April 2010
Welcome to the April issue of CAAMP Stats. To find out more about CAAMP events, courses, mortgage agent licensing and industry news, visit www.caamp.org
Bank of Canada Interest Rate
| January 19, 2010 | 0.25% |
| March 2, 2010 | 0.25% |
| April 20, 2010 | Next meeting date |
Source: Bank of Canada
Bank Prime Lending Rate
| January 20, 2010 | 2.25% |
| March 3, 2010 | 2.25% |
| April 21, 2010 | Next meeting date |
Source: Bank of Canada
Conventional Mortgage - 5 Year Rate*
| March 10, 2010 | 5.39% |
| March 31, 2010 | 5.85% |
Source: Bank of Canada
*Determinant for high ratio mortgage variable qualifying rate
US Federal Reserve Board Discount Rate
| January 27, 2010 | 0.00% – 0.25% |
| March 16, 2010 | 0.00% – 0.25% |
| April 28, 2010 | Next meeting date |
Source: US Federal Reserve
Exchange Rate $CDN($US)
| February 26, 2010 | 0.9501 |
| March 15, 2010 | 0.9820 |
| March 29, 2010 | 0.9797 |
Source: Bank of Canada
Government of Canada Bonds
| Bond Type | February 24, 2010 |
March 10, 2010 |
March 24, 2010 |
| 1 year Treasury Bill | 0.62% | 0.70% | 0.87% |
| 3 year Benchmark Bond Yield |
1.65% | 1.85% | 1.99% |
| 5 year Benchmark Bond Yield |
2.54% | 2.81% | 2.86% |
| 10 year Benchmark Bond Yield |
3.45% | 3.53% | 3.54% |
Source: Bank of Canada
Total New Housing Starts (Seasonable adjusted and annualized)
| Province |
December |
December |
January |
January |
February |
February |
| Newfoundland/Labrador |
3,900 |
4,000 |
3,600 |
3,600 |
3,600 |
3,200 |
| PEI |
1,000 |
900 |
600 |
600 |
400 |
500 |
| Nova Scotia |
3,000 |
3,000 |
2,800 |
2,800 |
5,400 |
4,700 |
| New Brunswick |
3,200 |
3,000 |
5,200 |
3,800 |
2,400 |
3,200 |
| Quebec |
52,600 |
44,000 |
55,100 |
45,300 |
47,800 |
36,900 |
| Ontario |
54,700 |
66,100 |
55,500 |
54,700 |
70,100 |
47,100 |
| Manitoba |
3,400 |
6,400 |
5,100 |
3,600 |
4,900 |
3,700 |
| Saskatchewan |
4,100 |
4,700 |
6,400 |
3,800 |
4,600 |
2,300 |
| Alberta |
27,300 |
20,000 |
23,500 |
17,200 |
27,300 |
12,600 |
| British Columbia |
22,800 |
23,100 |
27,600 |
18,100 |
30,100 |
14,200 |
| Canada |
175,000 |
172,200 |
185,400 |
153,500 |
196,600 |
128,400 |
Source: CMHC Housing Now – March 2010 and March 2009.
This seasonally adjusted data goes through stages of revision at different times of the year.
Average MLS resale price for local markets
| City | February 2009 | February 2010 |
| Halifax | $229,660 | $251,072 |
| Saint John | $176,629 | $168,735 |
| Quebec | $200,257 | $228,291 |
| Montreal | $257,775 | $287,241 |
| Ottawa | $273,991 | $318,894 |
| Toronto | $361,361 | $431,509 |
| Hamilton/Burlington | $265,452 | $314,656 |
| Winnipeg | $194,588 | $215,230 |
| Saskatoon | $281,681 | $291,056 |
| Calgary | $370,198 | $389,388 |
| Edmonton | $308,970 | $316,927 |
| Vancouver | $542,641 | $662,741 |
| Victoria | $442,592 | $481,246 |
Source: Canadian Real Estate Association
