The latest Mortgage Rates

Published 16 March 12 09:44 AM | Merv Edinger 

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

 

Current Discount Mortgage Rates Mar 2012
Variable Rate 2.80%
1 Year 2.89%
2 Year 2.99%
3 Year 3.09%
4 Year 3.19%
5 Year 3.29%
7 Year 3.99%
10 Year 4.49%
Prime Rate 3.00%
* Rates subject to change and OAC.

 

Canadian Qualifying Rate Mar 2012
Rate 5.24%
Source: Bank of Canada

 

Current Posted Mortgage Rates Mar 2012 Mar 2011 Mar 2010
1 Year 3.20% 3.50% 3.60%
3 Year 3.95% 4.35% 4.35%
5 Year 5.24% 5.34% 5.85%
Source: Bank of Canada

 

Nationwide Building Permits. Jan 2012 Jan 2011 Jan 2010
Residential $4,188,994,000 $3,648,706,000 $3,991,040,000
Commercial $1,808,909,000 $1,634,489,000 $1,688,514,000
Total $5,997,903,000 $5,283,195,000 $5,679,554,000
Source: Stats Canada - preliminary figures

 

Current Bank & Prime Rates Mar 2012 Mar 2011 Mar 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 Jan 2012 Jan 2011 Jan 2010
National $348,178 $343,675 $328,537
Yukon $376,286 $296,938 $226,291
Northwest Territories $429,429 $324,598 $353,129
British Columbia $531,577 $548,183 $491,571
Alberta $342,572 $348,488 $343,264
Saskatchewan $260,726 $247,357 $228,430
Manitoba $227,807 $221,933 $213,134
Ontario $358,989 $337,139 $329,134
Quebec $259,426 $247,907 $236,424
New Brunswick $149,479 $151,260 $155,783
Prince Edward Island $146,214 $149,670 $159,319
Nova Scotia $211,421 $207,798 $194,301
Newfoundland $274,070 $235,361 $235,741
Source: CREA - Most Recent Month Reported

 

Average House Prices by City Jan 2012 Jan 2011 Jan 2010
Yellowknife $429,429 $324,598 $353,129
Vancouver $752,380 $762,562 $637,637
Victoria $454,905 $486,384 $509,514
Edmonton $317,995 $315,483 $314,783
Calgary $394,655 $394,655 $382,009
Saskatoon $309,828 $300,353 $270,191
Regina $284,744 $260,133 $213,622
Toronto $463,534 $427,159 $409,058
Hamilton-Burlington $334,106 $325,732 $288,397
Ottawa-Carleton $349,525 $329,640 $323,762
Quebec City $247,326 $240,646 $229,875
Montreal $311,099 $294,436 $283,890
Fredericton $159,302 $143,876 $163,824
Saint John $161,163 $171,788 $168,439
Halifax-Dartmouth $259,395 $252,141 $241,968
Winnipeg $237,832 $229,716 $206,454
Source: CREA - Most Recent Month Reported

 

NOVA Mortgage

7 Mellor Ave Unit 1 Dartmouth N.S

Matt Cell 902-237-4472

Roger Cell 902-478-7909

Fax 902-434-1462

roger@novamortgage.ca

matt@novamortgage.ca

Please feel FREE to visit our website at http://www.MervEdinger.com for the latest listings in the Halifax Regional Municipality

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