|
Bank of Canada Interest Rate |
January 22, 2008 |
4.00% |
March 4, 2008 |
3.50% |
April 22, 2008 |
Next meeting date |
|
Source:
Bank of Canada |
Bank Prime
Lending Rate
|
January 23, 2008 |
5.75% |
March 5, 2008 |
5.25% |
April 23, 2008 |
Next meeting date |
|
Source:
Bank of Canada |
|
US
Federal Reserve Board Discount Rate |
January 30, 2008 |
3.00% |
March 18, 2008 |
2.25% |
April 30, 2008 |
Next meeting date |
|
|
Source: US Federal Reserve |
Exchange Rate ($CDN/$US) |
Exchange Rate ($CDN/$US) |
$CDN/$US |
February 29, 2008 |
1.0158 |
$CDN/$US |
March 14, 2008 |
1.0140 |
$CDN/$US |
March 28, 2008 |
0.9790 |
|
Source:Bank of Canada |
|
Government of Canada Bonds |
Bond Type |
February
27, 2008 |
March
12, 2008 |
March
26, 2008 |
1 Year Treasury Bill |
3.18% |
2.65% |
2.55% |
3 Year Benchmark Bond Yield |
3.17% |
2.71% |
2.67% |
5 Year Benchmark Bond Yield |
3.40% |
2.97% |
2.93% |
10 Year Benchmark Bond Yield |
3.81% |
3.52% |
3.46% |
|
Source: Bank of Canada |
|
Total New Housing Starts
(Seasonable adjusted and annualized) |
Province |
December
2007 |
January
2008 |
February
2008 |
Newfoundland/Labrador |
2,900 |
2,400 |
2,900 |
PEI |
600 |
500 |
1,000 |
Nova Scotia |
4,400 |
3,300 |
4,400 |
New Brunswick |
4,500 |
4,500 |
3,600 |
Quebec |
39,200 |
47,900 |
57,600 |
Ontario |
51,700 |
72,700 |
83,800 |
Manitoba |
4,600 |
5,800 |
5,200 |
Saskatchewan |
5,000 |
6,000 |
5,700 |
Alberta |
37,900 |
41,700 |
38,700 |
British Columbia |
33,900 |
38,900 |
54,100 |
CANADA |
184,700 |
222,700 |
256,900 |
|
Source: CMHC Housing Now – March 2008. This seasonally
adjusted data goes through stages of revision at different times of the
year. |
|
Average MLS resale price for
local markets |
City |
February
2007 |
February
2008 |
Halifax |
$213,327 |
$223,579 |
Montreal |
N/A |
N/A |
Ottawa |
$264,928 |
$283,199 |
Toronto |
$368,687 |
$382,048 |
Hamilton/Burlington |
$272,953 |
$276,297 |
Saskatoon |
$187,515 |
$264,270 |
Calgary |
$313,307 |
$415,017 |
Edmonton |
$321,307 |
$338,347 |
Vancouver |
$531,688 |
$623,517 |
|
Source: Canadian Real Estate Association (CREA) |
|
Canadian Major Market
Residential MLS Summary* |
| |
Seasonally Adjusted
February 2008 |
Seasonally Adjusted
January 2008 |
Unadjusted Data
February 2008 |
Unadjusted Data
February 2007 |
Dollar Volume
($ millions) |
8,796.4 |
9,582.7 |
8,613.2 |
9.049,9 |
Unit Sales |
26,588 |
28,396 |
26,302 |
29,090 |
Average Price ($) |
|
|
327,477 |
311,101 |
New Listings |
50,405 |
51,840 |
51,113 |
45,835 |
|
Source: Canadian Real Estate Association * Includes
totals for 25 major markets in Canada |
|
Housing Affordability Index |
Standard two-storey |
Region |
Average Price |
Qualifying Income ($)
Q4 2007 |
Affordability Measure (%) |
Q4 2007 ($) |
Y/Y % ch. |
Q3 2007 (rev) |
Q4 2007 |
*Canada |
348,969 |
9.6 |
86,612 |
47.5 |
48.1 |
British Columbia |
563,312 |
12.3 |
128,760 |
70.9 |
74.1 |
Alberta |
406,708 |
11.1 |
96,276 |
45.5 |
43.6 |
Saskatchewan |
280,500 |
51.2 |
70,678 |
41.9 |
42.3 |
Manitoba |
225,477 |
13.5 |
60,412 |
35.6 |
36.1 |
Ontario |
349,964 |
6.5 |
88,387 |
43.8 |
44.3 |
Quebec |
268,783 |
6.9 |
71,681 |
44.7 |
46.1 |
Atlantic |
210,444 |
12.3 |
56,433 |
37.6 |
38.3 |
Toronto |
475,888 |
6.5 |
115,833 |
53.4 |
53.4 |
Montreal |
300,981 |
5.0 |
78,364 |
47.2 |
47.8 |
Vancouver |
648,592 |
12.1 |
146,739 |
75.4 |
79.2 |
Ottawa |
320,031 |
4.6 |
83,433 |
37.4 |
38.0 |
Calgary |
461,811 |
8.5 |
106,252 |
46.9 |
45.5 |
Edmonton |
354,060 |
11.7 |
86,337 |
41.8 |
39.5 |
|
Source: RBC Financial Group Housing Affordability
Index based on a 25% down payment and a 25 year mortgage loan at a
five year fixed rate. The higher the index, the more difficult it is
to afford home. An affordability index of 50 means that homeownership
costs including mortgage payments, utilities and property taxes take
up half of a typical household’s monthly pre-tax income. |
|
|
|
|
1-866-509-1090 
