CAAMP Stats

March 2011 Welcome to this issue of CAAMP Stats. To find out about the association's offerings, visit www.caamp.org Jump to a Section 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 Rate Household Financial Vulnerability Exchange Rate Bank of Canada Interest Rate January 18, 2011 1.00 % March 1, 2011 1.00 % April 12, 2011 Next meeting date Source: Bank of Canada Top of Page Bank Prime Lending Rate January 19, 2011 3.00 % March 2, 2011 3.00 % April 13, 2011 Next meeting date Source: Bank of Canada Top of Page Conventional Mortgage - 5 Year Rate* January 19, 2011 5.19 % February 9, 2011 5.44 % February 23, 2011 5.44 % Source: Bank of Canada *Determinant for high ratio mortgage variable qualifying rate Top of Page US Federal Reserve Board Discount Rate December 14, 2010 0.00 % - 0.25 % January 26, 2011 0.00 % - 0.25 % March 15, 2011 Next Meeting date Source: US Federal Reserve Top of Page Exchange Rate $CDN($US) January 31, 2011 0.9985 $CDN ($US) February 11, 2011 1.0134 $CDN ($US) March 1, 2011 1.0257 $CDN ($US) Source: Bank of Canada Top of Page Government of Canada Bonds Bond Type January 26, 2011 February 9, 2011 February 23, 2011 1 year Treasury Bill 1.33% 1.36% 1.36% 3 year Benchmark Bond Yield 1.91% 2.06% 2.15% 5 year Benchmark Bond Yield 2.56% 2.74% 2.61% 10 year Benchmark Bond Yield 3.31% 3.95% 3.32% Source: Bank of Canada Top of Page Total New Housing Starts (Seasonally adjusted and annualized) Province November 2010 November 2009 December 2010 December 2009 January 2011 January 2010 Newfoundland/Labrador 3,100 3,200 3,200 4,200 3,800 3,600 PEI 1,000 1,000 1,100 1,300 800 600 Nova Scotia 3,600 2,800 2,800 2,900 4,600 2,800 New Brunswick 3,600 3,900 3,100 3,600 3,500 5,200 Quebec 44,100 40,400 47,900 51,600 48,800 55,100 Ontario 83,300 53,000 46,400 56,300 51,400 55,500 Manitoba 5,500 4,200 6,500 3,400 3,900 5,100 Saskatchewan 9,400 6,100 7,500 4,500 6,100 6,400 Alberta 21,500 24,800 20,500 27,800 19,300 23,500 British Columbia 20,800 19,200 30,000 22,200 28,200 27,600 CANADA 195,900 158,500 169,000 177,800 170,800 185,400 Source: CMHC Housing Now - February 2011 and February 2010. This seasonally adjusted data goes through stages of revision at different times of the the year. Top of Page Average MLS® Resale Price for Local Markets City January 2010 January 2011 Halifax $241,968 $252,141 Saint John $168,439 $171,788 Quebec $224,088 $240,646 Montreal $284,384 $294,436 Ottawa $323,762 $329,640 Toronto $409,058 $427,159 Hamilton/Burlington $288,397 $325,732 Winnipeg $213,134 $229,716 Saskatoon $270,191 $300,353 Regina $240,276 $260,133 Calgary $382,009 $394,455 Edmonton $314,783 $315,483 Vancouver $637,637 $762,562 Victoria $509,514 $486,384 Source: Canadian Real Estate Association Top of Page Household Financial Vulnerability Source: TD Economics, February 2011 The index is not a predictor, but is aimed at capturing which regions are more vulnerable in the event of an unexpected adverse economic shock, such as a rise in the unemployment rate or a spike in interest rates. Snapshot of Canadian Household Debt Indicators by Region level as of 2010-to-date*      Debt-to- Income Ratio (%) Debt Service Ratio (%) % of households with a debt-service ratio above 40% Debt-to- Asset Ratio (%) Home Price to Income Ratio Personal Savings Rate (%) Est. Can 127.0 18.6 6.5 28.7 5.9 3.9 Atl. 96.7 17.3 6.3 29.8 3.7 0.7 QC 99.5 16.9 5.6 29.3 5.2 4.2 ON 135.2 18.9 6.9 28.6 5.3 2.9 MB 100.1 14.3 1.9 25.5 4.1 3.1 SK 116.8 18.1 8.8 25.7 4.4 4.1 AB 143.2 19.2 8.4 30.2 4.8 15.0 B.C 160.5 22.0 5.9 27.2 8.8 -4.2 Source: Ipsos Reid Canadian Financial Monitor, Statistics Canada, Haver Analytics TD Economics, February 2011 Note: Note micro-data data differs from national aggregates due to methodological differences *Includes first three-quarters of 2010, for households who hold debt