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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
June Issue of CAAMP Stats
 |
|
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 % |
| July 21, 2010 | Next meeting date |
Source: Bank of Canada
Conventional Mortgage – 5 Year Rate*
| April 28, 2010 | 6.25 % |
| May 12, 2010 | 6.10 % |
| May 26, 2010 | 5.99 % |
Source: Bank of Canada
*Determinant for high ratio mortgage variable qualifying rate
US Federal Reserve Board Discount Rate
| March 16, 2010 | 0.00 % – 0.25 % |
| April 28, 2010 | 0.00 % – 0.25 % |
| June 23, 2010 | Next Meeting date |
Exchange Rate $CDN($US)
| April 29, 2010 | 0.9946 |
| May 14, 2010 | 0.9693 |
| May 31, 2010 | 0.9583 |
Source: Bank of Canada
Government of Canada Bonds
| Bond Type | April 28, 2010 | May 12, 2010 | May 26, 2010 |
| 1 year Treasury Bill | 1.29% | 1.26% | 1.02% |
| 3 year Benchmark
Bond Yield |
2.49% | 2.38% | 2.00% |
| 5 year Benchmark
Bond Yield |
3.09% | 2.96% | 2.55% |
| 10 year Benchmark
Bond Yield |
3.66% | 3.59% | 3.25% |
Source: Bank of Canada
Total New Housing Starts (Seasonally adjusted and annualized)
| Province | February
2010 |
February
2009 |
March
2010 |
March
2009 |
April
2010 |
April
2009 |
| Newfoundland/Labrador | 5,300 | 3,200 | 6,000 | 3,300 | 3,100 | 2,800 |
| PEI | 300 | 500 | 300 | 400 | 400 | 500 |
| Nova Scotia | 6,300 | 4,700 | 3,900 | 3,800 | 3,600 | 2,500 |
| New Brunswick | 2,400 | 3,200 | 3,700 | 3,400 | 3,600 | 4,200 |
| Quebec | 47,300 | 36,900 | 55,300 | 43,600 | 53,700 | 41,100 |
| Ontario | 73,300 | 47,100 | 63,200 | 62,600 | 64,700 | 36,300 |
| Manitoba | 5,400 | 3,700 | 3,800 | 3,500 | 3,400 | 3,100 |
| Saskatchewan | 5,000 | 2,300 | 4,000 | 2,100 | 4,200 | 2,900 |
| Alberta | 28,300 | 12,600 | 34,100 | 11,900 | 35,700 | 12,400 |
| British Columbia | 30,200 | 14,200 | 24,900 | 11,900 | 28,300 | 11,700 |
| CANADA | 203,800 | 128,400 | 199,200 | 146,500 | 200,700 | 117,600 |
Source: CMHC Housing Now – May 2010 and May 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 | April 2009 | April 2010 |
| Halifax | $245,412 | $247,168 |
| Saint John | $166,172 | $166,836 |
| Quebec | $206,739 | $232,188 |
| Montreal | $267,236 | $293,393 |
| Ottawa | $298,593 | $333,854 |
| Toronto | $385,641 | $437,566 |
| Hamilton/Burlington | $286,191 | $317,909 |
| Winnipeg | $212,541 | $236,574 |
| Saskatoon | $276,455 | $299,214 |
| Calgary | $371,995 | $395,847 |
| Edmonton | $312,127 | $339,172 |
| Vancouver | $565,003 | $673,579 |
| Victoria | $455,143 | $518,536 |
Source: Canadian Real Estate Association
Housing Affordability Index
CAAMP Stats for May 2010
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