Bank of Canada Interest Rate
| January 18, 2011 |
1.00 % |
| March 1, 2011 |
1.00 % |
| April 12, 2011 |
Next meeting date |
Source: Bank of Canada
Bank Prime Lending Rate
| January 19, 2011 |
3.00 % |
| March 2, 2011 |
3.00 % |
| April 13, 2011 |
Next meeting date |
Source: Bank of Canada
Conventional Mortgage – 5 Year Rate*
| February 9, 2011 |
5.44 % |
| February 23, 2011 |
5.44 % |
| March 28, 2011 |
5.34 % |
Source: Bank of Canada
*Determinant for high ratio mortgage variable qualifying rate
US Federal Reserve Board Discount Rate
| January 26, 2011 |
0.00 % – 0.25 % |
| March 15, 2011 |
0.00 % – 0.25 % |
| April 27, 2011 |
Next meeting date |
Source: US Federal Reserve
Exchange Rate $CDN($US)
| February 23, 2011 |
1.0115 |
| March 16, 2011 |
1.0083 |
| March 31, 2011 |
1.0314 |
Source: Bank of Canada
Government of Canada Bonds
| Bond Type | February 23, 2011 | March 16, 2011 | March 30, 2011 |
| 1 year Treasury Bill |
1.36 % | 1.24 % | 1.35 % |
| 3 year Benchmark Bond Yield |
2.15 % | 1.87 % | 2.13 % |
| 5 year Benchmark Bond Yield |
2.61 % | 2.44 % | 2.71 % |
| 10 year Benchmark Bond Yield |
3.32 % | 3.13 % | 3.29 % |
Source: Bank of Canada
Total New Housing Starts (Seasonally adjusted and annualized)
| Province | December 2010 |
December 2009 |
January 2011 |
January 2010 |
February 2011 |
February 2010 |
| Newfoundland/Labrador |
3,200 |
4,200 |
3,900 |
3,600 |
2,700 |
3,600 |
| PEI |
1,100 |
1,300 |
800 |
600 |
500 |
400 |
| Nova Scotia |
2,700 |
2,900 |
4,500 |
2,800 |
3,800 |
5,400 |
| New Brunswick |
3,100 |
3,600 |
3,500 |
5,200 |
1,800 |
2,400 |
| Quebec |
47,800 |
51,600 |
48,600 |
55,100 |
44,600 |
47,800 |
| Ontario |
46,400 |
56,300 |
51,500 |
55,500 |
65,800 |
70,100 |
| Manitoba |
6,500 |
3,400 |
3,900 |
5,100 |
4,700 |
4,900 |
| Saskatchewan |
7,500 |
4,500 |
6,200 |
6,400 |
8,800 |
4,600 |
| Alberta |
21,000 |
27,800 |
19,600 |
23,500 |
21,900 |
27,300 |
| British Columbia |
30,000 |
22,200 |
28,100 |
27,600 |
27,300 |
30,100 |
| CANADA |
169,300 |
177,800 |
170,600 |
185,400 |
181,900 |
196,600 |
Source: CMHC Housing Now – March 2011 and March 2010. This seasonally adjusted data goes through stages of revision at different times of the year.
Average MLS® Resale Price for Local Markets
| City | February 2011 | February 2010 |
| Halifax |
$ 261,638 |
$ 251,072 |
| Saint John |
$ 175,371 |
$ 168,735 |
| Quebec |
$ 244,326 |
$ 227,461 |
| Montreal |
$ 300,471 |
$ 287,151 |
| Ottawa |
$ 337,797 |
$ 318,894 |
| Toronto |
$ 454,470 |
$ 431,509 |
| Hamilton/Burlington |
$ 331,741 |
$ 314,656 |
| Winnipeg |
$ 228,180 |
$ 215,230 |
| Saskatoon |
$ 287,202 |
$ 291,054 |
| Regina |
$ 272,609 |
$ 263,753 |
| Calgary |
$ 400,879 |
$ 389,388 |
| Edmonton |
$ 311,674 |
$ 316,927 |
| Vancouver |
$ 791,604 |
$ 662,741 |
| Victoria |
$ 490,970 |
$ 481,246 |
Source: CREA
This blog communication is for public awareness and public responsibility, for client and customer benefit and best intrest in mind.
Vijay Gandhi is an Re/max Real Estate Sales Rep. & independent mortgage planner- industry insider & CENTUM Agent. If you are purchasing, refinancing or renewing your mortgage, contact Vijay or apply for a Mortgage Check-up to obtain the best available rates and terms.
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