Welcome to the July issue of the News & Rate Advisor.
| Current Discount Mortgage Rates |
Jul 2014 |
| Variable Rate |
2.45% |
| 1 Year |
2.89% |
| 2 Year |
2.34% |
| 3 Year |
2.79% |
| 4 Year |
2.77% |
| 5 Year |
2.99% |
| 7 Year |
3.79% |
| 10 Year |
4.39% |
| Prime Rate |
3.00% |
| * Rates subject to change and OAC. |
| Canadian Qualifying Rate |
Jul 2014 |
| Rate |
4.79% |
Source: Bank of Canada
| Current Posted Mortgage Rates |
Jul 2014 |
Jul 2013 |
Jul 2012 |
| 1 Year |
3.14% |
3.14% |
3.10% |
| 3 Year |
3.75% |
3.75% |
3.95% |
| 5 Year |
4.79% |
5.14% |
5.24% |
Source: Bank of Canada
| Nationwide Building Permits |
May 2014 |
May 2013 |
May 2012 |
| Residential |
$4,134,301,000.00 |
$4,554,913,000.00 |
$4,184,799,000 |
| Commercial |
$2,811,245,000.00 |
$2,856,371,000.00 |
$2,825,538,000 |
| Total |
$6,945,546,000.00 |
$7,411,284,000.00 |
$7,010,337,000 |
Source: Stats Canada - preliminary figures
| Current Bank of Canada Rate & Prime Rates |
Jul 2014 |
Jul 2013 |
Jul 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 |
May 2014 |
May 2013 |
May 2012 |
| Yellowknife |
$462,143 |
$373,454 |
$441,465 |
| Vancouver |
$814,418 |
$772,569 |
$732,736 |
| Victoria |
$496,378 |
$477,281 |
$506,195 |
| Edmonton |
$371,871 |
$350,921 |
$347,078 |
| Calgary |
$465,579 |
$440,675 |
$429,459 |
| Saskatoon |
$338,195 |
$341,737 |
$318,603 |
| Regina |
$317,662 |
$322,029 |
$303,393 |
| Toronto |
$585,204 |
$542,174 |
$516,787 |
| Hamilton-Burlington |
$406,007 |
$416,664 |
$369,292 |
| Ottawa-Carleton |
$383,168 |
$370,591 |
$363,502 |
| Quebec City |
$270,824 |
$273,389 |
$260,230 |
| Montreal |
$335,937 |
$331,594 |
$329,282 |
| Fredericton |
$196,656 |
$200,245 |
$201,176 |
| Saint John |
$183,755 |
$182,829 |
$175,815 |
| Halifax-Dartmouth |
$290,587 |
$285,583 |
$283,010 |
| Winnipeg |
$287,026 |
$274,437 |
$266,379 |
Source: CREA - Most Recent Month Reported
| Average House Prices by Province |
May 2014 |
May 2013 |
May 2012 |
| National |
$416,584 |
$388,910 |
$375,605 |
| Yukon |
$314,974 |
$344,053 |
$381,871 |
| Northwest Territories |
$462,143 |
$373,454 |
$441,465 |
| British Columbia |
$565,233 |
$534,013 |
$519,923 |
| Alberta |
$405,294 |
$385,702 |
$374,653 |
| Saskatchewan |
$301,409 |
$294,414 |
$280,517 |
| Manitoba |
$279,668 |
$267,662 |
$256,923 |
| Ontario |
$447,682 |
$418,430 |
$403,156 |
| Quebec |
$276,919 |
$277,225 |
$274,840 |
| New Brunswick |
$178,609 |
$173,256 |
$175,466 |
| Prince Edward Island |
$177,533 |
$166,994 |
$153,137 |
| Nova Scotia |
$215,298 |
$229,646 |
$237,285 |
| Newfoundland |
$295,199 |
$274,342 |
$255,897 |
Source: CREA - Most Recent Month Reported
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