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





January 2011...CAAMP Statistics

Bank of Canada Interest Rate

October 19, 2010

1.00%

December 7, 2010

1.00%

January 18, 2011

Next meeting date

Source: Bank of Canada

Bank Prime Lending Rate

October 20, 2010

3.00%

December 8, 2010

3.00%

January 19, 2011

Next meeting date

Source: Bank of Canada

Conventional Mortgage - 5 Year Rate*

November 24, 2010

5.44%

December 1, 2010

5.19%

December 29, 2010

5.19%

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

US Federal Reserve Board Discount Rate

November 3, 2010

0.00% - 0.25%

December 14, 2010

0.00% - 0.25%

January 26, 2011

Next meeting date

Source: US Federal Reserve

Exchange  Rate  $CDN($US)

November 26, 2010                  .9804   $CDN($US)
December 15, 2010                 .9960   $CDN ($US)
December 31, 2010               100.54   $CDN ($US)

Source: Bank of Canada

Government of Canada Bonds

Bond Type

November 24, 2010

December 8, 2010

December 22, 2010

1 year Treasury Bill

1.39%

1.34%

1.36%

3 year Benchmark Bond Yield

1.94%

1.90%

1.87%

5 year Benchmark Bond Yield

2.48%

2.49%

2.42%

10 year Benchmark Bond Yield

3.19%

3.25%

3.17%

Source: Bank of Canada

Total New Housing Starts (Seasonally adjusted and annualized)

Province

September 2010

September 2009

October 2010

October 2009

November 2010

November 2009

Newfoundland/Labrador

  3,100

  2,800

  3,400

  2,900

  3,100

  3,200

PEI

     500

     700

     400

  1,200

  1,000

  1,000

Nova Scotia

  4,100

  4,500

  4,600

  4,000

  3,100

  2,800

New Brunswick

  2,400

  2,900

  4,900

  3,600

  3,400

  3,900

Quebec

50,100

41,300

47,900

37,200

42,000

40,400

Ontario

58,200

50,200

45,200

57,600

80,300

53,000

Manitoba

  4,000

  4,400

  3,800

  4,200

  4,700

  4,200

 Saskatchewan

  5,300

  3,700

  4,700

  3,600

  7,200

  6,100

Alberta

27,200

22,600

25,300

25,000

21,100

24,800

British Columbia

29,700

16,200

27,500

18,200

22,200

19,200

CANADA

184,600

149,300

167,700

157,400

188,100

158,500

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

Average MLS resale price for local markets

City

November 2009

November 2010

Halifax

$239,514

$252,554

Saint John, NB

$178,484

$170,610

Quebec

$217,571

$244,209

Montreal

$284,516

$305,258

Ottawa

$314,071

$325,150

Toronto

$418,502

$437,999

Hamilton/Burlington

$310,377

$310,492

Winnipeg

$202,128

$226,886

Saskatoon

$278,885

$312,893

Calgary

$401,201

$398,619

Edmonton

$318,482

$318,538

Vancouver

$622,564

$699,009

Victoria

$490,892

$511,648

Source: Canadain Real Estate Association

MLSHomeSalesMLSHomeSales



 Return to News Articles

 
Mortgage Website by Roar Solutions Inc.    Tellem Email Marketing