Tuesday 20 November 2018

November News and Rate Advisor

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

Current Discount Mortgage Rates for Nov 2018Conventional1High Ratio2
Variable Rate3.20%2.75%
1 Year3.54%3.54%
3 Year3.69%3.39%
5 Year3.69%3.59%
Prime Rate3.70%3.70%


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


Current Bank of Canada Rate & Prime RatesNov 2018Nov 2017Nov 2016
Bank Rate2.00%1.25%0.75%
Prime Rate3.70%3.20%2.70%
Source: Bank of Canada



Nationwide Building PermitsSep 2018Sep 2017Sep 2016
Residential$4,991,105,000$4,831,142,000$4,787,229,000
Commercial$3,056,573,000$3,112,835,000$2,244,709,000
Total$8,047,678,000$7,943,977,000$7,031,938,000
Source: Stats Canada - preliminary figures


Average House Prices by ProvinceSep 2018Sep 2017Sep 2016
National$486,917$487,095$474,590
Yukon$315,501$331,440$335,446
Northwest Territories$462,578$386,125$402,761
British Columbia$685,171$693,568$585,844
Alberta$385,061$390,485$396,646
Saskatchewan$273,783$284,625$294,801
Manitoba$285,055$280,026$276,646
Ontario$577,550$547,389$550,305
Quebec$317,173$298,115$292,839
New Brunswick$174,893$159,462$157,794
Prince Edward Island$205,709$188,458$167,342
Nova Scotia$231,891$215,209$233,828
Newfoundland$253,175$252,265$245,751
Source: CREA - Most Recent Month Reported


Average House Prices by CitySep 2018Sep 2017Sep 2016
Yellowknife$462,578$386,125$402,761
Vancouver$1,070,600$1,037,300$864,566
Victoria$694,200$620,700$598,740
Edmonton$326,700$370,252$373,926
Calgary$424,200$435,400$469,818
Saskatoon$293,800$326,700$343,306
Regina$277,000$320,000$308,824
Toronto$765,400$750,800$755,755
Hamilton-Burlington$575,300$543,927$519,171
Ottawa-Carleton$392,700$367,500$360,786
Quebec City$272,456$264,406$264,652
Montreal$347,700$327,600$364,699
Fredericton$181,895$169,036$159,370
Saint John$195,002$174,665$179,350
Halifax-Dartmouth$298,140$272,491$307,239
Winnipeg$296,216$288,334$284,799
Source: CREA - Most Recent Month Reported

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