March 2010
Welcome to the March 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 of Canada statement included reference to hold rate to end of second quarter 2010
Bank Prime Lending Rate
| January 20, 2010 | 2.25% |
| March 3, 2010 | 2.25% |
| April 21, 2010 | Next meeting date |
Source: Bank of Canada
US Federal Reserve Board Discount Rate
| December 15, 2009 | 0.00% ñ 0.25% |
| January 27, 2010 | 0.00% ñ 0.25% |
| March 16, 2010 | Next meeting date |
Source: US Federal Reserve
Exchange Rate $CDN($US)
| January 27, 2010 | 0.9392 |
| February 10, 2010 | 0.9407 |
| February 26, 2010 | 0.9501 |
Source: Bank of Canada
Government of Canada Bonds
| Bond Type | January 27, 2009 |
February 10, 2010 |
February 24, 2010 |
| 1 year Treasury Bill | 0.56% | 0.56% | 0.62% |
| 3 year Benchmark Bond Yield |
1.66% | 1.65% | 1.65% |
| 5 year Benchmark Bond Yield |
2.46% | 2.51% | 2.54% |
| 10 year Benchmark Bond Yield |
3.35% | 3.43% | 3.45% |
Source: Bank of Canada
Total New Housing Starts (Seasonable adjusted and annualized)
| Province |
November |
November |
December |
December |
January |
January |
| Newfoundland/Labrador |
3,300 |
2,700 |
3,800 |
4,000 |
3,600 |
3,600 |
| PEI |
1,100 |
800 |
1,000 |
900 |
700 |
600 |
| Nova Scotia |
2,800 |
3,600 |
3,000 |
3,000 |
2,700 |
2,800 |
| New Brunswick |
3,600 |
3,900 |
3,200 |
3,000 |
5,200 |
3,800 |
| Quebec |
46,500 |
48,200 |
52,100 |
44,000 |
55,400 |
45,300 |
| Ontario |
55,800 |
58,300 |
54,500 |
66,100 |
55,500 |
54,700 |
| Manitoba |
4,300 |
5,900 |
3,300 |
6,400 |
5,100 |
3,600 |
| Saskatchewan |
7,600 |
5,700 |
4,300 |
4,700 |
6,300 |
3,800 |
| Alberta |
30,200 |
20,400 |
27,300 |
20,000 |
23,600 |
17,200 |
| British Columbia |
20,400 |
22,400 |
23,000 |
23,100 |
27,500 |
18,100 |
| Canada |
175,600 |
172,000 |
175,500 |
172,200 |
185,600 |
153,500 |
Source: CMHC Housing Now ñ December 2009 and December 2008.
This seasonally adjusted data goes through stages of revision at different times of the year.
Average MLS resale price for local markets
| City | January 2009 | January 2010 |
| Halifax | $242,861 | $241,968 |
| Saint John | $155,520 | $163,824 |
| Quebec | $202,977 | $229,875 |
| Montreal | $256,432 | $283,890 |
| Ottawa | $290,930 | $323,762 |
| Toronto | $343,632 | $409,058 |
| Hamilton/Burlington | $264,549 | $288,397 |
| Winnipeg | $177,718 | $206,454 |
| Saskatoon | $278,545 | $270,191 |
| Calgary | $362,143 | $382,009 |
| Edmonton | $317,049 | $314,783 |
| Vancouver | $536,162 | $637,637 |
| Victoria | $431,312 | $509,514 |
Source: Canadian Real Estate Association
