Friday, 16 February 2018

February News and Rate Advisor

Welcome to the February issue of the News & Rate Advisor.
Current Discount Mortgage Rates for Feb 2018
Rate
Variable Rate 2.45%
1 Year 2.64%
3 Year 2.84%
5 Year 3.04%
Prime Rate 3.45%
Canadian Qualifying Rate Feb 2018
Rate 5.14%
Source: Bank of Canada
Current Bank of Canada Rate & Prime Rates Feb 2018 Feb 2017 Feb 2016
Bank Rate 1.50% 0.75% 0.75%
Prime Rate 3.45% 2.70% 2.70%
Source: Bank of Canada

Nationwide Building Permits Dec 2017 Dec 2016 Dec 2015
Residential $5,163,689,000 $4,937,251,000 $4,596,835,000
Commercial $2,895,203,000 $2,288,753,000 $2,473,950,000
Total $8,058,892,000 $7,226,004,000 $7,070,785,000
Source: Stats Canada - preliminary figures
Average House Prices by Province Dec 2017 Dec 2016 Dec 2015
National $469,532 $470,661 $454,342
Yukon $432,462 $355,550 $340,083
Northwest Territories $422,572 $451,414 $327,707
British Columbia $733,744 $654,699 $700,943
Alberta $380,316 $395,694 $389,486
Saskatchewan $283,548 $289,944 $288,759
Manitoba $278,913 $273,327 $250,636
Ontario $559,102 $535,969 $450,512
Quebec $298,780 $289,551 $277,559
New Brunswick $158,014 $159,478 $154,176
Prince Edward Island $197,040 $186,573 $172,787
Nova Scotia $241,055 $213,313 $207,086
Newfoundland $252,029 $251,461 $267,093
Source: CREA - Most Recent Month Reported
Average House Prices by City Dec 2017 Dec 2016 Dec 2015
Yellowknife $422,572 $451,414 $327,707
Vancouver $1,050,300 $948,246 $980,974
Victoria $625,800 $585,267 $562,581
Edmonton $357,126 $357,916 $366,221
Calgary $427,400 $480,188 $451,297
Saskatoon $295,100 $338,147 $349,788
Regina $282,900 $311,909 $280,209
Toronto $743,500 $730,472 $609,110
Hamilton-Burlington $529,774 $481,997 $424,444
Ottawa-Carleton $369,400 $388,411 $359,777
Quebec City $274,743 $261,317 $267,352
Montreal $330,900 $360,174 $347,091
Fredericton $175,531 $175,379 $165,946
Saint John $295,482 $158,439 $152,762
Halifax-Dartmouth $298,755 $274,142 $283,075
Winnipeg $289,155 $279,651 $256,900
Source: CREA - Most Recent Month Reported

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