Mortgage updates | Robert Hof - Ottawa Real Estate

About Dominion Lending Centres Family Mortgage Group

Dominion Lending Centres Family Mortgage Group is a mortgage brokerage and leasing company associated with Dominion Lending Centres servicing the Ottawa Region. Dominion Lending Centres is a National mortgage company that works with 90 banks, credit unions and trust companies providing residential and commerical mortgages and business leasing service

Gemma Riley-Laurin and Kevin Laurin (The Laurin Team), is an Ottawa based husband and wife mortgage team with the Dominion Lending Centres Family Mortgage Group, servicing the needs of residential mortgages and commercial/business leasing for the Ottawa Region.

With more than 25 years of combined experience in the financial industry, The Laurin Team is able to offer a mortgage solution or a business leasing that suits your needs and is the best financial option available for your home or business expansion in Canada's Capital area.

To reach Gemma

900- 275 Slater Street
K1P 5H9 Ottawa, Ontario

(613) 845-0786

https://www.thelaurinteam.com

News & Rate Advisor

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

Current Discount Mortgage Rates for Nov 2020	Conventional¹	High Ratio²
Variable Rate	1.87%	1.87%
2 Year	2.34%	1.69%
4 Year	2.19%	1.74%
5 Year	1.94%	1.69%
Prime Rate	2.45%	2.45%
Note: * Rates subject to change and OAC. (1) Conventional – Uninsured, (2) High Ratio – Insured

Canadian Qualifying Rate	Nov 2020
Rate	4.79%

Source: Bank of Canada

Current Posted Mortgage Rates	Nov 2020	Nov 2019	Nov 2018
1 Year	3.09%	3.64%	3.64%
3 Year	3.59%	3.94%	4.29%
5 Year	4.79%	5.19%	5.34%

Source: Bank of Canada

Nationwide Building Permits	Sep 2020	Sep 2019	Sep 2018
Residential	$6,606,745,000	$5,274,155,000	$5,009,778,000
Commercial	$3,742,944,000	$3,210,256,000	$3,049,189,000
Total	$10,349,689,000	$8,484,411,000	$8,058,967,000

Source: Stats Canada – preliminary figures

Current Bank of Canada Rate & Prime Rates	Nov 2020	Nov 2019	Nov 2018
Bank Rate	0.50%	2.00%	2.00%
Prime Rate	2.45%	3.95%	3.95%

Source: Bank of Canada

Average House Prices by City	Sep 2020	Sep 2019	Sep 2018
Yellowknife	$434,682	$458,793	$462,578
Vancouver	$1,041,300	$990,600	$1,070,600
Victoria	$716,800	$691,500	$694,200
Edmonton	$323,100	$319,200	$326,700
Calgary	$415,200	$419,400	$424,200
Saskatoon	$303,900	$290,400	$293,800
Regina	$278,800	$266,800	$277,000
Toronto	$897,700	$805,500	$765,400
Hamilton-Burlington	$718,600	$616,800	$575,300
Ottawa-Carleton	$529,900	$434,100	$392,700
Quebec City	$260,200	$274,625	$272,456
Montreal	$413,000	$371,300	$347,700
Fredericton	$210,015	$168,995	$181,895
Saint John	$205,247	$179,463	$195,002
Halifax-Dartmouth	$381,792	$318,822	$298,140
Winnipeg	$286,600	$295,595	$296,216

Source: CREA – Most Recent Month Reported

Average House Prices by Province	Sep 2020	Sep 2019	Sep 2018
National	$604,211	$512,501	$486,917
Yukon	$476,141	$411,162	$315,501
Northwest Territories	$434,682	$458,793	$462,578
British Columbia	$801,039	$696,115	$685,171
Alberta	$403,163	$374,820	$385,061
Saskatchewan	$293,743	$292,965	$273,783
Manitoba	$308,689	$282,314	$285,055
Ontario	$741,395	$618,165	$577,550
Quebec	$397,445	$336,858	$317,173
New Brunswick	$226,659	$171,741	$174,893
Prince Edward Island	$297,290	$250,955	$205,709
Nova Scotia	$303,599	$246,102	$231,891
Newfoundland	$278,500	$238,403	$253,175

Source: CREA – Most Recent Month Reported

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

Current Discount Mortgage Rates for Sep 2020	Conventional¹	High Ratio²
Variable Rate	1.80%	1.80%
2 Year	2.49%	1.84%
4 Year	2.44%	1.84%
5 Year	1.89%	1.84%
Prime Rate	2.45%	2.45%
Note: * Rates subject to change and OAC. (1) Conventional – Uninsured, (2) High Ratio – Insured

Canadian Qualifying Rate	Sep 2020
Rate	4.79%

Source: Bank of Canada

Current Posted Mortgage Rates	Sep 2020	Sep 2019	Sep 2018
1 Year	3.09%	3.64%	3.49%
3 Year	3.59%	3.94%	4.30%
5 Year	4.79%	5.19%	5.34%

Source: Bank of Canada

Nationwide Building Permits	Jul 2020	Jul 2019	Jul 2018
Residential	$5,982,545,000	$5,966,679,000	$5,893,760,000
Commercial	$3,340,751,000	$4,042,959,000	$3,593,882,000
Total	$9,323,296,000	$10,009,638,000	$9,487,642,000

Source: Stats Canada – preliminary figures

Current Bank of Canada Rate & Prime Rates	Sep 2020	Sep 2019	Sep 2018
Bank Rate	0.50%	2.00%	1.75%
Prime Rate	2.45%	3.95%	3.70%

Source: Bank of Canada

Average House Prices by City	Jul 2020	Jul 2019	Jul 2018
Yellowknife	$394,407	$403,153	$377,110
Vancouver	$1,031,400	$995,200	$1,087,500
Victoria	$724,600	$699,600	$672,800
Edmonton	$319,900	$323,000	$334,400
Calgary	$411,200	$419,900	$430,000
Saskatoon	$296,900	$291,300	$297,200
Regina	$272,200	$269,400	$281,100
Toronto	$880,400	$800,900	$768,400
Hamilton-Burlington	$687,000	$607,600	$555,459
Ottawa-Carleton	$506,700	$428,200	$390,100
Quebec City	$258,000	$280,580	$268,897
Montreal	$401,300	$367,800	$345,000
Fredericton	$218,767	$186,424	$197,103
Saint John	$202,297	$188,973	$186,976
Halifax-Dartmouth	$363,692	$309,101	$293,638
Winnipeg	$284,000	$304,605	$296,735

Source: CREA – Most Recent Month Reported

Average House Prices by Province	Jul 2020	Jul 2019	Jul 2018
National	$571,471	$498,943	$481,429
Yukon	$431,053	$419,165	$377,110
Northwest Territories	$394,407	$403,153	$433,489
British Columbia	$768,061	$682,807	$695,660
Alberta	$401,100	$373,363	$385,156
Saskatchewan	$290,252	$286,432	$291,435
Manitoba	$309,225	$291,242	$286,071
Ontario	$704,985	$596,545	$557,533
Quebec	$387,245	$325,318	$309,862
New Brunswick	$203,173	$179,988	$184,118
Prince Edward Island	$274,630	$237,760	$190,834
Nova Scotia	$289,243	$253,472	$235,239
Newfoundland	$252,829	$248,818	$254,533

Source: CREA – Most Recent Month Reported

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

Current Discount Mortgage Rates for Aug 2020	Conventional¹	High Ratio²
Variable Rate	1.80%	1.80%
2 Year	2.29%	1.94%
4 Year	2.24%	1.94%
5 Year	1.99%	1.99%
Prime Rate	2.45%	2.45%
Note: * Rates subject to change and OAC. (1) Conventional – Uninsured, (2) High Ratio – Insured

Canadian Qualifying Rate	Aug 2020
Rate	4.79%

Source: Bank of Canada

Current Posted Mortgage Rates	Aug 2020	Aug 2019	Aug 2018
1 Year	3.09%	3.64%	3.49%
3 Year	3.75%	4.29%	4.30%
5 Year	4.79%	5.34%	5.34%

Source: Bank of Canada

Nationwide Building Permits	Jun 2020	Jun 2019	Jun 2018
Residential	$6,917,295,000	$5,974,129,000	$6,422,470,000
Commercial	$3,558,585,000	$3,894,753,000	$3,827,862,000
Total	$10,475,880,000	$9,868,882,000	$10,250,332,000

Source: Stats Canada – preliminary figures

Current Bank of Canada Rate & Prime Rates	Aug 2020	Aug 2019	Aug 2018
Bank Rate	0.50%	2.00%	1.75%
Prime Rate	2.45%	3.95%	3.70%

Source: Bank of Canada

Average House Prices by City	Jun 2020	Jun 2019	Jun 2018
Yellowknife	$402,384	$478,410	$485,985
Vancouver	$1,025,300	$998,700	$1,093,600
Victoria	$717,800	$697,700	$675,800
Edmonton	$318,200	$323,900	$335,100
Calgary	$405,200	$419,900	$431,300
Saskatoon	$291,700	$292,100	$297,600
Regina	$265,000	$269,400	$279,700
Toronto	$863,700	$798,500	$772,100
Hamilton-Burlington	$674,600	$606,900	$549,537
Ottawa-Carleton	$492,700	$424,400	$389,200
Quebec City	$254,700	$290,095	$288,643
Montreal	$391,900	$365,700	$344,800
Fredericton	$217,722	$189,208	$203,414
Saint John	$200,961	$176,432	$196,323
Halifax-Dartmouth	$366,243	$322,955	$308,761
Winnipeg	$281,100	$312,625	$312,173

Source: CREA – Most Recent Month Reported

Average House Prices by Province	Jun 2020	Jun 2019	Jun 2018
National	$538,831	$505,463	$495,797
Yukon	$447,360	$394,688	$377,400
Northwest Territories	$402,384	$478,410	$485,985
British Columbia	$751,903	$687,326	$716,259
Alberta	$382,335	$386,012	$402,354
Saskatchewan	$286,179	$287,478	$294,199
Manitoba	$305,761	$300,037	$302,490
Ontario	$678,906	$611,307	$573,396
Quebec	$369,898	$326,990	$313,372
New Brunswick	$199,327	$174,252	$191,808
Prince Edward Island	$254,510	$241,195	$204,462
Nova Scotia	$286,227	$261,160	$245,472
Newfoundland	$227,132	$251,858	$255,989

Source: CREA – Most Recent Month Reported

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

Current Discount Mortgage Rates for Jun 2020	Conventional¹	High Ratio²
Variable Rate	2.72%	2.72%
2 Year	2.79%	2.69%
4 Year	2.69%	2.69%
5 Year	2.34%	2.49%
Prime Rate	2.45%	2.45%
Note: * Rates subject to change and OAC. (1) Conventional – Uninsured, (2) High Ratio – Insured

Canadian Qualifying Rate	Jun 2020
Rate	4.94%

Source: Bank of Canada

Current Posted Mortgage Rates	Jun 2020	Jun 2019	Jun 2018
1 Year	3.19%	3.64%	3.49%
3 Year	3.89%	4.29%	4.30%
5 Year	4.94%	5.34%	5.34%

Source: Bank of Canada

Nationwide Building Permits	Apr 2020	Apr 2019	Apr 2018
Residential	$3,871,556,000	$5,778,223,000	$5,393,559,000
Commercial	$1,817,624,000	$3,466,802,000	$2,704,196,000
Total	$5,689,180,000	$9,245,025,000	$8,097,755,000

Source: Stats Canada – preliminary figures

Current Bank of Canada Rate & Prime Rates	Jun 2020	Jun 2019	Jun 2018
Bank Rate	0.50%	2.00%	1.50%
Prime Rate	2.45%	3.95%	3.45%

Source: Bank of Canada

Average House Prices by City	Apr 2020	Apr 2019	Apr 2018
Yellowknife	$453,399	$469,259	$378,114
Vancouver	$1,036,000	$1,008,400	$1,092,000
Victoria	$715,700	$690,200	$666,700
Edmonton	$313,600	$320,900	$334,400
Calgary	$410,400	$411,100	$430,700
Saskatoon	$287,200	$287,700	$294,100
Regina	$254,200	$262,200	$275,600
Toronto	$870,100	$789,100	$766,300
Hamilton-Burlington	$655,000	$598,700	$569,490
Ottawa-Carleton	$478,700	$411,600	$382,000
Quebec City	$277,075	$315,706	$278,726
Montreal	$434,720	$360,900	$341,300
Fredericton	$197,901	$209,962	$172,995
Saint John	$169,772	$184,140	$199,136
Halifax-Dartmouth	$330,565	$316,313	$315,365
Winnipeg	$275,000	$314,081	$306,698

Source: CREA – Most Recent Month Reported

Average House Prices by Province	Apr 2020	Apr 2019	Apr 2018
National	$488,203	$494,978	$495,100
Yukon	$443,432	$447,336	$380,551
Northwest Territories	$453,399	$469,259	$378,114
British Columbia	$736,230	$684,828	$730,333
Alberta	$352,801	$381,452	$386,939
Saskatchewan	$270,990	$288,962	$288,017
Manitoba	$295,518	$299,656	$295,839
Ontario	$593,794	$612,796	$578,072
Quebec	$339,922	$315,706	$296,968
New Brunswick	$182,931	$186,685	$178,206
Prince Edward Island	$242,678	$235,694	$229,650
Nova Scotia	$265,981	$256,735	$248,672
Newfoundland	$235,923	$239,661	$245,697

Source: CREA – Most Recent Month Reported

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

Current Discount Mortgage Rates for May 2020	Conventional¹	High Ratio²
Variable Rate	2.72%	2.72%
2 Year	2.84%	3.04%
4 Year	2.69%	2.89%
5 Year	2.54%	2.54%
Prime Rate	2.45%	2.45%
Note: * Rates subject to change and OAC. (1) Conventional – Uninsured, (2) High Ratio – Insured

Canadian Qualifying Rate	May 2020
Rate	5.04%

Source: Bank of Canada

Current Posted Mortgage Rates	May 2020	May 2019	May 2018
1 Year	3.29%	3.64%	3.49%
3 Year	3.94%	4.29%	4.30%
5 Year	5.04%	5.34%	5.34%

Source: Bank of Canada

Nationwide Building Permits	Mar 2020	Mar 2019	Mar 2018
Residential	$4,287,629,000	$4,465,767,000	$5,012,058,000
Commercial	$2,644,773,000	$3,426,252,000	$2,756,547,000
Total	$6,932,402,000	$7,892,019,000	$7,768,605,000

Source: Stats Canada – preliminary figures

Current Bank of Canada Rate & Prime Rates	May 2020	May 2019	May 2018
Bank Rate	0.50%	2.00%	1.50%
Prime Rate	2.45%	3.95%	3.45%

Source: Bank of Canada

Average House Prices by City	Mar 2020	Mar 2019	Mar 2018
Yellowknife	$450,249	$363,361	$429,808
Vancouver	$1,033,700	$1,011,200	$1,084,000
Victoria	$716,000	$683,900	$658,600
Edmonton	$315,000	$319,000	$333,500
Calgary	$411,700	$409,400	$430,400
Saskatoon	$284,700	$283,700	$293,200
Regina	$253,100	$264,100	$280,000
Toronto	$865,200	$779,100	$760,800
Hamilton-Burlington	$656,400	$591,300	$546,912
Ottawa-Carleton	$472,800	$405,500	$376,800
Quebec City	$280,316	$311,982	$260,481
Montreal	$398,200	$357,600	$338,200
Fredericton	$209,883	$180,950	$164,935
Saint John	$187,849	$184,478	$161,402
Halifax-Dartmouth	$352,946	$339,397	$300,588
Winnipeg	$273,600	$302,631	$304,111

Source: CREA – Most Recent Month Reported

Average House Prices by Province	Mar 2020	Mar 2019	Mar 2018
National	$541,926	$481,745	$491,065
Yukon	$409,787	$407,715	$361,898
Northwest Territories	$450,249	$363,361	$429,808
British Columbia	$788,425	$686,656	$726,803
Alberta	$371,022	$381,280	$392,493
Saskatchewan	$274,127	$275,808	$281,645
Manitoba	$301,369	$296,086	$293,149
Ontario	$682,779	$594,297	$576,950
Quebec	$340,677	$311,982	$295,598
New Brunswick	$192,362	$171,380	$164,527
Prince Edward Island	$273,206	$233,096	$210,719
Nova Scotia	$288,101	$265,513	$233,515
Newfoundland	$235,100	$236,712	$248,897

Source: CREA – Most Recent Month Reported

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

Current Discount Mortgage Rates for Apr 2020	Conventional¹	High Ratio²
Variable Rate	2.72%	2.72%
2 Year	3.09%	3.19%
4 Year	3.09%	3.19%
5 Year	2.84%	2.79%
Prime Rate	2.45%	2.45%
Note: * Rates subject to change and OAC. (1) Conventional – Uninsured, (2) High Ratio – Insured

Canadian Qualifying Rate	Apr 2020
Rate	5.04%

Source: Bank of Canada

Current Posted Mortgage Rates	Apr 2020	Apr 2019	Apr 2018
1 Year	3.29%	3.64%	3.34%
3 Year	3.94%	4.29%	4.15%
5 Year	5.04%	5.34%	5.14%

Source: Bank of Canada

Nationwide Building Permits	Feb 2020	Feb 2019	Feb 2018
Residential	$3,775,381,000	$3,346,016,000	$5,221,564,000
Commercial	$2,308,379,000	$2,261,291,000	$2,860,977,000
Total	$6,083,760,000	$5,607,307,000	$8,082,541,000

Source: Stats Canada – preliminary figures

Current Bank of Canada Rate & Prime Rates	Apr 2020	Apr 2019	Apr 2018
Bank Rate	0.50%	2.00%	1.50%
Prime Rate	2.45%	3.95%	3.45%

Source: Bank of Canada

Average House Prices by City	Feb 2020	Feb 2019	Feb 2018
Yellowknife	$296,817	$355,554	$407,036
Vancouver	$1,020,600	$1,016,600	$1,071,800
Victoria	$708,000	$680,800	$642,800
Edmonton	$312,000	$315,700	$374,361
Calgary	$410,800	$409,800	$428,500
Saskatoon	$285,600	$282,600	$292,800
Regina	$249,800	$262,800	$278,700
Toronto	$846,100	$767,800	$751,700
Hamilton-Burlington	$644,200	$587,300	$552,661
Ottawa-Carleton	$463,100	$400,800	$373,200
Quebec City	$274,122	$266,239	$262,221
Montreal	$390,300	$353,400	$334,600
Fredericton	$205,324	$172,353	$179,981
Saint John	$184,011	$184,513	$171,596
Halifax-Dartmouth	$328,821	$302,879	$315,723
Winnipeg	$270,700	$302,777	$297,929

Source: CREA – Most Recent Month Reported

Average House Prices by Province	Feb 2020	Feb 2019	Feb 2018
National	$539,724	$468,359	$494,309
Yukon	$467,690	$405,682	$347,545
Northwest Territories	$296,817	$355,554	$407,036
British Columbia	$758,706	$678,426	$748,149
Alberta	$375,209	$373,545	$395,016
Saskatchewan	$268,307	$283,931	$291,771
Manitoba	$277,754	$294,136	$286,586
Ontario	$691,887	$580,019	$569,340
Quebec	$343,527	$307,758	$296,071
New Brunswick	$185,529	$173,000	$169,023
Prince Edward Island	$295,565	$220,454	$207,373
Nova Scotia	$260,396	$239,928	$240,600
Newfoundland	$232,866	$233,885	$247,606

Source: CREA – Most Recent Month Reported

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

Current Discount Mortgage Rates for Mar 2020	Conventional¹	High Ratio²
Variable Rate	2.72%	2.72%
2 Year	2.64%	2.89%
4 Year	2.64%	2.74%
5 Year	2.34%	2.39%
Prime Rate	3.45%	3.45%
Note: * Rates subject to change and OAC. (1) Conventional – Uninsured, (2) High Ratio – Insured

Canadian Qualifying Rate	Mar 2020
Rate	5.19%

Source: Bank of Canada

Current Posted Mortgage Rates	Mar 2020	Mar 2019	Mar 2018
1 Year	3.39%	3.64%	3.34%
3 Year	3.04%	4.29%	4.15%
5 Year	5.19%	5.34%	5.14%

Source: Bank of Canada

Nationwide Building Permits	Jan 2020	Jan 2019	Jan 2018
Residential	$4,689,493,000	$4,294,506,000	$5,296,219,000
Commercial	$2,664,177,000	$2,250,852,000	$3,087,552,000
Total	$7,353,670,000	$6,545,358,000	$8,383,771,000

Source: Stats Canada – preliminary figures

Current Bank of Canada Rate & Prime Rates	Mar 2020	Mar 2019	Mar 2018
Bank Rate	1.50%	2.00%	1.50%
Prime Rate	3.45%	3.95%	3.45%

Source: Bank of Canada

Average House Prices by City	Jan 2020	Jan 2019	Jan 2018
Yellowknife	$309,071	$225,343	$372,550
Vancouver	$1,008,700	$1,019,600	$1,056,500
Victoria	$699,900	$680,200	$633,400
Edmonton	$312,400	$317,200	$359,134
Calgary	$411,500	$410,200	$426,500
Saskatoon	$286,500	$286,500	$293,300
Regina	$249,800	$266,600	$279,400
Toronto	$828,200	$761,800	$743,200
Hamilton-Burlington	$629,200	$582,300	$531,610
Ottawa-Carleton	$453,600	$396,300	$370,100
Quebec City	$274,584	$269,763	$263,531
Montreal	$383,800	$349,300	$330,500
Fredericton	$179,695	$171,669	$175,873
Saint John	$183,653	$165,344	$183,373
Halifax-Dartmouth	$331,098	$309,597	$291,070
Winnipeg	$291,396	$280,449	$280,439

Source: CREA – Most Recent Month Reported

Average House Prices by Province	Jan 2020	Jan 2019	Jan 2018
National	$504,358	$454,776	$481,562
Yukon	$382,484	$338,561	$326,619
Northwest Territories	$309,071	$225,343	$372,550
British Columbia	$728,044	$665,315	$721,061
Alberta	$375,649	$361,333	$380,230
Saskatchewan	$264,061	$273,720	$287,086
Manitoba	$277,670	$267,314	$270,303
Ontario	$627,855	$554,936	$543,988
Quebec	$338,091	$306,177	$293,646
New Brunswick	$167,281	$162,043	$168,522
Prince Edward Island	$259,122	$208,971	$222,533
Nova Scotia	$257,528	$234,202	$224,551
Newfoundland	$229,885	$250,562	$243,824

Source: CREA – Most Recent Month Reported

Current Discount Mortgage Rates for Feb 2020	Conventional¹	High Ratio²
Variable Rate	3.15%	3.15%
2 Year	3.04%	3.19%
4 Year	3.04%	2.99%
5 Year	2.79%	2.69%
Prime Rate	3.95%	3.95%
Note: * Rates subject to change and OAC. (1) Conventional – Uninsured, (2) High Ratio – Insured

Canadian Qualifying Rate	Feb 2020
Rate	5.19%

Source: Bank of Canada

Current Posted Mortgage Rates	Feb 2020	Feb 2019	Feb 2018
1 Year	3.64%	3.64%	3.34%
3 Year	3.94%	4.29%	4.15%
5 Year	5.19%	5.34%	5.14%

Source: Bank of Canada

Nationwide Building Permits	Dec 2019	Dec 2018	Dec 2017
Residential	$4,412,700,000	$4,446,072,000	$5,028,174,000
Commercial	$3,546,747,000	$3,074,758,000	$2,942,157,000
Total	$7,959,447,000	$7,520,830,000	$7,970,331,000

Source: Stats Canada – preliminary figures

Current Bank of Canada Rate & Prime Rates	Feb 2020	Feb 2019	Feb 2018
Bank Rate	2.00%	2.00%	1.50%
Prime Rate	3.95%	3.95%	3.45%

Source: Bank of Canada

Average House Prices by City	Dec 2019	Dec 2018	Dec 2017
Yellowknife	$309,071	$431,554	$422,572
Vancouver	$1,008,700	$1,032,400	$1,050,300
Victoria	$699,900	$686,100	$625,800
Edmonton	$312,400	$319,200	$357,126
Calgary	$411,500	$413,900	$427,400
Saskatoon	$286,500	$289,600	$295,100
Regina	$249,800	$267,400	$282,900
Toronto	$828,200	$764,200	$743,500
Hamilton-Burlington	$629,200	$584,100	$529,774
Ottawa-Carleton	$453,600	$394,700	$369,400
Quebec City	$274,584	$271,689	$274,743
Montreal	$383,800	$348,700	$330,900
Fredericton	$179,695	$176,613	$175,531
Saint John	$183,653	$181,576	$295,482
Halifax-Dartmouth	$331,098	$297,599	$298,755
Winnipeg	$291,396	$298,389	$289,155

Source: CREA – Most Recent Month Reported

Average House Prices by Province	Dec 2019	Dec 2018	Dec 2017
National	$504,358	$472,280	$469,532
Yukon	$382,484	$408,924	$432,462
Northwest Territories	$309,071	$431,554	$422,572
British Columbia	$728,044	$695,385	$733,744
Alberta	$375,549	$372,859	$380,316
Saskatchewan	$264,061	$286,149	$283,548
Manitoba	$277,670	$282,121	$278,913
Ontario	$627,855	$559,957	$559,102
Quebec	$338,091	$314,952	$298,780
New Brunswick	$167,281	$174,639	$158,014
Prince Edward Island	$259,122	$214,044	$197,040
Nova Scotia	$257,528	$241,357	$241,055
Newfoundland	$229,885	$249,345	$252,029

Source: CREA – Most Recent Month Reported

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

Current Discount Mortgage Rates for Dec 2019	Conventional¹	High Ratio²
Variable Rate	3.15%	3.15%
2 Year	2.89%	2.99%
4 Year	2.94%	2.99%
5 Year	2.79%	2.69%
Prime Rate	3.95%	3.95%
Note: * Rates subject to change and OAC. (1) Conventional – Uninsured, (2) High Ratio – Insured

Canadian Qualifying Rate	Dec 2019
Rate	5.19%

Source: Bank of Canada

Current Posted Mortgage Rates	Dec 2019	Dec 2018	Dec 2017
1 Year	3.64%	3.64%	3.24%
3 Year	3.94%	4.29%	3.74%
5 Year	5.19%	5.34%	4.99%

Source: Bank of Canada

Nationwide Building Permits	Oct 2019	Oct 2018	Oct 2017
Residential	$5,502,607,000	$5,813,429,000	$4,754,561,000
Commercial	$3,923,573,000	$3,444,669,000	$3,541,688,000
Total	$9,426,180,000	$9,258,098,000	$8,296,249,000

Source: Stats Canada – preliminary figures

Current Bank of Canada Rate & Prime Rates	Dec 2019	Dec 2018	Dec 2017
Bank Rate	2.00%	2.00%	1.25%
Prime Rate	3.95%	3.95%	3.20%

Source: Bank of Canada

Average House Prices by City	Oct 2019	Oct 2018	Oct 2017
Yellowknife	$352,086	$427,371	$428,913
Vancouver	$992,900	$1,062,100	$1,042,300
Victoria	$692,700	$693,600	$620,400
Edmonton	$316,200	$324,000	$370,484
Calgary	$417,700	$422,000	$433,000
Saskatoon	$291,100	$295,100	$299,900
Regina	$259,900	$277,100	$289,000
Toronto	$810,900	$766,300	$747,800
Hamilton-Burlington	$622,200	$579,600	$527,991
Ottawa-Carleton	$437,700	$393,400	$369,200
Quebec City	$291,910	$280,787	$278,672
Montreal	$374,500	$350,000	$329,300
Fredericton	$188,204	$160,076	$169,754
Saint John	$188,350	$166,766	$168,575
Halifax-Dartmouth	$322,141	$288,293	$286,026
Winnipeg	$295,882	$303,860	$294,843

Source: CREA – Most Recent Month Reported

Average House Prices by Province	Oct 2019	Oct 2018	Oct 2017
National	$525,125	$496,763	$481,922
Yukon	$450,275	$401,491	$362,733
Northwest Territories	$352,086	$427,371	$428,913
British Columbia	$722,700	$689,719	$719,946
Alberta	$378,035	$380,664	$395,429
Saskatchewan	$278,546	$281,660	$280,330
Manitoba	$285,013	$294,112	$284,952
Ontario	$631,844	$588,440	$562,654
Quebec	$334,599	$320,156	$307,745
New Brunswick	$180,383	$163,111	$162,740
Prince Edward Island	$249,325	$192,014	$217,182
Nova Scotia	$248,059	$229,770	$227,245
Newfoundland	$248,396	$239,373	$248,956

Source: CREA – Most Recent Month Reported

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

Current Discount Mortgage Rates for Nov 2019	Conventional¹	High Ratio²
Variable Rate	3.15%	3.15%
2 Year	2.89%	2.99%
4 Year	2.94%	2.99%
5 Year	2.74%	2.79%
Prime Rate	3.95%	3.95%
Note: * Rates subject to change and OAC. (1) Conventional – Uninsured, (2) High Ratio – Insured

Canadian Qualifying Rate	Nov 2019
Rate	5.19%

Source: Bank of Canada

Current Posted Mortgage Rates	Nov 2019	Nov 2018	Nov 2017
1 Year	3.64%	3.64%	3.24%
3 Year	3.94%	4.29%	3.74%
5 Year	5.19%	5.34%	4.99%

Source: Bank of Canada

Nationwide Building Permits	Sep 2019	Sep 2018	Sep 2017
Residential	$5,251,943,000	$5,009,778,000	$4,831,142,000
Commercial	$3,212,242,000	$3,049,189,000	$3,112,835,000
Total	$8,464,185,000	$8,058,967,000	$7,943,977,000

Source: Stats Canada – preliminary figures

Current Bank of Canada Rate & Prime Rates	Nov 2019	Nov 2018	Nov 2017
Bank Rate	2.00%	2.00%	1.25%
Prime Rate	3.95%	3.95%	3.20%

Source: Bank of Canada

Average House Prices by City	Sep 2019	Sep 2018	Sep 2017
Yellowknife	$458,793	$462,578	$386,125
Vancouver	$990,600	$1,070,600	$1,037,300
Victoria	$691,500	$694,200	$620,700
Edmonton	$319,200	$326,700	$370,252
Calgary	$419,400	$424,200	$435,400
Saskatoon	$290,400	$293,800	$326,700
Regina	$266,800	$277,000	$320,000
Toronto	$805,500	$765,400	$750,800
Hamilton-Burlington	$616,800	$575,300	$543,927
Ottawa-Carleton	$434,100	$392,700	$367,500
Quebec City	$274,625	$272,456	$264,406
Montreal	$371,300	$347,700	$327,600
Fredericton	$168,995	$181,895	$169,036
Saint John	$179,463	$195,002	$174,665
Halifax-Dartmouth	$318,822	$298,140	$272,491
Winnipeg	$295,595	$296,216	$288,334

Source: CREA – Most Recent Month Reported

Average House Prices by Province	Sep 2019	Sep 2018	Sep 2017
National	$512,501	$486,917	$487,095
Yukon	$411,162	$315,501	$331,440
Northwest Territories	$458,793	$462,578	$386,125
British Columbia	$696,115	$685,171	$693,568
Alberta	$374,820	$385,061	$390,485
Saskatchewan	$292,965	$273,783	$284,625
Manitoba	$282,314	$285,055	$280,026
Ontario	$618,165	$577,550	$547,389
Quebec	$336,858	$317,173	$298,115
New Brunswick	$171,741	$174,893	$159,462
Prince Edward Island	$250,955	$205,709	$188,458
Nova Scotia	$246,102	$231,891	$215,209
Newfoundland	$238,403	$253,175	$252,265

Source: CREA – Most Recent Month Reported

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

Current Discount Mortgage Rates for Oct 2019	Conventional¹	High Ratio²
Variable Rate	3.15%	3.15%
2 Year	2.89%	2.99%
4 Year	2.94%	2.99%
5 Year	2.97%	2.69%
Prime Rate	3.95%	3.95%
Note: * Rates subject to change and OAC. (1) Conventional – Uninsured, (2) High Ratio – Insured

Canadian Qualifying Rate	Oct 2019
Rate	5.19%

Source: Bank of Canada

Current Posted Mortgage Rates	Oct 2019	Oct 2018	Oct 2017
1 Year	3.64%	3.64%	3.24%
3 Year	3.94%	4.29%	3.64%
5 Year	5.19%	5.34%	4.89%

Source: Bank of Canada

Source: Stats Canada – preliminary figures

Current Bank of Canada Rate & Prime Rates	Apr 2019	Apr 2018	Apr 2017
Bank Rate	2.00%	1.50%	0.75%
Prime Rate	3.95%	3.45%	2.70%

Source: Bank of Canada

Average House Prices by City	Feb 2019	Feb 2018	Feb 2017
Yellowknife	$355,554	$407,036	$335,300
Vancouver	$1,016,600	$1,071,800	$995,583
Victoria	$680,800	$642,800	$642,204
Edmonton	$315,700	$374,361	$359,468
Calgary	$409,800	$428,500	$464,834
Saskatoon	$282,600	$292,800	$326,714
Regina	$262,800	$278,700	$300,874
Toronto	$767,800	$751,700	$875,983
Hamilton-Burlington	$587,300	$552,661	$556,630
Ottawa-Carleton	$400,800	$373,200	$382,268
Quebec City	$266,239	$262,221	$252,303
Montreal	$353,400	$334,600	$348,635
Fredericton	$172,353	$179,981	$161,590
Saint John	$184,513	$171,596	$178,351
Halifax-Dartmouth	$302,879	$315,723	$279,362
Winnipeg	$302,777	$297,929	$288,097

Source: CREA – Most Recent Month Reported

Average House Prices by Province	Feb 2019	Feb 2018	Feb 2017
National	$468,359	$494,309	$519,521
Yukon	$405,682	$347,545	$323,076
Northwest Territories	$355,554	$407,036	$335,300
British Columbia	$678,426	$748,149	$688,011
Alberta	$373,545	$395,016	$389,943
Saskatchewan	$283,931	$291,771	$280,384
Manitoba	$294,136	$286,586	$288,263
Ontario	$580,019	$569,340	$634,341
Quebec	$307,758	$296,071	$280,333
New Brunswick	$173,000	$169,023	$163,362
Prince Edward Island	$220,454	$207,373	$212,033
Nova Scotia	$239,928	$240,600	$209,889
Newfoundland	$233,885	$247,606	$248,317

Source: CREA – Most Recent Month Reported

Source: Bank of Canada

Current Posted Mortgage Rates	Jan 2019	Jan 2018	Jan 2017
1 Year	n/a	3.24%	3.14%
3 Year	n/a	3.74%	3.39%
5 Year	n/a	4.99%	4.64%

Source: Bank of Canada

Nationwide Building Permits	Nov 2018	Nov 2017	Nov 2016
Residential	$4,809,450,000	$4,779,015,000	$5,097,630,000
Commercial	$3,272,662,000	$2,914,103,000	$2,666,635,000
Total	$8,082,112,000	$7,693,118,000	$7,764,265,000

Source: Stats Canada – preliminary figures

Current Bank of Canada Rate & Prime Rates	Jan 2018	Jan 2017
Bank Rate	1.25%	0.75%	%
Prime Rate	3.45%	2.70%	%

Source: Bank of Canada

Average House Prices by City	Nov 2018	Nov 2017	Nov 2016
Yellowknife	$334,556	$328,507	$423,222
Vancouver	$1,042,100	$1,046,900	$895,084
Victoria	$686,400	$621,900	$639,687
Edmonton	$321,800	$370,397	$373,174
Calgary	$418,300	$430,700	$468,659
Saskatoon	$293,500	$296,700	$335,660
Regina	$272,100	$284,100	$297,980
Toronto	$763,600	$744,700	$776,684
Hamilton-Burlington	$581,900	$531,021	$510,475
Ottawa-Carleton	$393,600	$369,400	$379,343
Quebec City	$280,072	$259,298	$259,562
Montreal	$348,200	$330,500	$366,956
Fredericton	$164,692	$172,006	$172,925
Saint John	$197,463	$159,576	$168,865
Halifax-Dartmouth	$296,419	$298,507	$282,700
Winnipeg	$289,876	$293,856	$279,557

Source: CREA – Most Recent Month Reported

Average House Prices by Province	Nov 2018	Nov 2017	Nov 2016
National	$488,080	$503,852	$489,591
Yukon	$394,406	$317,892	$289,312
Northwest Territories	$334,556	$328,507	$423,222
British Columbia	$708,739	$722,905	$625,871
Alberta	$374,915	$385,030	$395,648
Saskatchewan	$283,849	$289,810	$292,303
Manitoba	$280,683	$286,221	$282,511
Ontario	$574,993	$564,193	$571,696
Quebec	$314,893	$305,470	$291,232
New Brunswick	$175,976	$157,960	$158,295
Prince Edward Island	$226,155	$204,577	$165,406
Nova Scotia	$233,679	$229,123	$218,332
Newfoundland	$225,655	$249,480	$265,395

Source: CREA – Most Recent Month Reported

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

Current Discount Mortgage Rates for Dec 2018	Conventional¹	High Ratio²
Variable Rate	3.30%	2.95%
2 Year	3.64%	3.54%
4 Year	3.84%	3.69%
5 Year	3.79%	3.59%
Prime Rate	3.95%	3.95%
Note: * Rates subject to change and OAC. (1) Conventional – Uninsured, (2) High Ratio – Insured

Canadian Qualifying Rate	Dec 2018
Rate	5.34%

Source: Bank of Canada

Current Posted Mortgage Rates	Dec 2018	Dec 2017	Dec 2016
1 Year	3.64%	3.24%	3.14%
3 Year	4.29%	3.74%	3.39%
5 Year	5.34%	4.99%	4.64%

Source: Bank of Canada

Nationwide Building Permits	Oct 2018	Oct 2017	Oct 2016
Residential	$5,821,791,000	$4,754,561,000	$5,220,944,000
Commercial	$3,452,960,000	$3,541,688,000	$2,549,673,000
Total	$9,274,751,000	$8,296,249,000	$7,770,617,000

Source: Stats Canada – preliminary figures

Current Bank of Canada Rate & Prime Rates	Dec 2018	Dec 2017	Dec 2016
Bank Rate	2.00%	1.25%	0.75%
Prime Rate	3.95%	3.20%	2.70%

Source: Bank of Canada

Average House Prices by City	Oct 2018	Oct 2017	Oct 2016
Yellowknife	$427,371	$428,913	$308,310
Vancouver	$1,062,100	$1,042,300	$891,705
Victoria	$693,600	$620,400	$615,066
Edmonton	$324,000	$370,484	$364,004
Calgary	$422,000	$433,000	$450,279
Saskatoon	$295,100	$299,900	$332,144
Regina	$277,100	$289,000	$291,741
Toronto	$766,300	$747,800	$762,975
Hamilton-Burlington	$579,600	$527,991	$507,131
Ottawa-Carleton	$393,400	$369,200	$366,639
Quebec City	$280,787	$278,672	$269,925
Montreal	$350,000	$329,300	$354,600
Fredericton	$160,076	$169,754	$159,325
Saint John	$166,766	$168,575	$178,673
Halifax-Dartmouth	$288,293	$286,026	$279,611
Winnipeg	$303,860	$294,843	$279,421

Source: CREA – Most Recent Month Reported

Average House Prices by Province	Oct 2018	Oct 2017	Oct 2016
National	$496,763	$481,922	$481,994
Yukon	$401,491	$362,733	$313,723
Northwest Territories	$427,371	$428,913	$308,310
British Columbia	$689,719	$719,946	$606,787
Alberta	$380,664	$395,429	$391,692
Saskatchewan	$281,660	$280,330	$284,545
Manitoba	$294,112	$284,952	$273,573
Ontario	$588,440	$562,654	$561,896
Quebec	$320,156	$307,745	$288,979
New Brunswick	$163,111	$162,740	$160,651
Prince Edward Island	$192,014	$217,182	$189,979
Nova Scotia	$229,770	$227,245	$213,046
Newfoundland	$239,373	$248,956	$254,207

Source: CREA – Most Recent Month Reported

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

Current Discount Mortgage Rates for Oct 2018	Conventional¹	High Ratio²
Variable Rate	2.65%	2.60%
2 Year	3.19%	3.19%
4 Year	3.64%	3.59%
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 Posted Mortgage Rates	Oct 2018	Oct 2017	Oct 2016
1 Year	3.49%	3.24%	3.14%
3 Year	4.29%	3.64%	3.39%
5 Year	5.34%	4.89%	4.64%

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

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

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

	Aug 2018	Aug 2017	Aug 2016
	$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

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

Current Discount Mortgage Rates for Sep 2018	Conventional¹	High Ratio²
Variable Rate	3.00%	2.70%
2 Year	3.39%	3.24%
4 Year	3.64%	3.64%
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

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

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

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

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

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%
2 Year	3.39%	3.39%
4 Year	3.64%	3.64%
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 Posted Mortgage Rates	Aug 2018	Aug 2017	Aug 2016
1 Year	3.49%	3.14%	3.14%
3 Year	4.30%	3.39%	3.39%
5 Year	5.34%	4.84%	4.74%

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

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

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

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

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

Current Discount Mortgage Rates for Jul 2018	Conventional¹	High Ratio²
Variable Rate	2.49%	2.65%
2 Year	3.29%	3.29%
4 Year	3.04%	3.64%
5 Year	3.24%	3.74%
Prime Rate	3.70%	3.70%
Note: * Rates subject to change and OAC. (1) Conventional – Uninsured, (2) High Ratio – Insured

Canadian Qualifying Rate	Jul 2018
Rate	5.34%

Source: Bank of Canada

Current Posted Mortgage Rates	Jul 2018	Jul 2017	Jul 2016
1 Year	3.49%	3.14%	3.14%
3 Year	4.30%	3.39%	3.39%
5 Year	5.34%	4.64%	4.74%

Source: Bank of Canada

Nationwide Building Permits	May 2018	May 2017	May 2016
Residential	$6,982,187,000	$5,096,203,000	$4,327,110,000
Commercial	$3,132,370,000	$2,768,114,000	$2,451,001,000
Total	$10,114,557,000	$7,864,317,000	$6,778,111,000

Source: Stats Canada – preliminary figures

Current Bank of Canada Rate & Prime Rates	Jul 2018	Jul 2017	Jul 2016
Bank Rate	1.75%	0.75%	0.50%
Prime Rate	3.70%	2.95%	2.70%

Source: Bank of Canada

Average House Prices by City	May 2018	May 2017	May 2016
Yellowknife	$431,863	$410,549	$439,610
Vancouver	$1,094,000	$1,110,376	$1,055,495
Victoria	$671,900	$674,237	$585,994
Edmonton	$335,400	$379,018	$382,695
Calgary	$431,500	$485,444	$476,886
Saskatoon	$296,500	$349,411	$338,153
Regina	$276,500	$326,770	$326,656
Toronto	$772,400	$863,910	$751,908
Hamilton-Burlington	$590,273	$627,688	$497,792
Ottawa-Carleton	$386,300	$406,092	$384,212
Quebec City	$273,607	$266,086	$266,269
Montreal	$343,800	$368,558	$354,533
Fredericton	$169,554	$196,876	$208,115
Saint John	$195,449	$187,519	$165,762
Halifax-Dartmouth	$311,249	$316,035	$294,493
Winnipeg	$307,320	$302,546	$290,063

Source: CREA – Most Recent Month Reported

Average House Prices by Province	May 2018	May 2017	May 2016
National	$496,084	$530,304	$509,460
Yukon	$385,702	$352,372	$329,993
Northwest Territories	$431,863	$410,549	$439,610
British Columbia	$739,699	$752,514	$722,146
Alberta	$395,032	$412,382	$402,751
Saskatchewan	$297,640	$302,720	$297,303
Manitoba	$300,327	$294,159	$283,058
Ontario	$566,433	$598,433	$547,860
Quebec	$312,823	$299,542	$285,171
New Brunswick	$178,222	$179,384	$180,839
Prince Edward Island	$221,638	$187,752	$172,581
Nova Scotia	$255,340	$249,518	$232,597
Newfoundland	$253,107	$258,297	$246,848

Source: CREA – Most Recent Month Reported

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News & Rate Advisor

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