Key Industry Statistics
Bank of Canada Interest Rate
|
September 7, 2011
|
1.00 %
|
|
October 25, 2011
|
1.00 %
|
|
December 6, 2011
|
Next meeting date
|
Source: Bank of Canada
Bank Prime Lending Rate
|
Setember 8, 2011
|
3.00 %
|
|
Octoebr 26, 2011
|
3.00 %
|
|
December 7, 2011
|
Next meeting date
|
Source: Bank of Canada
Conventional Mortgage - 5 Year Rate*
|
August 17, 2011
|
5.39 %
|
|
September 21, 2011
|
5.19 %
|
|
October 12, 2011
|
5.29 %
|
Source: Bank of Canada
*Determinant for high ratio mortgage variable qualifying rate
US Federal Reserve Board Discount Rate
|
September 20, 2011
|
0.00 % - 0.25 % *
|
|
November 2, 2011
|
0.00 % - 0.25 %
|
|
December 13, 2011
|
Next meeting date
|
Source: US Federal Reserve
*US Federal Reserve has indicated it will keep this rate until Q2 2013
Exchange Rate $CDN($US)
|
September 29, 2011
|
0.9647
|
|
October 14, 2011
|
0.9896
|
|
October 28, 2011
|
1.0080
|
Source: Bank of Canada
Governmentof Canada Bonds
|
Bond Type
|
September 28, 2011
|
October 12, 2011
|
October 26, 2011
|
|
1 year Treasury Bill
|
0.88%
|
0.95%
|
0.96%
|
|
3 year Benchmark
Bond Yield
|
1.07 %
|
1.19 %
|
1.23 %
|
|
5 year Benchmark
Bond Yield
|
1.44 %
|
1.58 %
|
1.60 %
|
|
10 year Benchmark
Bond Yield
|
2.19 %
|
2.35 %
|
2.38 %
|
Source: Bank of Canada
Total New Housing Starts (Seasonally adjusted and annualized)
|
Province
|
July
2011
|
July
2010
|
August
2011
|
August
2010
|
September
2011
|
September
2010
|
|
Newfoundland/Labrador
|
4,000
|
3,300
|
3,200
|
3,400
|
3,500
|
3,200
|
|
PEI
|
1,200
|
800
|
900
|
1,000
|
1,300
|
600
|
|
Nova Scotia
|
6,000
|
5,800
|
4,100
|
3,300
|
6,100
|
4,200
|
|
New Brunswick
|
6,400
|
6,100
|
2,700
|
5,100
|
5,000
|
2,600
|
|
Quebec
|
48,200
|
52,900
|
43,900
|
48,700
|
57,800
|
52,300
|
|
Ontario
|
77,300
|
53,200
|
68,000
|
64,400
|
65,600
|
57,900
|
|
Manitoba
|
9,100
|
9,700
|
5,800
|
6,300
|
4,500
|
4,400
|
|
Saskatchewan
|
6,800
|
5,300
|
7,300
|
7,600
|
9,100
|
5,500
|
|
Alberta
|
25,600
|
29,200
|
31,200
|
23,500
|
24,900
|
27,800
|
|
British Columbia
|
29,400
|
22,800
|
25,300
|
27,400
|
29,800
|
29,900
|
|
CANADA
|
214,000
|
189,100
|
192,400
|
190,900
|
207,600
|
188,400
|
Source: CMHC Housing Now - October 2011 and October 2010. This seasonally adjusted data goes through stages of revision at different times of the year.
Average MLS® Resale Price for Local Markets
|
City
|
September 2010
|
September 2011
|
|
Halifax
|
$ 240,092
|
$ 253,575
|
|
Saint John
|
$ 172,963
|
$ 169,290
|
|
Quebec
|
$ 247,184
|
$ 247,060
|
|
Montreal
|
$ 331,213
|
$ 352,581
|
|
Ottawa
|
$ 324,841
|
$ 337,109
|
|
Toronto
|
$ 427,269
|
$ 465,369
|
|
Hamilton/Burlington
|
$ 316,556
|
$ 352,581
|
|
Winnipeg
|
$ 222,598
|
$ 237,421
|
|
Saskatoon
|
$ 312,582
|
$ 311,057
|
|
Regina
|
$ 240,667
|
$ 272,295
|
|
Calgary
|
$ 401,080
|
$ 406,252
|
|
Edmonton
|
$ 325,060
|
$ 332,782
|
|
Vancouver
|
$ 679,381
|
$ 751,042
|
|
Victoria
|
$ 485,459
|
$ 493,522
|
Source: Canadian Real Estate Association
Quarterly House Price Survey
Source: Royal LePage, October 2011
|
|
|
|
