Latest mortgage rates - January 2013 - Average house prices by city & province

Published 15 January 13 09:20 AM | Merv Edinger 

Nova Mortgage

With You Every Step Of The Way

novamortgage.ca

 

 


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

 

Current Discount Mortgage RatesJan 2013
Variable Rate2.90%
1 Year2.74%
2 Year2.69%
3 Year2.89%
4 Year3.09%
5 Year3.09%
7 Year3.99%
10 Year3.89%
Prime Rate3.00%
* Rates subject to change and OAC.

 


 

Canadian Qualifying RateJan 2013
Rate5.24%
Source: Bank of Canada

 


 

Current Posted Mortgage RatesJan 2013Jan 2012Jan 2011
1 Year3.00%3.50%3.35%
3 Year3.70%4.05%4.15%
5 Year5.24%5.29%5.19%
Source: Bank of Canada

 


 

Nationwide Building Permits.Nov 2012Nov 2011Nov 2010
Residential$3,768,744,000$3,851,714,000$3,119,866,000
Commercial$2,433,337,000$2,311,642,000$2,410,878,000
Total$6,202,081,000$6,163,356,000$5,530,744,000
Source: Stats Canada - preliminary figures

 


 

Current Bank of Canada Rate & Prime RatesJan 2013Jan 2012Jan 2011
Bank Rate1.25%1.25%1.25%
Prime Rate3.00%3.00%3.00%
Source: Bank of Canada

 


 

Average House Prices by ProvinceNov 2012Nov 2011Nov 2010
National$356,687$360,396$344,268
Yukon$306,590$313,064$290,858
Northwest Territories$392,904$362,650$392,375
British Columbia$480,891$529,141$523,376
Alberta$365,999$356,535$347,196
Saskatchewan$277,487$255,580$251,732
Manitoba$253,995$229,934$222,723
Ontario$376,806$373,781$342,989
Quebec$275,656$267,342$255,223
New Brunswick$157,488$156,126$153,079
Prince Edward Island$146,646$139,740$157,116
Nova Scotia$208,681$213,334$200,072
Newfoundland$274,485$260,902$232,985
Source: CREA - Most Recent Month Reported

 


 

Average House Prices by CityNov 2012Nov 2011Nov 2010
Yellowknife$392,904$362,650$392,375
Vancouver$682,215$728,118$699,009
Victoria$491,326$499,676$511,648
Edmonton$331,526$319,559$318,538
Calgary$413,921$398,722$398,619
Saskatoon$330,125$314,541$312,893
Regina$309,219$273,243$265,590
Toronto$485,328$480,421$437,999
Hamilton-Burlington$369,201$342,005$310,492
Ottawa-Carleton$350,211$347,675$325,150
Quebec City$260,783$250,888$244,209
Montreal$333,324$322,808$305,258
Fredericton$175,122$161,279$159,192
Saint John$168,623$159,101$170,610
Halifax-Dartmouth$266,740$262,714$252,554
Winnipeg$263,786$236,127$226,886
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

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