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Mortgage
Calculators

CURRENT BEST MORTGAGE RATES

Term

Your Bank

Us

6 mnth
Closed

n/a

2.89%

1 Year
Closed

n/a

2.74

2 Year
Closed

3.60%

2.74%

3 Year
Closed

4.15%

2.79%

4 Year
Closed

4.94%

2.99%

5 Year
Closed

5.19%

3.09%**

7 Year
Closed

6.35%

3.99%

10 Year
Closed

6.50%

3.99%

Line of Credit (HELOC)

4.00%

3.50%**

Variable
(ARM)

3.75%

2.75%**



3.00% Prime Rate. *Rates subject to change without notice. OAC, E&OE. ** promotional offers Call for Details

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CAAMP Stats September 2010

September 3, 2010

Below is the September 2010 Issue of CAAMP Stats.

To find out more about CAAMP, please visit www.caamp.org
Bank of Canada Interest Rate

June 1, 2010 0.50 %
July 20, 2010 0.75 %
September 8, 2010 Next meeting date

Source: Bank of Canada

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Bank Prime Lending Rate

June 2, 2010 2.50 %
July 21, 2010 2.75 %
September 9, 2010 Next meeting date

Source: Bank of Canada

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Conventional Mortgage – 5 Year Rate*

August 16, 2010 5.59 %
August 23, 2010 5.49 %
August 30, 2010 5.39 %

Source: Bank of Canada
*Determinant for high ratio mortgage variable qualifying rate

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US Federal Reserve Board Discount Rate

June 23, 2010 0.00 % – 0.25 %
August 10, 2010 0.00 % – 0.25 %
September 21, 2010 Next Meeting date

Source: US Federal Reserve

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Exchange Rate $CDN($US)

July 27 , 2010 0.9651
August 18, 2010 0.9721
September 1, 2010 0.9506

Source: Bank of Canada

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Government of Canada Bonds

Bond Type July 28, 2010 August 11, 2010 August 25, 2010
1 year Treasury Bill 1.17% 1.07% 0.98%
3 year Benchmark
Bond Yield		 1.82% 1.70% 1.53%
5 year Benchmark
Bond Yield		 2.44% 2.13% 2.08%
10 year Benchmark
Bond Yield		 3.22% 2.97% 2.83%

Source: Bank of Canada

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Total New Housing Starts (Seasonable adjusted and annualized)

Province May
2010		 May
2009		 June
2010		 June
2009		 July
2010		 July
2009
Newfoundland/Labrador 4,500 2,700 4,500 2,900 3,300 2,900
PEI 1,500 800 1,000 1,000 800 600
Nova Scotia 6,000 3,000 3,200 2,700 5,800 3,300
New Brunswick 4,400 4,000 4,700 3,300 6,100 3,800
Quebec 50,100 42,200 54,500 37,900 52,900 46,200
Ontario 66,300 43,800 56,100 45,800 53,200 39,100
Manitoba 5,000 3,300 8,100 5,000 9,700 4,000
Saskatchewan 4,400 4,900 6,200 5,100 5,300 3,600
Alberta 29,700 12,400 27,000 20,000 29,200 17,600
British Columbia 26,000 11,200 27,000 14,100 22,800 13,100
CANADA 197,900 128,400 192,300 137,800 189,100 134,200

Source: CMHC Housing Now – August 2010 and August 2009. This seasonally adjusted data goes through stages of revision at different times of the the year.

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Average MLS® Resale Price for Local Markets

City July 2009 July 2010
Halifax $243,524 $245,944
Saint John $156,010 $176,061
Quebec $217,193 $237,820
Montreal $282,832 $302,856
Ottawa $300,635 $322,342
Toronto $345,414 $420,455
Hamilton/Burlington $296,591 $309,293
Winnipeg $206,135 $225,191
Saskatoon $283,619 $289,715
Calgary $381,740 $402,809
Edmonton $324,744 $329,731
Vancouver $584,105 $657,815
Victoria $475,490 $496,943

Source: Canadian Real Estate Association

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Canada and US House Prices

Source: CD Howe Institute August 2010
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Related posts:

  1. CAAMP Stats for August 2010 Below is the August 2010 Issue of CAAMP Stats. To find out more about CAAMP, please visit www.caamp.org Bank of Canada Interest Rate June 1, 2010 0.50 % July 20, 2010 0.75 % September 8, 2010 Next meeting date Source: Bank of Canada Top Bank Prime Lending Rate June 2, 2010 2.50 % July 21, 2010 [...]...
  2. June Issue of CAAMP Stats Below is the June Issue of the CAAMP Stats. To find out more about CAAMP, please visit www.caamp.org Bank of Canada Interest Rate April 20, 2010 0.25 % June 1, 2010 0.50 % July 20, 2010 Next meeting date Source: Bank of Canada Bank Prime Lending Rate April 21, 2010 2.25 % June 2, 2010 2.50 [...]...
  3. CAAMP Stats for May 2010 Below is the May issue of the CAAMP Stats. To find out more about CAAMP, visit www.caamp.org Bank of Canada Interest Rate March 2, 2010 0.25 % April 20, 2010 0.25 % June 1, 2010 Next meeting date Source: Bank of Canada Bank Prime Lending Rate March 3, 2010 2.25 % April 21, 2010 2.25 % [...]...
  4. March issue of CAAMP Stats Bank of Canada Interest Rate January 19, 2010 0.25% March 2, 2010 0.25%* April 20, 2010 Next meeting date Source: Bank of Canada *Bank of Canada statement included reference to hold rate to end of second quarter 2010 Bank Prime Lending Rate January 20, 2010 2.25% March 3, 2010 2.25% April 21, 2010 Next meeting [...]...
  5. CAAMP Economic stats   October 2009 Welcome to the October issue of CAAMP Stats. For more information about CAAMP, visit www.caamp.org Jump to a Section Bank of Canada Interest Rate Bank Prime Lending Rate US Federal Reserve Board Discount Rate Exchange Rate Government of Canada Bonds Total New Housing Starts Average MLS resale price for local markets Bank of Canada Interest Rate [...]...

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