March 2013
Found 5 blog entries for March 2013.
Average Canadian House Prices
Average House Prices by City |
Jan 2013 |
Jan 2012 |
Jan 2011 |
Yellowknife |
$405,483 |
$429,429 |
$324,598 |
Vancouver |
$748,651 |
$752,380 |
$762,562 |
Victoria |
$421,939 |
$454,905 |
$486,384 |
Edmonton |
$323,541 |
$317,995 |
$315,483 |
Calgary |
$418,938 |
$394,655 |
$394,655 |
Saskatoon |
$320,812 |
$309,828 |
$300,353 |
Regina |
$299,700 |
$284,744 |
$260,133 |
Toronto |
$482,648 |
$463,534 |
$427,159 |
Hamilton-Burlington |
$349,943 |
$334,106 |
$325,732 |
Ottawa-Carleton |
$343,382 |
$349,525 |
$329,640 |
Quebec City |
$266,692 |
$247,326 |
$240,646 |
Montreal |
Mortgage Rate Update
Current Discount Mortgage Rates |
Mar 2013 |
|||
Variable Rate |
2.65% |
|||
1 Year |
2.74% |
|||
2 Year |
2.69% |
|||
3 Year |
2.65% |
|||
4 Year |
2.99% |
|||
5 Year |
2.89% |
|||
7 Year |
3.59% |
|||
10 Year |
3.69% |
|||
Prime Rate |
3.00% |
|||
* Rates subject to change and OAC. | ||||
Current Posted Mortgage Rates |
Mar 2013 |
Mar 2012 |
Mar 2011 |
|
1 Year |
3.00% |
3.20% |
3.50% |
|
3 Year |
3.55% |
3.95% |
4.35% |
|
5 Year |
5.14% |
5.24% |
5.34% |
Ron’s Candid Comments on the Victoria Real Estate Market - March 2013
Ron’s Candid Comments on the Victoria Real Estate Market - March 2013
Our real estate board reports “Spring Perks Up Greater Victoria Real Estate”. In reality while yes we have seen our typical seasonal activity increase in activity, sales are lagging far behind last year’s numbers and the number of listings offered for sale is up marginally. There are bargains to be had for home buyers and those who “price their homes right” are selling them, even in some cases with competing offers. Those home sellers in need of last year’s prices are, however, finding themselves out of luck as the market dropped sharply in sales volume and price especially since the latest mortgage rule changes introduced in July 2012. My personal crystal ball sees prices
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