Monday, 17 December 2018

December News and Rate Advisor

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

Current Discount Mortgage Rates for Dec 2018Conventional1High Ratio2
Variable Rate3.30%2.75%
1 Year3.49%3.49%
3 Year3.65%3.39%
5 Year3.79%3.59%
Prime Rate3.95%3.95%


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


Current Bank of Canada Rate & Prime RatesDec 2018Dec 2017Dec 2016
Bank Rate2.00%1.25%0.75%
Prime Rate3.95%3.20%2.70%
Source: Bank of Canada



Nationwide Building PermitsOct 2018Oct 2017Oct 2016
Residential$5,821,791,000$4,754,561,000$5,220,944,000
Commercial$3,452,960,000$3,541,688,000$2,549,673,000
Total$9,274,751,000$8,296,249,000$7,770,617,000
Source: Stats Canada - preliminary figures


Average House Prices by ProvinceOct 2018Oct 2017Oct 2016
National$496,763$481,922$481,994
Yukon$401,491$362,733$313,723
Northwest Territories$427,371$428,913$308,310
British Columbia$689,719$719,946$606,787
Alberta$380,664$395,429$391,692
Saskatchewan$281,660$280,330$284,545
Manitoba$294,112$284,952$273,573
Ontario$588,440$562,654$561,896
Quebec$320,156$307,745$288,979
New Brunswick$163,111$162,740$160,651
Prince Edward Island$192,014$217,182$189,979
Nova Scotia$229,770$227,245$213,046
Newfoundland$239,373$248,956$254,207
Source: CREA - Most Recent Month Reported


Average House Prices by CityOct 2018Oct 2017Oct 2016
Yellowknife$427,371$428,913$308,310
Vancouver$1,062,100$1,042,300$891,705
Victoria$693,600$620,400$615,066
Edmonton$324,000$370,484$364,004
Calgary$422,000$433,000$450,279
Saskatoon$295,100$299,900$332,144
Regina$277,100$289,000$291,741
Toronto$766,300$747,800$762,975
Hamilton-Burlington$579,600$527,991$507,131
Ottawa-Carleton$393,400$369,200$366,639
Quebec City$280,787$278,672$269,925
Montreal$350,000$329,300$354,600
Fredericton$160,076$169,754$159,325
Saint John$166,766$168,575$178,673
Halifax-Dartmouth$288,293$286,026$279,611
Winnipeg$303,860$294,843$279,421
Source: CREA - Most Recent Month Reported

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

Monday, 15 October 2018

October News and Rate Advisor

Welcome to the October issue of the News & Rate Advisor.
Current Discount Mortgage Rates for Oct 2018
Conventional1 High Ratio2
Variable Rate 2.65% 2.75%
1 Year 3.19% 3.19%
3 Year 3.34% 3.29%
5 Year 3.34% 3.29%
Prime Rate 3.70% 3.70%
Canadian Qualifying Rate Oct 2018
Rate 5.34%
Source: Bank of Canada
Current Bank of Canada Rate & Prime Rates Oct 2018 Oct 2017 Oct 2016
Bank Rate 1.75% 1.25% 0.75%
Prime Rate 3.70% 3.20% 2.70%
Source: Bank of Canada

Nationwide Building Permits Aug 2018 Aug 2017 Aug 2016
Residential $5,310,449,000 $4,887,519,000 $4,516,206,000
Commercial $3,801,749,000 $2,684,389,000 $2,856,502,000
Total $9,112,198,000 $7,571,908,000 $7,372,708,000
Source: Stats Canada - preliminary figures
Average House Prices by Province Aug 2018 Aug 2017 Aug 2016
National $475,591 $472,247 $456,722
Yukon $382,801 $311,149 $341,597
Northwest Territories $417,548 $447,334 $388,119
British Columbia $669,452 $678,152 $569,281
Alberta $384,200 $392,359 $390,615
Saskatchewan $281,088 $293,995 $298,001
Manitoba $292,584 $287,794 $273,387
Ontario $553,285 $518,613 $518,586
Quebec $312,866 $298,158 $289,656
New Brunswick $177,644 $161,160 $168,737
Prince Edward Island $212,654 $195,270 $195,925
Nova Scotia $228,070 $223,738 $209,989
Newfoundland $261,107 $258,198 $265,521
Source: CREA - Most Recent Month Reported
Average House Prices by City Aug 2018 Aug 2017 Aug 2016
Yellowknife $417,548 $447,334 $388,119
Vancouver $1,083,400 $1,029,700 $833,065
Victoria $692,700 $620,700 $570,196
Edmonton $330,000 $373,438 $369,956
Calgary $426,800 $436,500 $456,663
Saskatoon $293,900 $316,700 $349,716
Regina $277,600 $313,000 $309,634
Toronto $764,800 $755,400 $710,410
Hamilton-Burlington $578,000 $554,507 $496,894
Ottawa-Carleton $391,100 $365,200 $369,055
Quebec City $283,054 $266,072 $279,780
Montreal $345,600 $326,400 $358,935
Fredericton $187,714 $166,135 $187,411
Saint John $185,934 $172,803 $165,661
Halifax-Dartmouth $295,413 $284,037 $281,977
Winnipeg $302,100 $297,897 $278,718
Source: CREA - Most Recent Month Reported

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