CAAMP Stats August 2012

August 2012 Bank of Canada Interest Rate June 5, 2012 1.00 % July 17, 2012 1.00 % September 5, 2012 Next meeting date Source: Bank of Canada Top of Page Bank Prime Lending Rate June 6, 2012 3.00 % July 18, 2012 3.00 % September 6, 2012 Next meeting date Source: Bank of CanadaTop of Page Conventional Mortgage - 5 Year Rate*  May 30, 2012 5.34 % June 6, 2012 5.24 % July 25, 2012 5.24 % Source: Bank of Canada *Determinant for high ratio mortgage variable qualifying rateTop of Page US Federal Reserve Board Discount Rate* June 20, 2012 0.00 % - 0.25 % July 31, 2012 0.00 % - 0.25 % September 12, 2012 Next meeting date Source: US Federal Reserve *US Federal Reserve has indicated it will keep this rate until Q4 2014Top of Page Exchange Rate $CDN($US) July 3, 2012 0.9877 July 18, 2012 0.9894 July 31, 2012 0.9971 Source: Bank of CanadaTop of Page Government of Canada Bonds Bond Type June 27, 2012 July 11, 2012 July 25, 2012 1 year Treasury Bill 0.96% 0.99% 0.97% 3 year Benchmark Bond Yield 1.04% 1.04% 1.00% 5 year Benchmark Bond Yield 1.21% 1.20% 1.16% 10 year Benchmark Bond Yield 1.72% 1.67% 1.60% Source: Bank of CanadaTop of Page Total New Housing Starts (Seasonally adjusted and annualized) Province April 2012 April 2011 May 2012 May 2011 June 2012 June 2011 Newfoundland/Labrador 4,600 2,300 4,500 3,700 4,700 5,800 PEI 1,200 700 700 900 1,300 800 Nova Scotia 3,200 3,900 4,400 4,400 4,100 4,000 New Brunswick 2,500 2,500 4,700 3,400 5,400 4,500 Quebec 62,600 45,100 42,000 50,500 48,100 48,200 Ontario 98,400 67,600 80,300 53,000 73,300 75,800 Manitoba 5,100 4,800 12,200 6,300 5,000 5,400 Saskatchewan 11,100 5,900 6,900 5,200 10,800 8,700 Alberta 39,400 21,400 33,400 24,300 33,500 24,100 British Columbia 23,900 24,500 28,300 31,900 36,500 23,500 CANADA 252,000 178,700 217,400 183,600 222,700 200,800 Source: CMHC Housing Now - July 2011 and July 2012. 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 June 2011 June 2012 Halifax $ 269,605 $ 272,495 Saint John $ 168,830 $ 163,468 Quebec $ 245,158 $ 263,740 Montreal $ 323,926 $ 336,054 Ottawa $ 354,524 $ 354,690 Toronto $ 476,386 $ 508,622 Hamilton/Burlington $ 339,828 $ 363,162 Winnipeg $ 243,977 $ 257,095 Saskatoon $ 299,572 $ 287,355 Regina $ 285,613 $ 312,241 Calgary $ 412,016 $ 422,139 Edmonton $ 328,695 $ 340,391 Vancouver $ 808,867 $ 701,141 Victoria $ 507,385 $ 486,611 Source: Canadian Real Estate Association Top of Page Quarterly Housing Price Index Standard Two-Storey Market Q2 2012 Average Last Quarter Avg Q2 2011 Average 2 Storey % Change Halifax 317,167 306,667 301,667 5.1% Charlottetown 203,000 200,000 197,000 3.0% Moncton 138,000 134,800 137,500 0.4% Fredericton 215,000 208,000 208,000 3.4% Saint John 279,770 293,250 299,750 -6.7% St. John's 368,025 350,500 336,667 9.3% Montreal 384,804 387,429 379,529 1.4% Ottawa 392,000 387,833 371,500 5.5% Toronto 668,829 645,467 623,202 7.3% Winnipeg 321,875 309,250 307,375 4.7% Regina 347,500 299,000 325,000 6.9% Saskatoon 379,500 372,250 353,750 7.3% Calgary 425,456 418,233 415,200 2.5% Edmonton 353,764 354,714 349,286 1.3% Vancouver 1,178,750 1,182,250 1,114,500 5.8% Victoria 461,000 459,000 477,000 -3.4% National 408,423 398,282 390,163 4.7% Detached Bungalows Market Q2 2012 Average Last Quarter Avg Q2 2011 Average Bungalow % Change Halifax 285,833 273,333 266,333 7.3% Charlottetown 172,000 170,000 165,000 4.2% Moncton 144,000 145,700 157,500 -8.6% Fredericton 205,000 205,000 201,000 2.0% Saint John 175,037 191,000 179,950 -2.7% St. John's 275,625 262,500 245,333 12.3% Montreal 281,161 286,000 279,714 0.5% Ottawa 388,917 385,667 370,750 4.9% Toronto 560,187 544,450 517,100 8.3% Winnipeg 304,250 283,375 281,125 8.2% Regina 320,500 316,500 313,000 2.4% Saskatoon 351,125 338,750 331,250 6.0% Calgary 432,322 422,989 411,711 5.0% Edmonton 327,857 324,143 312,000 5.1% Vancouver 1,087,125 1,068,500 1,025,250 6.0% Victoria 460,000 470,000 475,000 -3.2% National 379,311 356,306 356,625 5.5% Source: Royal LePage, July 2012