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CAAMP Stats – October issue

CAAMP Logo

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

Source: US Federal Reserve

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

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

Top of Page

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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CAAMP Stats for August 2010

August 9, 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 2.75 %
September 9, 2010 Next meeting date

Source: Bank of Canada

Top

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

Top

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

Top

Exchange Rate $CDN($US)

June 28, 2010 0.9654
July 13, 2010 0.9731
July 27, 2010 0.9651

Source: Bank of Canada

Top

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

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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.

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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

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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

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June Issue of CAAMP Stats

June 2, 2010

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 %
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

Source: US Federal Reserve

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



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