August 2010
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Bank of Canada Interest Rate Government of Canada Bonds
Bank Prime Lending Rate Total New Housing Starts
Conventional Mortgage - 5 Year Rate Average MLSÆ Resale Price for Local Markets
US Federal Reserve Board Discount Rate Quarterly Housing Price Index
Exchange Rate



Bank of Canada Interest Rate

June 1, 2010 0.50 %
July 20, 2010 0.75 %
September 8, 2010 Next meeting date
Source: Bank of Canada


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Bank Prime Lending Rate

June 2, 2010 2.50 %
July 21, 2010 2.75 %
September 9, 2010 Next meeting date

Source: Bank of Canada


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Conventional Mortgage - 5 Year Rate*
June 16, 2010 5.99 %
July 5, 2010 5.89 %
July 14, 2010 5.79 %

Source: Bank of Canada
*Determinant for high ratio mortgage variable qualifying rate


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US Federal Reserve Board Discount Rate
April 28, 2010 0.00 % - 0.25 %

June 23, 2010

0.00 % - 0.25 %
August 10, 2010 Next Meeting date

Source: US Federal Reserve


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Exchange Rate $CDN($US)
June 28, 2010 0.9654
July 13, 2010 0.9731
July 27, 2010 0.9651

Source: Bank of Canada


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Government of Canada Bonds
Bond Type June 23, 2010 July 14, 2010 July 28, 2010

1 year Treasury Bill

1.17%

1.18% 1.17%
3 year Benchmark
Bond Yield		 1.99% 1.93% 1.82%
5 year Benchmark
Bond Yield		 2.53% 2.54% 2.44%
10 year Benchmark
Bond Yield		 3.23% 3.26% 3.22%

Source: Bank of Canada


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Total New Housing Starts (Seasonally adjusted and annualized)

Province

April
2010

April
2009		 May
2010		 May
2009		 June
2010		 June
2009
Newfoundland/Labrador 5,400 2,800 4,500 2,700 4,600 2,900
PEI 1,100 500 1,500 800 1,100 1,000
Nova Scotia 4,000 2,500 6,100 3,000 3,200 2,700
New Brunswick 6,200 4,200 4,500 4,000 4,700 3,300
Quebec 52,900 41,100 50,700 42,200 54,200 37,900
Ontario 65,400 36,300 66,700 43,800

56,200

45,800
Manitoba 7,400 3,100 5,000 3,300 8,200 5,000
Saskatchewan 5,700 2,900 4,400 4,900 6,300 5,100
Alberta 29,700 12,400 29,700 12,400 27,200 20,000
British Columbia 28,500 11,700 25,800 11,200 27,100 14,100
CANADA 206,300 117,600 198,900 128,400 192,800 137,800

Source: CMHC Housing Now - July 2010 and July 2009. This seasonally adjusted data goes through stages of revision at different times of the the year.


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Average MLSÆ Resale Price for Local Markets
City June 2009 June 2010
Halifax $240,093 $262,992
Saint John $172,731 $175,123
Quebec $218,104 $237,530
Montreal $276,291 $307,403
Ottawa $307,793

$328,238

Toronto $403,918 $435,064
Hamilton/Burlington $297,117 $314,189
Winnipeg $212,592 $233,567
Saskatoon $276,867 $295,963
Calgary $392,601 $415,431
Edmonton $328,285 $335,271
Vancouver $575,949 $657,934
Victoria $476,686 $511,498

Source: Canadian Real Estate Association


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Quarterly Housing Price Index

Detached Bungalows

Market Q2 2010 Average Last Quarter Average Q2 2009 Average Bungalow % Change
Halifax 250,333 246,833 235,333 6.4%
Charlottetown 162,000 162,000 160,000 1.3%
Moncton 150,760 158,200 158,000 -4.6%
Fredericton 182,000 182,000 172,000 5.8%
Saint John 195,000 228,000 201,476 -3.2%
St. John's 238,333 228,025 200,000 19.2%
Montreal 255,906 248,613 235,523 8.7%
Ottawa 352,917 326,667 325,417 8.5%
Toronto 481,933 477,867 432,433 11.4%
Winnipeg 261,625 259,313 237,750 10.0%
Regina 282,000 278,125 272,900 3.3%
Saskatoon 331,250 328,250 312,250 6.1%
Calgary 419,978 419,433 401,600 4.6%
Edmonton 320,857 302,857 302,143 6.2%
Vancouver 905,000 906,045 760,000 19.1%
Victoria 520,000 511,400 466,000 11.6%
National 331,868 328,977 304,552 9.0%


Standard Two-Storey

Market Q2 2010 Average Last Quarter Average Q2 2009 Average 2 Storey % Change
Halifax 287,167 278,267 277,333 3.5%
Charlottetown 196,000 196,000 190,000 3.2%
Moncton 139,300 137,250 134,200 3.8%
Fredericton 205,000 205,000 210,000 -2.4%
Saint John 270,000 299,000 268,000 0.7%
St. John's 330,000 313,775 276,000 19.6%
Montreal 357,833 350,667 332,917 7.5%
Ottawa 353,083 346,833 325,417 8.5%
Toronto 589,857 577,810 533,748 10.5%
Winnipeg 293,875 277,375 265,050 10.9%
Regina 259,500 267,000 245,000 5.9%
Saskatoon 355,500 366,250 337,250 5.4%
Calgary 422,078 432,178 400,167 5.5%
Edmonton 347,914 343,571 328,571 5.9%
Vancouver 995,250 987,500 846,000 17.6%
Victoria 483,000 475,000 446,000 8.3%
National 367,835 365,842 338,478 8.7%

Source: RBC Quarterly Housing Affordability Study


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