Friday 15 September 2017

September News and Rate Advisor

Welcome to the September issue of the News & Rate Advisor.
Current Discount Mortgage Rates for Sep 2017
Rate
Variable Rate 2.20%
1 Year 2.44%
3 Year 2.69%
5 Year 2.94%
Prime Rate 2.95%
Canadian Qualifying Rate Sep 2017
Rate 4.84%
Source: Bank of Canada
Current Bank of Canada Rate & Prime Rates Sep 2017 Sep 2016 Sep 2015
Bank Rate 1.25% 0.75% 0.75%
Prime Rate 2.95% 2.70% 2.70%
Source: Bank of Canada

Nationwide Building Permits Jul 2017 Jul 2016 Jul 2015
Residential $5,010,106,000 $4,087,851,000 $5,005,523,000
Commercial $2,911,455,000 $2,554,845,000 $2,836,355,000
Total $7,921,561,000 $6,642,696,000 $7,841,878,000
Source: Stats Canada - preliminary figures
Average House Prices by Province Jul 2017 Jul 2016 Jul 2015
National $478,696 $480,743 $437,699
Yukon $376,909 $344,863 $351,916
Northwest Territories $366,991 $388,352 $398,889
British Columbia $698,718 $663,411 $608,294
Alberta $396,946 $403,666 $394,977
Saskatchewan $291,399 $303,414 $305,431
Manitoba $283,978 $275,914 $273,164
Ontario $517,379 $517,831 $454,098
Quebec $303,083 $284,662 $278,760
New Brunswick $173,797 $164,961 $168,412
Prince Edward Island $192,605 $180,427 $171,140
Nova Scotia $228,399 $221,689 $217,236
Newfoundland $244,653 $252,846 $275,072
Source: CREA - Most Recent Month Reported
Average House Prices by City Jul 2017 Jul 2016 Jul 2015
Yellowknife $366,991 $388,352 $398,889
Vancouver $1,029,786 $1,007,687 $866,772
Victoria $644,510 $580,555 $519,379
Edmonton $383,624 $384,504 $372,910
Calgary $458,480 $469,325 $459,958
Saskatoon $325,718 $346,879 $350,246
Regina $319,595 $314,714 $309,696
Toronto $746,218 $709,825 $609,236
Hamilton-Burlington $536,595 $491,360 $434,730
Ottawa-Carleton $391,119 $374,431 $369,718
Quebec City $268,884 $266,578 $276,561
Montreal $378,401 $349,218 $341,594
Fredericton $187,119 $181,833 $178,479
Saint John $179,048 $168,266 $178,089
Halifax-Dartmouth $299,847 $292,511 $287,288
Winnipeg $294,216 $282,684 $281,684
Source: CREA - Most Recent Month Reported





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