Update: TELUS, Bell and SaskTel reduce iPhone 5 pricing by $100 (must sign 3-year contract)

TELUS is also jumping on the 16GB iPhone 5 price drop. Their promo is now available online and sees all models of the iPhone drop by $100, so here’s the new pricing until December 27th:

16GB: $79
32GB: $179
64GB: $279

To score this deal you’ll have to sign a 3-year and spend $50/month or more.

Update: SaskTel has also reduced their pricing, but have beat everyone so far by a penny. 16GB starts at $78.99 on a 3-year.

Update 2: As expected, Bell is offering a $100 discount on the iPhone 5. Bell’s site states “Bonus: until December 31, get a $100 in-store credit towards your phone and accessories when activating an iPhone 5 on a 3-year term.1 Offer not available online. ”

Update 3: We’re also hearing that Virgin has discounted the iPhone 5 by the same pricing, but nothing confirmed online.

Source: TELUS & SaskTel, Bell, Virgin

(Thanks to everyone who sent this in!)