October News and Rate Advisor

Welcome to the October issue of the News & Rate Advisor. Current Discount Mortgage Rates Oct 2015 Variable Rate 2.20% 1 Year 2.29% 2 Year 2.09% 3 Year 2.34% 4 Year 2.54% 5 Year 2.67% 7 Year 3.39% 10 Year 3.84% Prime Rate 2.70% * Rates subject to change and OAC. Canadian Qualifying Rate Oct 2015 Rate 4.64% Source: Bank of Canada Current Posted Mortgage Rates Oct 2015 Oct 2014 Oct 2013 1 Year 2.89% 3.14% 3.14% 3 Year 3.39% 3.44% 3.95% 5 Year 4.64% 4.79% 5.34% Source: Bank of Canada Nationwide Building Permits Aug 2015 Aug 2014 Aug 2013 Residential $4,749,968,000 $4,170,031,000 $3,938,247,000 Commercial $2,798,437,000 $2,480,272,000 $2,495,214,000 Total $7,548,405,000 $6,650,303,000 $6,433,461,000 Source: Stats Canada - preliminary figures Current Bank of Canada Rate & Prime Rates Oct 2015 Oct 2014 Oct 2013 Bank Rate 0.75% 1.25% 1.25% Prime Rate 2.70% 3.00% 3.00% Source: Bank of Canada Average House Prices by City Aug 2015 Aug 2014 Aug 2013 Yellowknife $416,577 $411,733 $318,363 Vancouver $900,592 $802,763 $784,567 Victoria $544,862 $497,608 $479,978 Edmonton $372,256 $368,597 $348,758 Calgary $450,260 $454,994 $432,576 Saskatoon $339,426 $333,434 $327,281 Regina $311,318 $294,338 $311,860 Toronto $602,607 $546,303 $503,094 Hamilton-Burlington $464,101 $397,938 $376,284 Ottawa-Carleton $354,035 $361,730 $348,822 Quebec City $273,495 $278,517 $268,104 Montreal $342,010 $328,745 $327,165 Fredericton $167,100 $180,401 $177,192 Saint John $311,166 $166,548 $176,632 Halifax-Dartmouth $274,022 $276,080 $272,069 Winnipeg $276,397 $270,246 $261,666 Source: CREA - Most Recent Month Reported Average House Prices by Province Aug 2015 Aug 2014 Aug 2013 National $433,367 $398,618 $378,369 Yukon $357,252 $299,839 $362,507 Northwest Territories $416,577 $411,733 $318,363 British Columbia $619,881 $560,318 $533,400 Alberta $388,551 $397,701 $381,642 Saskatchewan $292,583 $285,476 $286,809 Manitoba $269,321 $262,685 $253,297 Ontario $455,611 $408,847 $386,444 Quebec $280,253 $271,679 $269,421 New Brunswick $154,973 $162,110 $164,824 Prince Edward Island $157,949 $146,055 $159,432 Nova Scotia $220,161 $210,370 $212,268 Newfoundland $292,960 $293,548 $288,660 Source: CREA - Most Recent Month Reported

"Always Striving to be your Trusted Mortgage Advisor!"

Powered By GoMax Solutions