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Below are the statistical tables from the October 2010 Issue of CAAMP Stats.
To find out more about the Canadian Association of Accredited Mortgage Professionals (CAAMP), please visit their website at www.caamp.org
Bank of Canada Interest Rate
| July 20, 2010 | 0.75 % |
| September 8, 2010 | 1.00 % |
| October 19, 2010 | Next meeting date |
Source: Bank of Canada
Bank Prime Lending Rate
| July 21, 2010 | 2.75 % |
| September 9, 2010 | 3.00 % |
| October 20, 2010 | Next meeting date |
Source: Bank of Canada
Conventional Mortgage – 5 Year Rate*
| August 23, 2010 | 5.49 % |
| August 30, 2010 | 5.39 % |
| September 15, 2010 | 5.39 % |
Source: Bank of Canada
*Determinant for high ratio mortgage variable qualifying rate
US Federal Reserve Board Discount Rate
| August 10, 2010 | 0.00 % – 0.25 % |
| September 21, 2010 | 0.00 % – 0.25 % |
| November 3, 2010 | Next Meeting date |
Exchange Rate $CDN($US)
| September 1, 2010 | 0.9506 |
| September 17, 2010 | 0.9696 |
| October 4, 2010 | 0.9785 |
Source: Bank of Canada
Government of Canada Bonds
| Bond Type | August 25, 2010 | September 15, 2010 | September 29, 2010 |
| 1 year Treasury Bill | 0.98% | 1.30% | 1.27% |
| 3 year Benchmark Bond Yield |
1.53% | 1.72% | 1.58% |
| 5 year Benchmark Bond Yield |
2.08% | 2.25% | 2.01% |
| 10 year Benchmark Bond Yield |
2.83% | 2.90% | 2.74% |
Source: Bank of Canada
Total New Housing Starts (Seasonally adjusted and annualized)
| Province | June 2010 |
June 2009 |
July 2010 |
July 2009 |
August 2010 |
August 2009 |
| Newfoundland/Labrador | 4,500 | 2,900 | 3,300 | 2,900 | 1,800 | 2,400 |
| PEI | 1,000 | 1,000 | 800 | 600 | 800 | 1,000 |
| Nova Scotia | 3,200 | 2,700 | 5,800 | 3,300 | 2,200 | 4,200 |
| New Brunswick | 4,700 | 3,300 | 6,100 | 3,800 | 4,000 | 3,700 |
| Quebec | 54,500 | 37,900 | 52,900 | 46,200 | 38,200 | 47,300 |
| Ontario | 56,100 | 45,800 | 53,200 | 39,100 | 59,400 | 44,200 |
| Manitoba | 8,100 | 5,000 | 9,700 | 4,000 | 4,000 | 5,000 |
| Saskatchewan | 6,200 | 5,100 | 5,300 | 3,600 | 6,100 | 5,100 |
| Alberta | 27,000 | 20,000 | 29,200 | 17,600 | 20,900 | 18,400 |
| British Columbia | 27,000 | 14,100 | 22,800 | 13,100 | 25,400 | 19,200 |
| CANADA | 192,300 | 137,800 | 189,100 | 134,200 | 162,800 | 150,500 |
Source: CMHC Housing Now – September 2010 and September 2009. This seasonally adjusted data goes through stages of revision at different times of the the year.
Average MLS® Resale Price for Local Markets
| City | August 2009 | August 2010 |
| Halifax | $231,203 | $254,298 |
| Saint John | $166,117 | $173,918 |
| Quebec | $220,760 | $239,688 |
| Montreal | $279,897 | $303,707 |
| Ottawa | $315,176 | $322,281 |
| Toronto | $387,899 | $410,995 |
| Hamilton/Burlington | $291,374 | $299,812 |
| Winnipeg | $207,389 | $222,597 |
| Saskatoon | $281,871 | $305,866 |
| Calgary | $388,725 | $385,712 |
| Edmonton | $318,321 | $326,550 |
| Vancouver | $608,032 | $680,782 |
| Victoria | $481,279 | $471,929 |
Source: Canadian Real Estate Association
Housing Affordability Index
Standard two-storey
| Average Price | Qualifying Income ($) | RBC Housing Affordability Measure | |||||
| Region | Q2 2010 ($) | Y/Y % ch. | Q2 2010 | Q2 2010 (%) | Q/Q Ppt. ch. | Y/Y Ppt. ch. | Avg. since ’85 (%) |
| Canada* | 374,200 | 10.1 | 86,600 | 48.9 | 2.1 | 4.3 | 43.3 |
| British Columbia | 625,400 | 12.0 | 130,100 | 71.2 | 2.5 | 8.3 | 54.0 |
| Alberta | 373,900 | 4.9 | 85,100 | 37.5 | 0.7 | 1.5 | 38.6 |
| Saskatchewan | 319,900 | 8.4 | 77,500 | 43.0 | 0.6 | 2.2 | 38.0 |
| Manitoba | 276,000 | 10.7 | 68,500 | 39.3 | 2.2 | 3.1 | 37.7 |
| Ontario | 393,000 | 9.8 | 93,500 | 47.4 | 2.6 | 4.0 | 43.7 |
| Quebec | 263,100 | 12.3 | 64,000 | 43.7 | 1.6 | 4.5 | 38.8 |
| Atlantic | 224,000 | 6.5 | 58,000 | 37.8 | 1.5 | 2.1 | 38.1 |
| Toronto | 564,600 | 10.7 | 126,600 | 60.0 | 3.1 | 5.9 | 53.4 |
| Montreal | 331,400 | 9.5 | 77,900 | 53.3 | 1.9 | 4.9 | 41.6 |
| Vancouver | 768,700 | 14.3 | 156,700 | 82.6 | 2.9 | 11.2 | 62.4 |
| Ottawa | 358,600 | 12.7 | 90,600 | 43.0 | 3.5 | 4.3 | 39.0 |
| Calgary | 422,100 | 5.5 | 91,600 | 40.2 | -0.1 | 1.8 | 40.3 |
| Edmonton | 373,600 | 8.1 | 86,400 | 39.0 | 1.2 | 2.3 | 37.0 |
Detached bungalow
| Average Price | Qualifying Income ($) | RBC Housing Affordability Measure | |||||
| Region | Q2 2010 ($) | Y/Y % ch. | Q2 2010 | Q2 2010 (%) | Q/Q Ppt. ch. | Y/Y Ppt. ch. | Avg. since ’85 (%) |
| Canada* | 330,000 | 10.8 | 76,000 | 42.9 | 1.9 | 4.0 | 39.0 |
| British Columbia | 561,600 | 15.4 | 116,700 | 63.8 | 1.7 | 8.8 | 48.8 |
| Alberta | 347,900 | 5.2 | 77,900 | 34.3 | 1.4 | 1.4 | 36.1 |
| Saskatchewan | 313,100 | 6.4 | 73,600 | 40.8 | 1.5 | 1.6 | 36.6 |
| Manitoba | 249,500 | 10.0 | 62,800 | 36.0 | 0.8 | 2.7 | 36.8 |
| Ontario | 342,200 | 10.3 | 81,200 | 41.2 | 2.3 | 3.6 | 40.1 |
| Quebec | 221,100 | 11.6 | 53,500 | 36.5 | 1.3 | 3.7 | 32.9 |
| Atlantic | 196,000 | 4.5 | 49,700 | 32.4 | 1.1 | 1.4 | 31.6 |
| Toronto | 472,800 | 10.9 | 105,900 | 50.2 | 2.4 | 5.0 | 48.2 |
| Montreal | 267,200 | 11.0 | 63,200 | 43.2 | 1.8 | 4.3 | 36.8 |
| Vancouver | 688,600 | 18.0 | 140,500 | 74.0 | 1.7 | 11.7 | 57.2 |
| Ottawa | 354,100 | 11.7 | 86,800 | 41.2 | 3.6 | 4.0 | 36.6 |
| Calgary | 420,000 | 4.6 | 89,200 | 39.2 | 0.9 | 1.6 | 39.9 |
| Edmonton | 335,700 | 9.6 | 77,000 | 34.7 | 2.5 | 2.4 | 33.9 |
Source: RBC Quarterly Housing Affordability Study
CAAMP Stats September 2010
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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
Bank Prime Lending Rate
| June 2, 2010 | 2.50 % |
| July 21, 2010 | 2.75 % |
| September 9, 2010 | Next meeting date |
Source: Bank of Canada
Conventional Mortgage – 5 Year Rate*
| June 16, 2010 | 5.99 % |
| July 5, 2010 | 5.89 % |
| July 14, 2010 | 5.79 % |
Source: Bank of Canada
*Determinant for high ratio mortgage variable qualifying rate
US Federal Reserve Board Discount Rate
| April 28, 2010 | 0.00 % – 0.25 % |
| June 23, 2010 | 0.00 % – 0.25 % |
| August 10, 2010 | Next Meeting date |
Source: US Federal Reserve
Exchange Rate $CDN($US)
| June 28, 2010 | 0.9654 |
| July 13, 2010 | 0.9731 |
| July 27, 2010 | 0.9651 |
Source: Bank of Canada
Government of Canada Bonds
| Bond Type | June 23, 2010 | July 14, 2010 | July 28, 2010 |
| 1 year Treasury Bill | 1.17% | 1.18% | 1.17% |
| 3 year Benchmark Bond Yield |
1.99% | 1.93% | 1.82% |
| 5 year Benchmark Bond Yield |
2.53% | 2.54% | 2.44% |
| 10 year Benchmark Bond Yield |
3.23% | 3.26% | 3.22% |
Source: Bank of Canada
Total New Housing Starts (Seasonally adjusted and annualized)
| Province | April 2010 |
April 2009 |
May 2010 |
May 2009 |
June 2010 |
June 2009 |
| Newfoundland/Labrador | 5,400 | 2,800 | 4,500 | 2,700 | 4,600 | 2,900 |
| PEI | 1,100 | 500 | 1,500 | 800 | 1,100 | 1,000 |
| Nova Scotia | 4,000 | 2,500 | 6,100 | 3,000 | 3,200 | 2,700 |
| New Brunswick | 6,200 | 4,200 | 4,500 | 4,000 | 4,700 | 3,300 |
| Quebec | 52,900 | 41,100 | 50,700 | 42,200 | 54,200 | 37,900 |
| Ontario | 65,400 | 36,300 | 66,700 | 43,800 | 56,200 | 45,800 |
| Manitoba | 7,400 | 3,100 | 5,000 | 3,300 | 8,200 | 5,000 |
| Saskatchewan | 5,700 | 2,900 | 4,400 | 4,900 | 6,300 | 5,100 |
| Alberta | 29,700 | 12,400 | 29,700 | 12,400 | 27,200 | 20,000 |
| British Columbia | 28,500 | 11,700 | 25,800 | 11,200 | 27,100 | 14,100 |
| CANADA | 206,300 | 117,600 | 198,900 | 128,400 | 192,800 | 137,800 |
Source: CMHC Housing Now – July 2010 and July 2009. This seasonally adjusted data goes through stages of revision at different times of the the year.
Average MLS® Resale Price for Local Markets
| City | June 2009 | June 2010 |
| Halifax | $240,093 | $262,992 |
| Saint John | $172,731 | $175,123 |
| Quebec | $218,104 | $237,530 |
| Montreal | $276,291 | $307,403 |
| Ottawa | $307,793 | $328,238 |
| Toronto | $403,918 | $435,064 |
| Hamilton/Burlington | $297,117 | $314,189 |
| Winnipeg | $212,592 | $233,567 |
| Saskatoon | $276,867 | $295,963 |
| Calgary | $392,601 | $415,431 |
| Edmonton | $328,285 | $335,271 |
| Vancouver | $575,949 | $657,934 |
| Victoria | $476,686 | $511,498 |
Source: Canadian Real Estate Association
Quarterly Housing Price Index
Detached Bungalows
| Market | Q2 2010 Average | Last Quarter Average | Q2 2009 Average | Bungalow % Change |
| Halifax | 250,333 | 246,833 | 235,333 | 6.4% |
| Charlottetown | 162,000 | 162,000 | 160,000 | 1.3% |
| Moncton | 150,760 | 158,200 | 158,000 | -4.6% |
| Fredericton | 182,000 | 182,000 | 172,000 | 5.8% |
| Saint John | 195,000 | 228,000 | 201,476 | -3.2% |
| St. John’s | 238,333 | 228,025 | 200,000 | 19.2% |
| Montreal | 255,906 | 248,613 | 235,523 | 8.7% |
| Ottawa | 352,917 | 326,667 | 325,417 | 8.5% |
| Toronto | 481,933 | 477,867 | 432,433 | 11.4% |
| Winnipeg | 261,625 | 259,313 | 237,750 | 10.0% |
| Regina | 282,000 | 278,125 | 272,900 | 3.3% |
| Saskatoon | 331,250 | 328,250 | 312,250 | 6.1% |
| Calgary | 419,978 | 419,433 | 401,600 | 4.6% |
| Edmonton | 320,857 | 302,857 | 302,143 | 6.2% |
| Vancouver | 905,000 | 906,045 | 760,000 | 19.1% |
| Victoria | 520,000 | 511,400 | 466,000 | 11.6% |
| National | 331,868 | 328,977 | 304,552 | 9.0% |
Standard Two-Storey
| Market | Q2 2010 Average | Last Quarter Average | Q2 2009 Average | 2 Storey % Change |
| Halifax | 287,167 | 278,267 | 277,333 | 3.5% |
| Charlottetown | 196,000 | 196,000 | 190,000 | 3.2% |
| Moncton | 139,300 | 137,250 | 134,200 | 3.8% |
| Fredericton | 205,000 | 205,000 | 210,000 | -2.4% |
| Saint John | 270,000 | 299,000 | 268,000 | 0.7% |
| St. John’s | 330,000 | 313,775 | 276,000 | 19.6% |
| Montreal | 357,833 | 350,667 | 332,917 | 7.5% |
| Ottawa | 353,083 | 346,833 | 325,417 | 8.5% |
| Toronto | 589,857 | 577,810 | 533,748 | 10.5% |
| Winnipeg | 293,875 | 277,357 | 265,050 | 10.9% |
| Regina | 259,500 | 267,000 | 245,000 | 5.9% |
| Saskatoon | 355,500 | 366,250 | 337,250 | 5.4% |
| Calgary | 422,078 | 432,178 | 400,167 | 5.5% |
| Edmonton | 347,914 | 343,571 | 328,571 | 5.9% |
| Vancouver | 995,250 | 987,500 | 846,000 | 17.6% |
| Victoria | 483,000 | 475,000 | 446,000 | 8.3% |
| National | 367,835 | 365,842 | 338,478 | 8.7% |
Source: RBC Quarterly Housing Affordability Study
Consumer prices rise in June
Statistics Canada has just released its Consumer Price Index for June that shows that prices rose 1.0% in the 12 months to June, following a 1.4% increase in May.
Energy prices rose 1.3% between June 2009 and June 2010, after increasing 6.2% over the 12 months ending in May. Excluding energy, the Consumer Price Index (CPI) advanced 0.9% in June, following a 1.0% increase in May.
The price of gasoline decreased 2.9% in June compared with the same month a year earlier, after rising 6.9% in May. This was the first year-over-year drop in prices at the pump since October 2009.
Natural gas prices increased 3.0% in June, after rising 4.7% in May. This was the third consecutive advance following several months of decline.
Electricity prices rose 5.8% in June following a 4.0% advance in May.
Prices for the purchase of passenger vehicles rose 2.8% in June, following a 5.1% increase in May.
On a seasonally adjusted monthly basis, consumer prices fell 0.2% in June, the same rate of decrease as in May. Both the transportation and the clothing and footwear indexes fell 0.7% while food prices decreased 0.1%.
Prices increased in seven of the eight major components of the CPI in the 12 months to June; the only exception was clothing and footwear.
Shelter costs rose 1.6% in the 12 months to June, after increasing 1.3% in May. Homeowner’s replacement costs rose 5.2% following a 4.4% increase in May. In addition to paying higher prices for natural gas and electricity, consumers also paid more for rent.
On the other hand, the mortgage interest cost index, which measures the change in the interest portion of payments on outstanding mortgage debt, declined 5.0% in June, following a 5.4% decrease in May.
Despite the year-over-year decline in gasoline prices, transportation costs rose 1.0% in the 12 months to June after increasing 4.1% in May. In addition to paying higher prices for the purchase of passenger vehicles, consumers also paid 5.3% more for passenger vehicle insurance premiums.
Consumers paid 1.2% more for household operations, furnishings and equipment. This increase followed a 0.9% rise in the 12 months to May. Higher prices were recorded for telephone services and child care. Costs for financial services fell 2.8%.
Food prices went up 0.7% in June following a 0.8% increase in May. The increase in June was the smallest since March 2008. Prices for food purchased from restaurants rose 1.8% while prices for food purchased from stores increased 0.1%. Prices increased for sugar and confectionery, tomatoes and lettuce, while prices for oranges and potatoes fell.
Prices in the health and personal care component were up 1.7%. Prices for oral-hygiene products and dental care increased.
In the recreation, education and reading component, prices rose 0.4% after falling 0.2% in the 12 months to May. Consumers paid more for cablevision and satellite services. However, prices for video equipment and computer equipment and supplies fell.
Prices for clothing and footwear declined 1.8%. In this component, lower prices were recorded for women’s and children’s clothing.
Apart from Manitoba, consumer prices rose in all provinces in the 12 months to June, but at a slower pace than in May. Prices at the pump fell in most provinces.
The fastest rate of change occurred in Ontario where consumer prices rose 1.6%. Prices for the purchase of passenger vehicles were up as were passenger vehicle insurance premiums. Ontario consumers also paid more for electricity and telephone services.
In Manitoba, consumer prices decreased 0.2% in the 12 months to June, following a 0.5% increase in May. Lower prices for gasoline, natural gas and home and mortgage insurance were recorded in this province.
In British Columbia, prices advanced 0.5% in June, following a 0.6% increase in May. Electricity prices rose 21.7% while prices for home and mortgage insurance declined.
The Bank of Canada’s core index advanced 1.7% in the 12 months to June, following a 1.8% rise in May. Price increases were recorded for the purchase of passenger vehicles, passenger vehicle insurance premiums, homeowner’s replacement costs, electricity and telephone services.
The seasonally adjusted monthly core index increased 0.1% in June, after increasing by the same amount in May.
For more information, or to enquire about the concepts, methods or data quality of this release, contact the Dissemination Unit (toll-free 1-866-230-2248; 613-951-9606; fax: 613-951-2848; cpd-...@statcan.gc.ca), Consumer Prices Division