Key Industry Statistics
Bank of Canada Interest Rate
|
March 8, 2012
|
1.00 %
|
|
April 17, 2012
|
1.00 %
|
|
June 5, 2012
|
Next meeting date
|
Source: Bank of Canada
Bank Prime Lending Rate
|
March 9, 2012
|
3.00 %
|
|
April 18, 2012
|
3.00 %
|
|
June 6, 2012
|
Next meeting date
|
Source: Bank of Canada
Conventional Mortgage - 5 Year Rate*
|
March 14, 2012
|
5.24 %
|
|
April 4, 2012
|
5.44 %
|
|
April 25, 2012
|
5.44 %
|
Source: Bank of Canada
*Determinant for high ratio mortgage variable qualifying rate
US Federal Reserve Board Discount Rate*
|
March 13, 2012
|
0.00 % - 0.25 %
|
|
April 25, 2012
|
0.00 % - 0.25 %
|
|
June 20, 2012
|
Next meeting date
|
Source: US Federal Reserve
*US Federal Reserve has indicated it will keep this rate until Q4 2014
Exchange Rate $CDN($US)
|
March 29, 2012
|
1.003
|
|
April 11, 2012
|
.9958
|
|
May 1, 2012
|
1.014
|
Source: Bank of Canada
Government of Canada Bonds
|
Bond Type
|
March 28, 2012
|
April 11, 2012
|
April 25, 2012
|
|
1 year Treasury Bill
|
1.08%
|
1.10%
|
1.32%
|
|
3 year Benchmark
Bond Yield
|
1.32%
|
1.34%
|
1.53%
|
|
5 year Benchmark
Bond Yield
|
1.57%
|
1.61%
|
1.69%
|
|
10 year Benchmark
Bond Yield
|
2.12%
|
2.01%
|
2.10%
|
Source: Bank of Canada
Total New Housing Starts (Seasonally adjusted and
annualized)
|
Province
|
January
2012
|
January
2011
|
February
2012
|
February
2011
|
March
2012
|
March
2011
|
|
Newfoundland/Labrador
|
5,300
|
3,800
|
2,500
|
3,100
|
2,900
|
4,200
|
|
PEI
|
600
|
800
|
500
|
500
|
400
|
600
|
|
Nova Scotia
|
3,200
|
4,600
|
4,500
|
4,100
|
4,300
|
3,300
|
|
New Brunswick
|
3,300
|
3,500
|
1,700
|
1,000
|
1,800
|
1,300
|
|
Quebec
|
35,100
|
48,800
|
47,200
|
42,800
|
43,700
|
50,300
|
|
Ontario
|
80,300
|
51,400
|
67,400
|
66,200
|
87,500
|
75,500
|
|
Manitoba
|
9,300
|
3,900
|
6,200
|
5,400
|
7,700
|
4,100
|
|
Saskatchewan
|
9,800
|
6,100
|
11,500
|
9,300
|
8,700
|
5,300
|
|
Alberta
|
25,900
|
19,300
|
32,100
|
22,400
|
35,500
|
20,800
|
|
British Columbia
|
28,500
|
28,200
|
31,200
|
25,600
|
22,700
|
19,700
|
|
CANADA
|
201,300
|
170,400
|
204,800
|
180,400
|
215,200
|
185,100
|
Source: CMHC Housing Now - April 2011 and April 2012. This seasonally adjusted data goes through stages of revision at different times of the year.
Average MLS® Resale Price for Local Markets
|
City
|
March 2011
|
March 2012
|
|
Halifax
|
$ 261,561
|
$ 272,599
|
|
Saint John
|
$ 174,580
|
$ 168,371
|
|
Quebec
|
$ 239,414
|
$ 259,460
|
|
Montreal
|
$ 307,094
|
$ 318,400
|
|
Ottawa
|
$ 347,642
|
$ 353,714
|
|
Toronto
|
$ 456,147
|
$ 504,117
|
|
Hamilton/Burlington
|
$ 326,453
|
$ 353,165
|
|
Winnipeg
|
$ 241,955
|
$ 247,459
|
|
Saskatoon
|
$ 294,025
|
$ 315,935
|
|
Regina
|
$ 275,431
|
$ 287,772
|
|
Calgary
|
$ 398,836
|
$ 409,750
|
|
Edmonton
|
$ 326,557
|
$ 335,579
|
|
Vancouver
|
$ 786,311
|
$ 761,742
|
|
Victoria
|
$ 494,207
|
$ 513,374
|
Source: Canadian Real Estate Association
|
|
|
|
