June 2010
Welcome to the June issue of CAAMP Stats.
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Bank of Canada Interest RateGovernment of Canada Bonds
Bank Prime Lending RateTotal New Housing Starts
Conventional Mortgage - 5 Year RateAverage MLS Resale Price for Local Markets
US Federal Reserve Board Discount RateHousing Affordability Index
Exchange Rate



Bank of Canada Interest Rate

April 20, 20100.25 %
June 1, 20100.50 %
July 20, 2010Next meeting date
Source: Bank of Canada


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Bank Prime Lending Rate

April 21, 20102.25 %
June 2, 20102.50 %
July 21, 2010Next meeting date

Source: Bank of Canada


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Conventional Mortgage - 5 Year Rate*

April 28, 20106.25 %
May 12, 20106.10 %
May 26, 20105.99 %

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



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US Federal Reserve Board Discount Rate

March 16, 20100.00 % - 0.25 %
April 28, 20100.00 % - 0.25 %
June 23, 2010Next Meeting date

Source: US Federal Reserve


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Exchange Rate $CDN($US)

April 29, 20100.9946
May 14, 20100.9693
May 31, 20100.9583

Source: Bank of Canada


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Government of Canada Bonds

Bond TypeApril 28, 2010May 12, 2010May 26, 2010

1 year Treasury Bill

1.29%

1.26%1.02%
3 year Benchmark
Bond Yield
2.49%2.38%2.00%
5 year Benchmark
Bond Yield
3.09%2.96%2.55%
10 year Benchmark
Bond Yield
3.66%3.59%3.25%

Source: Bank of Canada


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Total New Housing Starts (Seasonally adjusted and annualized)

ProvinceFebruary
2010
February
2009
March
2010
March
2009
April
2010
April
2009
Newfoundland/Labrador5,3003,2006,0003,3003,1002,800
PEI300500300400400500
Nova Scotia6,3004,7003,9003,8003,6002,500
New Brunswick2,4003,2003,7003,4003,6004,200
Quebec47,30036,90055,30043,60053,70041,100
Ontario73,30047,10063,20062,600

64,700

36,300
Manitoba5,4003,7003,8003,5003,4003,100
Saskatchewan5,0002,3004,0002,1004,2002,900
Alberta28,30012,60034,10011,90035,70012,400
British Columbia30,20014,20024,90011,90028,30011,700
CANADA203,800128,400199,200146,500200,700117,600

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


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Average MLS Resale Price for Local Markets

CityApril 2009April 2010
Halifax$245,412$247,168
Saint John$166,172$166,836
Quebec$206,739$232,188
Montreal$267,236$293,393
Ottawa$298,593

$333,854

Toronto$385,641$437,566
Hamilton/Burlington$286,191$317,909
Winnipeg$212,541$236,574
Saskatoon$276,455$299,214
Calgary$371,995$395,847
Edmonton$312,127$339,172
Vancouver$565,003$673,579
Victoria$455,143$518,536

Source: Canadian Real Estate Association


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Housing Affordability Index

Chart 1 - June

Chart 2 - June
Source: RBC Quarterly Housing Affordability Study May 2010


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