October 2009
Welcome to the October issue of CAAMP Stats.
For more information about CAAMP,visitwww.caamp.org
Bank of Canada Interest Rate
| July 21, 2009 | 0.25% |
| September 10, 2009 | 0.25%* |
| October 20, 2009 | Next meeting date |
Source: Bank of Canada
*Bank of Canada statement included reference to hold rate to end of second quarter 2010
Bank Prime Lending Rate
| July 22, 2009 | 2.25% |
| September11, 2009 | 2.25% |
| October 21, 2009 | Next meeting date |
Source: Bank of Canada
US Federal Reserve Board Discount Rate
| August 11, 2009 | 0.00% ñ 0.25% |
| September 22, 2009 | 0.00% ñ 0.25% |
| November 4, 2009 | Next meeting date |
Source: US Federal Reserve
Exchange Rate $CDN($US)
| August 28, 2009 | .9132 $CDN($US) |
| September 18, 2009 | .9348 $CDN($US) |
| September 30, 2009 | .9340 $CDN($US) |
Source: Bank of Canada
Government of Canada Bonds
| Bond Type | August 26, 2009 |
September 16, 2009 | September 30, 2009 |
| 1 year Treasury Bill | 0.53% | 0.50% | 0.57% |
| 3 year Benchmark Bond Yield |
1.79% | 1.94% | 1.89% |
| 5 year Benchmark Bond Yield |
2.65% | 2.62% | 2.57% |
| 10 year Benchmark Bond Yield |
3.39% | 3.38% | 3.31% |
Source: Bank of Canada
Total New Housing Starts (Seasonable adjusted and annualized)
| Province | June 2009 |
June 2008 |
July 2009 |
July 2008 |
August 2009 |
August 2008 |
| Newfoundland/Labrador | 2,900 | 2,800 | 2,900 | 1,800 | 2,400 | 3,100 |
| PEI | 1,000 | 600 | 600 | 400 | 1,000 | 700 |
| Nova Scotia | 2,700 | 3,900 | 3,300 | 3,400 | 4,200 | 3,300 |
| New Brunswick | 3,300 | 4,600 | 3,800 | 3,200 | 3,700 | 3,800 |
| Quebec | 37,900 | 46,500 | 46,200 | 43,900 | 47,300 | 43,300 |
| Ontario | 45,800 | 82,000 | 39,100 | 59,200 | 44,200 | 89,800 |
| Manitoba | 5,000 | 5,500 | 4,000 | 3,400 | 5,000 | 5,400 |
| Saskatchewan | 5,100 | 10,800 | 3,600 | 4,700 | 5,100 | 5,300 |
| Alberta | 20,000 | 23,600 | 17,600 | 29,000 | 18,400 | 22,900 |
| British Columbia | 14,100 | 35,600 | 13,100 | 37,300 | 19,200 | 33,500 |
| Canada | 137,800 | 215,900 | 134,200 | 186,500 | 150,500 | 211,100 |
Source: CMHC Housing Now - September 2009 and September 2008.
This seasonally adjusted data goes through stages of revision at different times of the year.
Average MLS resale price for local markets
| City | August 2008 | August 2009 |
| Halifax | $222,180 | $231,203 |
| Saint John, NB | $158,669 | $166,117 |
| MontrÈal | $263,165 | $276,243 |
| Ottawa | $282,792 | $312,176 |
| Toronto | $364,880 | $387,899 |
| Hamilton/Burlington | $283,974 | $291,374 |
| Winnipeg | $190,979 | $207,389 |
| Saskatoon | $279,366 | $281,871 |
| Calgary | $390,091 | $388,725 |
| Edmonton | $329,207 | $318,321 |
| Vancouver | $557,114 | $608,032 |
| Victoria | $452,205 | $481,279 |
Source: Canadian Real Estate Association
Source: Canadian Real Estate Association