Key Industry StatisticsBank of Canada Interest Rate
|
June 1, 2010
|
0.50 %
|
|
July 20, 2010
|
0.75 %
|
|
September 8, 2010
|
Next meeting date
|
Source: Bank of Canada
Bank Prime Lending Rate
|
June 2, 2010
|
2.50 %
|
|
July 21, 2010
|
2.75 %
|
|
September 9, 2010
|
Next meeting date
|
Source: Bank of Canada
Conventional Mortgage - 5 Year Rate*
|
August 16, 2010
|
5.59 %
|
|
August 23, 2010
|
5.49 %
|
|
August 30, 2010
|
5.39 %
|
Source: Bank of Canada
*Determinant for high ratio mortgage variable qualifying rate
US Federal Reserve Board Discount Rate
|
June 23, 2010
|
0.00 % - 0.25 %
|
|
August 10, 2010
|
0.00 % - 0.25 %
|
|
September 21, 2010
|
Next Meeting date
|
Source: US Federal Reserve
Exchange Rate $CDN($US)
|
July 27 , 2010
|
0.9651
|
|
August 18, 2010
|
0.9721
|
|
September 1, 2010
|
0.9506
|
Source: Bank of Canada
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Government of Canada Bonds
|
Bond Type
|
July 28, 2010
|
August 11, 2010
|
August 25, 2010
|
|
1 year Treasury Bill
|
1.17%
|
1.07%
|
0.98%
|
|
3 year Benchmark
Bond Yield
|
1.82%
|
1.70%
|
1.53%
|
|
5 year Benchmark
Bond Yield
|
2.44%
|
2.13%
|
2.08%
|
|
10 year Benchmark
Bond Yield
|
3.22%
|
2.97%
|
2.83%
|
Source: Bank of Canada
Total New Housing Starts (Seasonable adjusted and annualized)
|
Province
|
May
2010
|
May
2009
|
June
2010
|
June
2009
|
July
2010
|
July
2009
|
|
Newfoundland/Labrador
|
4,500
|
2,700
|
4,500
|
2,900
|
3,300
|
2,900
|
|
PEI
|
1,500
|
800
|
1,000
|
1,000
|
800
|
600
|
|
Nova Scotia
|
6,000
|
3,000
|
3,200
|
2,700
|
5,800
|
3,300
|
|
New Brunswick
|
4,400
|
4,000
|
4,700
|
3,300
|
6,100
|
3,800
|
|
Quebec
|
50,100
|
42,200
|
54,500
|
37,900
|
52,900
|
46,200
|
|
Ontario
|
66,300
|
43,800
|
56,100
|
45,800
|
53,200
|
39,100
|
|
Manitoba
|
5,000
|
3,300
|
8,100
|
5,000
|
9,700
|
4,000
|
|
Saskatchewan
|
4,400
|
4,900
|
6,200
|
5,100
|
5,300
|
3,600
|
|
Alberta
|
29,700
|
12,400
|
27,000
|
20,000
|
29,200
|
17,600
|
|
British Columbia
|
26,000
|
11,200
|
27,000
|
14,100
|
22,800
|
13,100
|
|
CANADA
|
197,900
|
128,400
|
192,300
|
137,800
|
189,100
|
134,200
|
Source: CMHC Housing Now - August 2010 and August 2009. This seasonally adjusted data goes through stages of revision at different times of the the year.
Average MLS® Resale Price for Local Markets
|
City
|
July 2009
|
July 2010
|
|
Halifax
|
$243,524
|
$245,944
|
|
Saint John
|
$156,010
|
$176,061
|
|
Quebec
|
$217,193
|
$237,820
|
|
Montreal
|
$282,832
|
$302,856
|
|
Ottawa
|
$300,635
|
$322,342
|
|
Toronto
|
$345,414
|
$420,455
|
|
Hamilton/Burlington
|
$296,591
|
$309,293
|
|
Winnipeg
|
$206,135
|
$225,191
|
|
Saskatoon
|
$283,619
|
$289,715
|
|
Calgary
|
$381,740
|
$402,809
|
|
Edmonton
|
$324,744
|
$329,731
|
|
Vancouver
|
$584,105
|
$657,815
|
|
Victoria
|
$475,490
|
$496,943
|
Source: Canadian Real Estate Association
Canada and US House Prices
Source: CD Howe Institute August 2010 |
|
|
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