Monday, April 18, 2011

Victor Peca Home Loans Advisor

Victor Peca Home Loans Advisor – http://www.victorpeca.com/
Reminder of my 32” Flat Screen TV Referral Program
Remember………”You Get By Giving”



Welcome to the April issue of the News & Rate Advisor.
Current Discount Mortgage Rates    Apr 2011
Variable Rate                                    2.20%
1 Year                                              2.90%
2 Year                                              3.25%
3 Year                                              3.64%
4 Year                                              3.69%
5 Year                                              3.94%
7 Year                                              5.10%
10 Year                                            5.30%
Prime Rate                                       3.00%
* Rates subject to change and OAC.

Canadian Qualifying Rate    Apr 2011
Rate                                     5.69%
Source: Bank of Canada

Current Posted Mortgage Rates  Apr 2011  Apr 2010  Apr 2009
1 Year                                           3.70%     3.80%      3.90%
3 Year                                           4.55%     4.75%      4.15%
5 Year                                           5.69%     6.25%      5.25%
Source: Bank of Canada

Nationwide Building Permits. Feb 2011          Feb 2010               Feb 2009
Residential                       $2,982,757,000   $3,685,207,000   $2,096,252,000
Commercial                     $2,826,075,000   $1,955,669,000   $1,583,061,000
Total                               $5,808,832,000   $5,640,876,000   $3,679,313,000
Source: Stats Canada - preliminary figures

Current Bank & Prime Rates   Apr 2011   Apr 2010   Apr 2009
Bank Rate                                1.25%       0.50%        0.50%
Prime Rate                               3.00%       2.25%        2.25%
Source: Bank of Canada


Average House Prices by Province   Feb 2011   Feb 2010    Feb 2009
National                                          $365,192    $335,655    $281,972
Yukon                                             $299,393    $252,722    $267,192
Northwest Territories                       $381,492    $353,389    $329,491
British Columbia                              $587,576    $497,807    $421,023
Alberta                                            $352,076    $343,748    $326,785
Saskatchewan                                 $251,302    $244,386    $227,382
Manitoba                                        $222,071    $210,059    $188,795
Ontario                                           $359,592    $347,097    $284,843
Quebec                                           $251,902    $240,172    $207,927
New Brunswick                              $151,063    $154,051    $147,575
Prince Edward Island                      $134,135    $130,469    $131,911
Nova Scotia                                   $207,051    $217,413     $187,688
Newfoundland                                $240,403    $219,195    $195,244
Source: CREA - Most Recent Month Reported

Average House Prices by City         Feb 2011    Feb 2010    Feb 2009
Yellowknife                                    $381,492    $353,389    $329,491
Vancouver                                      $791,604    $662,741    $542,641
Victoria                                          $490,970    $481,246    $442,592
Edmonton                                       $311,674    $316,927    $308,970
Calgary                                          $400,879    $389,388    $370,198
Saskatoon                                      $287,202    $291,056    $281,681
Regina                                           $272,609     $263,753   $232,968
Toronto                                          $454,470    $431,509    $361,361
Hamilton-Burlington                        $331,741    $314,656    $265,452
Ottawa-Carleton                             $337,797    $318,894    $273,991
Quebec City                                   $244,326    $228,291    $198,107
Montreal                                        $300,471   $287,241    $250,461
Fredericton                                    $152,696   $149,013    $135,834
Saint John                                     $175,371   $168,735    $176,629
Halifax-Dartmouth                          $261,638   $251,072    $229,660
Winnipeg                                       $228,180   $215,230     $194,588
Source: CREA - Most Recent Month Reported

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