October News and Rate Advisor

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

Current Discount Mortgage Rates for Oct 2018		Conventional1	High Ratio2
Variable Rate		2.65%	2.75%
1 Year		3.19%	3.19%
3 Year		3.34%	3.29%
5 Year		3.34%	3.29%
Prime Rate		3.70%	3.70%
Note: * Rates subject to change and OAC. (1) Conventional - Uninsured, (2) High Ratio - Insured

Canadian Qualifying Rate	Oct 2018
Rate	5.34%

Source: Bank of Canada

Current Bank of Canada Rate & Prime Rates	Oct 2018	Oct 2017	Oct 2016
Bank Rate	1.75%	1.25%	0.75%
Prime Rate	3.70%	3.20%	2.70%

Source: Bank of Canada

Nationwide Building Permits	Aug 2018	Aug 2017	Aug 2016
Residential	$5,310,449,000	$4,887,519,000	$4,516,206,000
Commercial	$3,801,749,000	$2,684,389,000	$2,856,502,000
Total	$9,112,198,000	$7,571,908,000	$7,372,708,000

Source: Stats Canada - preliminary figures

Average House Prices by Province	Aug 2018	Aug 2017	Aug 2016
National	$475,591	$472,247	$456,722
Yukon	$382,801	$311,149	$341,597
Northwest Territories	$417,548	$447,334	$388,119
British Columbia	$669,452	$678,152	$569,281
Alberta	$384,200	$392,359	$390,615
Saskatchewan	$281,088	$293,995	$298,001
Manitoba	$292,584	$287,794	$273,387
Ontario	$553,285	$518,613	$518,586
Quebec	$312,866	$298,158	$289,656
New Brunswick	$177,644	$161,160	$168,737
Prince Edward Island	$212,654	$195,270	$195,925
Nova Scotia	$228,070	$223,738	$209,989
Newfoundland	$261,107	$258,198	$265,521

Source: CREA - Most Recent Month Reported

Average House Prices by City	Aug 2018	Aug 2017	Aug 2016
Yellowknife	$417,548	$447,334	$388,119
Vancouver	$1,083,400	$1,029,700	$833,065
Victoria	$692,700	$620,700	$570,196
Edmonton	$330,000	$373,438	$369,956
Calgary	$426,800	$436,500	$456,663
Saskatoon	$293,900	$316,700	$349,716
Regina	$277,600	$313,000	$309,634
Toronto	$764,800	$755,400	$710,410
Hamilton-Burlington	$578,000	$554,507	$496,894
Ottawa-Carleton	$391,100	$365,200	$369,055
Quebec City	$283,054	$266,072	$279,780
Montreal	$345,600	$326,400	$358,935
Fredericton	$187,714	$166,135	$187,411
Saint John	$185,934	$172,803	$165,661
Halifax-Dartmouth	$295,413	$284,037	$281,977
Winnipeg	$302,100	$297,897	$278,718

Source: CREA - Most Recent Month Reported

September News and Rate Advisor

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

Current Discount Mortgage Rates for Sep 2018		Conventional1	High Ratio2
Variable Rate		3.00%	2.75%
1 Year		3.14%	3.14%
3 Year		3.59%	3.54%
5 Year		3.74%	3.39%
Prime Rate		3.70%	3.70%
Note: * Rates subject to change and OAC. (1) Conventional - Uninsured, (2) High Ratio - Insured

Canadian Qualifying Rate	Sep 2018
Rate	5.34%

Source: Bank of Canada

Current Bank of Canada Rate & Prime Rates	Sep 2018	Sep 2017	Sep 2016
Bank Rate	1.75%	1.25%	0.75%
Prime Rate	3.70%	3.20%	2.70%

Source: Bank of Canada

Nationwide Building Permits	Jul 2018	Jul 2017	Jul 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 Province	Jul 2018	Jul 2017	Jul 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 City	Jul 2018	Jul 2017	Jul 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

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

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

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