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May 2013

Found 3 blog entries for May 2013.

Average House Prices by City

Mar 2013

Mar 2012

Mar 2011

Yellowknife

$417,875

$359,510

$375,100

Vancouver

$759,340

$761,742

$786,311

Victoria

$474,937

$513,374

$494,207

Edmonton

$350,723

$335,579

$326,557

Calgary

$441,424

$409,750

$398,836

Saskatoon

$331,249

$315,935

$294,025

Regina

$314,353

$287,772

$275,431

Toronto

$519,879

$504,117

$456,147

Hamilton-Burlington

$388,147

$353,165

$326,453

Ottawa-Carleton

$359,321

$353,714

$347,642

Quebec City

$266,897

$259,316

$239,244

Montreal

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Current Discount Mortgage Rates

May 2013

Variable Rate

2.65%

1 Year

2.74%

2 Year

2.69%

3 Year

2.65%

4 Year

2.89%

5 Year

2.89%

7 Year

3.59%

10 Year

3.69%

Prime Rate

3.00%

* Rates subject to change and OAC.
 
Canadian Qualifying Rate

May 2013

Rate

5.14%

Source: Bank of Canada

 
Current Posted Mortgage Rates

May 2013

May 2012

May 2011

1 Year

3.00%

3.20%

3.70%

3 Year

3.55%

3.95%

4.55%

5 Year

5.14%

5.44%

5.59%

Source: Bank of Canada

 
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Goodbye HST, hello Sales! With last month’s numbers we saw a change in the direction with now fewer listings on the market than at this time last year and increased sales. While it’s early to recognize the increase in activity over the last few weeks as a “trend”, it’s encouraging to say the least! By my personal observations the scales appear to be tipping back towards balance with an increasing number of buyers expressing positive sentiments about this being a good time to buy. It’s historically normal for us to see an increase in both listings and sales as the weather warms up in Spring. We experienced declines in sales and prices over the past few years when many other Canadian and even some BC markets continued to increase, I think we may have

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