May 2011
Welcome to the May issue of CAAMP Stats. To find out about events, course offerings and the latest association news, visit www.caamp.org.
JUMP TO A SECTION:
Bank of Canada Interest Rate
March 1, 2011
| 1.00 %
| April 12, 2011
| 1.00 %
| May 31, 2011
| Next meeting date
|
Bank Prime Lending Rate
March 2, 2011
| 3.00 % | April 13, 2011
| 3.00 %
| June 1, 2011
| Next meeting date
|
Conventional Mortgage - 5 Year Rate*
February 23, 2011
| 5.44 %
| March 28, 2011
| 5.34 %
| April 11, 2011
| 5.69 %
|
Source: Bank of Canada
*Determinant for high ratio mortgage variable qualifying rate
Top of Page
US Federal Reserve Board Discount Rate
March 15, 2011
| 0.00 % - 0.25 %
| April 27, 2011
| 0.00 % - 0.25 %
| June 22, 2011
| Next meeting date
|
March 31, 2011
| 1.0314 | April 15, 2011
| 1.0416 | April 28, 2011
| 1.0515
|
| Bond Type | March 30, 2011 | April 13, 2011 | April 27, 2011 | 1 year Treasury Bill
| 1.35 % | 1.41 % | 1.43 % | 3 year Benchmark
Bond Yield | 2.13 % | 2.19 % | 2.11 % | 5 year Benchmark
Bond Yield | 2.71 % | 2.75 % | 2.65 % | 10 year Benchmark
Bond Yield | 3.29 % | 3.37 % | 3.27 % |
Total New Housing Starts (Seasonally adjusted and annualized) | Province | January
2011 | January
2010 | February
2011 | February
2010 | March
2011 | March
2010 | Newfoundland/Labrador
| 4,700
| 3,600
| 3,100
| 3,600
| 4,200
| 6,100
| PEI
| 1,300
| 600
| 500
| 400
| 600
| 300
| Nova Scotia
| 5,300
| 2,800
| 4,100
| 5,400
| 3,300
| 4,200
| New Brunswick
| 2,400
| 5,200
| 1,000
| 2,400
| 1,300
| 3,700
| Quebec
| 48,700
| 55,100
| 42,800
| 47,800
| 50,300
| 55,600
| Ontario
| 51,100
| 55,500
| 66,200
| 70,100
| 75,500
| 63,200
| Manitoba
| 3,600
| 5,100
| 5,400
| 4,900
| 4,100
| 3,900
| Saskatchewan
| 6,000
| 6,400
| 9,300
| 4,600
| 5,300
| 4,000
| Alberta
| 19,100
| 23,500
| 22,400
| 27,300
| 20,800
| 34,900
| British Columbia
| 26,900
| 27,600
| 25,600
| 30,100
| 19,700
| 25,000
| CANADA
| 169,100
| 185,400
| 180,400
| 196,600
| 185,100
| 200,900
|
Source: CMHC Housing Now - April 2011 and April 2010. This seasonally adjusted data goes through stages of revision at different times of the year.
Average MLS® Resale Price for Local Markets
| City | March 2011 | March 2010 | Halifax
| $ 261,561
| $ 255,818
| Saint John
| $ 176,580
| $ 169,256
| Quebec
| $ 239,244
| $ 233,762
| Montreal
| $ 307,097
| $ 287,737
| Ottawa
| $ 347,642
| $ 330,906
| Toronto
| $ 456,147
| $ 434,693
| Hamilton/Burlington
| $ 326,453
| $ 313,372
| Winnipeg
| $ 241,955
| $ 227,167
| Saskatoon
| $ 294,025
| $ 282,615
| Regina
| $ 275,431
| $ 250,826
| Calgary
| $ 398,836
| $ 405,551
| Edmonton
| $ 326,557
| $ 342,933
| Vancouver
| $ 786,311
| $ 693,482
| Victoria
| $ 494,207
| $ 521,917
|
Top of Page
Standard Two-Story
| Market | Q1 2011
Avg | Last Quarter
Avg | Q1 2010
Avg | 2 Story
% Change | Halifax
| 298,000
| 291,000
| 278,267
| 7.1 %
| Charlottetown
| 195,000
| 196,000
| 195,000
| 0.0 %
| Moncton
| 131,000
| 137,900
| 131,000
| 0.0 %
| Fredericton
| 206,500
| 205,000
| 205,000
| 0.7 %
| Saint John
| 295,000
| 299,000
| 299,900
| -1.6 %
| St. John's
| 327,627
| 327,627
| 313,775
| 4.4 %
| Montreal
| 392,469
| 393,906
| 377,781
| 3.9 %
| Ottawa
| 365,500
| 354,083
| 346,833
| 5.4 %
| Toronto
| 589,929
| 594,993
| 575,476
| 2.5 %
| Winnipeg
| 297,125
| 295,000
| 277,375
| 7.1 %
| Regina
| 273,000
| 274,000
| 259,000
| 5.4 %
| Saskatoon
| 360,000
| 359,250
| 366,250
| -1.7 %
| Calgary
| 423,122
| 405,733
| 432,178
| -2.1 %
| Edmonton
| 343,143
| 335,000
| 343,571
| -0.1 %
| Vancouver
| 1,083,750
| 1,007,500
| 987,500
| 9.7 %
| Victoria
| 480,000
| 480,000
| 475,000
| 1.1 %
|
Detached Bungalow
| Market | Q1 2011
Avg | Last Quarter
Avg | Q1 2010
Avg | Bungalow
% Change | Halifax
| 264,833
| 255,967
| 246,833
| 7.3 %
| Charlottetown
| 163,000
| 162,000
| 160,000
| 1.9 %
| Moncton
| 150,000
| 158,000
| 152,300
| -1.5 %
| Fredericton
| 192,000
| 192,000
| 182,000
| 5.5 %
| Saint John
| 178,000
| 184,000
| 190,000
| -6.3 %
| St. John's
| 238,793
| 238,793
| 228,025
| 4.7 %
| Montreal
| 276,343
| 272,929
| 256,714
| 7.6 %
| Ottawa
| 363,167
| 353,333
| 342,833
| 5.9 %
| Toronto
| 499,050
| 483,267
| 477,500
| 4.5 %
| Winnipeg
| 269,250
| 266,500
| 259,313
| 3.8 %
| Regina
| 286,000
| 293,000
| 273,000
| 4.8 %
| Saskatoon
| 331,250
| 331,250
| 328,250
| 0.9 %
| Calgary
| 415,167
| 392,167
| 419,433
| -1.0 %
| Edmonton
| 309,857
| 306,429
| 302,857
| 2.3 %
| Vancouver
| 980,000
| 891,500
| 906,045
| 8.2 %
| Victoria
| 490,000
| 490,000
| 511,400
| -4.2 %
|
Source: Royal LePage April 2011
|
|
