Canadian Mortgages, Insurance, Investment, Tax Planning

CRA Media Room

Revenu Québec - Tax News

XE Forex News

Canadian Mortgage Broker news

Tuesday, April 6, 2010

April Stat

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

Top of Page

Bank Prime Lending Rate

January 20, 2010 2.25%
March 3, 2010 2.25%
April 21, 2010 Next meeting date

Source: Bank of Canada

Top of Page

Conventional Mortgage - 5 Year Rate*

March 10, 2010 5.39%
March 31, 2010 5.85%

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

Top of Page

US Federal Reserve Board Discount Rate

January 27, 2010 0.00% – 0.25%
March 16, 2010 0.00% – 0.25%
April 28, 2010 Next meeting date

Source: US Federal Reserve

Top of Page

Exchange Rate $CDN($US)

February 26, 2010 0.9501
March 15, 2010 0.9820
March 29, 2010 0.9797

Source: Bank of Canada

Top of Page

Government of Canada Bonds

Bond Type February 24,
2010
March 10,
2010
March 24,
2010
1 year Treasury Bill 0.62% 0.70% 0.87%
3 year Benchmark
Bond Yield
1.65% 1.85% 1.99%
5 year Benchmark
Bond Yield
2.54% 2.81% 2.86%
10 year Benchmark
Bond Yield
3.45% 3.53% 3.54%

Source: Bank of Canada

Top of Page

Total New Housing Starts (Seasonable adjusted and annualized)
Province

December
2009

December
2008

January
2010

January
2009

February
2010

February
2009

Newfoundland/Labrador

3,900

4,000

3,600

3,600

3,600

3,200

PEI

1,000

900

600

600

400

500

Nova Scotia

3,000

3,000

2,800

2,800

5,400

4,700

New Brunswick

3,200

3,000

5,200

3,800

2,400

3,200

Quebec

52,600

44,000

55,100

45,300

47,800

36,900

Ontario

54,700

66,100

55,500

54,700

70,100

47,100

Manitoba

3,400

6,400

5,100

3,600

4,900

3,700

Saskatchewan

4,100

4,700

6,400

3,800

4,600

2,300

Alberta

27,300

20,000

23,500

17,200

27,300

12,600

British Columbia

22,800

23,100

27,600

18,100

30,100

14,200

Canada

175,000

172,200

185,400

153,500

196,600

128,400

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

Top of Page

Average MLS resale price for local markets

City February 2009 February 2010
Halifax $229,660 $251,072
Saint John $176,629 $168,735
Quebec $200,257 $228,291
Montreal $257,775 $287,241
Ottawa $273,991 $318,894
Toronto $361,361 $431,509
Hamilton/Burlington $265,452 $314,656
Winnipeg $194,588 $215,230
Saskatoon $281,681 $291,056
Calgary $370,198 $389,388
Edmonton $308,970 $316,927
Vancouver $542,641 $662,741
Victoria $442,592 $481,246

Source: Canadian Real Estate Association

Top of Page




Source: RBC Economics Housing Trends and Affordabiltiy March 2010