July 2010
Welcome to the July issue of CAAMP Stats.
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| April 20, 2010 | 0.25 % |
| June 1, 2010 | 0.50 % |
| July 20, 2010 | Next meeting date |
| April 21, 2010 | 2.25 % |
| June 2, 2010 | 2.50 % |
| July 21, 2010 | Next meeting date |
Source: Bank of Canada
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Conventional Mortgage - 5 Year Rate*
| May 12, 2010 | 6.10 % |
| June 16, 2010 | 5.99 % |
| July 5, 2010 | 5.89 % |
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)
| May 31, 2010 | 0.9583 |
| June 11, 2010 | 0.9673 |
| June 30, 2010 | 0.9393 |
Source: Bank of Canada
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Government of Canada Bonds
| Bond Type | May 26, 2010 | June 9, 2010 | June 23, 2010 |
1 year Treasury Bill | 1.02% | 1.19% | 1.17% |
| 3 year Benchmark Bond Yield | 2.00% | 2.10% | 1.99% |
| 5 year Benchmark Bond Yield | 2.55% | 2.65% | 2.53% |
| 10 year Benchmark Bond Yield | 3.25% | 3.35% | 3.23% |
Source: Bank of Canada
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Total New Housing Starts (Seasonally adjusted and annualized)
| Province | March | March 2009 | April 2010 | April 2009 | May 2010 | May 2009 |
| Newfoundland/Labrador | 6,000 | 3,300 | 3,100 | 2,800 | 3,700 | 2,700 |
| PEI | 300 | 400 | 400 | 500 | 1,400 | 800 |
| Nova Scotia | 3,900 | 3,800 | 3,600 | 2,500 | 4,900 | 3,000 |
| New Brunswick | 3,700 | 3,400 | 3,600 | 4,200 | 4,900 | 4,000 |
| Quebec | 55,300 | 43,600 | 53,700 | 41,100 | 48,700 | 42,200 |
| Ontario | 63,200 | 62,600 | 64,700 | 36,300 | 64,600 | 43,800 |
| Manitoba | 3,800 | 3,500 | 3,400 | 3,100 | 4,400 | 3,300 |
| Saskatchewan | 4,000 | 2,100 | 4,200 | 2,900 | 4,300 | 4,900 |
| Alberta | 34,100 | 11,900 | 35,700 | 12,400 | 27,300 | 12,400 |
| British Columbia | 24,900 | 11,900 | 28,300 | 11,700 | 24,900 | 11,200 |
| CANADA | 199,200 | 146,500 | 200,700 | 117,600 | 189,100 | 128,400 |
Source: CMHC Housing Now - June 2010 and June 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 | May 2009 | May 2010 |
| Halifax | $248,209 | $264,539 |
| Saint John | $188,500 | $173,872 |
| Quebec | $212,241 | $238,594 |
| Montreal | $273,390 | $300,807 |
| Ottawa | $312,927 | $334,360 |
| Toronto | $395,609 | $446,593 |
| Hamilton/Burlington | $297,132 | $315,647 |
| Winnipeg | $208,806 | $237,697 |
| Saskatoon | $279,477 | $294,516 |
| Calgary | $382,632 | $417,978 |
| Edmonton | $326,332 | $340,723 |
| Vancouver | $583,674 | $661,745 |
| Victoria | $482,119 | $515,126 |
Source: Canadian Real Estate Association
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MLSÆ Home Sale Prices
| Year | Canada | BC | AB | MB/SK | ON | QC | Atlantic |
| 2007 | $307,094 | $439,119 | $356,235 | $171,609 | $299,544 | $207,530 | $158,589 |
| 2008 | $304,971 | $454,599 | $352,857 | $205,036 | $302,354 | $215,307 | $171,258 |
| 2009 | $320,333 | $465,725 | $341,201 | $216,012 | $318,366 | $225,412 | $182,640 |
| 2010 YTD | $342,327 | $495,471 | $353,397 | $226,918 | $349,101 | $239,890 | $196,121 |
| Year | Vancouver | Calgary | Toronto | Montreal |
| 2007 | $570,795 | $414,066 | $377,029 | $229,902 |
| 2008 | $593,767 | $405,267 | $379,943 | n/a |
| 2009 | $592,441 | $385,882 | $396,154 | n/a |