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December 2010...CAAMP Statistics

Bank of Canada Interest Rate

September 8, 2010

1.00 %

October 19, 2010

1.00 %

December 7, 2010

Next meeting date

Source: Bank of Canada

Bank Prime Lending Rate

September 9, 2010

3.00 %

October 20, 2010

3.00 %

December 8, 2010

Next meeting date

Source: Bank of Canada

Conventional Mortgage - 5 Year Rate*

September 15, 2010

5.39 %

October 18, 2010

5.29 %

November 29, 2010

5.44 %

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


US Federal Reserve Board Discount Rate

September 21, 2010

0.00 % - 0.25 %

November 3, 2010

0.00 % - 0.25 %

December 14, 2010

Next Meeting date

Source: US Federal Reserve

Exchange Rate $CDN($US)

October 28, 2010

0.9790

November 10, 2010

1.0000

November 26, 2010

0.9804

Government of Canada Bonds

Bond Type

October 27, 2010

November 10, 2010

November 24, 2010

1 year Treasury Bill

1.21%

1.27%

1.39%

3 year Benchmark
Bond Yield

1.59%

1.73%

1.94%

5 year Benchmark
Bond Yield

2.06%

2.20%

2.48%

10 year Benchmark
Bond Yield

2.89%

2.98%

3.19%

Source: Bank of Canada

Total New Housing Starts (Seasonally adjusted and annualized)

Province

August
2010

August
2009

September
2010

September
2009

October
2010

October
2009

Newfoundland/Labrador

3,500

2,400

3,100

2,800

3,400

2,900

PEI

1,000

1,000

500

700

400

1,200

Nova Scotia

3,200

4,200

4,100

4,500

4,700

4,000

New Brunswick

5,100

3,700

2,400

2,900

4,900

3,600

Quebec

48,300

47,300

50,700

41,300

48,600

37,200

Ontario

64,800

44,200

58,000

50,200

44,700

57,600

Manitoba

6,100

5,000

4,000

4,400

3,800

4,200

Saskatchewan

7,700

5,100

5,400

3,700

4,700

3,600

Alberta

23,500

18,400

27,100

22,600

25,200

25,000

British Columbia

27,800

19,200

29,700

16,200

27,500

18,200

CANADA

191,000

150,500

185,000

149,300

167,900

157,400

Source: CMHC Housing Now - November 2010 and November 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

October 2009

October 2010

Halifax

$235,465

$248,678

Saint John

$178,632

$165,032

Quebec

$219,440

$246,918

Montreal

$285,100

$309,638

Ottawa

$320,561

$305,872

Toronto

$423,507

$443,633

Hamilton/Burlington

$296,253

$305,872

Winnipeg

$210,618

$229,467

Saskatoon

$274,759

$293,929

Calgary

$393,574

$399,679

Edmonton

$351,768

$317,096

Vancouver

$638,948

$707,207

Victoria

$481,500

$343,747

Source: Canadian Real Estate Association

Quarterly Housing Affordability Index

Standard Two-Storey

Average Price

RBC Housing Affordability Measure

Region

Q3 2010
($)

Y/Y
% ch.

Qualifying
Income ($)
Q3 2010

Q3 2010
(%)

Q/Q
Ppt. Ch.

Y/Y
Ppt. Ch.

Avg. since
'85 (%)

Canada

370,700

6.3

83,100

46.3

-2.5

0.3

43.3

British Columbia

624,800

8.0

124,500

67.5

-3.9

1.4

54.1

Alberta

365,600

0.1

81,400

35.6

-1.8

-2.0

38.6

Saskatchewan

315,300

5.1

74,100

40.8

-2.2

-1.1

38.0

Manitoba

269,700

7.8

65,000

37.1

-2.3

0.8

37.7

Ontario

388,200

6.2

89,800

44.9

-2.4

0.4

43.7

Quebec

262,100

8.6

61,700

41.7

-1.8

1.3

38.8

Atlantic

222,100

4.3

55,900

36.5

-1.4

0.1

38.0

Toronto

554,700

5.6

120,400

56.2

-3.8

0.1

53.4

Montreal

335,300

8.9

75,800

51.3

-1.7

1.7

41.7

Vancouver

766,300

8.4

149,400

78.1

-4.7

2.0

62.6

Ottawa

350,600

4.8

86,600

40.5

-2.5

0.0

39.1

Calgary

410,500

-1.0

86,700

37.9

-2.3

-2.6

40.3

Edmonton

362,500

1.2

82,500

37.0

-1.9

-1.6

37.0

Detached Bungalow

Average Price

RBC Housing Affordability Measure

Region

Q3 2010
($)

Y/Y
% ch.

Qualifying
Income ($)
Q3 2010

Q3 2010
(%)

Q/Q
Ppt. Ch.

Y/Y
Ppt. Ch.

Avg. since
'85 (%)

Canada

325,300

6.8

72,500

40.4

-2.4

0.3

39.0

British Columbia

544,700

8.5

108,800

59.0

-5.0

1.5

48.9

Alberta

340,500

2.9

74,400

32.5

-1.8

-1.2

36.1

Saskatchewan

312,400

6.3

70,900

39.0

-1.9

-0.8

36.6

Manitoba

251,000

9.2

60,800

34.7

-1.4

1.1

36.8

Ontario

337,400

6.1

77,900

38.9

-2.2

0.2

40.1

Quebec

221,600

9.3

51,700

35.0

-1.4

1.2

32.9

Atlantic

196,600

2.3

48,200

31.4

-1.0

-0.4

31.6

Toronto

466,600

5.0

101,100

47.2

-3.0

-0.1

48.2

Montreal

271,100

11.8

61,600

41.7

-1.3

2.2

36.9

Vancouver

672,500

9.7

131,600

68.8

-5.4

2.4

57.3

Ottawa

340,800

3.4

81,800

38.2

-2.9

-0.5

36.6

Calgary

412,700

2.7

85,00

37.1

-2.0

-1.5

39.9

Edmonton

322,900

5.4

72,900

32.7

-2.0

-0.5

33.9

Source: RBC November 2010. The measures are based on a 25% down payment, a 25-year mortgage loan at a five-year fixed rate and are estimated on a quarterly basis for each province and for Montreal, Toronto, Ottawa, Calgary, Edmonton and Vancouver-metropolitan areas. The measures use household income rather than family income to account for the growing number of unattached individuals in the housing market. The higher the measure, the more difficult it is to afford a house.

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