November News and Rate Advisor

Welcome to the November issue of the News & Rate Advisor. Current Discount Mortgage Rates for Nov 2017 Conventional1 High Ratio2 Variable Rate 2.65% 2.40% 1 Year 2.94% 2.94% 3 Year 3.19% 3.04% 5 Year 3.09% 3.04% Prime Rate 3.20% 3.20% Note: * Rates subject to change and OAC. (1) Conventional - Uninsured, (2) High Ratio - Insured Canadian Qualifying Rate Nov 2017 Rate 4.99% Source: Bank of Canada Current Bank of Canada Rate & Prime Rates Nov 2017 Nov 2016 Nov 2015 Bank Rate 1.25% 0.75% 0.75% Prime Rate 3.20% 2.70% 2.70% Source: Bank of Canada Nationwide Building Permits Sep 2017 Sep 2016 Sep 2015 Residential $4,804,802,000 $4,787,229,000 $4,191,832,000 Commercial $3,056,680,000 $2,244,709,000 $2,869,735,000 Total $7,861,482,000 $7,031,938,000 $7,061,567,000 Source: Stats Canada - preliminary figures Average House Prices by Province Sep 2017 Sep 2016 Sep 2015 National $487,095 $474,590 $433,649 Yukon $331,440 $335,446 $344,790 Northwest Territories $386,125 $402,761 $402,089 British Columbia $693,568 $585,844 $605,258 Alberta $390,485 $396,646 $381,758 Saskatchewan $284,625 $294,801 $281,982 Manitoba $280,026 $276,646 $264,534 Ontario $547,389 $550,305 $458,483 Quebec $298,115 $292,839 $281,896 New Brunswick $159,462 $157,794 $159,756 Prince Edward Island $188,458 $167,342 $146,079 Nova Scotia $215,209 $233,828 $245,777 Newfoundland $252,265 $245,751 $274,840 Source: CREA - Most Recent Month Reported Average House Prices by City Sep 2017 Sep 2016 Sep 2015 Yellowknife $386,125 $402,761 $402,089 Vancouver $1,037,300 $864,566 $857,015 Victoria $620,700 $598,740 $507,560 Edmonton $370,252 $373,926 $368,874 Calgary $435,400 $469,818 $443,768 Saskatoon $326,700 $343,306 $324,410 Regina $320,000 $308,824 $303,025 Toronto $750,800 $755,755 $627,395 Hamilton-Burlington $543,927 $519,171 $449,233 Ottawa-Carleton $367,500 $360,786 $366,145 Quebec City $264,406 $264,652 $267,940 Montreal $327,600 $364,699 $343,452 Fredericton $169,036 $159,370 $175,982 Saint John $174,665 $179,350 $149,591 Halifax-Dartmouth $272,491 $307,239 $286,698 Winnipeg $288,334 $284,799 $274,541 Source: CREA - Most Recent Month Reported

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