May 2008 Mortgage and Housing Statistics

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On May 6th, 2008, the Canadian Association of Accredited Mortgage Professionals (CAAMP) released their May issue of CAAMP Stats. The publication includes information such as the Bank of Canada Interest Rate, the US Federal Reserve Discount Rate, new housing starts, and more. To view the full publication, please continue reading.

To learn more about CAAMP, please visit their website.


May 6, 2008

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Welcome to the May issue of CAAMP Stats.


Bank of Canada Interest Rate


March 4, 2008


3.50%


April 22, 2008


3.00%


June 10, 2008


Next meeting date


Source: Bank of Canada

Bank Prime Lending Rate


March 5, 2008


5.25%


April 23, 2008


4.75%


June 11, 2008


Next meeting date

Source: Bank of Canada




US Federal Reserve Board Discount Rate


March 18, 2008


2.25%


April 30, 2008


2.00%


June 25, 2008


Next meeting date


Source: US Federal Reserve

Exchange Rate ($CDN/$US)


Exchange Rate ($CDN/$US)


$CDN/$US


March 28, 2008


0.9790


$CDN/$US


April 18, 2008


0.9951


$CDN/$US


April 30, 2008


0.9929

Source:Bank of Canada

Government of Canada Bonds



Bond Type


March 26, 2008


April 16, 2008


April 30, 2008


1 Year Treasury Bill


2.55%


2.82%


2.69%


3 Year Benchmark Bond Yield


2.67%


2.99%


2.92%


5 Year Benchmark Bond Yield


2.93%


3.12%


3.04%


10 Year Benchmark Bond Yield


3.46%


3.66%


3.58%

Source: Bank of Canada

Total New Housing Starts (Seasonable adjusted and annualized)



Province


January 2008


February 2008


March 2008


Newfoundland/Labrador


2,100


2,800


3,400


PEI


500


1,000


500


Nova Scotia


3,100


4,300


10,300


New Brunswick


5,000


3,800


4,300


Quebec


45,600


53,800


45,700


Ontario


74,200


81,800


80,000


Manitoba


5,900


5,600


4,700


Saskatchewan


6,900


6,600


6,700


Alberta


36,600


34,200


55,100


British Columbia


36,100


49,900


32,300


CANADA


216,000


243,800


243,000

Source: CMHC Housing Now – April 2008. This seasonally adjusted data goes through stages of revision at different times of the year.

Average MLS resale price for local markets


City


March 2007


March 2008


Halifax


$210,547


$226,015


Montreal


N/A


N/A


Ottawa


$274,585


$288,152


Toronto


$365,285


$380,338


Hamilton/Burlington


$261,021


$289,226


Saskatoon


N/A


N/A


Calgary


$415,321


$419,396


Edmonton


$325,439


$343,760


Vancouver


$554,941


$616,496


Victoria


$444,956


$504,194


Source: Canadian Real Estate Association (CREA)

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Last updated Nov 18, 2018


Canadian Major Market Residential MLS Summary*



Seasonally Adjusted
March 2008


Seasonally Adjusted
February 2008


Unadjusted Data
March 2008


Unadjusted Data
March 2007


Dollar Volume
($ millions)


8,956.8


8,798.8


9,691.4


11,451.0


Unit Sales


26,799


26,552


29,423


36,172


Average Price ($)




329,383


316,572


New Listings


51,693


50,684


55,948


56,960

Source: Canadian Real Estate Association * Includes totals for 25 major markets in Canada

Major Market MLS Statistical Survey


March 2008 Year-to-Date


Region


Dollar Volume ($000)


Unit Sales


Average Price


New Listings


Jan-Mar 08


Y/Y % ch.


Jan-Mar 08


Y/Y % ch.


Jan-Mar 08


Y/Y % ch.


Jan-Mar 08


Y/Y % ch.


Calgary


2,855,883.0


-32.1


6,649


-35.5


429,521


5.3


18,428


30.7


Durham Region


571,108.2


-7.8


2,148


-8.2


265,879


0.5


4,701


6.5


Edmonton


1,566,008.8


-26.8


4,481


-30.9


349,478


5.9


13,378


51.0


Halifax-Dartmouth


318,116.7


-8.4


1,480


-14.3


214,944


6.8


3,248


6.9


Hamilton-Burlington & District


847,947.8


-0.9


2,977


-7.5


284,833


7.2


5,278


-1.6


Kitchener-Waterloo


445,296.1


6.3


1,629


-1.8


273,356


8.3


3,097


-0.8


London & St. Thomas


441,196.7


-3.3


2,033


-9.7


217,018


7.1


4,644


1.0


Mauricie (Trois-Rivières)


N/A


N/A


N/A


N/A


N/A


N/A


N/A


N/A


Montreal


N/A


N/A


N/A


N/A


N/A


N/A


N/A


N/A


Ottawa


804,211.7


-6.3


2,864


-12.2


280,800


6.8


5,880


-9.7


Outaouais (Hull)


N/A


N/A


N/A


N/A


N/A


N/A


N/A


N/A


Quebec City


N/A


N/A


N/A


N/A


N/A


N/A


N/A


N/A


Regina


N/A


N/A


N/A


N/A


N/A


N/A


N/A


N/A


Saguenay-Lac Saint-Jean


N/A


N/A


N/A


N/A


N/A


N/A


N/A


N/A


Saint John


65,653.2


-9.1


458


-10.2


143,348


1.2


1,033


-6.8


Saskatoon


N/A


N/A


N/A


N/A


N/A


N/A


N/A


N/A


St. Catherines & District


168,861.2


-1.3


705


-9.0


239,519


8.5


1,729


6.8


Newfoundland & Labrador


118,402.9


30.6


796


18.1


148,747


10.6


1,960


-7.3


Sudbury


118,678.0


3.1


586


-11.9


202,522


17.1


1,206


11.5


Thunder Bay


50,377.9


11.3


420


11.4


119,947


-0.1


794


8.2


Toronto


6,720,370.9


-9.6


17,721


-13.4


379,232


4.3


36,885


-7.0


Greater Vancouver


4,772,827.7


1.4


7,816


-9.6


610,648


12.2


17,147


14.3


Victoria


872,632.9


-0.6


1,790


-9.7


478,504


10.1


4,036


9.5


Windsor-Essex


182,812.6


-4.1


1,117


-4.3


163,664


0.2


3,367


-6.4


Winnipeg


429,116.0


10.3


2,335


-6.5