Tuesday, 18 September 2018

September News and Rate Advisor

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

Current Discount Mortgage Rates for Sep 2018Conventional1High Ratio2
Variable Rate3.00%2.75%
1 Year3.14%3.14%
3 Year3.59%3.54%
5 Year3.74%3.39%
Prime Rate3.70%3.70%
Note: * Rates subject to change and OAC.
(1) Conventional - Uninsured, (2) High Ratio - Insured


Canadian Qualifying RateSep 2018
Rate5.34%
Source: Bank of Canada


Current Bank of Canada Rate & Prime RatesSep 2018Sep 2017Sep 2016
Bank Rate1.75%1.25%0.75%
Prime Rate3.70%3.20%2.70%
Source: Bank of Canada



Nationwide Building PermitsJul 2018Jul 2017Jul 2016
Residential$5,999,154,000$5,013,737,000$4,087,851,000
Commercial$3,625,648,000$2,965,814,000$2,554,845,000
Total$9,624,802,000$7,979,551,000$6,642,696,000
Source: Stats Canada - preliminary figures


Average House Prices by ProvinceJul 2018Jul 2017Jul 2016
National$481,429$478,696$480,743
Yukon$377,110$376,909$344,863
Northwest Territories$433,489$366,991$388,352
British Columbia$695,660$698,718$663,411
Alberta$385,156$396,946$403,666
Saskatchewan$291,435$291,399$303,414
Manitoba$286,071$283,978$275,914
Ontario$557,533$517,379$517,831
Quebec$309,862$303,083$284,662
New Brunswick$184,118$173,797$164,961
Prince Edward Island$190,834$192,605$180,427
Nova Scotia$235,239$228,399$221,689
Newfoundland$254,533$244,653$252,846
Source: CREA - Most Recent Month Reported

Average House Prices by CityJul 2018Jul 2017Jul 2016
Yellowknife$377,110$366,991$388,352
Vancouver$1,087,500$1,029,786$1,007,687
Victoria$672,800$644,510$580,555
Edmonton$334,400$383,624$384,504
Calgary$430,000$458,480$469,325
Saskatoon$297,200$325,718$346,879
Regina$281,100$319,595$314,714
Toronto$768,400$746,218$709,825
Hamilton-Burlington$555,459$536,595$491,360
Ottawa-Carleton$390,100$391,119$374,431
Quebec City$268,897$268,884$266,578
Montreal$345,000$378,401$349,218
Fredericton$197,103$187,119$181,833
Saint John$186,976$179,048$168,266
Halifax-Dartmouth$293,638$299,847$292,511
Winnipeg$296,735$294,216$282,684
Source: CREA - Most Recent Month Reported

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Wednesday, 15 August 2018

August News and Rate Advisor

Welcome to the August issue of the News & Rate Advisor.
Current Discount Mortgage Rates for Aug 2018
Conventional1 High Ratio2
Variable Rate 3.00% 3.14%
1 Year 3.14% 3.14%
3 Year 3.54% 3.34%
5 Year 3.74% 3.44%
Prime Rate 3.70% 3.70%
Note: * Rates subject to change and OAC.
(1) Conventional - Uninsured, (2) High Ratio - Insured
Canadian Qualifying Rate Aug 2018
Rate 5.34%
Source: Bank of Canada
Current Bank of Canada Rate & Prime Rates Aug 2018 Aug 2017 Aug 2016
Bank Rate 1.75% 1.00% 0.50%
Prime Rate 3.70% 2.95% 2.70%
Source: Bank of Canada

Nationwide Building Permits Jun 2018 Jun 2017 Jun 2016
Residential $6,271,516,000 $5,122,069,000 $4,108,128,000
Commercial $3,826,013,000 $3,088,589,000 $2,313,366,000
Total $10,097,529,000 $8,210,658,000 $6,421,494,000
Source: Stats Canada - preliminary figures
Average House Prices by Province Jun 2018 Jun 2017 Jun 2016
National $495,797 $504,458 $503,301
Yukon $377,400 $380,580 $351,768
Northwest Territories $485,985 $414,505 $380,284
British Columbia $716,259 $725,704 $694,925
Alberta $402,354 $412,358 $397,269
Saskatchewan $294,199 $285,811 $297,837
Manitoba $302,490 $292,791 $284,798
Ontario $573,396 $547,402 $544,009
Quebec $313,372 $299,827 $287,637
New Brunswick $191,808 $177,807 $170,044
Prince Edward Island $204,462 $219,235 $192,115
Nova Scotia $245,472 $240,776 $226,272
Newfoundland $255,989 $258,235 $270,664
Source: CREA - Most Recent Month Reported
Average House Prices by City Jun 2018 Jun 2017 Jun 2016
Yellowknife $485,985 $414,505 $380,284
Vancouver $1,093,600 $1,053,655 $1,026,207
Victoria $675,800 $674,952 $587,908
Edmonton $335,100 $393,212 $378,045
Calgary $431,300 $483,106 $466,717
Saskatoon $297,600 $338,709 $334,529
Regina $279,700 $294,991 $321,726
Toronto $772,100 $793,915 $746,546
Hamilton-Burlington $549,537 $560,113 $513,971
Ottawa-Carleton $389,200 $410,032 $378,389
Quebec City $288,643 $277,041 $273,869
Montreal $344,800 $373,780 $353,535
Fredericton $203,414 $194,571 $189,239
Saint John $196,323 $188,119 $179,633
Halifax-Dartmouth $308,761 $290,008 $290,421
Winnipeg $312,173 $302,900 $294,619
Source: CREA - Most Recent Month Reported
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Tuesday, 19 June 2018

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

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Tuesday, 15 May 2018

May News and Rate Advisor

Welcome to the May issue of the News & Rate Advisor.
Current Discount Mortgage Rates for May 2018
Conventional1 High Ratio2
Variable Rate 2.80% 2.41%
1 Year 3.09% 3.19%
3 Year 3.49% 3.39%
5 Year 3.49% 3.44%
Prime Rate 3.45% 3.45%
Note: * Rates subject to change and OAC.
(1) Conventional - Uninsured, (2) High Ratio - Insured
Canadian Qualifying Rate May 2018
Rate 5.34%
Source: Bank of Canada
Current Bank of Canada Rate & Prime Rates May 2018 May 2017 May 2016
Bank Rate 1.50% 0.75% 0.75%
Prime Rate 3.45% 2.70% 2.70%
Source: Bank of Canada

Nationwide Building Permits Mar 2018 Mar 2017 Mar 2016
Residential $5,380,048,000 $4,587,636,000 $4,425,639,000
Commercial $3,019,919,000 $2,481,015,000 $2,486,166,000
Total $8,399,967,000 $7,068,651,000 $6,911,805,000
Source: Stats Canada - preliminary figures
Average House Prices by Province Mar 2018 Mar 2017 Mar 2016
National $491,065 $548,517 $508,567
Yukon $361,898 $352,774 $322,267
Northwest Territories $429,808 $394,677 $406,620
British Columbia $726,803 $690,597 $771,620
Alberta $392,493 $404,804 $392,145
Saskatchewan $281,645 $294,787 $297,823
Manitoba $293,149 $289,503 $277,202
Ontario $576,950 $672,584 $521,178
Quebec $295,598 $288,691 $274,616
New Brunswick $164,527 $162,099 $154,371
Prince Edward Island $210,719 $187,977 $194,094
Nova Scotia $233,515 $222,411 $223,520
Newfoundland $248,897 $251,555 $258,563
Source: CREA - Most Recent Month Reported
Average House Prices by City Mar 2018 Mar 2017 Mar 2016
Yellowknife $429,808 $394,677 $406,620
Vancouver $1,084,000 $991,690 $1,093,267
Victoria $658,600 $640,802 $575,858
Edmonton $333,500 $371,680 $379,524
Calgary $430,400 $472,491 $455,220
Saskatoon $293,200 $343,112 $336,425
Regina $280,000 $316,341 $307,609
Toronto $760,800 $916,567 $688,181
Hamilton-Burlington $546,912 $607,846 $486,008
Ottawa-Carleton $376,800 $388,400 $368,798
Quebec City $260,481 $256,929 $259,851
Montreal $338,200 $359,708 $336,138
Fredericton $164,935 $182,850 $177,441
Saint John $161,402 $166,430 $154,700
Halifax-Dartmouth $300,588 $294,246 $281,822
Winnipeg $304,111 $298,329 $287,692
Source: CREA - Most Recent Month Reported
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Sunday, 15 April 2018

April News and Rate Advisor

Welcome to the April issue of the News & Rate Advisor.
Current Discount Mortgage Rates for Apr 2018
Conventional1 High Ratio2
Variable Rate 2.45% 2.41%
1 Year 2.99% 3.19%
3 Year 3.44% 3.39%
5 Year 3.49% 3.24%
Prime Rate 3.45% 3.45%
Note: * Rates subject to change and OAC.
(1) Conventional - Uninsured, (2) High Ratio - Insured
Canadian Qualifying Rate Apr 2018
Rate 5.14%
Source: Bank of Canada
Current Bank of Canada Rate & Prime Rates Apr 2018 Apr 2017 Apr 2016
Bank Rate 1.50% 0.75% 0.75%
Prime Rate 3.45% 2.70% 2.70%
Source: Bank of Canada

Nationwide Building Permits Feb 2018 Feb 2017 Feb 2016
Residential $5,295,916,000 $5,002,162,000 $4,212,864,000
Commercial $2,871,418,000 $2,429,048,000 $69,529,740,000
Total $8,167,334,000 $7,431,210,000 $73,742,604,000
Source: Stats Canada - preliminary figures
Average House Prices by Province Feb 2018 Feb 2017 Feb 2016
National $494,309 $519,521 $503,057
Yukon $347,545 $323,076 $312,640
Northwest Territories $407,036 $335,300 $348,997
British Columbia $748,149 $688,011 $779,419
Alberta $395,016 $389,943 $388,037
Saskatchewan $291,771 $280,384 $285,649
Manitoba $286,586 $288,263 $272,609
Ontario $569,340 $634,341 $511,967
Quebec $296,071 $280,333 $272,937
New Brunswick $169,023 $163,362 $149,942
Prince Edward Island $207,373 $212,033 $156,895
Nova Scotia $240,600 $209,889 $214,378
Newfoundland $247,606 $248,317 $267,311
Source: CREA - Most Recent Month Reported
Average House Prices by City Feb 2018 Feb 2017 Feb 2016
Yellowknife $407,036 $335,300 $348,997
Vancouver $1,071,800 $995,583 $1,104,133
Victoria $642,800 $642,204 $545,911
Edmonton $374,361 $359,468 $363,266
Calgary $428,500 $464,834 $453,175
Saskatoon $292,800 $326,714 $323,761
Regina $278,700 $300,874 $308,946
Toronto $751,700 $875,983 $685,278
Hamilton-Burlington $552,661 $556,630 $456,083
Ottawa-Carleton $373,200 $382,268 $356,180
Quebec City $262,221 $252,303 $260,012
Montreal $334,600 $348,635 $334,815
Fredericton $179,981 $161,590 $165,374
Saint John $171,596 $178,351 $154,408
Halifax-Dartmouth $315,723 $279,362 $266,869
Winnipeg $297,929 $288,097 $278,087
Source: CREA - Most Recent Month Reported




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