|
Welcome to the October issue of CAAMP Stats. For more
information on CAAMP please visit www.caamp.org.
Bank of
Canada Interest Rate
|
July 16, 2014
|
1.00%
|
|
September 3, 2014
|
1.00%
|
|
October 23, 2014
|
Next meeting date
|
Source: Bank of
Canada
Bank Prime Lending Rate
|
July 17, 2014
|
3.00%
|
|
September 4, 2014
|
3.00%
|
|
October 24, 2014
|
Next meeting date
|
Source: Bank of
Canada
Conventional Mortgage – 5 Year
Rate*
|
July 30, 2014
|
4.79%
|
|
September 3, 2014
|
4.79%
|
|
September 24, 2014
|
4.79%
|
Source: Bank of
Canada
*Determinant for high ratio mortgage variable qualifying
rate
US Federal Reserve Board Discount
Rate
|
July 30, 2014
|
0.00%-0.25%
|
|
September 17, 2014
|
0.00% -0.25%
|
|
October 29, 2014
|
Next meeting date
|
Source: US Federal Reserve
Exchange Rate $CDN($US)
August 27, 2014
|
.9212 $CDN ($US)
|
September 17, 2014
|
.9088 $CDN ($US)
|
|
October 1, 2014
|
.8951 $CDN ($US)
|
Source: Bank of
Canada
Government of
Canada
Bonds
Bond Type
|
August 27, 2014
|
September 10, 2014
|
September 24, 2014
|
1 year Treasury Bill
|
1.01%
|
1.00%
|
1.00%
|
3 year Benchmark Bond Yield
|
1.12%
|
1.17%
|
1.17%
|
5 year Benchmark Bond Yield
|
1.52%
|
1.65%
|
1.66%
|
10 year Benchmark Bond Yield
|
2.00%
|
2.20%
|
2.20%
|
Source: Bank of
Canada
Total New Housing Starts
(Seasonable adjusted and annualized)
Province
|
June 2014
|
June 2013
|
July 2014
|
July 2013
|
August 2014
|
August 2013
|
Newfoundland/Labrador
|
2,300
|
3,200
|
2,400
|
3,100
|
2,500
|
3,100
|
PEI
|
700
|
900
|
400
|
700
|
300
|
400
|
Nova Scotia
|
2,700
|
2,800
|
5,700
|
4,200
|
4,200
|
2,300
|
New Brunswick
|
2,500
|
4,600
|
4,900
|
2,200
|
2,900
|
3,600
|
Quebec
|
36,700
|
35,800
|
37,100
|
36,200
|
36,100
|
32,700
|
Ontario
|
57,800
|
62,300
|
69,800
|
61,500
|
52,600
|
69,900
|
Manitoba
|
5,500
|
7,400
|
9,200
|
11,200
|
8,900
|
5,000
|
Saskatchewan
|
7,700
|
8,500
|
8,600
|
8,300
|
8,800
|
10,100
|
Alberta
|
53,900
|
38,100
|
34,600
|
33,600
|
41,100
|
26,900
|
British Columbia
|
28,500
|
30,500
|
27,100
|
31,900
|
34,900
|
26,200
|
CANADA
|
198,300
|
194,100
|
199,800
|
192,800
|
192,400
|
180,200
|
Source: CMHC Housing Now – September 2013 and September
2014. This seasonally adjusted data goes through stages of
revision at different times of the year.
Average MLS resale price for local
markets
City
|
August 2013
|
August 2014
|
St. John’s, NF
|
$334,738
|
$358,503
|
Halifax
|
$272,069
|
$276,080
|
Saint John, NB
|
$176,632
|
$166,548
|
Quebec
|
$268,073
|
$278,517
|
Montréal
|
$327,266
|
$328,745
|
Ottawa
|
$348,822
|
$361,730
|
Toronto
|
$503,094
|
$546,303
|
Hamilton/Burlington
|
$376,284
|
$397,938
|
Winnipeg
|
$261,666
|
$270,246
|
Saskatoon
|
$323,441
|
$350,699
|
Regina
|
$311,860
|
$294,338
|
Calgary
|
$432,576
|
$454,994
|
Edmonton
|
$351,093
|
$368,597
|
Vancouver
|
$784,567
|
$802,763
|
Victoria
|
$479,608
|
$497,608
|
Source: Canadian Real Estate Association
Housing Sales and Mortgage Credit
Growth
Source: TD Bank, September 2014
Mortgage Credit
Growth slowing due to repayments
Source: TD Bank, September 2014
|
