June News and Rate Advisor

Welcome to the June issue of the News & Rate Advisor.

Current Discount Mortgage Rates for Jun 2018		Conventional1	High Ratio2
Variable Rate		2.55%	2.40%
1 Year		2.99%	2.99%
3 Year		3.44%	3.39%
5 Year		3.29%	3.29%
Prime Rate		3.45%	3.45%
Note: * Rates subject to change and OAC. (1) Conventional - Uninsured, (2) High Ratio - Insured

Canadian Qualifying Rate	Jun 2018
Rate	5.34%

Source: Bank of Canada

Current Bank of Canada Rate & Prime Rates	Jun 2018	Jun 2017	Jun 2016
Bank Rate	1.50%	0.75%	0.75%
Prime Rate	3.45%	2.70%	2.70%

Source: Bank of Canada

Nationwide Building Permits	Apr 2018	Apr 2017	Apr 2016
Residential	$5,373,348,000	$4,526,519,000	$4,386,492,000
Commercial	$2,713,568,000	$2,580,695,000	$2,533,722,000
Total	$8,086,916,000	$7,107,214,000	$6,920,214,000

Source: Stats Canada - preliminary figures

Average House Prices by Province	Apr 2018	Apr 2017	Apr 2016
National	$495,100	$559,317	$508,097
Yukon	$380,551	$369,162	$357,965
Northwest Territories	$378,114	$391,750	$391,229
British Columbia	$730,333	$728,955	$743,640
Alberta	$386,939	$406,318	$393,285
Saskatchewan	$288,017	$300,719	$299,694
Manitoba	$295,839	$294,548	$278,862
Ontario	$578,072	$668,589	$540,608
Quebec	$296,968	$291,809	$276,219
New Brunswick	$178,206	$173,410	$166,267
Prince Edward Island	$229,650	$184,838	$176,886
Nova Scotia	$248,672	$241,474	$223,958
Newfoundland	$245,697	$254,131	$255,237

Source: CREA - Most Recent Month Reported

Average House Prices by City	Apr 2018	Apr 2017	Apr 2016
Yellowknife	$378,114	$391,750	$391,229
Vancouver	$1,092,000	$1,056,136	$1,091,767
Victoria	$666,700	$629,040	$606,554
Edmonton	$334,400	$377,774	$377,283
Calgary	$430,700	$475,516	$460,114
Saskatoon	$294,100	$346,486	$336,708
Regina	$275,600	$316,978	$317,098
Toronto	$766,300	$920,791	$739,082
Hamilton-Burlington	$569,490	$611,090	$514,746
Ottawa-Carleton	$382,000	$409,838	$381,699
Quebec City	$278,726	$265,833	$267,727
Montreal	$341,300	$364,373	$337,015
Fredericton	$172,995	$190,314	$183,605
Saint John	$199,136	$172,547	$168,826
Halifax-Dartmouth	$315,365	$306,240	$283,845
Winnipeg	$306,698	$302,983	$289,384

Source: CREA - Most Recent Month Reported