August Mortgage Statistics

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Today the most recent real estate and mortgage statistics, as prepared by the Canadian Association of Accredited Mortgage Professionals was released. This issue highlights trends in interest rates, bond yields, housing starts and prices for major centres across Canada. The full report is below.





August 1, 2007


Welcome to the August issue of CAAMP Stats. For more information visit www.caamp.org



Bank of Canada Interest Rate

May 29, 2007 4.25%
July 10, 2007 4.50%
September 5, 2007 Next meeting date

Source: Bank of Canada

Bank Prime Lending Rate


May 30, 2007 6.00%
July 11, 2007 6.25%
September 6, 2007 Next meeting date
Source: Bank of Canada




US Federal Reserve Board Discount Rate

May 9, 2007 5.25%
June 28, 2007 5.25%
August 7, 2007 Next meeting date

Source: US Federal Reserve
Exchange Rate ($CDN/$US)

Exchange Rate $CDN/$US
$CDN/$US June 28, 2007 0.9386
$CDN/$US July 13, 2007 0.9537
$CDN/$US July 30, 2007 0.9360
Source:Bank of Canada


Government of Canada Bonds

Bond Type
June 27, 2007

July 11, 2007

July 25, 2007
1 Year Treasury Bill
4.73%

4.71%

4.79%
3 Year Benchmark Bond Yield
4.66%

4.64%

4.67%
5 Year Benchmark Bond Yield
4.62%

4.61%

4.63%
10 Year Benchmark Bond Yield
4.62%

4.61%

4.58%
Source: Bank of Canada


Total New Housing Starts (Seasonable adjusted and annualized)

Province
April 2007

May 2007

June 2007
Newfoundland/Labrador
2,300

2,200

2,400
PEI
900

600

800
Nova Scotia
3,100

4,100

4,600
New Brunswick
4,000

4,300

3,900
Quebec
48,200

49,600

54,900
Ontario
63,100

75,800

62,000
Manitoba
4,100

7,500

5,100
Saskatchewan
5,600

6,200

7,500
Alberta
52,600

47,500

45,700
British Columbia
34,900

37,400

38,400
CANADA
218,800

235,200

225,300
Source: CMHC Housing Now – July 2007


Average MLS resale price for local markets

City June 2006 June 2007
Halifax $201,316 $225,467
Quebec City $153,315 $164,298
Montreal $223,133 $235,087
Ottawa $260,458 $279,361
Toronto $358,035 $381,963
Hamilton/Burlington $250,347 $269,676
Saskatoon $160,548 $252,444
Calgary $367,033 $427,205
Edmonton $254,240 $350,357
Vancouver $508,435 $564,702
National
$283,655
$315,332
Source: Canadian Real Estate Association (CREA)


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