June 2010 CAAMP Statistics

Every month we publish the statistics that the Canadian Association of Accredited Mortgage Professionals (CAAMP) sends us as a service to our readers.

Welcome to the June issue of CAAMP Stats. To find out more about CAAMP, visit www.caamp.org

Bank of Canada Interest Rate Government of Canada Bonds
Bank Prime Lending Rate Total New Housing Starts
Conventional Mortgage – 5 Year Rate Average MLS Resale Price for Local Markets
US Federal Reserve Board Discount Rate Housing Affordability Index
Exchange Rate  



Bank of Canada Interest Rate
 

April 20, 2010 0.25 %
June 1, 2010 0.50 %
July 20, 2010 Next meeting date

Source: Bank of Canada



Bank Prime Lending Rate

 

April 21, 2010 2.25 %
June 2, 2010 2.50 %
July 21, 2010 Next meeting date

Source: Bank of Canada



Conventional Mortgage – 5 Year Rate*

 

April 28, 2010 6.25 %
May 12, 2010 6.10 %
May 26, 2010 5.99 %

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




US Federal Reserve Board Discount Rate

 

March 16, 2010 0.00 % – 0.25 %
April 28, 2010 0.00 % – 0.25 %
June 23, 2010 Next Meeting date

Source: US Federal Reserve



Exchange Rate $CDN

 

April 29, 2010 0.9946
May 14, 2010 0.9693
May 31, 2010 0.9583

Source: Bank of Canada



Government of Canada Bonds

 

Bond Type April 28, 2010 May 12, 2010 May 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



Total New Housing Starts (Seasonally adjusted and annualized)

 

Province February
2010
February
2009
March
2010
March
2009
April
2010
April
2009
Newfoundland/Labrador 5,300 3,200 6,000 3,300 3,100 2,800
PEI 300 500 300 400 400 500
Nova Scotia 6,300 4,700 3,900 3,800 3,600 2,500
New Brunswick 2,400 3,200 3,700 3,400 3,600 4,200
Quebec 47,300 36,900 55,300 43,600 53,700 41,100
Ontario 73,300 47,100 63,200 62,600

64,700

36,300
Manitoba 5,400 3,700 3,800 3,500 3,400 3,100
Saskatchewan 5,000 2,300 4,000 2,100 4,200 2,900
Alberta 28,300 12,600 34,100 11,900 35,700 12,400
British Columbia 30,200 14,200 24,900 11,900 28,300 11,700
CANADA 203,800 128,400 199,200 146,500 200,700 117,600

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.



Average MLS Resale Price for Local Markets

 

City April 2009 April 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