Wednesday 18 February 2015

February News and Rate Advisor!



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

Current Discount Mortgage RatesFeb 2015
Variable Rate2.30%
1 Year2.79%
2 Year2.39%
3 Year2.54%
4 Year2.64%
5 Year2.79%
7 Year3.79%
10 Year3.84%
Prime Rate2.85%
* Rates subject to change and OAC.


Canadian Qualifying RateFeb 2015
Rate4.79%
Source: Bank of Canada


Current Posted Mortgage RatesFeb 2015Feb 2014Feb 2013
1 Year3.14%3.14%3.00%
3 Year3.80%3.75%3.65%
5 Year4.79%5.24%5.24%
Source: Bank of Canada


Nationwide Building PermitsDec 2014Dec 2013Dec 2012
Residential$4,381,330,000$3,643,632,000$3,269,058,000
Commercial$2,725,642,000$2,793,178,000$2,477,670,000
Total$7,106,972,000$6,436,810,000$5,746,728,000
Source: Stats Canada - preliminary figures


Current Bank of Canada Rate & Prime RatesFeb 2015Feb 2014Feb 2013
Bank Rate1.00%1.25%1.25%
Prime Rate2.85%3.00%3.00%
Source: Bank of Canada



Average House Prices by CityDec 2014Dec 2013Dec 2012
Yellowknife$302,100$444,817$466,333
Vancouver$819,384$785,574$683,875
Victoria$498,716$477,792$485,945
Edmonton$359,479$347,103$329,410
Calgary$452,968$439,389$419,811
Saskatoon$340,608$328,407$324,597
Regina$302,969$291,755$317,581
Toronto$556,602$520,398$478,739
Hamilton-Burlington$387,922$371,037$336,382
Ottawa-Carleton$349,479$341,793$336,856
Quebec City$265,819$261,123$258,313
Montreal$340,489$320,693$330,665
Fredericton$156,604$153,743$173,655
Saint John$175,840$190,728$145,445
Halifax-Dartmouth$270,945$269,797$269,098
Winnipeg$271,489$298,338$257,719
Source: CREA - Most Recent Month Reported


Average House Prices by ProvinceDec 2014Dec 2013Dec 2012
National$405,233$390,034$352,787
Yukon$285,447$361,867$240,357
Northwest Territories$302,100$444,817$466,333
British Columbia$585,718$568,419$498,205
Alberta$390,528$380,477$363,340
Saskatchewan$291,524$278,764$284,346
Manitoba$263,072$286,571$249,852
Ontario$417,767$395,698$368,718
Quebec$273,291$264,690$274,125
New Brunswick$155,078$160,867$150,875
Prince Edward Island$169,877$149,021$164,775
Nova Scotia$207,429$208,555$204,858
Newfoundland$273,769$289,279$288,541
Source: CREA - Most Recent Month Reported



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