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Wednesday, March 2, 2011

CAAMP Stats

March 2011
Welcome to this issue of CAAMP Stats. To find out about the association's offerings, 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 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


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Bank Prime Lending Rate



January 19, 2011 3.00 %
March 2, 2011 3.00 %
April 13, 2011 Next meeting date
Source: Bank of Canada


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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



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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


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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


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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


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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.


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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


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Household Financial Vulnerability

Stats March
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