Mortgage Architects™

Catherine Wong Bourbeau AMP

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July 09...CAAMP Statistics

Bank of Canada Interest Rate
April 21, 2009 0.25%*
June 4, 2009 0.25%
July 21, 2009 Next meeting date

Source: Bank of Canada

* Bank of Canada indicated it would keep interest rate at this level until June 2010
Bank Prime Lending Rate
April 22, 2009 2.25%
June 5, 2009 2.25%
July 22, 2009 Next meeting date

Source: Bank of Canada

US Federal Reserve Board Discount Rate

Arpil 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)
Exchange Rate ($CDN/$US)
$CDN/$US May 28, 2009 0.8970
$CDN/$US June 12, 2009 0.8948
$CDN/$US June 26, 2009 0.8664
Source:Bank of Canada
Government of Canada Bonds
Bond Type May 27, 2009 June 10, 2009 June 24, 2009
1 Year Treasury Bill 0.49% 0.61% 0.55%
3 Year Benchmark Bond Yield 1.84% 2.07% 1.89%
5 Year Benchmark Bond Yield 2.57% 2.82% 2.57%
10 Year Benchmark Bond Yield 3.57% 3.04% 3.45%
Source: Bank of Canada
Total New Housing Starts (Seasonable adjusted and annualized)
Province March
2009
March
2008
April
2009
April
2008
May
2009
May
2008
Newfoundland/Labrador 3,300 3,400 2,800 1,900 2,700 2,900
PEI 400 500 500 800 800 700
Nova Scotia 3,800 10,300 2,500 4,700 3,000 3,800
New Brunswick 3,400 4,300 4,200 3,800 4,000 5,100
Quebec 43,600 45,700 41,100 43,800 42,200 50,300
Ontario 62,600 80,000 36,300 76,700 43,800 71,200
Manitoba 3,500 4,700 3,100 6,000 3,300 7,200
Saskatchewan 2,100 6,700 2,900 5,200 4,900 6,500
Alberta 11,900 55,100 12,400 33,600 12,400 35,500
British Columbia 11,900 32,300 11,700 37,500 11,200 38,000
CANADA 146,500 243,000 117,600 213,900 128,400 221,300
Source: CMHC Housing Now – June 2009 and June 2008. This seasonally adjusted data goes through stages of revision at different times of the year.
Average MLS resale price for local markets
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City May 2008 May 2009
Halifax $243,692 $248,209
Saint John $168,158 $188,500
Montreal $263,594 $271,386
Ottawa $296,580 $312,927
Toronto $398,148 $395,609
Hamilton/Burlington $293,927 $297,132
Winnipeg $210,901 $208,806
Saskatoon $301,527 $279,477
Calgary $414,881 $382,632
Edmonton $340,499 $326,332
Vancouver $624,639 $583,676
Victoria $514,100 $482,119
Source: Canadian Real Estate Association
2009 Recreational Property Price Summary – Average Price Range by Province

Standard Waterfront, Land Access Cottage (1,000 sq feet, 3 bedrooms, 100 foot lot)

Province Average Price Range 2009
Prince Edward Island $100,000 - $500,000
Nova Scotia $60,000 - $470,000
Newfoundland $80,000
New Brunswick $90,000 - $110,000
Quebec $400,000 - $500,000
Ontario $430,000 - $750,000
Manitoba $250,000 - $360,000
Saskatchewan $300,000
Alberta $400,000 - $460,000
British Columbia $530,000 - $880,000
National Average $370,000 - $600,000
Source: Royal LePage, June 2009


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