Saturday, 15 November 2014

November News and Rate Advisor!



Courtesy of  Phil Romano, CPMB 905-516-1150

Certified Professional Mortgage Broker #M10002221
Verico House of Mortgage Experts

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

Current Discount Mortgage RatesNov 2014
Variable Rate2.45%
1 Year2.89%
2 Year2.49%
3 Year2.69%
4 Year2.77%
5 Year2.99%
7 Year3.79%
10 Year4.39%
Prime Rate3.00%
* Rates subject to change and OAC.


Canadian Qualifying RateNov 2014
Rate4.79%
Source: Bank of Canada


Current Posted Mortgage RatesNov 2014Nov 2013Nov 2012
1 Year3.14%3.14%3.10%
3 Year3.44%3.95%3.70%
5 Year4.79%5.34%5.24%
Source: Bank of Canada


Nationwide Building PermitsSep 2014Sep 2013Sep 2012
Residential$4,425,667,000$4,142,346,000$4,231,605,000
Commercial$3,072,431,000$2,557,605,000$2,283,046,000
Total$7,498,098,000$6,699,951,000$6,514,651,000
Source: Stats Canada - preliminary figures


Current Bank of Canada Rate & Prime RatesNov 2014Nov 2013Nov 2012
Bank Rate1.25%1.25%1.25%
Prime Rate3.00%3.00%3.00%
Source: Bank of Canada



Average House Prices by CitySep 2014Sep 2013Sep 2012
Yellowknife$394,444$341,514$403,019
Vancouver$836,735$786,522$722,681
Victoria$509,667$486,744$471,953
Edmonton$372,673$349,923$323,803
Calgary$461,099$435,934$402,756
Saskatoon$333,888$338,309$313,843
Regina$314,756$317,273$298,501
Toronto$573,676$533,797$503,662
Hamilton-Burlington$411,699$390,638$359,406
Ottawa-Carleton$357,753$348,788$353,984
Quebec City$263,681$266,353$258,564
Montreal$329,144$322,246$334,798
Fredericton$175,441$169,623$156,098
Saint John$155,384$173,240$155,723
Halifax-Dartmouth$273,026$268,286$261,126
Winnipeg$263,859$256,380$248,749
Source: CREA - Most Recent Month Reported


Average House Prices by ProvinceSep 2014Sep 2013Sep 2012
National$408,795$385,906$355,777
Yukon$330,857$263,490$366,728
Northwest Territories$394,444$341,514$403,019
British Columbia$574,641$536,682$494,213
Alberta$399,810$381,308$355,127
Saskatchewan$294,060$286,496$273,209
Manitoba$256,098$249,148$239,517
Ontario$430,522$403,347$379,900
Quebec$270,497$267,131$277,423
New Brunswick$154,338$159,702$151,030
Prince Edward Island$161,794$143,354$145,380
Nova Scotia$204,260$209,567$209,568
Newfoundland$264,650$269,036$271,572
Source: CREA - Most Recent Month Reported



 "Always Striving to be your Trusted Mortgage Advisor!"

Wednesday, 15 October 2014

October News and Rate Advisor

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

Current Discount Mortgage RatesOct 2014
Variable Rate2.45%
1 Year2.89%
2 Year2.34%
3 Year2.69%
4 Year2.77%
5 Year2.99%
7 Year3.79%
10 Year4.49%
Prime Rate3.00%
* Rates subject to change and OAC.


Canadian Qualifying RateOct 2014
Rate4.79%
Source: Bank of Canada


Current Posted Mortgage RatesOct 2014Oct 2013Oct 2012
1 Year3.14%3.14%3.10%
3 Year3.44%3.95%3.70%
5 Year4.79%5.34%5.24%
Source: Bank of Canada


Nationwide Building PermitsAug 2014Aug 2013Aug 2012
Residential$4,150,876,000$3,938,247,000$4,223,624,000
Commercial$2,501,345,000$2,495,214,000$3,234,985,000
Total$6,652,221,000$6,433,461,000$7,458,609,000
Source: Stats Canada - preliminary figures


Current Bank of Canada Rate & Prime RatesOct 2014Oct 2013Oct 2012
Bank Rate1.25%1.25%1.25%
Prime Rate3.00%3.00%3.00%
Source: Bank of Canada



Average House Prices by CityAug 2014Aug 2013Aug 2012
Yellowknife$411,733$318,363$433,300
Vancouver$802,763$784,567$725,086
Victoria$497,608$479,978$475,550
Edmonton$368,597$348,758$334,391
Calgary$454,994$432,576$400,277
Saskatoon$333,434$327,281$320,903
Regina$294,338$311,860$304,513
Toronto$546,303$503,094$479,095
Hamilton-Burlington$397,938$376,284$364,464
Ottawa-Carleton$361,730$348,822$347,673
Quebec City$278,517$268,104$263,113
Montreal$328,745$327,165$331,721
Fredericton$180,401$177,192$164,707
Saint John$166,548$176,632$170,057
Halifax-Dartmouth$276,080$272,069$270,170
Winnipeg$270,246$261,666$248,301
Source: CREA - Most Recent Month Reported


Average House Prices by ProvinceAug 2014Aug 2013Aug 2012
National$398,618$378,369$350,192
Yukon$299,839$362,507$300,095
Northwest Territories$411,733$318,363$433,300
British Columbia$560,318$533,400$491,145
Alberta$397,701$381,642$356,488
Saskatchewan$285,476$286,809$269,967
Manitoba$262,685$253,297$239,234
Ontario$408,847$386,444$366,797
Quebec$271,679$269,421$276,170
New Brunswick$162,110$164,824$161,080
Prince Edward Island$146,055$159,432$145,586
Nova Scotia$210,370$212,268$208,749
Newfoundland$293,548$288,660$262,436
Source: CREA - Most Recent Month Reported
www.philrom.com

Monday, 15 September 2014

September News and Rate Advisor

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

Current Discount Mortgage RatesSep 2014
Variable Rate2.45%
1 Year2.89%
2 Year2.34%
3 Year2.69%
4 Year2.77%
5 Year2.99%
7 Year3.79%
10 Year4.49%
Prime Rate3.00%
* Rates subject to change and OAC.


Canadian Qualifying RateSep 2014
Rate4.79%
Source: Bank of Canada


Current Posted Mortgage RatesSep 2014Sep 2013Sep 2012
1 Year3.14%3.14%3.10%
3 Year3.75%3.95%3.85%
5 Year4.79%5.34%5.24%
Source: Bank of Canada


Nationwide Building PermitsJul 2014Jul 2013Jul 2012
Residential$4,965,441,000.00$4,135,192,000.00$4,276,431,000
Commercial$4,195,518,000.00$3,857,984,000.00$2,532,937,000
Total$9,160,959,000.00$7,993,176,000.00$6,809,368,000
Source: Stats Canada - preliminary figures


Current Bank of Canada Rate & Prime RatesSep 2014Sep 2013Sep 2012
Bank Rate1.25%1.25%1.25%
Prime Rate3.00%3.00%3.00%
Source: Bank of Canada



Average House Prices by CityJul 2014Jul 2013Jul 2012
Yellowknife$393,815$472,467$292,125
Vancouver$805,061$757,338$667,462
Victoria$496,282$482,908$475,768
Edmonton$362,091$345,335$337,304
Calgary$460,790$438,192$409,670
Saskatoon$350,699$323,441$323,165
Regina$327,104$311,759$297,708
Toronto$550,700$513,246$476,947
Hamilton-Burlington$412,694$383,240$345,807
Ottawa-Carleton$358,600$362,346$340,352
Quebec City$274,862$265,785$266,552
Montreal$338,988$329,339$331,577
Fredericton$167,455$178,883$181,917
Saint John$182,918$169,592$177,955
Halifax-Dartmouth$287,288$275,046$268,723
Winnipeg$268,817$262,727$249,175
Source: CREA - Most Recent Month Reported

Average House Prices by ProvinceJul 2014Jul 2013Jul 2012
National$401,585$382,373$353,147
Yukon$278,518$311,481$366,075
Northwest Territories$393,815$472,467$292,125
British Columbia$548,162$534,360$474,954
Alberta$395,552$379,696$363,924
Saskatchewan$304,816$285,147$277,297
Manitoba$264,171$253,714$239,116
Ontario$416,938$393,984$368,329
Quebec$276,194$272,033$275,689
New Brunswick$164,146$159,502$156,913
Prince Edward Island$153,964$169,864$154,876
Nova Scotia$224,287$215,094$219,708
Newfoundland$294,815$288,517$273,649
Source: CREA - Most Recent Month Reported
www.philrom.com