Welcome to the January issue of the News
& Rate Advisor.
| Current Discount Mortgage
Rates |
Jan 2012 |
| Variable Rate |
2.80% |
| 1 Year |
2.89% |
| 2 Year |
2.99% |
| 3 Year |
3.19% |
| 4 Year |
3.29% |
| 5 Year |
3.39% |
| 7 Year |
3.99% |
| 10 Year |
4.79% |
| Prime Rate |
3.00% |
| * Rates subject to change and
OAC. |
| Canadian Qualifying Rate |
Jan 2012 |
| Rate |
5.29% |
Source: Bank of Canada
| Current Posted Mortgage
Rates |
Jan
2012 |
Jan
2011 |
Jan
2010 |
| 1 Year |
3.50% |
3.35% |
3.60% |
| 3 Year |
4.05% |
4.15% |
4.25% |
| 5 Year |
5.29% |
5.19% |
5.49% |
Source: Bank of Canada
| Nationwide Building
Permits. |
Nov 2011 |
Nov 2010 |
Nov 2009 |
| Residential |
$3,854,117,000 |
$3,119,866,000 |
$3,880,087,000 |
| Commercial |
$2,243,192,000 |
$2,410,878,000 |
$2,139,140,000 |
| Total |
$6,097,309,000 |
$5,530,744,000 |
$6,019,227,000 |
Source: Stats Canada - preliminary
figures
| Current Bank & Prime
Rates |
Jan 2012 |
Jan 2011 |
Jan 2010 |
| Bank Rate |
1.25% |
1.25% |
0.50% |
| Prime Rate |
3.00% |
3.00% |
2.25% |
Source: Bank of Canada
| Average House Prices by
Province |
Nov
2011 |
Nov
2010 |
Nov
2009 |
| National |
$360,396 |
$344,268 |
$337,231 |
| Yukon |
$313,064 |
$290,858 |
$283,188 |
| Northwest Territories |
$362,650 |
$392,375 |
$376,700 |
| British Columbia |
$529,141 |
$523,376 |
$482,382 |
| Alberta |
$356,535 |
$347,196 |
$350,081 |
| Saskatchewan |
$255,580 |
$251,732 |
$234,932 |
| Manitoba |
$229,934 |
$222,723 |
$197,611 |
| Ontario |
$373,781 |
$342,989 |
$337,813 |
| Quebec |
$267,342 |
$255,223 |
$234,915 |
| New Brunswick |
$156,126 |
$153,079 |
$156,425 |
| Prince Edward Island |
$139,740 |
$157,116 |
$151,427 |
| Nova Scotia |
$213,334 |
$200,072 |
$195,493 |
| Newfoundland |
$260,902 |
$232,985 |
$213,964 |
Source: CREA - Most Recent Month
Reported
| Average House Prices by
City |
Nov
2011 |
Nov
2010 |
Nov
2009 |
| Yellowknife |
$362,650 |
$392,375 |
$376,700 |
| Vancouver |
$728,118 |
$699,009 |
$622,564 |
| Victoria |
$499,676 |
$511,648 |
$490,892 |
| Edmonton |
$319,559 |
$318,538 |
$318,482 |
| Calgary |
$398,722 |
$398,619 |
$401,201 |
| Saskatoon |
$314,541 |
$312,893 |
$278,885 |
| Regina |
$273,243 |
$265,590 |
$245,753 |
| Toronto |
$480,421 |
$437,999 |
$418,502 |
| Hamilton-Burlington |
$342,005 |
$310,492 |
$310,377 |
| Ottawa-Carleton |
$347,675 |
$325,150 |
$314,071 |
| Quebec City |
$250,888 |
$244,209 |
$215,487 |
| Montreal |
$322,808 |
$305,258 |
$282,665 |
| Fredericton |
$161,279 |
$159,192 |
$137,604 |
| Saint John |
$159,101 |
$170,610 |
$178,484 |
| Halifax-Dartmouth |
$262,714 |
$252,554 |
$239,514 |
| Winnipeg |
$236,127 |
$226,886 |
$202,128 |
Source: CREA - Most Recent Month
Reported
|