September 2010 Mortgage and Housing Stats


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

Click here to check out the latest statistics which include:

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

More good news for Alberta! It seems that Alberta is experiencing the largest increase in housing starts among all prairie provinces this year. A 35 per cent increase over last year was reported by the CMHC (Canada Mortgage and Housing Corporation).

“Prairie housing starts are expected to rise again in 2011, but the growth rate is projected to ease under 6 per cent,” said Lai Sing Louie, CMHC’s regional economist, in an article in the Edmonton Sun. “The pace of housing starts in the second half of 2010 will slow as more units under construction will be completed and move into inventory.”

CMHC predicts 28,450 total housing starts in Alberta by year end, and 30,700 for 2011.

If you’re considering purchasing or refinancing a property, contact one of our Mortgage Brokers today for expert assistance.

As the company’s first employee, Jennifer has been a Licensed Mortgage Associate since 2004, but her current role is not focused on mortgages. She is the resident blog writer and…

Learn more about Jennifer Rochford