Welcome to the December issue of the News & Rate Advisor.
| Current Discount Mortgage Rates |
Dec 2011 |
| Variable Rate |
2.80% |
| 1 Year |
2.80% |
| 2 Year |
3.09% |
| 3 Year |
3.19% |
| 4 Year |
3.19% |
| 5 Year |
3.49% |
| 7 Year |
4.59% |
| 10 Year |
4.89% |
| Prime Rate |
3.00% |
| * Rates subject to change and OAC. |
| Canadian Qualifying Rate |
Dec 2011 |
| Rate |
5.29% |
Source: Bank of Canada
| Current Posted Mortgage Rates |
Dec 2011 |
Dec 2010 |
Dec 2009 |
| 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. |
Oct 2011 |
Oct 2010 |
Oct 2009 |
| Residential |
$3,602,157,000 |
$3,423,707,000 |
$3,475,576,000 |
| Commercial |
$2,740,784,000 |
$2,755,926,000 |
$2,744,410,000 |
| Total |
$6,342,941,000 |
$6,179,633,000 |
$6,219,986,000 |
Source: Stats Canada - preliminary figures
| Current Bank & Prime Rates |
Dec 2011 |
Dec 2010 |
Dec 2009 |
| 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 |
Oct 2011 |
Oct 2010 |
Oct 2009 |
| National |
$362,899 |
$343,881 |
$341,232 |
| Yukon |
$307,739 |
$304,800 |
$296,738 |
| Northwest Territories |
$450,500 |
$352,869 |
$363,435 |
| British Columbia |
$535,695 |
$521,871 |
$493,328 |
| Alberta |
$356,101 |
$344,569 |
$351,768 |
| Saskatchewan |
$263,907 |
$257,032 |
$230,958 |
| Manitoba |
$234,871 |
$224,439 |
$204,606 |
| Ontario |
$375,115 |
$347,788 |
$337,410 |
| Quebec |
$266,425 |
$257,456 |
$235,002 |
| New Brunswick |
$154,262 |
$152,087 |
$151,218 |
| Prince Edward Island |
$139,561 |
$150,091 |
$155,028 |
| Nova Scotia |
$202,232 |
$194,578 |
$189,570 |
| Newfoundland |
$249,502 |
$231,039 |
$196,847 |
Source: CREA - Most Recent Month Reported
| Average House Prices by City |
Oct 2011 |
Oct 2010 |
Oct 2009 |
| Yellowknife |
$450,500 |
$352,869 |
$363,435 |
| Vancouver |
$767,225 |
$707,207 |
$638,948 |
| Victoria |
$475,742 |
$506,777 |
$481,500 |
| Edmonton |
$320,306 |
$317,096 |
$318,969 |
| Calgary |
$398,924 |
$393,574 |
$399,679 |
| Saskatoon |
$327,245 |
$293,929 |
$274,759 |
| Regina |
$282,313 |
$257,032 |
$246,300 |
| Toronto |
$478,137 |
$443,633 |
$423,507 |
| Hamilton-Burlington |
$329,802 |
$305,872 |
$296,253 |
| Ottawa-Carleton |
$339,802 |
$341,517 |
$320,561 |
| Quebec City |
$254,188 |
$246,918 |
$219,719 |
| Montreal |
$320,474 |
$309,638 |
$284,024 |
| Fredericton |
$162,082 |
$152,764 |
$144,030 |
| Saint John |
$161,691 |
$165,032 |
$178,632 |
| Halifax-Dartmouth |
$257,414 |
$248,678 |
$235,465 |
| Winnipeg |
$244,506 |
$229,467 |
$210,618 |
Source: CREA - Most Recent Month Reported
For all of your mortgage or refinancing leads, Matt & Roger Wheeler are there to take care of you & give you options that best suit your unique needs. They have taken care of many of our clients who have all been happy with their service & knowledge. Even if you do not qulaify for a mortgage at this particuliar time, they can meet with you to show you how get there in the future.
Merv Edinger & Associates
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