 Welcome to the February issue of the News & Rate Advisor.
| Current Discount Mortgage Rates |
Feb 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 |
Feb 2012 |
| Rate |
5.14% |
Source: Bank of Canada
| Current Posted Mortgage Rates |
Feb 2012 |
Feb 2011 |
Feb 2010 |
| 1 Year |
3.20% |
3.50% |
3.60% |
| 3 Year |
3.95% |
4.35% |
4.15% |
| 5 Year |
5.14% |
5.44% |
5.39% |
Source: Bank of Canada
| Nationwide Building Permits. |
Dec 2011 |
Dec 2010 |
Dec 2009 |
| Residential |
$4,470,717,000 |
$3,742,934,000 |
$3,837,709,000 |
| Commercial |
$2,376,879,000 |
$1,911,467,000 |
$2,122,994,000 |
| Total |
$6,847,596,000 |
$5,654,401,000 |
$5,960,703,000 |
Source: Stats Canada - preliminary figures
| Current Bank & Prime Rates |
Feb 2012 |
Feb 2011 |
Feb 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 |
Dec 2011 |
Dec 2010 |
Dec 2009 |
| National |
$347,801 |
$344,551 |
$337,410 |
| Yukon |
$343,284 |
$336,698 |
$231,167 |
| Northwest Territories |
$368,543 |
$375,218 |
$271,963 |
| British Columbia |
$513,583 |
$523,990 |
$495,903 |
| Alberta |
$351,350 |
$341,999 |
$350,896 |
| Saskatchewan |
$259,641 |
$241,971 |
$240,271 |
| Manitoba |
$259,453 |
$232,648 |
$201,722 |
| Ontario |
$356,338 |
$343,257 |
$331,410 |
| Quebec |
$267,342 |
$256,106 |
$235,904 |
| New Brunswick |
$153,089 |
$142,813 |
$148,559 |
| Prince Edward Island |
$128,106 |
$144,327 |
$131,227 |
| Nova Scotia |
$224,508 |
$211,971 |
$200,194 |
| Newfoundland |
$258,750 |
$255,517 |
$231,107 |
Source: CREA - Most Recent Month Reported
| Average House Prices by City |
Dec 2011 |
Dec 2010 |
Dec 2009 |
| Yellowknife |
$368,543 |
$375,218 |
$271,963 |
| Vancouver |
$689,057 |
$700,773 |
$627,582 |
| Victoria |
$469,484 |
$496,814 |
$522,211 |
| Edmonton |
$315,658 |
$310,885 |
$319,201 |
| Calgary |
$392,661 |
$381,308 |
$394,300 |
| Saskatoon |
$312,834 |
$300,693 |
$291,554 |
| Regina |
$273,919 |
$251,690 |
$241,644 |
| Toronto |
$451,436 |
$433,887 |
$411,931 |
| Hamilton-Burlington |
$315,940 |
$324,590 |
$285,795 |
| Ottawa-Carleton |
$335,330 |
$325,031 |
$311,604 |
| Quebec City |
$250,888 |
$249,964 |
$231,235 |
| Montreal |
$320,808 |
$304,684 |
$285,356 |
| Fredericton |
$168,580 |
$142,642 |
$136,999 |
| Saint John |
$162,859 |
$165,770 |
$178,037 |
| Halifax-Dartmouth |
$254,228 |
$273,182 |
$246,380 |
| Winnipeg |
$268,977 |
$239,183 |
$209,963 |
Source: CREA - Most Recent Month Reported
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