Saturday 15 November 2014

November News and Rate Advisor!



Courtesy of  Phil Romano, CPMB 905-516-1150

Certified Professional Mortgage Broker #M10002221
Verico House of Mortgage Experts

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

Current Discount Mortgage RatesNov 2014
Variable Rate2.45%
1 Year2.89%
2 Year2.49%
3 Year2.69%
4 Year2.77%
5 Year2.99%
7 Year3.79%
10 Year4.39%
Prime Rate3.00%
* Rates subject to change and OAC.


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


Current Posted Mortgage RatesNov 2014Nov 2013Nov 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 PermitsSep 2014Sep 2013Sep 2012
Residential$4,425,667,000$4,142,346,000$4,231,605,000
Commercial$3,072,431,000$2,557,605,000$2,283,046,000
Total$7,498,098,000$6,699,951,000$6,514,651,000
Source: Stats Canada - preliminary figures


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



Average House Prices by CitySep 2014Sep 2013Sep 2012
Yellowknife$394,444$341,514$403,019
Vancouver$836,735$786,522$722,681
Victoria$509,667$486,744$471,953
Edmonton$372,673$349,923$323,803
Calgary$461,099$435,934$402,756
Saskatoon$333,888$338,309$313,843
Regina$314,756$317,273$298,501
Toronto$573,676$533,797$503,662
Hamilton-Burlington$411,699$390,638$359,406
Ottawa-Carleton$357,753$348,788$353,984
Quebec City$263,681$266,353$258,564
Montreal$329,144$322,246$334,798
Fredericton$175,441$169,623$156,098
Saint John$155,384$173,240$155,723
Halifax-Dartmouth$273,026$268,286$261,126
Winnipeg$263,859$256,380$248,749
Source: CREA - Most Recent Month Reported


Average House Prices by ProvinceSep 2014Sep 2013Sep 2012
National$408,795$385,906$355,777
Yukon$330,857$263,490$366,728
Northwest Territories$394,444$341,514$403,019
British Columbia$574,641$536,682$494,213
Alberta$399,810$381,308$355,127
Saskatchewan$294,060$286,496$273,209
Manitoba$256,098$249,148$239,517
Ontario$430,522$403,347$379,900
Quebec$270,497$267,131$277,423
New Brunswick$154,338$159,702$151,030
Prince Edward Island$161,794$143,354$145,380
Nova Scotia$204,260$209,567$209,568
Newfoundland$264,650$269,036$271,572
Source: CREA - Most Recent Month Reported



 "Always Striving to be your Trusted Mortgage Advisor!"