| Bank of Canada Lending Rate |
|
|
June 4, 2009
|
0.25%
|
|
July 21, 2009
|
0.25%*
|
|
September 10, 2009
|
Next meeting date
|
Source: Bank of Canada
*Bank of Canada
statement included reference to hold rate to end of second quarter 2010
Bank Prime Lending Rate
|
June 5, 2009
|
2.25%
|
|
July 22, 2009
|
2.25%
|
|
September 11, 2009
|
Next meeting date
|
Source: Bank of Canada
US Federal Reserve Board
Discount Rate
|
April 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)
|
June 26, 2009
|
.8664 $CDN($US)
|
|
July 17, 2009
|
.8960 $CDN($US)
|
|
July 31, 2009
|
.9281 $CDN($US)
|
Source: Bank of Canada
Government of Canada Bonds
|
Bond Type
|
June 24, 2009
|
July 15, 2009
|
July 29, 2009
|
|
1 year Treasury Bill
|
0.55%
|
0.59%
|
0.59%
|
|
3 year Benchmark
Bond Yield
|
1.89%
|
1.89%
|
1.94%
|
|
5 year Benchmark
Bond Yield
|
2.57%
|
2.57%
|
2.66%
|
|
10 year Benchmark
Bond Yield
|
3.45%
|
3.49%
|
3.53%
|
Source: Bank of Canada
Total New Housing Starts
(Seasonable adjusted and annualized)
|
Province
|
April 2009
|
April 2008
|
May
2009
|
May
2008
|
June 2009
|
June 2008
|
|
Newfoundland/Labrador
|
2,700
|
1,900
|
2,800
|
2,900
|
2,900
|
2,800
|
|
PEI
|
500
|
800
|
800
|
700
|
1,000
|
600
|
|
Nova Scotia
|
2,400
|
4,700
|
2,900
|
3,800
|
2,700
|
3,900
|
|
New Brunswick
|
4,000
|
3,800
|
3,700
|
5,100
|
3,300
|
4,600
|
|
Quebec
|
39,200
|
43,800
|
40,100
|
50,300
|
37,900
|
46,500
|
|
Ontario
|
37,400
|
76,700
|
44,500
|
71,200
|
45,800
|
82,000
|
|
Manitoba
|
3,500
|
6,000
|
3,700
|
7,200
|
5,000
|
5,500
|
|
Saskatchewan
|
2,200
|
5,200
|
3,000
|
6,500
|
5,100
|
10,800
|
|
Alberta
|
14,200
|
33,600
|
14,200
|
35,500
|
20,000
|
23,600
|
|
British Columbia
|
12,400
|
37,500
|
11,700
|
38,000
|
14,100
|
35,600
|
|
Canada
|
118,500
|
213,900
|
127,400
|
221,300
|
137,800
|
215,900
|
Source: CMHC Housing Now – July 2009 and July
2008.
This seasonally adjusted data goes through stages of revision
at different times of the year.
Average MLS resale price
for local markets
|
City
|
June 2008
|
June 2009
|
|
Halifax
|
$235,312
|
$240,093
|
|
Saint John, NB
|
$170,199
|
$172,731
|
|
Montréal
|
$269,257
|
$275,578
|
|
Ottawa
|
$298,336
|
$307,793
|
|
Toronto
|
$395,918
|
$403,918
|
|
Hamilton/Burlington
|
$287,249
|
$297,117
|
|
Winnipeg
|
$206,327
|
$212,542
|
|
Saskatoon
|
$310,386
|
$276,867
|
|
Calgary
|
$418,866
|
$392,601
|
|
Edmonton
|
$341,376
|
$328,285
|
|
Vancouver
|
$611,613
|
$575,949
|
|
Victoria
|
$476,639
|
$476,686
|
Source: Canadian Real Estate Association
Quarterly Housing Price
Survey
|
|
Detached
Bungalows
|
Standard Two Storey
|
|
Market
|
Q2 2009 Average
|
Last Quarter Average
|
Q2 2008 Average
|
Bungalow w % Change
|
Q2 2009 Average
|
Last Quarter Average
|
Q2 2008 Average
|
2 Storey % Change
|
|
Halifax
|
235,333
|
215,667
|
233,000
|
1.0%
|
277,333
|
262,333
|
275,000
|
0.8%
|
|
Charlottetown
|
160,000
|
157,000
|
156,000
|
2.6%
|
190,000
|
188,000
|
185,000
|
2.7%
|
|
Moncton
|
158,000
|
156,000
|
164,000
|
-3.7%
|
134,200
|
134,500
|
132,000
|
1.7%
|
|
Fredericton
|
172,000
|
167,000
|
162,000
|
6.2%
|
210,000
|
210,000
|
197,000
|
6.6%
|
|
Saint John
|
187,681
|
201,476
|
202,364
|
-7.3%
|
240,889
|
268,000
|
285,179
|
-15.5%
|
|
Saint John's
|
200,000
|
193,000
|
181,000
|
10.5%
|
276,000
|
267,000
|
249,333
|
10.7%
|
|
Atlantic
|
198,368
|
190,748
|
192,636
|
3.0%
|
198,368
|
190,748
|
192,636
|
3.0%
|
|
Montreal
|
236,148
|
232,375
|
234,352
|
0.8%
|
337,872
|
330,056
|
336,443
|
0.4%
|
|
Ottawa
|
325,417
|
317,500
|
316,167
|
2.9%
|
325,417
|
318,500
|
315,750
|
3.1%
|
|
Toronto
|
416,179
|
405,286
|
434,282
|
-4.2%
|
544,785
|
516,052
|
562,478
|
-3.1%
|
|
Winnipeg
|
237,750
|
231,663
|
233,800
|
1.7%
|
262,914
|
251,721
|
257,800
|
2.0%
|
|
Regina
|
272,900
|
266,625
|
278,850
|
-2.1%
|
245,000
|
245,000
|
254,000
|
-3.5%
|
|
Saskatoon
|
312,250
|
312,500
|
340,375
|
-8.3%
|
337,250
|
348,500
|
388,000
|
-13.1%
|
|
Calgary
|
401,600
|
391,833
|
438,122
|
-8.3%
|
400,167
|
390,689
|
437,744
|
-8.6%
|
|
Edmonton
|
302,143
|
297,857
|
320,000
|
-5.6%
|
328,571
|
322,979
|
348,571
|
-5.7%
|
|
Vancouver
|
760,000
|
743,750
|
839,500
|
-9.5%
|
846,000
|
828,750
|
943,000
|
-10.3%
|
|
Victoria
|
466,000
|
453,000
|
450,000
|
3.6%
|
446,000
|
435,000
|
470,000
|
-5.1%
|
|
National
|
327,964
|
319,865
|
339,879
|
-3.5%
|
392,378
|
379,708
|
407,374
|
-3.7%
|
|
