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CAAMP Stats

October 18, 2010 - Updated: October 18, 2010

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

 

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

 


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