January 2010
Happy New Year and welcome to the January issue of CAAMP Stats. CAAMP has finalized its lineup of regional symposiums, golf tournaments and education courses.
For complete details visit www.caamp.org
Bank of Canada Interest Rate
| October 20, 2009 |
0.25% |
| December 8, 2009 |
0.25%* |
| January 19, 2010 |
Next meeting date |
Source: Bank of Canada
*Bank of Canada statement included reference to hold rate to end of second quarter 2010
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Bank Prime Lending Rate
| October 21, 2009 |
2.25% |
| December 9, 2009 |
2.25% |
| January 20, 2010 |
Next meeting date |
Source: Bank of Canada
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US Federal Reserve Board Discount Rate
| November 4, 2009 |
0.00% – 0.25% |
| December 15, 2009 |
0.00% – 0.25% |
| January 27, 2010 |
Next meeting date |
Source: US Federal Reserve
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Exchange Rate $CDN($US)
| November 27, 2009 |
.9421 |
| December 11, 2009 |
.9434 |
| December 24, 2009 |
.9525 |
Source: Bank of Canada
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Government of Canada Bonds
| Bond Type |
November 25,
2009 |
December 9,
2009 |
December 23, 2009 |
| 1 year Treasury Bill |
0.48% |
0.53% |
0.66% |
3 year Benchmark
Bond Yield |
1.62% |
1.67% |
1.82% |
5 year Benchmark
Bond Yield |
2.41% |
2.47% |
2.70% |
10 year Benchmark
Bond Yield |
3.25% |
3.32% |
3.57% |
Source: Bank of Canada
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Total New Housing Starts (Seasonable adjusted and annualized)
| Province |
September
2009 |
September
2008 |
October
2009 |
October 2008 |
November
2009 |
November
2008 |
| Newfoundland/Labrador |
2,800 |
3,200 |
2,900 |
3,100 |
3,200 |
2,700 |
| PEI |
700 |
500 |
1,200 |
600 |
1,000 |
800 |
| Nova Scotia |
4,500 |
4,400 |
4,000 |
4,300 |
2,800 |
3,600 |
| New Brunswick |
2,900 |
4,500 |
3,600 |
5,000 |
3,900 |
3,900 |
| Quebec |
41,300 |
70,100 |
37,200 |
48,400 |
40,400 |
48,200 |
| Ontario |
50,200 |
84,200 |
57,600 |
82,600 |
53,000 |
58,300 |
| Manitoba |
4,400 |
5,600 |
4,200 |
5,800 |
4,200 |
5,900 |
| Saskatchewan |
3,700 |
6,400 |
3,600 |
4,900 |
6,100 |
5,700 |
| Alberta |
22,600 |
57,300 |
25,000 |
24,700 |
24,800 |
20,400 |
| British Columbia |
16,200 |
43,900 |
18,200 |
32,300 |
19,200 |
22,400 |
| Canada |
149,300 |
281,300 |
157,400 |
211,800 |
158,500 |
172,000 |
Source: CMHC Housing Now – December 2009 and December 2008.
This seasonally adjusted data goes through stages of revision at different times of the year.
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Average MLS resale price for local markets
| City |
November 2008 |
November 2009 |
| Halifax |
$239,438 |
$239,514 |
| Saint John, NB |
$153,036 |
$178,484 |
| Quebec |
$191,885 |
$215,487 |
| Montreal |
$262,772 |
$282,665 |
| Ottawa |
$291,695 |
$314,071 |
| Toronto |
$368,582 |
$418,502 |
| Hamilton/Burlington |
$284,469 |
$310,377 |
| Winnipeg |
$182,286 |
$202,128 |
| Saskatoon |
$278,495 |
$278,885 |
| Calgary |
$384,243 |
$401,201 |
| Edmonton |
$318,588 |
$318,482 |
| Vancouver |
$510,465 |
$622,564 |
| Victoria |
$429,204 |
$490,892 |
Source: Canadian Real Estate Association
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