CAAMP Stats September 2012

September 2012 Welcome to the September 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 Bank of Canada Interest Rate July 17, 2012 1.00 % September 5, 2012 1.00 % October 23, 2012 Next meeting date Source: Bank of Canada Top of Page Bank Prime Lending Rate July 18, 2012 3.00 % September 6, 2012 3.00 % October 24, 2012 Next meeting date Source: Bank of CanadaTop of Page Conventional Mortgage - 5 Year Rate*  June 6, 2012 5.24 % July 25, 2012 5.24 % August 15, 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 31, 2012 0.9971 August 15, 2012 1.011 August 31, 2012 1.010 Source: Bank of CanadaTop of Page Government of Canada Bonds Bond Type July 25, 2012 August 15, 2012 August 29, 2012 1 year Treasury Bill 0.97% 1.17% 1.14% 3 year Benchmark Bond Yield 1.00% 1.29% 1.23% 5 year Benchmark Bond Yield 1.16% 1.51% 1.38% 10 year Benchmark Bond Yield 1.60% 1.95% 1.80% Source: Bank of CanadaTop of Page Total New Housing Starts (Seasonally adjusted and annualized) Province May 2012 May 2011 June 2012 June 2011 July 2012 July 2011 Newfoundland/Labrador 3,700 3,700 3,800 5,800 4,300 4,100 PEI 700 900 1,300 800 1,200 1,200 Nova Scotia 4,200 4,400 4,100 4,000 2,800 5,700 New Brunswick 4,200 3,400 4,600 4,500 3,700 6,000 Quebec 42,900 50,500 49,100 48,200 50,600 45,600 Ontario 79,300 53,000 72,900 75,800 74,500 75,200 Manitoba 12,400 6,300 5,100 5,400 6,400 7,400 Saskatchewan 7,000 5,200 10,900 8,700 7,500 5,600 Alberta 33,600 24,300 33,900 24,100 31,500 24,300 British Columbia 28,200 31,900 36,400 23,500 26,000 30,000 CANADA 216,200 183,600 222,100 200,800 208,500 205,100 Source: CMHC Housing Now - August 2011 and August 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 July 2011 July 2012 Halifax $ 262,723 $ 268,872 Saint John $ 158,448 $ 177,955 Quebec $ 240,422 $ 266,552 Montreal $ 316,936 $ 331,577 Ottawa $ 342,925 $ 340,352 Toronto $ 459,122 $ 476,947 Hamilton/Burlington $ 349,235 $ 345,807 Winnipeg $ 238,258 $ 249,175 Saskatoon $ 299,097 $ 323,165 Regina $ 272,548 $ 297,708 Calgary $ 397,613 $ 409,670 Edmonton $ 334,444 $ 337,304 Vancouver $ 761,673 $ 667,462 Victoria $ 467,052 $ 475,768 Source: Canadian Real Estate Association Top of Page