Welcome to the April issue of the News & Rate Advisor.
| Current Discount Mortgage Rates |
Apr 2013 |
| Variable Rate |
2.70% |
| 1 Year |
2.74% |
| 2 Year |
2.69% |
| 3 Year |
2.69% |
| 4 Year |
2.99% |
| 5 Year |
2.89% |
| 7 Year |
3.59% |
| 10 Year |
3.69% |
| Prime Rate |
3.00% |
| * Rates subject to change and OAC. |
| Canadian Qualifying Rate |
Apr 2013 |
| Rate |
5.14% |
Source: Bank of Canada
| Current Posted Mortgage Rates |
Apr 2013 |
Apr 2012 |
Apr 2011 |
| 1 Year |
3.00% |
3.20% |
3.70% |
| 3 Year |
3.55% |
3.95% |
4.45% |
| 5 Year |
5.14% |
5.44% |
5.69% |
Source: Bank of Canada
| Nationwide Building Permits. |
Feb 2013 |
Feb 2012 |
Feb 2011 |
| Residential |
$3,582,691,000 |
$3,953,284,000 |
$2,979,492,000 |
| Commercial |
$2,371,468,000 |
$2,571,781,000 |
$2,822,234,000 |
| Total |
$5,954,159,000 |
$6,525,065,000 |
$5,801,726,000 |
Source: Stats Canada - preliminary figures
| Current Bank of Canada Rate & Prime Rates |
Apr 2013 |
Apr 2012 |
Apr 2011 |
| Bank Rate |
1.25% |
1.25% |
1.25% |
| Prime Rate |
3.00% |
3.00% |
3.00% |
Source: Bank of Canada
| Average House Prices by Province |
Feb 2013 |
Feb 2012 |
Feb 2011 |
| National |
$368,895 |
$372,763 |
$365,192 |
| Yukon |
$327,725 |
$342,872 |
$299,393 |
| Northwest Territories |
$301,980 |
$386,700 |
$381,492 |
| British Columbia |
$529,922 |
$576,916 |
$587,576 |
| Alberta |
$378,685 |
$359,721 |
$352,076 |
| Saskatchewan |
$280,915 |
$263,489 |
$251,302 |
| Manitoba |
$259,397 |
$243,192 |
$222,071 |
| Ontario |
$392,962 |
$390,901 |
$359,592 |
| Quebec |
$271,912 |
$264,733 |
$251,902 |
| New Brunswick |
$156,119 |
$156,507 |
$151,063 |
| Prince Edward Island |
$157,361 |
$155,137 |
$134,135 |
| Nova Scotia |
$211,772 |
$222,620 |
$207,051 |
| Newfoundland |
$295,588 |
$258,965 |
$240,403 |
Source: CREA - Most Recent Month Reported
| Average House Prices by City |
Feb 2013 |
Feb 2012 |
Feb 2011 |
| Yellowknife |
$301,980 |
$386,700 |
$381,492 |
| Vancouver |
$760,976 |
$806,094 |
$791,604 |
| Victoria |
$463,265 |
$464,570 |
$490,970 |
| Edmonton |
$334,347 |
$329,820 |
$311,674 |
| Calgary |
$438,755 |
$405,687 |
$400,879 |
| Saskatoon |
$313,781 |
$297,628 |
$287,202 |
| Regina |
$310,551 |
$285,374 |
$272,609 |
| Toronto |
$510,580 |
$502,508 |
$454,470 |
| Hamilton-Burlington |
$375,381 |
$356,980 |
$331,741 |
| Ottawa-Carleton |
$348,386 |
$349,797 |
$337,797 |
| Quebec City |
$267,826 |
$253,915 |
$244,326 |
| Montreal |
$325,261 |
$320,243 |
$300,471 |
| Fredericton |
$166,687 |
$161,785 |
$152,696 |
| Saint John |
$171,191 |
$180,104 |
$175,371 |
| Halifax-Dartmouth |
$259,606 |
$265,230 |
$261,638 |
| Winnipeg |
$270,463 |
$250,753 |
$228,180 |
Source: CREA - Most Recent Month Reported
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