Tuesday 19 June 2018

June News and Rate Advisor

Welcome to the June issue of the News & Rate Advisor.
Current Discount Mortgage Rates for Jun 2018
Conventional1 High Ratio2
Variable Rate   2.55% 2.40%
1 Year   2.99% 2.99%
3 Year   3.44% 3.39%
5 Year   3.29% 3.29%
Prime Rate   3.45% 3.45%
Canadian Qualifying Rate Jun 2018
Rate 5.34%
Source: Bank of Canada
Current Bank of Canada Rate & Prime Rates Jun 2018 Jun 2017 Jun 2016
Bank Rate 1.50% 0.75% 0.75%
Prime Rate 3.45% 2.70% 2.70%
Source: Bank of Canada

Nationwide Building Permits Apr 2018 Apr 2017 Apr 2016
Residential $5,373,348,000 $4,526,519,000 $4,386,492,000
Commercial $2,713,568,000 $2,580,695,000 $2,533,722,000
Total $8,086,916,000 $7,107,214,000 $6,920,214,000
Source: Stats Canada - preliminary figures
Average House Prices by Province Apr 2018 Apr 2017 Apr 2016
National $495,100 $559,317 $508,097
Yukon $380,551 $369,162 $357,965
Northwest Territories $378,114 $391,750 $391,229
British Columbia $730,333 $728,955 $743,640
Alberta $386,939 $406,318 $393,285
Saskatchewan $288,017 $300,719 $299,694
Manitoba $295,839 $294,548 $278,862
Ontario $578,072 $668,589 $540,608
Quebec $296,968 $291,809 $276,219
New Brunswick $178,206 $173,410 $166,267
Prince Edward Island $229,650 $184,838 $176,886
Nova Scotia $248,672 $241,474 $223,958
Newfoundland $245,697 $254,131 $255,237
Source: CREA - Most Recent Month Reported
Average House Prices by City Apr 2018 Apr 2017 Apr 2016
Yellowknife $378,114 $391,750 $391,229
Vancouver $1,092,000 $1,056,136 $1,091,767
Victoria $666,700 $629,040 $606,554
Edmonton $334,400 $377,774 $377,283
Calgary $430,700 $475,516 $460,114
Saskatoon $294,100 $346,486 $336,708
Regina $275,600 $316,978 $317,098
Toronto $766,300 $920,791 $739,082
Hamilton-Burlington $569,490 $611,090 $514,746
Ottawa-Carleton $382,000 $409,838 $381,699
Quebec City $278,726 $265,833 $267,727
Montreal $341,300 $364,373 $337,015
Fredericton $172,995 $190,314 $183,605
Saint John $199,136 $172,547 $168,826
Halifax-Dartmouth $315,365 $306,240 $283,845
Winnipeg $306,698 $302,983 $289,384
Source: CREA - Most Recent Month Reported