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Friday, February 4, 2011

CAAMP Stats

Bank of Canada Interest Rate


December 7, 2010 1.00 %
January 18, 20111.00 %
March 1, 2011Next meeting date
Source: Bank of Canada

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Bank Prime Lending Rate

December 8, 20103.00 %
January 19, 2011 3.00 %
March 2, 2011Next meeting date
Source: Bank of Canada

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Conventional Mortgage - 5 Year Rate*


December 1, 20105.19 %
December 29, 20105.19 %
January 19, 2011 5.19 %
Source: Bank of Canada
*Determinant for high ratio mortgage variable qualifying rate


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US Federal Reserve Board Discount Rate

December 14, 20100.00 % - 0.25 %
January 26, 2011 0.00 % - 0.25 %
March 15, 2011Next Meeting date
Source: US Federal Reserve

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Exchange Rate $CDN($US)

December 31, 20101.0054 $CDN ($US)
January 19, 20110.9955 $CDN ($US)
January 31, 20110.9985 $CDN ($US)
Source: Bank of Canada

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Government of Canada Bonds

Bond TypeDecember 22, 2010 January 12, 2011 January 26, 2011
1 year Treasury Bill 1.36% 1.40%1.33%
3 year Benchmark
Bond Yield
1.87%1.96%1.91%
5 year Benchmark
Bond Yield
2.42%2.53% 2.56%
10 year Benchmark
Bond Yield
3.17% 3.26%3.31%
Source: Bank of Canada

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Total New Housing Starts (Seasonally adjusted and annualized)
Province
October 2010
October 2009
November 2010
November 2009
December 2010
December 2009
Newfoundland/Labrador
3,400
2,900
3,100
3,200
3,200
4,200
PEI
300
1,200
1,000
1,000
1,000
1,300
Nova Scotia
5,600
4,000
3,600
2,800
2,800
2,900
New Brunswick
5,600
3,600
3,600
3,900
3,000
3,600
Quebec
49,500
37,200
44,100
40,400
47,500
51,600
Ontario
46,800
57,600
83,300
53,000
46,000
56,300
Manitoba
4,000
4,200
5,500
4,200
6,500
3,400
Saskatchewan
5,200
3,600
9,400
6,100
7,600
4,500
Alberta
25,700
25,000
21,500
24,800
20,600
27,800
British Columbia
26,000
18,200
20,800
19,200
30,000
22,200
CANADA
172,100
157,400
195,900
158,500
168,300
177,800
Source: CMHC Housing Now - January 2011 and January 2010. 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

CityDecember 2009 December 2010
Halifax $246,380$273,182
Saint John$178,037 $165,770
Quebec $216,752$249,964
Montreal$287,788 $304,684
Ottawa $311,604$325,031
Toronto$411,931 $433,887
Hamilton/Burlington $285,795$324,590
Winnipeg$209,963 $239,183
Saskatoon $291,554$300,693
Regina$241,644$251,690
Calgary$394,300 $381,308
Edmonton $319,201$310,885
Vancouver $627,582$700,773
Victoria$522,211$496,814
Source: Canadian Real Estate Association

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Quarterly Housing Affordability Index
Standard Two-Storey

Market
Q4 2010
Average
Last
Quarter Avg
Q4 2009
Average
2 Storey
% Change
Halifax
291,000
287,000
265,333
9.7%
Charlottetown
198,000
196,000
195,000
1.5%
Moncton
134,900
137,900
131,000
3.0%
Fredericton
205,000
205,000
210,000
-2.%
Saint John
245,000
299,000
268,000
-8.6%
St. John's
327,627
313,775
298,833
9.6%
Montreal
375,222
363,139
345,178
8.7%
Ottawa
354,083
345,167
331,917
6.7%
Toronto
594,231
578,119
562,929
5.6%
Winnipeg
296,750
287,188
279,000
6.4%
Regina
282,500
274,000
590,000
9.1%
Saskatoon
359,250
350,000
338,750
6.1%
Calgary
404,622
410,489
427,067
-5.3%
Edmonton
334,286
338,571
341,986
-2.3%
Vancouver
1,007,500
977,250
917,500
9.8%
Victoria
480,000
470,000
449,000
6.9%
National
360,329
368,843
345,143
4.4%
Detached Bungalow
Market
Q4 2010
Average
Last
Quarter Avg
Q4 2009
Average
Bungalow
% Change
Halifax
255,967
254,667
238,000
7.5%
Charlottetown
165,0

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