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Tuesday, July 13, 2010

CAAMP Stats


July 2010
Welcome to the July issue of CAAMP Stats. To find out more about CAAMP, visit
www.caamp.org


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Bank of Canada Interest Rate Government of Canada Bonds
Bank Prime Lending Rate Total New Housing Starts
Conventional Mortgage - 5 Year Rate Average MLS® Resale Price for Local Markets
US Federal Reserve Board Discount RateMLS® Home Sale Prices
Exchange Rate



Bank of Canada Interest Rate

April 20, 2010 0.25 %
June 1, 20100.50 %
July 20, 2010Next meeting date
Source: Bank of Canada


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Bank Prime Lending Rate

April 21, 2010 2.25 %
June 2, 20102.50 %
July 21, 2010Next meeting date

Source: Bank of Canada


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Conventional Mortgage - 5 Year Rate*

May 12, 20106.10 %
June 16, 2010 5.99 %
July 5, 20105.89 %

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



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US Federal Reserve Board Discount Rate

April 28, 20100.00 % - 0.25 %

June 23, 2010

0.00 % - 0.25 %
August 10, 2010Next Meeting date

Source: US Federal Reserve


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Exchange Rate $CDN($US)

May 31, 20100.9583
June 11, 2010 0.9673
June 30, 20100.9393

Source: Bank of Canada


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Government of Canada Bonds

Bond TypeMay 26, 2010June 9, 2010 June 23, 2010

1 year Treasury Bill

1.02%

1.19%1.17%
3 year Benchmark
Bond Yield
2.00%2.10% 1.99%
5 year Benchmark
Bond Yield
2.55% 2.65%2.53%
10 year Benchmark
Bond Yield
3.25%3.35%3.23%

Source: Bank of Canada


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Total New Housing Starts (Seasonally adjusted and annualized)

Province

March
2010

March
2009
April
2010
April
2009
May
2010
May
2009
Newfoundland/Labrador 6,0003,300 3,1002,800 3,7002,700
PEI300 400400 5001,400 800
Nova Scotia 3,9003,800 3,6002,500 4,9003,000
New Brunswick3,700 3,4003,600 4,2004,900 4,000
Quebec 55,30043,600 53,70041,100 48,70042,200
Ontario63,200 62,60064,700 36,300

64,600

43,800
Manitoba 3,8003,500 3,4003,100 4,4003,300
Saskatchewan4,000 2,1004,200 2,9004,300 4,900
Alberta 34,10011,900 35,70012,400 27,30012,400
British Columbia24,900 11,90028,300 11,70024,900 11,200
CANADA 199,200146,500 200,700117,600 189,100128,400

Source: CMHC Housing Now - June 2010 and June 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 May 2009May 2010
Halifax $248,209$264,539
Saint John$188,500 $173,872
Quebec $212,241$238,594
Montreal$273,390 $300,807
Ottawa $312,927

$334,360

Toronto$395,609 $446,593
Hamilton/Burlington $297,132$315,647
Winnipeg$208,806 $237,697
Saskatoon $279,477$294,516
Calgary$382,632 $417,978
Edmonton $326,332$340,723
Vancouver $583,674$661,745
Victoria$482,119$515,126

Source: Canadian Real Estate Association


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MLS® Home Sale Prices

YearCanada BCABMB/SK ONQC Atlantic
2007$307,094 $439,119$356,235$171,609 $299,544$207,530 $158,589
2008$304,971 $454,599$352,857$205,036 $302,354$215,307 $171,258
2009

$320,333

$465,725$341,201$216,012 $318,366$225,412 $182,640
2010 YTD$342,327 $495,471$353,397$226,918 $349,101$239,890 $196,121

Year VancouverCalgaryToronto Montreal
2007$570,795 $414,066$377,029$229,902
2008$593,767$405,267 $379,943n/a
2009

$592,441

$385,882$396,154 n/a

Source: Scotia Economics, May 2010


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