February Rate Advisor

Courtesy of  Phil Romano, CPMB 905-516-1150 Certified Professional Mortgage Broker #M10002221 Verico House of Mortgage Experts philromano@vhme.ca www.philrom.com

Welcome to the February issue of the News & Rate Advisor. Current Discount Mortgage Rates Feb 2016 Variable Rate 2.30% 1 Year 2.29% 2 Year 2.19% 3 Year 2.24% 4 Year 2.54% 5 Year 2.94% 7 Year 3.44% 10 Year 3.84% Prime Rate 2.70% * Rates subject to change and OAC. Canadian Qualifying Rate Feb 2016 Rate 4.64% Source: Bank of Canada Current Posted Mortgage Rates Feb 2016 Feb 2015 Feb 2014 1 Year 3.14% 2.89% 3.14% 3 Year 3.39% 3.39% 3.75% 5 Year 4.64% 4.74% 5.24% Source: Bank of Canada Nationwide Building Permits Dec 2015 Dec 2014 Dec 2013 Residential $4,653,518,000 $4,414,127,000 $3,643,632,000 Commercial $2,269,391,000 $2,620,878,000 $2,793,178,000 Total $6,922,909,000 $7,035,005,000 $6,436,810,000 Source: Stats Canada - preliminary figures Current Bank of Canada Rate & Prime Rates Feb 2016 Feb 2015 Feb 2014 Bank Rate 0.75% 1.00% 1.25% Prime Rate 2.70% 2.85% 3.00% Source: Bank of Canada Average House Prices by City Dec 2015 Dec 2014 Dec 2013 Yellowknife $327,707 $302,100 $444,817 Vancouver $980,974 $819,384 $785,574 Victoria $562,581 $498,716 $477,792 Edmonton $366,221 $359,479 $347,103 Calgary $451,297 $452,968 $439,389 Saskatoon $349,788 $340,608 $328,407 Regina $280,209 $302,969 $291,755 Toronto $609,110 $556,602 $520,398 Hamilton-Burlington $424,444 $387,922 $371,037 Ottawa-Carleton $359,777 $349,479 $341,793 Quebec City $267,352 $265,819 $261,123 Montreal $347,091 $340,489 $320,693 Fredericton $165,946 $156,604 $153,743 Saint John $152,762 $175,840 $190,728 Halifax-Dartmouth $283,075 $270,945 $269,797 Winnipeg $256,900 $271,489 $298,338 Source: CREA - Most Recent Month Reported Average House Prices by Province Dec 2015 Dec 2014 Dec 2013 National $454,342 $405,233 $390,034 Yukon $340,083 $285,447 $361,867 Northwest Territories $327,707 $302,100 $444,817 British Columbia $700,943 $585,718 $568,419 Alberta $389,486 $390,528 $380,477 Saskatchewan $288,759 $291,524 $278,764 Manitoba $250,636 $263,072 $286,571 Ontario $450,512 $417,767 $395,698 Quebec $277,559 $273,291 $264,690 New Brunswick $154,176 $155,078 $160,867 Prince Edward Island $172,787 $169,877 $149,021 Nova Scotia $207,086 $207,429 $208,555 Newfoundland $267,093 $273,769 $289,279 Source: CREA - Most Recent Month Reported

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January News and Rate Advisor

Courtesy of  Phil Romano, CPMB 905-516-1150 Certified Professional Mortgage Broker #M10002221 Verico House of Mortgage Experts philromano@vhme.ca www.philrom.com

Welcome to the January issue of the News & Rate Advisor. Current Discount Mortgage Rates Jan 2016 Variable Rate 2.30% 1 Year 2.29% 2 Year 2.19% 3 Year 2.24% 4 Year 2.54% 5 Year 2.94% 7 Year 3.44% 10 Year 3.84% Prime Rate 2.70% * Rates subject to change and OAC. Canadian Qualifying Rate Jan 2016 Rate No rate defined for this month Source: Bank of Canada Current Posted Mortgage Rates Jan 2016 Jan 2015 Jan 2014 1 Year 0.00% 3.14% 3.14% 3 Year 0.00% 3.44% 3.75% 5 Year 0.00% 4.79% 5.24% Source: Bank of Canada Nationwide Building Permits Nov 2015 Nov 2014 Nov 2013 Residential $4,008,339,000 $4,382,756,000 $4,081,721,000 Commercial $2,226,367,000 $2,218,621,000 $2,679,245,000 Total $6,234,706,000 $6,601,377,000 $6,760,966,000 Source: Stats Canada - preliminary figures Current Bank of Canada Rate & Prime Rates Jan 2016 Jan 2015 Jan 2014 Bank Rate 0.75% 1.00% 1.25% Prime Rate 2.70% 2.85% 3.00% Source: Bank of Canada Average House Prices by City Nov 2015 Nov 2014 Nov 2013 Yellowknife $423,788 $205,500 $341,343 Vancouver $930,652 $801,450 $774,932 Victoria $495,209 $466,453 $454,703 Edmonton $369,559 $381,371 $339,703 Calgary $444,959 $462,031 $445,114 Saskatoon $339,465 $346,015 $334,440 Regina $309,240 $298,290 $306,631 Toronto $632,685 $577,936 $538,881 Hamilton-Burlington $431,566 $398,590 $368,947 Ottawa-Carleton $363,117 $358,196 $359,082 Quebec City $262,765 $265,825 $261,123 Montreal $346,723 $345,032 $320,693 Fredericton $158,857 $146,242 $159,892 Saint John $175,829 $191,082 $170,126 Halifax-Dartmouth $296,205 $266,362 $267,717 Winnipeg $278,134 $266,945 $261,832 Source: CREA - Most Recent Month Reported Average House Prices by Province Nov 2015 Nov 2014 Nov 2013 National $456,186 $413,649 $391,085 Yukon $343,942 $242,694 $353,498 Northwest Territories $423,788 $205,500 $341,343 British Columbia $668,317 $574,694 $557,586 Alberta $385,430 $407,071 $385,217 Saskatchewan $294,110 $295,487 $290,859 Manitoba $271,045 $261,180 $255,636 Ontario $471,224 $433,561 $408,251 Quebec $283,560 $279,014 $264,690 New Brunswick $155,127 $160,766 $156,787 Prince Edward Island $167,875 $180,487 $151,363 Nova Scotia $216,717 $206,251 $209,997 Newfoundland $271,918 $273,177 $282,123 Source: CREA - Most Recent Month Reported

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December News and Rate Advisor

Courtesy of  Phil Romano, CPMB 905-516-1150 Certified Professional Mortgage Broker #M10002221 Verico House of Mortgage Experts philromano@vhme.ca www.philrom.com

Welcome to the December issue of the News & Rate Advisor. Current Discount Mortgage Rates Dec 2015 Variable Rate 2.20% 1 Year 2.29% 2 Year 2.19% 3 Year 2.24% 4 Year 2.54% 5 Year 2.84% 7 Year 3.44% 10 Year 3.84% Prime Rate 2.70% * Rates subject to change and OAC. Canadian Qualifying Rate Dec 2015 Rate 4.64% Source: Bank of Canada Current Posted Mortgage Rates Dec 2015 Dec 2014 Dec 2013 1 Year 3.14% 3.14% 3.14% 3 Year 3.39% 3.44% 3.95% 5 Year 4.64% 4.79% 5.34% Source: Bank of Canada Nationwide Building Permits Oct 2015 Oct 2014 Oct 2013 Residential $4,841,850,000 $4,494,206,000 $4,430,635,000 Commercial $2,863,541,000 $3,144,482,000 $2,806,537,000 Total $7,705,391,000 $7,638,688,000 $7,237,172,000 Source: Stats Canada - preliminary figures Current Bank of Canada Rate & Prime Rates Dec 2015 Dec 2014 Dec 2013 Bank Rate 0.75% 1.25% 1.25% Prime Rate 2.70% 3.00% 3.00% Source: Bank of Canada Average House Prices by City Oct 2015 Oct 2014 Oct 2013 Yellowknife $330,708 $405,332 $402,000 Vancouver $947,334 $819,336 $775,542 Victoria $543,459 $505,859 $473,820 Edmonton $371,756 $365,520 $332,461 Calgary $444,535 $465,047 $436,216 Saskatoon $342,553 $349,322 $331,750 Regina $316,025 $331,161 $316,810 Toronto $630,876 $587,505 $539,058 Hamilton-Burlington $436,562 $420,565 $384,534 Ottawa-Carleton $358,950 $357,887 $363,240 Quebec City $254,831 $258,406 $263,803 Montreal $339,436 $344,273 $333,610 Fredericton $176,788 $169,063 $175,968 Saint John $175,557 $158,041 $153,697 Halifax-Dartmouth $264,487 $264,447 $265,339 Winnipeg $271,759 $270,605 $271,946 Source: CREA - Most Recent Month Reported Average House Prices by Province Oct 2015 Oct 2014 Oct 2013 National $454,976 $419,699 $391,820 Yukon $356,290 $275,750 $352,932 Northwest Territories $330,708 $405,332 $402,000 British Columbia $667,480 $575,504 $540,432 Alberta $384,381 $400,027 $377,084 Saskatchewan $292,949 $306,812 $289,890 Manitoba $264,739 $263,159 $264,148 Ontario $471,654 $445,109 $413,408 Quebec $275,701 $277,677 $273,436 New Brunswick $161,338 $153,312 $155,414 Prince Edward Island $163,236 $174,871 $154,576 Nova Scotia $207,657 $202,749 $203,144 Newfoundland $258,459 $266,346 $272,267 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 Oct 2015 Variable Rate 2.20% 1 Year 2.29% 2 Year 2.09% 3 Year 2.34% 4 Year 2.54% 5 Year 2.67% 7 Year 3.39% 10 Year 3.84% Prime Rate 2.70% * Rates subject to change and OAC. Canadian Qualifying Rate Oct 2015 Rate 4.64% Source: Bank of Canada Current Posted Mortgage Rates Oct 2015 Oct 2014 Oct 2013 1 Year 2.89% 3.14% 3.14% 3 Year 3.39% 3.44% 3.95% 5 Year 4.64% 4.79% 5.34% Source: Bank of Canada Nationwide Building Permits Aug 2015 Aug 2014 Aug 2013 Residential $4,749,968,000 $4,170,031,000 $3,938,247,000 Commercial $2,798,437,000 $2,480,272,000 $2,495,214,000 Total $7,548,405,000 $6,650,303,000 $6,433,461,000 Source: Stats Canada - preliminary figures Current Bank of Canada Rate & Prime Rates Oct 2015 Oct 2014 Oct 2013 Bank Rate 0.75% 1.25% 1.25% Prime Rate 2.70% 3.00% 3.00% Source: Bank of Canada Average House Prices by City Aug 2015 Aug 2014 Aug 2013 Yellowknife $416,577 $411,733 $318,363 Vancouver $900,592 $802,763 $784,567 Victoria $544,862 $497,608 $479,978 Edmonton $372,256 $368,597 $348,758 Calgary $450,260 $454,994 $432,576 Saskatoon $339,426 $333,434 $327,281 Regina $311,318 $294,338 $311,860 Toronto $602,607 $546,303 $503,094 Hamilton-Burlington $464,101 $397,938 $376,284 Ottawa-Carleton $354,035 $361,730 $348,822 Quebec City $273,495 $278,517 $268,104 Montreal $342,010 $328,745 $327,165 Fredericton $167,100 $180,401 $177,192 Saint John $311,166 $166,548 $176,632 Halifax-Dartmouth $274,022 $276,080 $272,069 Winnipeg $276,397 $270,246 $261,666 Source: CREA - Most Recent Month Reported Average House Prices by Province Aug 2015 Aug 2014 Aug 2013 National $433,367 $398,618 $378,369 Yukon $357,252 $299,839 $362,507 Northwest Territories $416,577 $411,733 $318,363 British Columbia $619,881 $560,318 $533,400 Alberta $388,551 $397,701 $381,642 Saskatchewan $292,583 $285,476 $286,809 Manitoba $269,321 $262,685 $253,297 Ontario $455,611 $408,847 $386,444 Quebec $280,253 $271,679 $269,421 New Brunswick $154,973 $162,110 $164,824 Prince Edward Island $157,949 $146,055 $159,432 Nova Scotia $220,161 $210,370 $212,268 Newfoundland $292,960 $293,548 $288,660 Source: CREA - Most Recent Month Reported

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