Wednesday 15 November 2017

November News and Rate Advisor

Welcome to the November issue of the News & Rate Advisor.
Current Discount Mortgage Rates for Nov 2017
Conventional1 High Ratio2
Variable Rate 2.65% 2.40%
1 Year 2.94% 2.94%
3 Year 3.19% 3.04%
5 Year 3.09% 3.04%
Prime Rate 3.20% 3.20%
Canadian Qualifying Rate Nov 2017
Rate 4.99%
Source: Bank of Canada
Current Bank of Canada Rate & Prime Rates Nov 2017 Nov 2016 Nov 2015
Bank Rate 1.25% 0.75% 0.75%
Prime Rate 3.20% 2.70% 2.70%
Source: Bank of Canada

Nationwide Building Permits Sep 2017 Sep 2016 Sep 2015
Residential $4,804,802,000 $4,787,229,000 $4,191,832,000
Commercial $3,056,680,000 $2,244,709,000 $2,869,735,000
Total $7,861,482,000 $7,031,938,000 $7,061,567,000
Source: Stats Canada - preliminary figures
Average House Prices by Province Sep 2017 Sep 2016 Sep 2015
National $487,095 $474,590 $433,649
Yukon $331,440 $335,446 $344,790
Northwest Territories $386,125 $402,761 $402,089
British Columbia $693,568 $585,844 $605,258
Alberta $390,485 $396,646 $381,758
Saskatchewan $284,625 $294,801 $281,982
Manitoba $280,026 $276,646 $264,534
Ontario $547,389 $550,305 $458,483
Quebec $298,115 $292,839 $281,896
New Brunswick $159,462 $157,794 $159,756
Prince Edward Island $188,458 $167,342 $146,079
Nova Scotia $215,209 $233,828 $245,777
Newfoundland $252,265 $245,751 $274,840
Source: CREA - Most Recent Month Reported
Average House Prices by City Sep 2017 Sep 2016 Sep 2015
Yellowknife $386,125 $402,761 $402,089
Vancouver $1,037,300 $864,566 $857,015
Victoria $620,700 $598,740 $507,560
Edmonton $370,252 $373,926 $368,874
Calgary $435,400 $469,818 $443,768
Saskatoon $326,700 $343,306 $324,410
Regina $320,000 $308,824 $303,025
Toronto $750,800 $755,755 $627,395
Hamilton-Burlington $543,927 $519,171 $449,233
Ottawa-Carleton $367,500 $360,786 $366,145
Quebec City $264,406 $264,652 $267,940
Montreal $327,600 $364,699 $343,452
Fredericton $169,036 $159,370 $175,982
Saint John $174,665 $179,350 $149,591
Halifax-Dartmouth $272,491 $307,239 $286,698
Winnipeg $288,334 $284,799 $274,541
Source: CREA - Most Recent Month Reported





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