Caamp Stats

Here is some great stas and a snapshot of the markets across Canada. Welcome to the August issue of CAAMP Stats. For more information on CAAMP please visit www.caamp.org. JUMP TO A SECTION: Bank of Canada Interest Rate Government of Canada Bonds Bank Prime Lending Rate Total New Housing Starts Conventional Mortgage - 5 Year Rate Average MLS® Resale Price for Local Markets US Federal Reserve Board Discount Rate Bank of Canada Interest Rate May 29, 2013 1.00 % July 17, 2013 1.00 % September 4, 2013 Next meeting date Source: Bank of Canada Top of Page ________________________________________ Bank Prime Lending Rate May 30, 2013 3.00 % Jul 18, 2013 3.00 % September 5, 2013 Next meeting date Source: Bank of Canada Top of Page ________________________________________ Conventional Mortgage - 5 Year Rate* May 22, 2013 5.14 % June 26, 2013 5.14 % July 31, 2013 5.14 % Source: Bank of Canada *Determinant for high ratio mortgage variable qualifying rate Top of Page ________________________________________ US Federal Reserve Board Discount Rate* June 19, 2013 0.00 % - 0.25 % July 31, 2013 0.00 % - 0.25 % September 18, 2013 Next meeting date Source: US Federal Reserve *US Federal Reserve has indicated it will now keep this rate until unemployment reaches 6.5% Top of Page ________________________________________ Exchange Rate $CDN($US) June 28, 2013 0.9525 July 17, 2013 0.9602 July 31, 2013 0.9735 Source: Bank of Canada Top of Page ________________________________________ Government of Canada Bonds Bond Type July 3, 2013 July 17, 2013 July 31, 2013 1 year Treasury Bill 1.12% 1.09% 1.13% 3 year Benchmark Bond Yield 1.32% 1.18% 1.27% 5 year Benchmark Bond Yield 1.77% 1.66% 1.74% 10 year Benchmark Bond Yield 2.42% 2.37% 2.45% Source: Bank of Canada Top of Page ________________________________________ Total New Housing Starts (Seasonally adjusted and annualized) Province April 2013 April 2012 May 2013 May 2012 June 2013 June 2012 Newfoundland/Labrador 2,800 4,100 3,100 3,500 3,200 4,700 PEI 400 1,100 1,000 700 900 1,300 Nova Scotia 2,200 2,500 5,200 3,700 2,800 4,100 New Brunswick 1,000 2,300 3,700 4,100 4,600 5,400 Quebec 41,300 62,800 38,700 43,700 35,800 48,100 Ontario 48,400 97,600 70,300 79,600 62,300 73,300 Manitoba 9,200 4,800 5,300 10,500 7,400 5,000 Saskatchewan 6,600 8,500 7,600 5,700 8,500 10,800 Alberta 39,800 37,300 42,500 31,400 38,100 33,500 British Columbia 23,700 23,800 22,000 28,500 30,500 36,500 CANADA 175,300 244,800 199,400 211,400 194,100 222,700 Source: CMHC Housing Now - July 2012 and July 2013. This seasonally adjusted data goes through stages of revision at different times of the year. Top of Page ________________________________________ Average MLS® Resale Price for Local Markets City June 2012 June 2013 Halifax $ 272,495 $ 272,477 Saint John, NB $ 163,468 $ 189,614 Quebec $ 263,965 $ 272,008 Montreal $ 330,412 $ 329,512 Ottawa $ 354,690 $ 359,512 Toronto $ 508,622 $ 531,374 Hamilton/Burlington $ 363,162 $ 390,572 Winnipeg $ 257,095 $ 274,121 Saskatoon $ 287,355 $ 335,046 Regina $ 312,241 $ 311,471 Calgary $ 422,139 $ 442,529 Edmonton $ 340,391 $ 353,360 Vancouver $ 701,141 $ 762,861 Victoria $ 486,611 $ 507,900 Source: Canadian Real Estate Association Top of Page Canadian Housing Price Survey Detached Bugalows Standard Two Storey Source: Royal LePage , July 2013