Welcome to the January (TEST) issue of the News & Rate Advisor.
| Current Discount Mortgage Rates | Jan 2015 |
| Variable Rate | 2.45% |
| 1 Year | 2.89% |
| 2 Year | 2.59% |
| 3 Year | 2.69% |
| 4 Year | 2.89% |
| 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 | Jan 2015 |
| Rate | 4.79% |
Source: Bank of Canada
| Current Posted Mortgage Rates | Jan 2015 | Jan 2014 | Jan 2013 |
| 1 Year | 3.14% | 3.14% | 3.00% |
| 3 Year | 3.44% | 3.75% | 3.65% |
| 5 Year | 4.79% | 5.24% | 5.24% |
Source: Bank of Canada
| Nationwide Building Permits | Nov 2014 | Nov 2013 | Nov 2012 |
| Residential | $4,356,903,000 | $4,081,721,000 | $3,763,739,000 |
| Commercial | $2,227,710,000 | $2,679,245,000 | $2,692,478,000 |
| Total | $6,584,613,000 | $6,760,966,000 | $6,456,217,000 |
Source: Stats Canada - preliminary figures
| Current Bank of Canada Rate & Prime Rates | Jan 2015 | Jan 2014 | Jan 2013 |
| 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 2014 | Nov 2013 | Nov 2012 |
| Yellowknife | $205,500 | $341,343 | $392,904 |
| Vancouver | $801,450 | $774,932 | $682,215 |
| Victoria | $466,453 | $454,703 | $491,326 |
| Edmonton | $381,371 | $339,703 | $331,526 |
| Calgary | $462,031 | $445,114 | $413,921 |
| Saskatoon | $346,015 | $334,440 | $330,125 |
| Regina | $298,290 | $306,631 | $309,219 |
| Toronto | $577,936 | $538,881 | $485,328 |
| Hamilton-Burlington | $398,590 | $368,947 | $369,201 |
| Ottawa-Carleton | $358,196 | $359,082 | $350,211 |
| Quebec City | $265,825 | $261,123 | $260,783 |
| Montreal | $345,032 | $320,693 | $333,324 |
| Fredericton | $146,242 | $159,892 | $175,122 |
| Saint John | $191,082 | $170,126 | $168,623 |
| Halifax-Dartmouth | $266,362 | $267,717 | $266,740 |
| Winnipeg | $266,945 | $261,832 | $263,786 |
Source: CREA - Most Recent Month Reported
| Average House Prices by Province | Nov 2014 | Nov 2013 | Nov 2012 |
| National | $413,649 | $391,085 | $356,687 |
| Yukon | $242,694 | $353,498 | $306,590 |
| Northwest Territories | $205,500 | $341,343 | $392,904 |
| British Columbia | $574,694 | $557,586 | $480,891 |
| Alberta | $407,071 | $385,217 | $365,999 |
| Saskatchewan | $295,487 | $290,859 | $277,487 |
| Manitoba | $261,180 | $255,636 | $253,995 |
| Ontario | $433,561 | $408,251 | $376,806 |
| Quebec | $279,014 | $264,690 | $275,656 |
| New Brunswick | $160,766 | $156,787 | $157,488 |
| Prince Edward Island | $180,487 | $151,363 | $146,646 |
| Nova Scotia | $206,251 | $209,997 | $208,681 |
| Newfoundland | $273,177 | $282,123 | $274,485 |
Source: CREA - Most Recent Month Reported
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