February 2012
Bank of Canada Interest Rate
Bank Prime Lending Rate
December 7, 20113.00 %January 18, 20123.00 %
March 9, 2012Next meeting date
Source: Bank of Canada
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Conventional Mortgage - 5 Year Rate*November 16, 20115.29 %
December 21, 20115.29 %
January 25, 20125.29 %
Source: Bank of Canada
*Determinant for high ratio mortgage variable qualifying rate
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US Federal Reserve Board Discount Rate*
December 13, 20110.00 % - 0.25 % January 25, 20120.00 % - 0.25 % March 13, 2012Next meeting date
Source: US Federal Reserve
*US Federal Reserve has indicated it will keep this rate until Q4 2014
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Exchange Rate $CDN($US)
December 28, 20110.9769January 11, 20120.9811January 30, 20120.9972
Source: Bank of Canada
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Government of Canada Bonds
Bond TypeDecember 28, 2011January 11, 2012January 25, 20121 year Treasury Bill
0.92%0.95%0.98%3 year Benchmark
Bond Yield0.99%0.98%1.06%5 year Benchmark
Bond Yield1.28%1.26%1.36%10 year Benchmark
Bond Yield1.96%1.93%2.04%
Source: Bank of Canada
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Total New Housing Starts (Seasonally adjusted and annualized) ProvinceOctober
2011
October
2010
November
2011
November
2010
December
2011
December
2010
Newfoundland/Labrador3,300
3,400
3,700
3,100
3,000
3,200
PEI
900
400
1,300
1,000
800
1,100
Nova Scotia
3,300
4,700
2,600
3,100
8,500
2,800
New Brunswick
3,900
4,900
3,400
3,400
3,700
3,100
Quebec
44,200
48,600
43,500
42,000
50,300
47,900
Ontario
74,800
44,700
52,800
80,300
71,500
46,400
Manitoba
7,600
3,800
7,100
4,700
4,900
6,500
Saskatchewan
8,400
4,700
7,400
7,200
5,900
7,500
Alberta
32,000
25,200
28,700
21,100
28,300
20,500
British Columbia
30,400
27,500
28,700
22,200
23,000
30,000
CANADA
208,800
167,900
181,200
188,100
199,900
169,000
Source: CMHC Housing Now - January 2011 and January 2012. This seasonally adjusted data goes through stages of revision at different times of the year.
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Average MLS® Resale Price for Local Markets
CityDecember 2010
December 2011
Halifax
$ 254,228
$ 273,182
Saint John
$ 162,859
$ 165,770
Quebec
$ 250,880
$ 255,896
Montreal
$ 305,068
$ 319,458
Ottawa
$ 325,031
$ 335,330
Toronto
$ 433,887
$ 451,436
Hamilton/Burlington
$ 324,590
$ 314,940
Winnipeg
$ 239,183
$ 268,977
Saskatoon
$ 300,693
$ 312,834
Regina
$ 251,690
$ 273,919
Calgary
$ 381,308
$ 392,661
Edmonton
$ 310,885
$ 315,658
Vancouver
$ 700,773
$ 689,057
Victoria
$ 496,814
$ 469,484
Source: Canadian Real Estate Association
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Annual Change(%) 2011
CityAverage Price
Home Resales
Vancouver
14.3%
5.8%
Toronto
7.6%
4.0%
Regina
7.3%
8.9%
Winnipeg
6.1%
6.3%
Ottawa
4.7%
-0.2%
Saskatoon
4.6%
13.1%
Montreal*
3.5%
-4.8%
Halifax
2.7%
2.9%
Calgary
1.1%
7.0%
Edmonton
-0.7%
3.4%
Total Canada
6.8%
2.2%
*based on first 11 months
Source: Canadian Real Estate Association, RBC Economics Research
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Bank of Canada Interest Rate
December 6, 20111.00 %
January 17, 20121.00 %
March 8, 2012Next meeting date
Source: Bank of Canada
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[SIZE=+0]January 17, 20121.00 %
March 8, 2012Next meeting date
Source: Bank of Canada
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Bank Prime Lending Rate
December 7, 20113.00 %January 18, 20123.00 %
March 9, 2012Next meeting date
Source: Bank of Canada
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Conventional Mortgage - 5 Year Rate*November 16, 20115.29 %
December 21, 20115.29 %
January 25, 20125.29 %
Source: Bank of Canada
*Determinant for high ratio mortgage variable qualifying rate
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US Federal Reserve Board Discount Rate*
December 13, 20110.00 % - 0.25 % January 25, 20120.00 % - 0.25 % March 13, 2012Next meeting date
Source: US Federal Reserve
*US Federal Reserve has indicated it will keep this rate until Q4 2014
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Exchange Rate $CDN($US)
December 28, 20110.9769January 11, 20120.9811January 30, 20120.9972
Source: Bank of Canada
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Government of Canada Bonds
Bond TypeDecember 28, 2011January 11, 2012January 25, 20121 year Treasury Bill
0.92%0.95%0.98%3 year Benchmark
Bond Yield0.99%0.98%1.06%5 year Benchmark
Bond Yield1.28%1.26%1.36%10 year Benchmark
Bond Yield1.96%1.93%2.04%
Source: Bank of Canada
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Total New Housing Starts (Seasonally adjusted and annualized) ProvinceOctober
2011
October
2010
November
2011
November
2010
December
2011
December
2010
Newfoundland/Labrador3,300
3,400
3,700
3,100
3,000
3,200
PEI
900
400
1,300
1,000
800
1,100
Nova Scotia
3,300
4,700
2,600
3,100
8,500
2,800
New Brunswick
3,900
4,900
3,400
3,400
3,700
3,100
Quebec
44,200
48,600
43,500
42,000
50,300
47,900
Ontario
74,800
44,700
52,800
80,300
71,500
46,400
Manitoba
7,600
3,800
7,100
4,700
4,900
6,500
Saskatchewan
8,400
4,700
7,400
7,200
5,900
7,500
Alberta
32,000
25,200
28,700
21,100
28,300
20,500
British Columbia
30,400
27,500
28,700
22,200
23,000
30,000
CANADA
208,800
167,900
181,200
188,100
199,900
169,000
Source: CMHC Housing Now - January 2011 and January 2012. This seasonally adjusted data goes through stages of revision at different times of the year.
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Average MLS® Resale Price for Local Markets
CityDecember 2010
December 2011
Halifax
$ 254,228
$ 273,182
Saint John
$ 162,859
$ 165,770
Quebec
$ 250,880
$ 255,896
Montreal
$ 305,068
$ 319,458
Ottawa
$ 325,031
$ 335,330
Toronto
$ 433,887
$ 451,436
Hamilton/Burlington
$ 324,590
$ 314,940
Winnipeg
$ 239,183
$ 268,977
Saskatoon
$ 300,693
$ 312,834
Regina
$ 251,690
$ 273,919
Calgary
$ 381,308
$ 392,661
Edmonton
$ 310,885
$ 315,658
Vancouver
$ 700,773
$ 689,057
Victoria
$ 496,814
$ 469,484
Source: Canadian Real Estate Association
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Annual Change(%) 2011
CityAverage Price
Home Resales
Vancouver
14.3%
5.8%
Toronto
7.6%
4.0%
Regina
7.3%
8.9%
Winnipeg
6.1%
6.3%
Ottawa
4.7%
-0.2%
Saskatoon
4.6%
13.1%
Montreal*
3.5%
-4.8%
Halifax
2.7%
2.9%
Calgary
1.1%
7.0%
Edmonton
-0.7%
3.4%
Total Canada
6.8%
2.2%
*based on first 11 months
Source: Canadian Real Estate Association, RBC Economics Research
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