Welcome to the May issue of CAAMP Stats. For more information on CAAMP visit www.caamp.org
Bank of Canada Interest Rate
March 4, 2015 |
0.75% |
April 15, 2015 |
0.75% |
May 27, 2015 |
Next meeting date |
Source: Bank of Canada
Bank Prime Lending Rate
March 5, 2015 |
2.85% |
April 16, 2015 |
2.85% |
May 28, 2015 |
Next meeting date |
Source: Bank of Canada
Conventional Mortgage – 5 Year Rate*
April 1, 2015 |
4.74% |
April 8, 2015 |
4.64% |
April 29, 2015 |
4.64% |
Source: Bank of Canada
*Determinant for high ratio mortgage variable qualifying rate
US Federal Reserve Board Discount Rate
March 18, 2015 |
0.00%-0.25% |
April 29, 2015 |
0.00%-0.25% |
June 17, 2015 |
Next meeting date |
Source: US Federal Reserve
Exchange Rate $CDN($US)
April 1, 2015 |
0.7920 $CDN ($US) |
April 15, 2015 |
0.8130 $CDN ($US) |
April 30, 2015 |
0.8289 $CDN ($US) |
Source: Bank of Canada
Government of Canada Bonds
Bond Type |
March 25, 2015 |
April 8, 2015 |
April 22, 2015 |
1 year Treasury Bill |
0.56% |
0.60% |
0.69% |
3 year Benchmark Bond Yield |
0.48% |
0.48% |
0.66% |
5 year Benchmark Bond Yield |
0.75% |
0.75% |
0.94% |
10 year Benchmark Bond Yield |
1.33% |
1.33% |
1.50% |
Source: Bank of Canada
Total New Housing Starts (Seasonally adjusted and annualized)
Province |
January 2015 |
January 2014 |
February 2015 |
February 2014 |
March 2015 |
March 2014 |
Newfoundland/Labrador |
5,100 |
2,600 |
1,200 |
4,800 |
900 |
1,200 |
PEI |
1,000 |
600 |
300 |
300 |
200 |
200 |
Nova Scotia |
3,000 |
2,500 |
2,000 |
1,900 |
2,200 |
2,400 |
New Brunswick |
1,900 |
1,800 |
1,700 |
3,300 |
1,000 |
1,500 |
Quebec |
28,800 |
32,300 |
26,100 |
51,400 |
29,500 |
35,600 |
Ontario |
58,900 |
60,900 |
42,500 |
60,200 |
62,700 |
39,000 |
Manitoba |
7,400 |
4,800 |
3,900 |
4,800 |
4,000 |
4,000 |
Saskatchewan |
5,000 |
8,400 |
5,200 |
5,300 |
5,000 |
5,700 |
Alberta |
43,900 |
39,200 |
43,900 |
35,700 |
50,500 |
39,900 |
British Columbia |
27,400 |
27,100 |
24,600 |
24,300 |
33,700 |
27,400 |
CANADA |
182,500 |
180,700 |
151,200 |
191,900 |
189,700 |
156,800 |
Source: CMHC Housing Now – April 2014 and April 2015
Average MLS resale price for local markets
City |
March 2014 |
March 2015 |
St. John’s |
$354,444 |
$301,769 |
Halifax |
$268,333 |
$277,377 |
Saint John |
$169,978 |
$157,575 |
Quebec |
$252,849 |
$262,214 |
Montreal |
$320,382 |
$331,216 |
Ottawa |
$358,966 |
$362,918 |
Toronto |
$557,684 |
$613,933 |
Hamilton/Burlington |
$410,553 |
$443,706 |
Winnipeg |
$278,527 |
$281,269 |
Saskatoon |
$344,600 |
$337,982 |
Regina |
$328,781 |
$300,148 |
Calgary |
$462,994 |
$457,422 |
Edmonton |
$363,757 |
$373,005 |
Vancouver |
$801,543 |
$891,652 |
Victoria |
$493,323 |
$508,807 |
Source: Canadian Real Estate Association
Quarterly House Price Survey – Detached Bungalows
Market |
Q1 2015
Average |
Last Quarter
Average |
Q1 2014
Average |
Bungalow %
Change |
Halifax |
297,667 |
297,633 |
295,500 |
0.7% |
Charlottetown |
174,000 |
174,000 |
173,000 |
0.6% |
Fredericton |
202,000 |
202,000 |
203,000 |
-0.5% |
Moncton |
146,800 |
150,796 |
153,000 |
-4.1% |
Saint John |
172,845 |
172,935 |
181,425 |
-4.7% |
St. John’s |
300,100 |
316,333 |
296,000 |
1.4% |
Montreal |
296,546 |
297,300 |
294,557 |
0.7% |
Ottawa |
404,167 |
404,708 |
396,500 |
1.9% |
Toronto |
655,669 |
659,254 |
594,714 |
10.2% |
Hamilton |
272,187 |
248,667 |
234,127 |
16.3% |
Winnipeg |
304,534 |
303,987 |
306,507 |
-0.6% |
Regina |
306,500 |
310,000 |
324,000 |
-5.4% |
Saskatoon |
365,750 |
359,000 |
363,750 |
0.5% |
Calgary |
498,400 |
511,889 |
480,222 |
3.8% |
Edmonton |
364,906 |
373,244 |
341,651 |
6.8% |
Vancouver |
1,174,509 |
1,124,642 |
1,062,318 |
10.6% |
Victoria |
474,800 |
470,580 |
467,000 |
1.7% |
CANADA |
405,895 |
406,218 |
380,765 |
6.6% |
Source: Royal LePage
Quarterly House Price Survey – Standard Two-Storey
Market |
Q1 2015
Average |
Last Quarter
Average |
Q1 2014
Average |
2 Storey
% Change |
Halifax |
334,667 |
333,500 |
325,933 |
2.7% |
Charlottetown |
207,000 |
205,000 |
205,000 |
1.0% |
Fredericton |
210,000 |
210,000 |
215,000 |
-2.3% |
Moncton |
148,950 |
151,622 |
135,000 |
10.3% |
Saint John |
252,250 |
239,600 |
278,145 |
-9.3% |
St. John’s |
407,667 |
428,000 |
400,333 |
1.8% |
Montreal |
399,964 |
402,321 |
406,179 |
-1.5% |
Ottawa |
407,000 |
407,440 |
399,167 |
2.0% |
Toronto |
803,794 |
767,393 |
735,868 |
9.2% |
Hamilton |
329,816 |
325,554 |
301,289 |
9.5% |
Winnipeg |
342,880 |
336,328 |
325,072 |
5.5% |
Regina |
349,500 |
345,000 |
356,000 |
-1.8% |
Saskatoon |
396,000 |
401,750 |
393,500 |
0.6% |
Calgary |
480,656 |
500,320 |
472,644 |
1.7% |
Edmonton |
391,378 |
397,045 |
371,000 |
5.5% |
Vancouver |
1,267,287 |
1,233,182 |
1,148,473 |
10.3% |
Victoria |
477,000 |
474,575 |
471,000 |
1.3% |
National |
451,463 |
443,379 |
428,943 |
5.3% |
Source: Royal LePage
Quarterly House Price Survey – Standard Condominium
Market |
Q1 2015
Average |
Last Quarter
Average |
Q1 2014
Average< |
Condo %
Change |
Halifax |
230,000 |
220,500 |
218,950 |
0.5% |
Charlottetown |
130,000 |
128,000 |
130,000 |
0.0% |
Fredericton |
154,000 |
147,000 |
151,000 |
2.0% |
Saint John |
197,100 |
163,985 |
213,427 |
-7.6% |
St. John’s |
320,833 |
335,133 |
315,333 |
1.7% |
Montreal |
242,778 |
241,983 |
239,561 |
1.3% |
Ottawa |
262,167 |
258,817 |
258,500 |
1.4% |
Toronto |
395,584 |
390,488 |
369,714 |
7.0% |
Winnipeg |
195,905 |
207,709 |
206,291 |
-5.0% |
Regina |
216,500 |
223,500 |
215,000 |
0.7% |
Saskatoon |
277,000 |
275,333 |
265,000 |
4.5% |
Calgary |
286,913 |
294,725 |
278,713 |
2.9% |
Edmonton |
231,093 |
250,953 |
224,250 |
3.1% |
Vancouver |
506,624 |
511,150 |
482,800 |
4.9% |
Victoria |
266,500 |
258,213 |
257,000 |
3.7% |
National |
261,782 |
257,624 |
252,174 |
3.8% |
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