Canadian Economic Statistics July 2011
Bank of Canada Interest Rate
April 12, 2011 1.00 %
May 31, 2011 1.00 %
July 19, 2011 Next meeting date
Source: Bank of Canada
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Bank Prime Lending Rate
April 13, 2011 3.00 %
June 1, 2011 3.00 %
July 20, 2011 Next meeting date
Source: Bank of Canada
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Conventional Mortgage - 5 Year Rate*
May 29, 2011 5.59 %
June 5, 2011 5.49 %
June 29, 2011 5.39 %
Source: Bank of Canada
*Determinant for high ratio mortgage variable qualifying rate
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US Federal Reserve Board Discount Rate
April 27, 2011 0.00 % - 0.25 %
June 22, 2011 0.00 % - 0.25 %
August 9, 2011 Next meeting date
Source: US Federal Reserve
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Exchange Rate $CDN($US)
June 1, 2011 1.024
June 16, 2011 1.021
June 29, 2011 1.033
Source: Bank of Canada
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Government of Canada Bonds
Bond Type May 25, 2011 June 8, 2011 June 22, 2011
1 year Treasury Bill 1.27 % 1.22 % 1.20 %
3 year BenchmarkBond Yield 1.91 % 1.73 % 1.80 %
5 year BenchmarkBond Yield 2.40 % 2.22 % 2.19 %
10 year BenchmarkBond Yield 3.08 % 3.01 % 2.97 %
Source: Bank of Canada
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Total New Housing Starts (Seasonally adjusted and annualized)
Province March
2011 March
2010 April
2011 April
2010 May
2011 May
2010
Newfoundland/Labrador 4,300 6,100 2,300 3,100 3,700 3,700
PEI 600 300 700 400 900 1,400
Nova Scotia 3,200 4,200 3,900 3,600 4,400 4,900
New Brunswick 1,300 3,700 2,500 3,600 3,400 4,900
Quebec 50,500 55,600 45,100 53,700 50,500 48,700
Ontario 74,400 63,200 67,600 64,700 53,000 64,600
Manitoba 4,100 3,900 4,800 3,400 6,300 4,400
Saskatchewan 5,200 4,000 5,900 4,200 5,200 4,300
Alberta 20,800 34,900 21,400 35,700 24,300 27,300
British Columbia 20,100 25,000 24,500 28,300 31,900 24,900
CANADA 184,500 200,900 178,700 200,700 183,600 189,100
Source: CMHC Housing Now - June 2011 and June 2010. This seasonally adjusted data goes through stages of revision at different times of the year.
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Average MLS® Resale Price for Local Markets
City May 2011 May 2010
Halifax $ 263,318 $ 264,539
Saint John $ 182,626 $ 173,872
Quebec $ 254,529 $ 238,703
Montreal $ 318,355 $ 300,369
Ottawa $ 353,046 $ 334,360
Toronto $ 485,520 $ 446,593
Hamilton/Burlington $ 339,573 $ 315,647
Winnipeg $ 248,548 $ 237,697
Saskatoon $ 317,932 $ 294,516
Regina $ 296,838 $ 252,053
Calgary $ 416,055 $ 417,978
Edmonton $ 331,537 $ 340,723
Vancouver $ 831,555 $ 661,745
Victoria $ 527,181 $ 515,126
Source: Canadian Real Estate Association
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Recreational Property Summary
2011 Recreational Property Price Summary
Average Price Range by Province**
Standard Waterfront, Land Access Cottage 1,000 sq feet, 3 bedrooms, 100 foot lot
PROVINCE AVERAGE PRICE RANGE 2011
Prince Edward Island $150,000
Nova Scotia $196,000
Newfoundland $100,000
New Brunswick $162,000
Quebec $250,000 - $1,000,000
Ontario $150,000 - $750,000
Manitoba $250,000 - $360,000
Saskatchewan $450,000 - $500,000
Alberta $350,000 - $400,000
British Columbia $330,000 - $1,000,000
NATIONAL AVERAGE $100,000 - $1,000,000
Source: Royal Lepage, May 2011
To Your Success! Jared Dreyer
604 649-5991
www.dreyergroup.ca
jared@dreyergroup.ca
________________________________________
About Dreyer Group Smiles
Dreyer Group Smiles is a program dedicated to giving to facilities that provide safe and transitional housing to children and youth in the Fraser Valley of British Columbia. By providing funds to these programs, Dreyer Group will make a meaningful difference to kids who otherwise may not have a roof over their heads, or hope for a bright future.
Dreyer Group hopes to expand this effort through their clients and business partners. In addition, they plan to raise additional funds through annual events and corporate fundraising initiatives. Dreyer Group is working closely with the Salvation Army to allocate these funds to the children and shelters.
About Dreyer Group Mortgages, A Member of the VERICO Brokers Network
As a senior mortgage consulting team with extensive experience in the financial services industry and thousands of happy clients throughout the Lower Mainland, we understand what it takes to build long-term relationships through service and expertise. As an independent brokerage, we are not restricted to one financial institutions mortgage options. We provide the best range of financing solutions by accessing over 40 lenders and hundreds of products coast-to-coast.
Each VERICO member is an independently owned and operated business.
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ABOUT JARED
Jared has built his business based on a passion and commitment for delivering exceptional client service. He has provided superior financing solutions to thousands of happy clients over the past 18 years.
As a Government Relations Committee Member of the Canadian Association of Accredited Mortgage Professionals (CAAMP), Board Member and Director of the Mortgage Broker Association of BC (MBABC) for the past 2 years, Chairing the Education and Public Relations Committee, Board Member of the VERICO National Advisory Council and Director of the Mortgage Brokers Institute of BC (MBIBC), Jared works diligently to accomplish positive change within the mortgage industry.
Jared also sits on the Board of the White Rock South Surrey Chamber of Commerce and is a member of the Vancouver Board of Trade.
A strong believer in community, Jared has been very active in setting up business partnership programs for local business as well as giving initiatives to children’s’ charities locally and throughout the Fraser Valley and Metro Vancouver.
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