Welcome to the November issue of CAAMP Stats. For more information on CAAMP please visit www.caamp.org.
Bank of Canada Interest Rate
September 3, 2014 | 1.00% |
October 23, 2014 | 1.00% |
December 3, 2014 | Next meeting date |
Source: Bank of Canada
Bank Prime Lending Rate
September 4, 2014 | 3.00% |
October 24, 2014 | 3.00% |
December 4, 2014 | Next meeting date |
Source: Bank of Canada
Conventional Mortgage – 5 Year Rate*
September 24, 2014 | 4.79% |
October 15, 2014 | 4.79% |
October 29, 2014 | 4.79% |
Source: Bank of Canada
*Determinant for high ratio mortgage variable qualifying rate
US Federal Reserve Board Discount Rate
September 17, 2014 | 0.00%-0.25% |
October 29, 2014 | 0.00%-0.25% |
December 17, 2014 | Next meeting date |
Source: US Federal Reserve
Exchange Rate $CDN($US)
October 1, 2014 | 0.8951 $CDN ($US) |
October 15, 2014 | 0.8883 $CDN ($US) |
November 5, 2014 | 0.8780 $CDN ($US) |
Source: Bank of Canada
Government of Canada Bonds
Bond Type | September 24, 2014 | October 15, 2014 | October 29, 2014 |
1 year Treasury Bill | 1.00% | 0.95% | 0.98% |
3 year Benchmark Bond Yield | 1.17% | 1.01% | 1.16% |
5 year Benchmark Bond Yield | 1.66% | 1.37% | 1.56% |
10 year Benchmark Bond Yield | 2.20% | 1.91% | 2.05% |
Source: Bank of Canada
Total New Housing Starts (Seasonally adjusted and annualized)
Province | July | July | August 2014 | August 2013 | September 2014 | September 2013 |
Newfoundland/Labrador | 2,300 | 3,100 | 2,400 | 3,100 | 1,900 | 2,700 |
PEI | 500 | 700 | 300 | 400 | 400 | 70 |
Nova Scotia | 5,500 | 4,200 | 4,000 | 2,300 | 4,200 | 5,200 |
New Brunswick | 4,800 | 2,200 | 2,900 | 3,600 | 2,000 | 3,000 |
Quebec | 36,000 | 36,200 | 35,400 | 32,700 | 40,500 | 38,400 |
Ontario | 69,700 | 61,500 | 52,300 | 69,900 | 54,700 | 60,400 |
Manitoba | 9,600 | 11,200 | 9,300 | 5,000 | 6,600 | 9,100 |
Saskatchewan | 9,100 | 8,300 | 9,400 | 10,100 | 10,500 | 14,400 |
Alberta | 37,500 | 33,600 | 44,200 | 26,900 | 47,100 | 30,800 |
British Columbia | 28,000 | 31,900 | 36,000 | 26,200 | 29,400 | 31,100 |
CANADA | 203,000 | 192,800 | 196,300 | 180,200 | 197,300 | 195,900 |
Source: CMHC Housing Now – October 2013 and October 2014.
Average MLS resale price for local markets
City | September 2013 | September 2014 |
St. John’s | $314,334 | $311,425 |
Halifax | $268,286 | $273,026 |
Saint John | $173,240 | $155,384 |
Quebec | $266,759 | $263,681 |
Montreal | $322,330 | $329,144 |
Ottawa | $348,788 | $357,753 |
Toronto | $533,797 | $573,676 |
Hamilton/Burlington | $390,638 | $411,699 |
Winnipeg | $256,380 | $263,859 |
Saskatoon | $338,309 | $333,888 |
Regina | $317,273 | $314,756 |
Calgary | $435,934 | $461,099 |
Edmonton | $350,346 | $372,673 |
Vancouver | $786,522 | $836,735 |
Victoria | $486,744 | $509,667 |
Source: Canadian Real Estate Association
Quarterly House Price Survey
Detached Bungalow
Market | Q3 2014 | Last Quarter Average | Q3 2013 Average | Bungalow % Change |
Halifax | 294,333 | 292,167 | 299,000 | -1.6% |
Charlottetown | 173,000 | 175,000 | 173,000 | 0.0% |
Fredericton | 202,000 | 200,000 | 207,000 | -2.4% |
Moncton | 150,911 | 149,648 | 148,000 | 2.0% |
Saint John | 155,104 | 179,150 | 167,314 | -7.3% |
St. John’s | 313,500 | 305,533 | 296,000 | 5.9% |
Montreal | 296,857 | 296,250 | 289,306 | 2.6% |
Ottawa | 403,091 | 401,667 | 398,167 | 1.2% |
Toronto | 618,088 | 611,906 | 576,313 | 7.2% |
Hamilton | 244,409 | 240,416 | 228,901 | 6.8% |
Winnipeg | 308,706 | 311,015 | 307,069 | 0.5% |
Regina | 307,250 | 333,500 | 333,500 | -7.9% |
Saskatoon | 368,750 | 375,000 | 366,250 | 0.7% |
Calgary | 515,844 | 501,200 | 465,411 | 10.8% |
Edmonton | 357,240 | 350,401 | 337,000 | 6.0% |
Vancouver | 1,135,009 | 1,107,290 | 1,070,000 | 6.1% |
Victoria | 468,000 | 467,000 | 458,000 | 2.2% |
National | 405,101 | 406,454 | 381,811 | 6.1% |
Standard Two Storey
Market | Q3 2014 Average | Last Quarter Average | Q3 2013 Average | 2 Storey % Change |
Halifax | 331,933 | 325,633 | 329,333 | 0.8% |
Charlottetown | 205,000 | 205,000 | 205,000 | 0.0% |
Fredericton | 215,000 | 215,000 | 215,000 | 0.0% |
Moncton | 155,157 | 152,302 | 145,000 | 7.0% |
Saint John | 206,524 | 278,145 | 235,556 | -12.3% |
St. John’s | 424,167 | 412,233 | 400,333 | 6.0% |
Montreal | 403,714 | 404,214 | 403,014 | 0.2% |
Ottawa | 406,264 | 401,250 | 401,500 | 1.2% |
Toronto | 733,317 | 722,079 | 681,545 | 7.6% |
Hamilton | 324,874 | 301,289 | 294,919 | 10.2% |
Winnipeg | 341,863 | 336,241 | 346,860 | -1.4% |
Regina | 346,450 | 372,500 | 372,250 | -6.9% |
Saskatoon | 408,250 | 394,250 | 399,750 | 2.1% |
Calgary | 499,811 | 489,589 | 457,522 | 9.2% |
Edmonton | 379,463 | 372,112 | 360,270 | 5.6% |
Vancouver | 1,220,909 | 1,204,011 | 1,156,500 | 5.6% |
Victoria | 477,000 | 478,000 | 452,000 | 3.2% |
National | 441,714 | 440,972 | 418,686 | 5.5% |
Source: Royal Lepage, October 2014
