Mortgage Architects™

The Greg Nowik Team

Mortgage Planning since 1989

Serving the Lower Mainland: 604-878-0877
Serving Vancouver Island: 250-758-5524
Toll Free: 1-866-958-5524

Home | Privacy | Contact




Send Me an Email


read more testimonials

submit a testimonial





April 2009 CAAMP Statistics


Bank of Canada Interest Rate

January 20, 2009

1.00%

March 3, 2009

0.50%

April  21, 2009

Next meeting date

Source: Bank of Canada

Bank Prime Lending Rate

January 21, 2009 3.00%
March 4, 2009 2.50%
April 22, 2009 Next meeting date
Source: Bank of Canada
 

US Federal Reserve Board Discount Rate

January 28, 2009 0.00-0.25%
March 16,2009 0.00–0.25%
April 29, 2009 Next meeting date
Source: US Federal Reserve

Government of Canada Bonds
Bond Type
February 25, 2009
March 11, 2009
March 25, 2009
1 Year Treasury Bill
0.80%
0.58%
0.61%
3 Year Benchmark Bond Yield
1.72%
1.43%
1.51%
5 Year Benchmark Bond Yield
2.11%
1.88%
1.95%
10 Year Benchmark Bond Yield
2.95%
2.92%
2.96%
Source: Bank of Canada

Total New Housing Starts (Seasonable adjusted and annualized)
Province
December 2008
December
2007

January
2009

January
2008
February 2009
February
2008
Newfoundland/Labrador
4,000
2,900
3,600
2,400
2,800
2,900
PEI
900
600
600
500
600
1,000
Nova Scotia
3,000
4,400
2,800
3,300
4,600
4,400
New Brunswick
3,000
4,500
3,800
4,500
3,600
3,600
Quebec
44,000
39,200
45,300
47,900
38,200
57,600
Ontario
63,100
51,700
54,700
72,700
47,300
83,800
Manitoba
6,400
4,600
3,600
5,800
4,100
5,200
Saskatchewan
4,700
5,000
3,800
6,000
4,000
5,700
Alberta
20,000
37,900
17,200
41,700
13,100
38,700
British Columbia
23,100
33,900
18,100
38,900
16,400
54,100
CANADA
172,200
184,700
153,500
222,700
134,700
256,900
Source: CMHC Housing Now – March 2009 and March 2008. This seasonally adjusted data goes through stages of revision at different times of the year.

Average MLS resale price for local markets

City
February 2008
February 2009
Halifax
$223,579
$229,660
Montreal
$244,993
$250,461
Ottawa
$283,199
$273,991
Toronto
$382,048
$361,361
Hamilton/Burlington
$276,279
$265,452
Winnipeg
$183,665
$194,588
Saskatoon
$264,270
$281,681
Calgary
$415,017
$370,198
Edmonton
$338,347
$308,347
Vancouver
$623,517
$542,641
Victoria
$487,696
$442,592
Source: Canadian Real Estate Association



 Return to News Articles

 
Mortgage Website by Roar Solutions Inc.    Tellem Email Marketing