Thursday 4 August 2016

July News and Rate Advisor


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

Current Discount Mortgage RatesJul 2016
Variable Rate2.35%
1 Year2.29%
2 Year2.24%
3 Year2.29%
4 Year2.49%
5 Year2.49%
7 Year3.44%
10 Year3.84%
Prime Rate2.70%
* Rates subject to change and OAC.


Canadian Qualifying RateJul 2016
Rate4.74%
Source: Bank of Canada


Current Posted Mortgage RatesJul 2016Jul 2015Jul 2014
1 Year3.14%2.89%3.14%
3 Year3.39%3.39%3.75%
5 Year4.74%4.64%4.79%
Source: Bank of Canada


Nationwide Building PermitsMay 2016May 2015May 2014
Residential$4,339,934,000$3,941,034,000$4,172,131,000
Commercial$2,451,105,000$2,802,125,000$2,871,096,000
Total$6,791,039,000$6,743,159,000$7,043,227,000
Source: Stats Canada - preliminary figures


Current Bank of Canada Rate & Prime RatesJul 2016Jul 2015Jul 2014
Bank Rate0.50%0.75%1.25%
Prime Rate2.70%2.70%3.00%
Source: Bank of Canada



Average House Prices by CityMay 2016May 2015May 2014
Yellowknife$439,610$374,363$462,143
Vancouver$1,055,495$905,701$814,418
Victoria$585,994$527,770$496,378
Edmonton$382,695$381,111$371,871
Calgary$476,886$465,941$465,579
Saskatoon$338,153$345,907$338,195
Regina$326,656$320,393$317,662
Toronto$751,908$649,599$585,204
Hamilton-Burlington$497,792$447,019$406,007
Ottawa-Carleton$384,212$386,331$383,168
Quebec City$266,269$268,534$270,824
Montreal$354,533$338,685$335,937
Fredericton$208,115$179,674$196,656
Saint John$165,762$169,400$183,755
Halifax-Dartmouth$294,493$293,734$290,587
Winnipeg$290,063$287,587$287,026
Source: CREA - Most Recent Month Reported


Average House Prices by ProvinceMay 2016May 2015May 2014
National$509,460$450,886$416,584
Yukon$329,993$333,136$314,974
Northwest Territories$439,610$374,363$462,143
British Columbia$722,146$632,182$565,233
Alberta$402,751$405,105$405,294
Saskatchewan$297,303$304,356$301,409
Manitoba$283,058$279,729$279,668
Ontario$547,860$483,766$447,682
Quebec$285,171$276,937$276,919
New Brunswick$180,839$164,736$178,609
Prince Edward Island$172,581$167,391$177,533
Nova Scotia$232,597$244,608$215,298
Newfoundland$246,848$278,263$295,199
Source: CREA - Most Recent Month Reported



 "Always Striving to be your Trusted Mortgage Advisor!"


Powered By GoMax Solutions

romano.phil@gmail.com is currently subscribed to receive email correspondence from Phil Romano [2-1253 Silvan Forest Drive, Burlington, ON - (905) 516-1150].
Click here to manage your subscriptions.

No comments:

Post a Comment