January issue of CAAMP Stats

January 2012 Happy New Year. Welcome to the January issue of CAAMP Stats. For more information on CAAMP please 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 Exchange Rate $CDN($US) Bank of Canada Interest Rate October 25, 2011 1.00 % December 6, 2011 1.00 % January 17, 2012 Next meeting date Source: Bank of Canada Top of Page Bank Prime Lending Rate October 26, 2011 3.00 % December 7, 2011 3.00 % January 18, 2012 Next meeting date Source: Bank of Canada Top of Page Conventional Mortgage - 5 Year Rate* October 12, 2011 5.29 % November 16, 2011 5.29 % December 21, 2011 5.29 % Source: Bank of Canada *Determinant for high ratio mortgage variable qualifying rateTop of Page US Federal Reserve Board Discount Rate November 2, 2011 0.00 % - 0.25 % December 13, 2011 0.00 % - 0.25 % January 25, 2012 Next meeting date Source: US Federal Reserve *US Federal Reserve has indicated it will keep this rate until Q2 2013Top of Page Exchange Rate $CDN($US) December 1, 2011 0.9859 December 14, 2011 0.9619 December 30, 2011 0.9833 Source: Bank of CanadaTop of Page Government of Canada Bonds Bond Type November 16, 2011 November 30, 2011 December 14, 2011 1 year Treasury Bill 0.87% 0.92% 0.86% 3 year Benchmark Bond Yield 1.02% 1.10% 0.93% 5 year Benchmark Bond Yield 1.36% 1.46% 1.25% 10 year Benchmark Bond Yield 2.09% 2.15% 1.95% Source: Bank of CanadaTop of Page Total New Housing Starts (Seasonally adjusted and annualized) Province September 2011 September2010 October 2011 October 2010 November 2011 November 2010 Newfoundland/Labrador 3,400 3,200 3,300 3,400 3,700 3,100 PEI 1,300 600 900 400 1,300 1,000 Nova Scotia 6,000 4,200 3,300 4,700 2,600 3,100 New Brunswick 4,900 2,600 3,900 4,900 3,400 3,400 Quebec 59,700 52,300 44,200 48,600 43,500 42,000 Ontario 65,600 57,900 74,800 44,700 52,800 80,300 Manitoba 4,500 4,400 7,600 3,800 7,100 4,700 Saskatchewan 9,100 5,500 8,400 4,700 7,400 7,200 Alberta 24,300 27,800 32,000 25,200 28,700 21,100 British Columbia 29,700 29,900 30,400 27,500 28,700 22,200 CANADA 208,500 188,400 208,800 167,900 181,200 188,100 Source: CMHC Housing Now - December 2011 and December 2010. 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 November 2010 November 2011 Halifax $ 252,554 $ 262,714 Saint John $ 170,610 $ 159,101 Quebec $ 244,587 $ 250,888 Montreal $ 305,042 $ 322,808 Ottawa $ 325,150 $ 347,675 Toronto $ 437,999 $ 480,421 Hamilton/Burlington $ 310,492 $ 342,005 Winnipeg $ 226,886 $ 236,127 Saskatoon $ 312,893 $ 314,541 Regina $ 265,590 $ 273,243 Calgary $ 398,619 $ 398,722 Edmonton $ 318,538 $ 319,559 Vancouver $ 699,009 $ 728,118 Victoria $ 511,648 $ 499,676 Source: Canadian Real Estate Association Top of Page Annual Provincial House Prices and Increases