Housing Stats and Bank of Canada Rates

 
 

January 2013



Happy New Year and welcome to the January issue of CAAMP Stats. For more information on CAAMP please visit www.caamp.org




Bank of Canada Interest Rate

October 23, 2012

1.00 %

December 4, 2012

1.00 %

January 23, 2013

Next meeting date

Source: Bank of Canada

Top of Page



Bank PrimeLending Rate

October 24, 2012

3.00 %

December 5, 2012

3.00 %

January 24, 2013

Next meeting date

Source: Bank of Canada



Conventional Mortgage - 5 Year Rate*

September 26, 2012

5.24 %

October 17, 2012

5.24 %

November 21, 2012

5.24 %

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





US Federal Reserve Board Discount Rate*

October 24, 2012

0.00 % - 0.25 %

December 11, 2012

0.00 % - 0.25 %

January 30, 2013

Next meeting date

Source: US Federal Reserve
*US Federal Reserve has indicated it will now keep this rate until unemployment reaches 6.5%





ExchangeRate $CDN($US)

November 28, 2012

1.0082

December 19, 2012

1.0120

December 31, 2012

1.0051

Source: Bank of Canada




Governmentof Canada Bonds

Bond Type

November 21, 2012

December 5, 2012

December 19, 2012

1 year Treasury Bill

1.07%

1.05%

1.10%

3 year Benchmark
Bond Yield

1.19%

1.11%

1.22%

5 year Benchmark
Bond Yield

1.34%

1.26%

1.40%

10 year Benchmark
Bond Yield

1.76%

1.68%

1.84%

Source: Bank of Canada




Total New Housing Starts (Seasonally adjusted and annualized)

Province

September
2012

September
2011

October
2012

October
2011

November
2012

November
2011

Newfoundland/Labrador

3,800

3,500

3,500

3,500

3,600

3,900

PEI

1,400

1,300

800

900

700

1,500

Nova Scotia

6,100

6,100

8,300

3,300

2,600

2,800

New Brunswick

6,400

5,000

2,800

3,900

2,800

3,500

Quebec

49,500

57,800

41,400

44,500

47,000 

47,200

Ontario

71,600

65,600

67,100

73,500

57,900

54,000

Manitoba

8,500

4,500

6,600

7,600

6,500

7,500

Saskatchewan

13,300

9,100

10,500

8,400

11,700

7,200

Alberta

33,300

24,900

33,300

31,600

38,900

29,900

British Columbia

29,500

29,800

29,100

30,400

24,500

28,200

CANADA

223,400

207,600

203,500

207,600

196,100

185,700

Source: CMHC Housing Now - December 2011 and December 2012. This seasonally adjusted data goes through stages of revision at different times of the year.




Average MLS® Resale Price for Local Markets

City

November 2011

November 2012

Halifax

$ 262,714

$ 266,740

Saint John

$ 159,101

$ 168,623

Quebec

$ 250,918

$ 260,783

Montreal

$ 323,011

$ 333,324

Ottawa

$ 347,675

$ 350,211

Toronto

$ 480,421

$ 485,328

Hamilton/Burlington

$ 342,005

$ 369,201

Winnipeg

$ 236,127

$ 263,786

Saskatoon

$ 307,023

$ 330,125

Regina

$ 273,243

$ 309,219

Calgary

$ 398,722

$ 413,921

Edmonton

$ 319,559

$ 331,526

Vancouver

$ 728,118

$ 682,215

Victoria

$ 499,676

$ 491,326

Source: Canadian Real Estate Association




Source: TD Economics December 2012



Source: TD Economics December 2012

 

 

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