Catherine Wong Bourbeau AMP
Agent # M08003033 - Mortgage Planner
416-236-9300 ext. 22
June 2011 ... CAAMP Statistics
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
Bank Prime Lending Rate
|
April 13, 2011 |
3.00 % |
|
June 1, 2011 |
3.00 % |
|
July 20, 2011 |
Next meeting date |
Source: Bank of Canada
Conventional Mortgage - 5 Year Rate*
|
April 11, 2011 |
5.69 % |
|
May 18, 2011 |
5.69 % |
|
May 29, 2011 |
5.59 % |
Source: Bank of Canada
*Determinant for high ratio mortgage variable qualifying rate
US Federal Reserve Board Discount Rate
|
March 15, 2011 |
0.00 % - 0.25 % |
|
April 27, 2011 |
0.00 % - 0.25 % |
|
June 22, 2011 |
Next meeting date |
Source: US Federal Reserve
Exchange Rate $CDN($US)
|
April 28, 2011 |
1.0515 |
|
May 13, 2011 |
1.0323 |
|
June 1, 2011 |
1.0249 |
Source: Bank of Canada
Government of Canada Bonds
|
Bond Type |
April 27, 2011 |
May 11, 2011 |
May 25, 2011 |
|
1 year Treasury Bill |
1.43 % |
1.38 % |
1.27 % |
|
3 year Benchmark |
2.11 % |
2.03 % |
1.91 % |
|
5 year Benchmark |
2.65 % |
2.54 % |
2.40 % |
|
10 year Benchmark |
3.27 % |
3.22 % |
3.08 % |
Source: Bank of Canada
Total New Housing Starts (Seasonally adjusted and annualized)
|
Province |
February |
February |
March |
March |
April |
April |
|
Newfoundland/Labrador |
3,100 |
3,600 |
4,200 |
6,100 |
2,300 |
3,100 |
|
PEI |
500 |
400 |
600 |
300 |
700 |
400 |
|
Nova Scotia |
4,100 |
5,400 |
3,200 |
4,200 |
3,900 |
3,600 |
|
New Brunswick |
1,000 |
2,400 |
1,300 |
3,700 |
2,600 |
3,600 |
|
Quebec |
42,800 |
47,800 |
50,400 |
55,600 |
44,900 |
53,700 |
|
Ontario |
66,200 |
70,100 |
74,800 |
63,200 |
68,100 |
64,700 |
|
Manitoba |
5,400 |
4,900 |
4,100 |
3,900 |
4,800 |
3,400 |
|
Saskatchewan |
9,300 |
4,600 |
5,300 |
4,000 |
6,000 |
4,200 |
|
Alberta |
22,400 |
27,300 |
20,800 |
34,900 |
21,100 |
35,700 |
|
British Columbia |
25,600 |
30,100 |
20,000 |
25,000 |
24,600 |
28,300 |
|
CANADA |
180,400 |
196,600 |
184,700 |
200,900 |
179,000 |
200,700 |
Source: CMHC Housing Now - May 2011 and May 2010. This seasonally adjusted data goes through stages of revision at different times of the year.
Average MLS® Resale Price for Local Markets
|
April 2011 |
April 2010 | |
|
Halifax |
$ 263,269 |
$ 247,168 |
|
Saint John |
$ 183,992 |
$ 166,836 |
|
Quebec |
$ 251,791 |
$ 232,245 |
|
Montreal |
$ 312,624 |
$ 293,310 |
|
Ottawa |
$ 352,029 |
$ 333,854 |
|
Toronto |
$ 477,406 |
$ 437,566 |
|
Hamilton/Burlington |
$ 339,573 |
$ 317,909 |
|
Winnipeg |
$ 240,655 |
$ 236,574 |
|
Saskatoon |
$ 315,866 |
$ 299,214 |
|
Regina |
$ 269,061 |
$ 256,871 |
|
Calgary |
$ 411,875 |
$ 395,847 |
|
Edmonton |
$ 327,805 |
$ 339,712 |
|
Vancouver |
$ 815,252 |
$ 673,579 |
|
Victoria |
$ 508,005 |
$ 518,536 |
Source: Canadian Real Estate Association
Quarterly Housing Affordability Index
Standard Two-Story
|
Region |
Average Price |
Qualifying |
| ||||
|
Q1 2011 |
Y/Y |
Q1 2011 |
Q/Q |
Y/Y |
Avg. since | ||
|
Canada* |
383,200 |
4.2 |
84,500 |
46.2 |
0.2 |
-0.9 |
43.6 |
|
British Columbia |
653,700 |
5.5 |
126,900 |
67.9 |
1.2 |
-0.7 |
54.1 |
|
Alberta |
363,000 |
-3.0 |
80,800 |
34.2 |
-0.2 |
-3.7 |
39.0 |
|
Saskatchewan |
321,200 |
-0.2 |
73,900 |
39.4 |
-0.7 |
-2.7 |
37.9 |
|
Manitoba |
279,400 |
7.3 |
65,800 |
36.8 |
0.0 |
-0.2 |
37.7 |
|
Ontario |
396,900 |
2.9 |
90,500 |
44.6 |
-0.6 |
-0.8 |
44.2 |
|
Quebec |
282,300 |
10.0 |
64,800 |
43.2 |
1.3 |
0.7 |
39.1 |
|
Atlantic |
230,900 |
4.7 |
58,300 |
37.1 |
0.7 |
0.2 |
38.5 |
|
Toronto |
566,700 |
1.8 |
120,700 |
55.6 |
-0.9 |
-1.9 |
54.0 |
|
Montreal |
365,800 |
12.7 |
80,500 |
53.7 |
2.8 |
2.0 |
42.1 |
|
Vancouver |
821,900 |
7.7 |
156,000 |
80.4 |
2.5 |
0.6 |
62.6 |
|
Ottawa |
371,200 |
9.5 |
88,800 |
40.9 |
0.4 |
1.1 |
39.3 |
|
Calgary |
410,900 |
-4.9 |
87,000 |
36.8 |
-0.2 |
-4.8 |
40.9 |
|
Edmonton |
367,700 |
0.0 |
82,600 |
35.8 |
0.4 |
-2.9 |
37.3 |
Detached Bungalow
|
Region |
Average Price |
Qualifying |
| ||||
|
Q1 2011 |
Y/Y |
Q1 2011 |
Q/Q |
Y/Y |
Avg. since | ||
|
Canada* |
338,700 |
4.3 |
74,100 |
40.5 |
0.7 |
-0.8 |
39.2 |
|
British Columbia |
578,300 |
3.0 |
112,400 |
60.2 |
1.8 |
-1.9 |
48.8 |
|
Alberta |
339,500 |
0.3 |
73,900 |
31.3 |
0.4 |
-2.6 |
36.4 |
|
Saskatchewan |
311,100 |
1.7 |
69,500 |
37.1 |
-0.7 |
-2.0 |
36.5 |
|
Manitoba |
256,800 |
3.8 |
61,000 |
34.1 |
0.1 |
-1.0 |
36.8 |
|
Ontario |
352,500 |
4.9 |
79,700 |
39.3 |
0.5 |
-0.2 |
40.6 |
|
Quebec |
232,200 |
7.4 |
53,300 |
35.6 |
1.1 |
0.1 |
33.1 |
|
Atlantic |
206,900 |
6.2 |
50,700 |
32.2 |
0.9 |
0.4 |
32.0 |
|
Toronto |
486,900 |
4.0 |
103,000 |
47.5 |
0.8 |
-0.7 |
48.6 |
|
Montreal |
290,700 |
12.3 |
64,600 |
43.1 |
2.0 |
1.5 |
37.1 |
|
Vancouver |
736,000 |
6.3 |
139,900 |
72.1 |
3.4 |
-0.3 |
57.3 |
|
Ottawa |
364,300 |
9.4 |
84,500 |
39.0 |
0.4 |
1.1 |
36.9 |
|
Calgary |
413,400 |
-1.4 |
85,000 |
35.9 |
0.9 |
-3.6 |
40.3 |
|
Edmonton |
325,400 |
4.5 |
72,600 |
31.5 |
0.5 |
-1.4 |
34.1 |
Source: RBC Quarterly Housing Affordability Index, May 2011
Our standard RBC Housing Affordability Measure captures the proportion of median pre-tax household income requried to service the cost of a mortage on an existing housing unit at going market prices, including principal and interest, property taxes and utilities; the modified measureused here includes the cost of servicing a mortgage, but excludes property taxes and utilities due to data constraint in the smaller CMAs. This meaure is based on a 25% down payment, a 25-year mortgage loan at a five-year fixed rate and is estimated on a quarterly basis. The higher measure, the more difficult it is to afford a house.
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