Tuesday 18 September 2018

September News and Rate Advisor

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

Current Discount Mortgage Rates for Sep 2018Conventional1High Ratio2
Variable Rate3.00%2.75%
1 Year3.14%3.14%
3 Year3.59%3.54%
5 Year3.74%3.39%
Prime Rate3.70%3.70%


Canadian Qualifying RateSep 2018
Rate5.34%
Source: Bank of Canada


Current Bank of Canada Rate & Prime RatesSep 2018Sep 2017Sep 2016
Bank Rate1.75%1.25%0.75%
Prime Rate3.70%3.20%2.70%
Source: Bank of Canada



Nationwide Building PermitsJul 2018Jul 2017Jul 2016
Residential$5,999,154,000$5,013,737,000$4,087,851,000
Commercial$3,625,648,000$2,965,814,000$2,554,845,000
Total$9,624,802,000$7,979,551,000$6,642,696,000
Source: Stats Canada - preliminary figures


Average House Prices by ProvinceJul 2018Jul 2017Jul 2016
National$481,429$478,696$480,743
Yukon$377,110$376,909$344,863
Northwest Territories$433,489$366,991$388,352
British Columbia$695,660$698,718$663,411
Alberta$385,156$396,946$403,666
Saskatchewan$291,435$291,399$303,414
Manitoba$286,071$283,978$275,914
Ontario$557,533$517,379$517,831
Quebec$309,862$303,083$284,662
New Brunswick$184,118$173,797$164,961
Prince Edward Island$190,834$192,605$180,427
Nova Scotia$235,239$228,399$221,689
Newfoundland$254,533$244,653$252,846
Source: CREA - Most Recent Month Reported

Average House Prices by CityJul 2018Jul 2017Jul 2016
Yellowknife$377,110$366,991$388,352
Vancouver$1,087,500$1,029,786$1,007,687
Victoria$672,800$644,510$580,555
Edmonton$334,400$383,624$384,504
Calgary$430,000$458,480$469,325
Saskatoon$297,200$325,718$346,879
Regina$281,100$319,595$314,714
Toronto$768,400$746,218$709,825
Hamilton-Burlington$555,459$536,595$491,360
Ottawa-Carleton$390,100$391,119$374,431
Quebec City$268,897$268,884$266,578
Montreal$345,000$378,401$349,218
Fredericton$197,103$187,119$181,833
Saint John$186,976$179,048$168,266
Halifax-Dartmouth$293,638$299,847$292,511
Winnipeg$296,735$294,216$282,684
Source: CREA - Most Recent Month Reported