Office: 165 Pretoria Avenue, Ottawa ON. K1S 1X1
Phone: 613.238.2801
Fax: 613.238.4583
email: roberthof@royallepage.ca
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
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Welcome to the December issue of the News & Rate Advisor.
Source: Bank of Canada
Source: Bank of Canada
Source: Stats Canada – preliminary figures
Source: Bank of Canada
Source: CREA – Most Recent Month Reported
Source: CREA – Most Recent Month Reported
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winsova2@gmail.com is currently subscribed to receive email correspondence from Gemma RileyLaurin And Kevin Laurin [200-440 Laurier Ave W , Ottawa, ON – (613) 845-0786].
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Welcome to the November issue of the News & Rate Advisor.
Source: Bank of Canada
Source: Bank of Canada
Source: Stats Canada – preliminary figures
Source: Bank of Canada
Source: CREA – Most Recent Month Reported
Source: CREA – Most Recent Month Reported
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winsova2@gmail.com is currently subscribed to receive email correspondence from Gemma RileyLaurin And Kevin Laurin [200-440 Laurier Ave W , Ottawa, ON – (613) 845-0786].
Click here to manage your subscriptions.
| 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% | |
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Note: * Rates subject to change and OAC. (1) Conventional – Uninsured, (2) High Ratio – Insured |
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| Canadian Qualifying Rate | Oct 2019 |
| Rate | 5.19% |
| 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
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Source: Bank of Canada
Source: Bank of Canada
Source: Stats Canada – preliminary figures
Source: Bank of Canada
Source: CREA – Most Recent Month Reported
Source: CREA – Most Recent Month Reported
Welcome to the December issue of the News & Rate Advisor.
Source: Bank of Canada
Source: Bank of Canada
Source: Stats Canada – preliminary figures
Source: Bank of Canada
Source: CREA – Most Recent Month Reported
Source: CREA – Most Recent Month Reported |
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| 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% | |
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Note: * Rates subject to change and OAC. (1) Conventional – Uninsured, (2) High Ratio – Insured |
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| Canadian Qualifying Rate | Oct 2018 |
| Rate | 5.34% |
| 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
| 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% | |
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Note: * Rates subject to change and OAC. (1) Conventional – Uninsured, (2) High Ratio – Insured |
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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
| 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 |
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| Canadian Qualifying Rate | Aug 2018 |
| Rate | 5.34% |
| 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
| 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 |
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| Canadian Qualifying Rate | Jul 2018 |
| Rate | 5.34% |
| 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
