25%
Prime Rate3.00%3.00%3.00%
Source: Bank of Canada



Average House Prices by CityAug 2014Aug 2013Aug 2012
Yellowknife$411,733$318,363$433,300
Vancouver$802,763$784,567$725,086
Victoria$497,608$479,978$475,550
Edmonton$368,597$348,758$334,391
Calgary$454,994$432,576$400,277
Saskatoon$333,434$327,281$320,903
Regina$294,338$311,860$304,513
Toronto$546,303$503,094$479,095
Hamilton-Burlington$397,938$376,284$364,464
Ottawa-Carleton$361,730$348,822$347,673
Quebec City$278,517$268,104$263,113
Montreal$328,745$327,165$331,721
Fredericton$180,401$177,192$164,707
Saint John$166,548$176,632$170,057
Halifax-Dartmouth$276,080$272,069$270,170
Winnipeg$270,246$261,666$248,301
Source: CREA - Most Recent Month Reported


Average House Prices by ProvinceAug 2014Aug 2013Aug 2012
National$398,618$378,369$350,192
Yukon$299,839$362,507$300,095
Northwest Territories$411,733$318,363$433,300
British Columbia$560,318$533,400$491,145
Alberta$397,701$381,642$356,488
Saskatchewan$285,476$286,809$269,967
Manitoba$262,685$253,297$239,234
Ontario$408,847$386,444$366,797
Quebec$271,679$269,421$276,170
New Brunswick$162,110$164,824$161,080
Prince Edward Island$146,055$159,432$145,586
Nova Scotia$210,370$212,268$208,749
Newfoundland$293,548$288,660$262,436
Source: CREA - Most Recent Month Reported
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