August 2009
Welcome to the August issue of CAAMP Stats.
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Bank of Canada Interest Rate
| June 4, 2009 | 0.25% |
| July 21, 2009 | 0.25%* |
| September 10, 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
| June 5, 2009 | 2.25% |
| July 22, 2009 | 2.25% |
| September 11, 2009 | Next meeting date |
Source: Bank of Canada
US Federal Reserve Board Discount Rate
| April 29, 2009 | 0.00% – 0.25% |
| June 24, 2009 | 0.00% – 0.25% |
| August 11, 2009 | Next meeting date |
Source: US Federal Reserve
Exchange Rate $CDN($US)
| June 26, 2009 | .8664 $CDN($US) |
| July 17, 2009 | .8960 $CDN($US) |
| July 31, 2009 | .9281 $CDN($US) |
Source: Bank of Canada
Government of Canada Bonds
| Bond Type | June 24, 2009 | July 15, 2009 | July 29, 2009 |
| 1 year Treasury Bill | 0.55% | 0.59% | 0.59% |
| 3 year Benchmark Bond Yield |
1.89% | 1.89% | 1.94% |
| 5 year Benchmark Bond Yield |
2.57% | 2.57% | 2.66% |
| 10 year Benchmark Bond Yield |
3.45% | 3.49% | 3.53% |
Source: Bank of Canada
Total New Housing Starts (Seasonable adjusted and annualized)
| Province | April 2009 | April 2008 | May 2009 |
May 2008 |
June 2009 | June 2008 |
| Newfoundland/Labrador | 2,700 | 1,900 | 2,800 | 2,900 | 2,900 | 2,800 |
| PEI | 500 | 800 | 800 | 700 | 1,000 | 600 |
| Nova Scotia | 2,400 | 4,700 | 2,900 | 3,800 | 2,700 | 3,900 |
| New Brunswick | 4,000 | 3,800 | 3,700 | 5,100 | 3,300 | 4,600 |
| Quebec | 39,200 | 43,800 | 40,100 | 50,300 | 37,900 | 46,500 |
| Ontario | 37,400 | 76,700 | 44,500 | 71,200 | 45,800 | 82,000 |
| Manitoba | 3,500 | 6,000 | 3,700 | 7,200 | 5,000 | 5,500 |
| Saskatchewan | 2,200 | 5,200 | 3,000 | 6,500 | 5,100 | 10,800 |
| Alberta | 14,200 | 33,600 | 14,200 | 35,500 | 20,000 | 23,600 |
| British Columbia | 12,400 | 37,500 | 11,700 | 38,000 | 14,100 | 35,600 |
| Canada | 118,500 | 213,900 | 127,400 | 221,300 | 137,800 | 215,900 |
Source: CMHC Housing Now – July 2009 and July 2008.
This seasonally adjusted data goes through stages of revision at different times of the year.
Average MLS resale price for local markets
| City | June 2008 | June 2009 |
| Halifax | $235,312 | $240,093 |
| Saint John, NB | $170,199 | $172,731 |
| Montréal | $269,257 | $275,578 |
| Ottawa | $298,336 | $307,793 |
| Toronto | $395,918 | $403,918 |
| Hamilton/Burlington | $287,249 | $297,117 |
| Winnipeg | $206,327 | $212,542 |
| Saskatoon | $310,386 | $276,867 |
| Calgary | $418,866 | $392,601 |
| Edmonton | $341,376 | $328,285 |
| Vancouver | $611,613 | $575,949 |
| Victoria | $476,639 | $476,686 |
Source: Canadian Real Estate Association
Quarterly Housing Price Survey
| Detached Bungalows | Standard Two Storey | |||||||
| Market | Q2 2009 Average | Last Quarter Average | Q2 2008 Average | Bungalow w % Change | Q2 2009 Average | Last Quarter Average | Q2 2008 Average | 2 Storey % Change |
| Halifax | 235,333 | 215,667 | 233,000 | 1.0% | 277,333 | 262,333 | 275,000 | 0.8% |
| Charlottetown | 160,000 | 157,000 | 156,000 | 2.6% | 190,000 | 188,000 | 185,000 | 2.7% |
| Moncton | 158,000 | 156,000 | 164,000 | -3.7% | 134,200 | 134,500 | 132,000 | 1.7% |
| Fredericton | 172,000 | 167,000 | 162,000 | 6.2% | 210,000 | 210,000 | 197,000 | 6.6% |
| Saint John | 187,681 | 201,476 | 202,364 | -7.3% | 240,889 | 268,000 | 285,179 | -15.5% |
| Saint John's | 200,000 | 193,000 | 181,000 | 10.5% | 276,000 | 267,000 | 249,333 | 10.7% |
| Atlantic | 198,368 | 190,748 | 192,636 | 3.0% | 198,368 | 190,748 | 192,636 | 3.0% |
| Montreal | 236,148 | 232,375 | 234,352 | 0.8% | 337,872 | 330,056 | 336,443 | 0.4% |
| Ottawa | 325,417 | 317,500 | 316,167 | 2.9% | 325,417 | 318,500 | 315,750 | 3.1% |
| Toronto | 416,179 | 405,286 | 434,282 | -4.2% | 544,785 | 516,052 | 562,478 | -3.1% |
| Winnipeg | 237,750 | 231,663 | 233,800 | 1.7% | 262,914 | 251,721 | 257,800 | 2.0% |
| Regina | 272,900 | 266,625 | 278,850 | -2.1% | 245,000 | 245,000 | 254,000 | -3.5% |
| Saskatoon | 312,250 | 312,500 | 340,375 | -8.3% | 337,250 | 348,500 | 388,000 | -13.1% |
| Calgary | 401,600 | 391,833 | 438,122 | -8.3% | 400,167 | 390,689 | 437,744 | -8.6% |
| Edmonton | 302,143 | 297,857 | 320,000 | -5.6% | 328,571 | 322,979 | 348,571 | -5.7% |
| Vancouver | 760,000 | 743,750 | 839,500 | -9.5% | 846,000 | 828,750 | 943,000 | -10.3% |
| Victoria | 466,000 | 453,000 | 450,000 | 3.6% | 446,000 | 435,000 | 470,000 | -5.1% |
| National | 327,964 | 319,865 | 339,879 | -3.5% | 392,378 | 379,708 | 407,374 | -3.7% |
Source: Royal LePage, Second Quarter, 2009 House Price Survey, July 2009