February News and Rate Advisor

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

Current Discount Mortgage Rates for Feb 2018		Rate
Variable Rate		2.45%
1 Year		2.64%
3 Year		2.84%
5 Year		3.04%
Prime Rate		3.45%
Note: * Rates subject to change and OAC.

Canadian Qualifying Rate	Feb 2018
Rate	5.14%

Source: Bank of Canada

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

Source: Bank of Canada

Nationwide Building Permits	Dec 2017	Dec 2016	Dec 2015
Residential	$5,163,689,000	$4,937,251,000	$4,596,835,000
Commercial	$2,895,203,000	$2,288,753,000	$2,473,950,000
Total	$8,058,892,000	$7,226,004,000	$7,070,785,000

Source: Stats Canada - preliminary figures

Average House Prices by Province	Dec 2017	Dec 2016	Dec 2015
National	$469,532	$470,661	$454,342
Yukon	$432,462	$355,550	$340,083
Northwest Territories	$422,572	$451,414	$327,707
British Columbia	$733,744	$654,699	$700,943
Alberta	$380,316	$395,694	$389,486
Saskatchewan	$283,548	$289,944	$288,759
Manitoba	$278,913	$273,327	$250,636
Ontario	$559,102	$535,969	$450,512
Quebec	$298,780	$289,551	$277,559
New Brunswick	$158,014	$159,478	$154,176
Prince Edward Island	$197,040	$186,573	$172,787
Nova Scotia	$241,055	$213,313	$207,086
Newfoundland	$252,029	$251,461	$267,093

Source: CREA - Most Recent Month Reported

Average House Prices by City	Dec 2017	Dec 2016	Dec 2015
Yellowknife	$422,572	$451,414	$327,707
Vancouver	$1,050,300	$948,246	$980,974
Victoria	$625,800	$585,267	$562,581
Edmonton	$357,126	$357,916	$366,221
Calgary	$427,400	$480,188	$451,297
Saskatoon	$295,100	$338,147	$349,788
Regina	$282,900	$311,909	$280,209
Toronto	$743,500	$730,472	$609,110
Hamilton-Burlington	$529,774	$481,997	$424,444
Ottawa-Carleton	$369,400	$388,411	$359,777
Quebec City	$274,743	$261,317	$267,352
Montreal	$330,900	$360,174	$347,091
Fredericton	$175,531	$175,379	$165,946
Saint John	$295,482	$158,439	$152,762
Halifax-Dartmouth	$298,755	$274,142	$283,075
Winnipeg	$289,155	$279,651	$256,900

Source: CREA - Most Recent Month Reported

January News and Rate Advisor

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

Current Discount Mortgage Rates for Jan 2018		Rate
Variable Rate		2.45%
1 Year		2.64%
3 Year		2.84%
5 Year		3.04%
Prime Rate		3.20%
Note: * Rates subject to change and OAC.

Canadian Qualifying Rate	Jan 2018
Rate	4.99%

Source: Bank of Canada

Current Bank of Canada Rate & Prime Rates	Jan 2018	Jan 2017	Jan 2016
Bank Rate	1.25%	0.75%	0.75%
Prime Rate	3.20%	2.70%	2.70%

Source: Bank of Canada

Nationwide Building Permits	Nov 2017	Nov 2016	Nov 2015
Residential	$4,754,561,000	$5,097,630,000	$4,002,881,000
Commercial	$2,902,782,000	$2,666,635,000	$2,214,399,000
Total	$7,657,343,000	$7,764,265,000	$6,217,280,000

Source: Stats Canada - preliminary figures

Average House Prices by Province	Nov 2017	Nov 2016	Nov 2015
National	$503,852	$489,591	$456,186
Yukon	$317,892	$289,312	$343,942
Northwest Territories	$328,507	$423,222	$423,788
British Columbia	$722,905	$625,871	$668,317
Alberta	$385,030	$395,648	$385,430
Saskatchewan	$289,810	$292,303	$294,110
Manitoba	$286,221	$282,511	$271,045
Ontario	$564,193	$571,696	$471,224
Quebec	$305,470	$291,232	$283,560
New Brunswick	$157,960	$158,295	$155,127
Prince Edward Island	$204,577	$165,406	$167,875
Nova Scotia	$229,123	$218,332	$216,717
Newfoundland	$249,480	$265,395	$271,918

Source: CREA - Most Recent Month Reported

Average House Prices by City	Nov 2017	Nov 2016	Nov 2015
Yellowknife	$328,507	$423,222	$423,788
Vancouver	$1,046,900	$895,084	$930,652
Victoria	$621,900	$639,687	$495,209
Edmonton	$370,397	$373,174	$369,559
Calgary	$430,700	$468,659	$444,959
Saskatoon	$296,700	$335,660	$339,465
Regina	$284,100	$297,980	$309,240
Toronto	$744,700	$776,684	$632,685
Hamilton-Burlington	$531,021	$510,475	$431,566
Ottawa-Carleton	$369,400	$379,343	$363,117
Quebec City	$259,298	$259,562	$262,765
Montreal	$330,500	$366,956	$346,723
Fredericton	$172,006	$172,925	$158,857
Saint John	$159,576	$168,865	$175,829
Halifax-Dartmouth	$298,507	$282,700	$296,205
Winnipeg	$293,856	$279,557	$278,134

Source: CREA - Most Recent Month Reported

December News and Rate Advisor

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

Current Discount Mortgage Rates for Dec 2017		Rate
Variable Rate		2.45%
1 Year		2.64%
3 Year		2.84%
5 Year		3.04%
Prime Rate		3.20%
Note: * Rates subject to change and OAC.

Canadian Qualifying Rate	Dec 2017
Rate	4.99%

Source: Bank of Canada

Current Bank of Canada Rate & Prime Rates	Dec 2017	Dec 2016	Dec 2015
Bank Rate	1.25%	0.75%	0.75%
Prime Rate	3.20%	2.70%	2.70%

Source: Bank of Canada

Nationwide Building Permits	Oct 2017	Oct 2016	Oct 2015
Residential	$4,940,171,000	$5,220,944,000	$4,876,246,000
Commercial	$3,284,486,000	$2,549,673,000	$2,881,587,000
Total	$8,224,657,000	$7,770,617,000	$7,757,833,000

Source: Stats Canada - preliminary figures

Average House Prices by Province	Oct 2017	Oct 2016	Oct 2015
National	$481,922	$481,994	$454,976
Yukon	$362,733	$313,723	$356,290
Northwest Territories	$428,913	$308,310	$330,708
British Columbia	$719,946	$606,787	$667,480
Alberta	$395,429	$391,692	$384,381
Saskatchewan	$280,330	$284,545	$292,949
Manitoba	$284,952	$273,573	$264,739
Ontario	$562,654	$561,896	$471,654
Quebec	$307,745	$288,979	$275,701
New Brunswick	$162,740	$160,651	$161,338
Prince Edward Island	$217,182	$189,979	$163,236
Nova Scotia	$227,245	$213,046	$207,657
Newfoundland	$248,956	$254,207	$258,459

Source: CREA - Most Recent Month Reported

Average House Prices by City	Oct 2017	Oct 2016	Oct 2015
Yellowknife	$428,913	$308,310	$330,708
Vancouver	$1,042,300	$891,705	$947,334
Victoria	$620,400	$615,066	$543,459
Edmonton	$370,484	$364,004	$371,756
Calgary	$433,000	$450,279	$444,535
Saskatoon	$299,900	$332,144	$342,553
Regina	$289,000	$291,741	$316,025
Toronto	$747,800	$762,975	$630,876
Hamilton-Burlington	$527,991	$507,131	$436,562
Ottawa-Carleton	$369,200	$366,639	$358,950
Quebec City	$278,672	$269,925	$254,831
Montreal	$329,300	$354,600	$339,436
Fredericton	$169,754	$159,325	$176,788
Saint John	$168,575	$178,673	$175,557
Halifax-Dartmouth	$286,026	$279,611	$264,487
Winnipeg	$294,843	$279,421	$271,759

Source: CREA - Most Recent Month Reported

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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October News and Rate Advisor

Welcome to the October issue of the News & Rate Advisor. Current Discount Mortgage Rates for Oct 2017 Rate Variable Rate 2.45% 1 Year 2.64% 3 Year 2.84% 5 Year 3.09% Prime Rate 3.20% Note: * Rates subject to change and OAC. Canadian Qualifying Rate Oct 2017 Rate 4.89% Source: Bank of Canada Current Bank of Canada Rate & Prime Rates Oct 2017 Oct 2016 Oct 2015 Bank Rate 1.25% 0.75% 0.75% Prime Rate 3.20% 2.70% 2.70% Source: Bank of Canada Nationwide Building Permits Aug 2017 Aug 2016 Aug 2015 Residential $4,872,302,000 $4,516,206,000 $4,733,125,000 Commercial $2,670,651,000 $2,856,502,000 $2,827,782,000 Total $7,542,953,000 $7,372,708,000 $7,560,907,000 Source: Stats Canada - preliminary figures Average House Prices by Province Aug 2017 Aug 2016 Aug 2015 National $472,247 $456,722 $433,367 Yukon $311,149 $341,597 $357,252 Northwest Territories $447,334 $388,119 $416,577 British Columbia $678,152 $569,281 $619,881 Alberta $392,359 $390,615 $388,551 Saskatchewan $293,995 $298,001 $292,583 Manitoba $287,794 $273,387 $269,321 Ontario $518,613 $518,586 $455,611 Quebec $298,158 $289,656 $280,253 New Brunswick $161,160 $168,737 $154,973 Prince Edward Island $195,270 $195,925 $157,949 Nova Scotia $223,738 $209,989 $220,161 Newfoundland $258,198 $265,521 $292,960 Source: CREA - Most Recent Month Reported Average House Prices by City Aug 2017 Aug 2016 Aug 2015 Yellowknife $447,334 $388,119 $416,577 Vancouver $1,029,700 $833,065 $900,592 Victoria $620,700 $570,196 $544,862 Edmonton $373,438 $369,956 $372,256 Calgary $436,500 $456,663 $450,260 Saskatoon $316,700 $349,716 $339,426 Regina $313,000 $309,634 $311,318 Toronto $755,400 $710,410 $602,607 Hamilton-Burlington $554,507 $496,894 $464,101 Ottawa-Carleton $365,200 $369,055 $354,035 Quebec City $266,072 $279,780 $273,495 Montreal $326,400 $358,935 $342,010 Fredericton $166,135 $187,411 $167,100 Saint John $172,803 $165,661 $311,166 Halifax-Dartmouth $284,037 $281,977 $274,022 Winnipeg $297,897 $278,718 $276,397 Source: CREA - Most Recent Month Reported