Welcome to the January issue of the News & Rate Advisor.
| Current Discount Mortgage Rates |
Jan 2014 |
| Variable Rate |
2.60% |
| 1 Year |
2.99% |
| 2 Year |
2.89% |
| 3 Year |
3.09% |
| 4 Year |
3.39% |
| 5 Year |
3.55% |
| 7 Year |
3.99% |
| 10 Year |
4.49% |
| Prime Rate |
3.00% |
| * Rates subject to change and OAC. |
| Canadian Qualifying Rate |
Jan 2014 |
| Rate |
5.34% |
Source: Bank of Canada
| Current Posted Mortgage Rates |
Jan 2014 |
Jan 2013 |
Jan 2012 |
| 1 Year |
3.14% |
3.00% |
3.50% |
| 3 Year |
3.95% |
3.65% |
4.05% |
| 5 Year |
5.34% |
5.24% |
5.29% |
Source: Bank of Canada
| Nationwide Building Permits |
Nov 2013 |
Nov 2012 |
Nov 2011 |
| Residential |
$4,092,555,000 |
$3,763,739,000 |
$3,851,714,000 |
| Commercial |
$2,661,915,000 |
$2,692,478,000 |
$2,311,642,000 |
| Total |
$6,754,470,000 |
$6,456,217,000 |
$6,163,356,000 |
Source: Stats Canada - preliminary figures
| Current Bank of Canada Rate & Prime Rates |
Jan 2014 |
Jan 2013 |
Jan 2012 |
| Bank Rate |
1.25% |
1.25% |
1.25% |
| Prime Rate |
3.00% |
3.00% |
3.00% |
Source: Bank of Canada
| Average House Prices by City |
Nov 2013 |
Nov 2012 |
Nov 2011 |
| Yellowknife |
$341,343 |
$392,904 |
$362,650 |
| Vancouver |
$774,932 |
$682,215 |
$728,118 |
| Victoria |
$454,703 |
$491,326 |
$499,676 |
| Edmonton |
$339,703 |
$331,526 |
$319,559 |
| Calgary |
$445,114 |
$413,921 |
$398,722 |
| Saskatoon |
$334,440 |
$330,125 |
$314,541 |
| Regina |
$306,631 |
$309,219 |
$273,243 |
| Toronto |
$538,881 |
$485,328 |
$480,421 |
| Hamilton-Burlington |
$368,947 |
$369,201 |
$342,005 |
| Ottawa-Carleton |
$359,082 |
$350,211 |
$347,675 |
| Quebec City |
$261,123 |
$260,783 |
$250,888 |
| Montreal |
$320,693 |
$333,324 |
$322,808 |
| Fredericton |
$159,892 |
$175,122 |
$161,279 |
| Saint John |
$170,126 |
$168,623 |
$159,101 |
| Halifax-Dartmouth |
$267,717 |
$266,740 |
$262,714 |
| Winnipeg |
$261,832 |
$263,786 |
$236,127 |
Source: CREA - Most Recent Month Reported
| Average House Prices by Province |
Nov 2013 |
Nov 2012 |
Nov 2011 |
| National |
$391,085 |
$356,687 |
$360,396 |
| Yukon |
$353,498 |
$306,590 |
$313,064 |
| Northwest Territories |
$341,343 |
$392,904 |
$362,650 |
| British Columbia |
$557,586 |
$480,891 |
$529,141 |
| Alberta |
$385,217 |
$365,999 |
$356,535 |
| Saskatchewan |
$290,859 |
$277,487 |
$255,580 |
| Manitoba |
$255,636 |
$253,995 |
$229,934 |
| Ontario |
$408,251 |
$376,806 |
$373,781 |
| Quebec |
$264,690 |
$275,656 |
$267,342 |
| New Brunswick |
$156,787 |
$157,488 |
$156,126 |
| Prince Edward Island |
$151,363 |
$146,646 |
$139,740 |
| Nova Scotia |
$209,997 |
$208,681 |
$213,334 |
| Newfoundland |
$282,123 |
$274,485 |
$260,902 |
Source: CREA - Most Recent Month Reported
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