November 2009
Welcome to the November issue of CAAMP Stats.
For further information visit www.caamp.org
Bank of Canada Interest Rate
| September 10, 2009 | 0.25% |
| October 20, 2009 | 0.25%* |
| December 8, 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
| September 11, 2009 | 2.25% |
| October 21, 2009 | 2.25% |
| December 9, 2009 | Next meeting date |
Source: Bank of Canada
US Federal Reserve Board Discount Rate
| August 11, 2009 | 0.00% – 0.25% |
| September 22, 2009 | 0.00% – 0.25% |
| November 4, 2009 | Next meeting date |
Source: US Federal Reserve
Exchange Rate $CDN($US)
| September 30, 2009 | .9340 $CDN($US) |
| October 16, 2009 | .9646 $CDN($US) |
| October 30, 2009 | .9243 $CDN($US) |
Source: Bank of Canada
Government of Canada Bonds
| Bond Type | September 30, 2009 | October 14, 2009 | October 28, 2009 |
| 1 year Treasury Bill | 0.57% | 0.68% | 0.60% |
| 3 year Benchmark Bond Yield |
1.89% | 2.15% | 1.90% |
| 5 year Benchmark Bond Yield |
2.57% | 2.86% | 2.70% |
| 10 year Benchmark Bond Yield |
3.31% | 3.52% | 3.45% |
Source: Bank of Canada
Total New Housing Starts (Seasonable adjusted and annualized)
| Province | July 2009 |
July 2008 |
August 2009 |
August 2008 |
September 2009 |
September 2008 |
| Newfoundland/Labrador | 2,900 | 1,800 | 2,400 | 3,100 | 2,800 | 3,200 |
| PEI | 600 | 400 | 1,000 | 700 | 700 | 500 |
| Nova Scotia | 3,300 | 3,400 | 4,200 | 3,300 | 4,500 | 4,400 |
| New Brunswick | 3,800 | 3,200 | 3,700 | 3,800 | 2,900 | 4,500 |
| Quebec | 46,200 | 43,900 | 47,300 | 43,300 | 41,300 | 70,100 |
| Ontario | 39,100 | 59,200 | 44,200 | 89,800 | 50,200 | 84,200 |
| Manitoba | 4,000 | 3,400 | 5,000 | 5,400 | 4,400 | 5,600 |
| Saskatchewan | 3,600 | 4,700 | 5,100 | 5,300 | 3,700 | 6,400 |
| Alberta | 17,600 | 29,000 | 18,400 | 22,900 | 22,600 | 57,300 |
| British Columbia | 13,100 | 37,300 | 19,200 | 35,500 | 16,200 | 43,900 |
| Canada | 134,200 | 186,500 | 150,500 | 211,100 | 149,300 | 281,300 |
Source: CMHC Housing Now – October 2009 and October 2008.
This seasonally adjusted data goes through stages of revision at different times of the year.
Average MLS resale price for local markets
| City | September 2008 | September 2009 |
| Halifax | $239,740 | $234,150 |
| Saint John, NB | $159,979 | $176,997 |
| Montreal | $263,308 | $284,882 |
| Ottawa | $289,711 | $305,628 |
| Toronto | $368,945 | $406,945 |
| Hamilton/Burlington | $282,719 | $304,670 |
| Winnipeg | $191,179 | $209,593 |
| Saskatoon | $297,836 | $279,457 |
| Calgary | $390,599 | $394,835 |
| Edmonton | $327,235 | $324,906 |
| Vancouver | $535,598 | $610,576 |
| Victoria | $477,421 | $502,208 |
Source: Canadian Real Estate Association
Royal LePage Q3 House Price Survey
| Standard Condominium | ||||
| Market | Q3 2009 Average | Last Quarter Avg | Q3 2008 Average | Condo % Change |
| Halifax | 191,000 | 164,000 | 165,500 | 15.4% |
| Charlottetown | 120,000 | 120,000 | 120,000 | 0.0% |
| Moncton | ||||
| Fredericton | 145,000 | 140,000 | 128,000 | 13.3% |
| Saint John | 126,000 | 126,000 | 104,575 | 20.5% |
| St. John's | 230,000 | 215,333 | 203,000 | 13.3% |
| Montreal | 213,278 | 209,311 | 204,336 | 4.4% |
| Ottawa | 213,583 | 211,750 | 206,417 | 3.5% |
| Toronto | 300,526 | 296,039 | 309,711 | -3.0% |
| Winnipeg | 145,614 | 143,700 | 134,533 | 8.2% |
| Regina | 185,000 | 180,375 | 196,000 | -5.6% |
| Saskatoon | 210,000 | 202,500 | 211,250 | -0.6% |
| Calgary | 249,500 | 252,344 | 269,156 | -7.3% |
| Edmonton | 213,250 | 203,833 | 216,667 | -1.6% |
| Vancouver | 445,500 | 424,000 | 442,250 | 0.7% |
| Victoria | 275,000 | 275,000 | 282,000 | -2.5% |
| National | 243,748 | 234,444 | 243,529 | 0.09% |
| Standard Two-Storey | ||||
| Market | Q3 2009 Average | Last Quarter Avg | Q3 2008 | 2 Storey % Change |
| Halifax | 265,333 | 277,333 | 255,333 | 3.9% |
| Charlottetown | 190,000 | 190,000 | 185,000 | 2.7% |
| Moncton | 137,000 | 134,200 | 131,500 | 4.2% |
| Fredericton | 205,000 | 210,000 | 210,000 | -2.4% |
| Saint John | 237,905 | 240,889 | 291,788 | -18.5% |
| St. John's | 296,667 | 276,000 | 261,800 | 13.3% |
| Montreal | 343,480 | 337,872 | 336,381 | 2.1% |
| Ottawa | 327,833 | 325,417 | 317,500 | 3.3% |
| Toronto | 561,725 | 544,785 | 555,950 | 1.0% |
| Winnipeg | 265,938 | 265,050 | 253,388 | 5.0% |
| Regina | 251,500 | 245,000 | 259,000 | -2.9% |
| Saskatoon | 340,750 | 337,250 | 358,250 | -4.9% |
| Calgary | 414,556 | 400,167 | 435,211 | -4.7% |
| Edmonton | 327,429 | 328,571 | 342,857 | -4.5% |
| Vancouver | 904,750 | 846,000 | 926,250 | -2.3% |
| Victoria | 449,000 | 446,000 | 465,000 | -3.4% |
| National | 409,335 | 387,962 | 408,927 | 0.1% |