Thursday 15 June 2017

June News and Rate Advisor

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

Current Discount Mortgage Rates for Jun 2017Rate
Variable Rate2.30%
1 Year2.29%
3 Year2.44%
5 Year2.69%
Prime Rate2.70%


Canadian Qualifying RateJun 2017
Rate4.64%
Source: Bank of Canada


Current Bank of Canada Rate & Prime RatesJun 2017Jun 2016Jun 2015
Bank Rate0.75%0.75%1.00%
Prime Rate2.70%2.70%2.85%
Source: Bank of Canada



Nationwide Building PermitsApr 2017Apr 2016Apr 2015
Residential$4,474,425,000$4,386,492,000$4,539,491,000
Commercial$2,582,341,000$2,533,722,000$3,296,020,000
Total$7,056,766,000$6,920,214,000$7,835,511,000
Source: Stats Canada - preliminary figures


Average House Prices by ProvinceApr 2017Apr 2016Apr 2015
National$559,317$508,097$488,862
Yukon$369,162$357,965$361,753
Northwest Territories$391,750$391,229$457,465
British Columbia$728,955$743,640$634,744
Alberta$406,318$393,285$397,811
Saskatchewan$300,719$299,694$304,433
Manitoba$294,548$278,862$284,320
Ontario$668,589$540,608$481,090
Quebec$291,809$276,219$272,802
New Brunswick$173,410$166,267$165,622
Prince Edward Island$184,838$176,886$170,396
Nova Scotia$241,474$223,958$213,633
Newfoundland$254,131$255,237$276,760
Source: CREA - Most Recent Month Reported

Average House Prices by CityApr 2017Apr 2016Apr 2015
Yellowknife$391,750$391,229$457,465
Vancouver$1,056,136$1,091,767$899,178
Victoria$629,040$606,554$520,975
Edmonton$377,774$377,283$377,270
Calgary$475,516$460,114$455,155
Saskatoon$346,486$336,708$336,062
Regina$316,978$317,098$335,534
Toronto$920,791$739,082$635,932
Hamilton-Burlington$611,090$514,746$448,007
Ottawa-Carleton$409,838$381,699$382,960
Quebec City$265,833$267,727$272,159
Montreal$364,373$337,015$333,943
Fredericton$190,314$183,605$199,859
Saint John$172,547$168,826$161,326
Halifax-Dartmouth$306,240$283,845$280,529
Winnipeg$302,983$289,384$292,456
Source: CREA - Most Recent Month Reported

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