Mortgage Architects™

The Greg Nowik Team

Mortgage Planning since 1989

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Serving Vancouver Island: 250-758-5524
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July 2010...CAAMP Statistics

Bank of Canada Interest Rate

April 20, 2010

0.25 %

June 1, 2010

0.50 %

July 20, 2010

Next meeting date

Bank Prime Lending Rate

April 21, 2010

2.25 %

June 2, 2010

2.50 %

July 21, 2010

Next meeting date

Source: Bank of Canada

Conventional Mortgage - 5 Year Rate*

May 12, 2010

6.10 %

June 16, 2010

5.99 %

July 5, 2010

5.89 %

Source: Bank of Canada
*Determinant for high ratio mortgage variable qualifying rate


US Federal Reserve Board Discount Rate

April 28, 2010

0.00 % - 0.25 %

June 23, 2010

0.00 % - 0.25 %

August 10, 2010

Next Meeting date

Source: US Federal Reserve

Exchange Rate $CDN($US)

May 31, 2010

0.9583

June 11, 2010

0.9673

June 30, 2010

0.9393

Government of Canada Bonds

Bond Type

May 26, 2010

June 9, 2010

June 23, 2010

1 year Treasury Bill

1.02%

1.19%

1.17%

3 year Benchmark
Bond Yield

2.00%

2.10%

1.99%

5 year Benchmark
Bond Yield

2.55%

2.65%

2.53%

10 year Benchmark
Bond Yield

3.25%

3.35%

3.23%

Source: Bank of Canada

Total New Housing Starts (Seasonally adjusted and annualized)

Province

March
2010

March
2009

April
2010

April
2009

May
2010

May
2009

Newfoundland/Labrador

6,000

3,300

3,100

2,800

3,700

2,700

PEI

300

400

400

500

1,400

800

Nova Scotia

3,900

3,800

3,600

2,500

4,900

3,000

New Brunswick

3,700

3,400

3,600

4,200

4,900

4,000

Quebec

55,300

43,600

53,700

41,100

48,700

42,200

Ontario

63,200

62,600

64,700

36,300

64,600

43,800

Manitoba

3,800

3,500

3,400

3,100

4,400

3,300

Saskatchewan

4,000

2,100

4,200

2,900

4,300

4,900

Alberta

34,100

11,900

35,700

12,400

27,300

12,400

British Columbia

24,900

11,900

28,300

11,700

24,900

11,200

CANADA

199,200

146,500

200,700

117,600

189,100

128,400

Source: CMHC Housing Now - June 2010 and June 2009. This seasonally adjusted data goes through stages of revision at different times of the the year.

Average MLS® Resale Price for Local Markets

City

May 2009

May 2010

Halifax

$248,209

$264,539

Saint John

$188,500

$173,872

Quebec

$212,241

$238,594

Montreal

$273,390

$300,807

Ottawa

$312,927

$334,360

Toronto

$395,609

$446,593

Hamilton/Burlington

$297,132

$315,647

Winnipeg

$208,806

$237,697

Saskatoon

$279,477

$294,516

Calgary

$382,632

$417,978

Edmonton

$326,332

$340,723

Vancouver

$583,674

$661,745

Victoria

$482,119

$515,126

Source: Canadian Real Estate Association

MLS® Home Sale Prices

Year

Canada

BC

AB

MB/SK   

ON

QC

Atlantic

2007

$307,094

$439,119

$356,235

$171,609

$299,544

$207,530

$158,589

2008

$304,971

$454,599

$352,857

$205,036

$302,354

$215,307

$171,258

2009

$320,333

$465,725

$341,201

$216,012

$318,366

$225,412

$182,640

2010 YTD

$342,327

$495,471

$353,397

$226,918

$349,101

$239,890

$196,121

Year

Vancouver

Calgary

Toronto

Montreal

2007

$570,795

$414,066

$377,029

$229,902

2008

$593,767

$405,267

$379,943

n/a

2009

$592,441

$385,882

$396,154

n/a


Source: Scotia Economics, May 2010



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