| Mortgage Rates Statistics Page
look here for Mortgage rates, graphs and charts click the topic to go to the page with information
Bond spreads, government rates, graphs, information
Bond Rates
 Click on the image or here to down load Benjamin Tal, Senior Economist, CIBC World Markets, latest Economic Buzz, Spring Edition. In this edition he explains his views on "Rising but still historically low interest rates." For those watching the real estate market, read his article "Probably not a housing bubble."
Fixed or Variable? Click here to view the Comparison of Fixed & Variable Rates over the last 25 years!
July 2010 Quarterly Statistics
Statistics include the following charts:
| Bank of Canada Interest Rate |
Government of Canada Bonds |
| Bank Prime Lending Rate |
Total New Housing Starts |
| Conventional Mortgage - 5 Year Rate |
Average MLS® Resale Price for Local Markets |
| US Federal Reserve Board Discount Rate |
MLS® Home Sale Prices |
| Exchange Rate |
|
Bank of Canada Interest Rate
| April 20, 2010 |
0.25 % |
| June 1, 2010 |
0.50 % |
| July 20, 2010 |
Next meeting date |
Source: Bank of Canada
Bank Prime Lending Rate
| April 21, 2010 |
2.25 % |
| June 2, 2010 |
2.50 % |
| July 21, 2010 |
Next meeting date |
Source: Bank of Canada
Conventional Mortgage - 5 Year Rate*
| May 12, 2010 |
6.10 % |
| June 16, 2010 |
5.99 % |
| July 5, 2010 |
5.89 % |
Source: Bank of Canada
*Determinant for high ratio mortgage variable qualifying rate
US Federal Reserve Board Discount Rate
| April 28, 2010 |
0.00 % - 0.25 % |
|
June 23, 2010
|
0.00 % - 0.25 % |
| August 10, 2010 |
Next Meeting date |
Source: US Federal Reserve
Exchange Rate $CDN($US)
| May 31, 2010 |
0.9583 |
| June 11, 2010 |
0.9673 |
| June 30, 2010 |
0.9393 |
Source: Bank of Canada
Government of Canada Bonds
| Bond Type |
May 26, 2010 |
June 9, 2010 |
June 23, 2010 |
|
1 year Treasury Bill
|
1.02%
|
1.19% |
1.17% |
3 year Benchmark
Bond Yield |
2.00% |
2.10% |
1.99% |
5 year Benchmark
Bond Yield |
2.55% |
2.65% |
2.53% |
10 year Benchmark
Bond Yield |
3.25% |
3.35% |
3.23% |
Source: Bank of Canada
Total New Housing Starts (Seasonally adjusted and annualized)
| Province |
March
2010
|
March
2009 |
April
2010 |
April
2009 |
May
2010 |
May
2009 |
| Newfoundland/Labrador |
6,000 |
3,300 |
3,100 |
2,800 |
3,700 |
2,700 |
| PEI |
300 |
400 |
400 |
500 |
1,400 |
800 |
| Nova Scotia |
3,900 |
3,800 |
3,600 |
2,500 |
4,900 |
3,000 |
| New Brunswick |
3,700 |
3,400 |
3,600 |
4,200 |
4,900 |
4,000 |
| Quebec |
55,300 |
43,600 |
53,700 |
41,100 |
48,700 |
42,200 |
| Ontario |
63,200 |
62,600 |
64,700 |
36,300 |
64,600
|
43,800 |
| Manitoba |
3,800 |
3,500 |
3,400 |
3,100 |
4,400 |
3,300 |
| Saskatchewan |
4,000 |
2,100 |
4,200 |
2,900 |
4,300 |
4,900 |
| Alberta |
34,100 |
11,900 |
35,700 |
12,400 |
27,300 |
12,400 |
| British Columbia |
24,900 |
11,900 |
28,300 |
11,700 |
24,900 |
11,200 |
| CANADA |
199,200 |
146,500 |
200,700 |
117,600 |
189,100 |
128,400 |
Source: CMHC Housing Now - June 2010 and June 2009. This seasonally adjusted data goes through stages of revision at different times of the the year.
Average MLS® Resale Price for Local Markets
| City |
May 2009 |
May 2010 |
| Halifax |
$248,209 |
$264,539 |
| Saint John |
$188,500 |
$173,872 |
| Quebec |
$212,241 |
$238,594 |
| Montreal |
$273,390 |
$300,807 |
| Ottawa |
$312,927 |
$334,360
|
| Toronto |
$395,609 |
$446,593 |
| Hamilton/Burlington |
$297,132 |
$315,647 |
| Winnipeg |
$208,806 |
$237,697 |
| Saskatoon |
$279,477 |
$294,516 |
| Calgary |
$382,632 |
$417,978 |
| Edmonton |
$326,332 |
$340,723 |
| Vancouver |
$583,674 |
$661,745 |
| Victoria |
$482,119 |
$515,126 |
Source: Canadian Real Estate Association
MLS® Home Sale Prices
| Year |
Canada |
BC |
AB |
MB/SK |
ON |
QC |
Atlantic |
| 2007 |
$307,094 |
$439,119 |
$356,235 |
$171,609 |
$299,544 |
$207,530 |
$158,589 |
| 2008 |
$304,971 |
$454,599 |
$352,857 |
$205,036 |
$302,354 |
$215,307 |
$171,258 |
| 2009 |
$320,333
|
$465,725 |
$341,201 |
$216,012 |
$318,366 |
$225,412 |
$182,640 |
| 2010 YTD |
$342,327 |
$495,471 |
$353,397 |
$226,918 |
$349,101 |
$239,890 |
$196,121 |
| Year |
Vancouver |
Calgary |
Toronto |
Montreal |
| 2007 |
$570,795 |
$414,066 |
$377,029 |
$229,902 |
| 2008 |
$593,767 |
$405,267 |
$379,943 |
n/a |
| 2009 |
$592,441
|
$385,882 |
$396,154 |
n/a |
Source: Scotia Economics, May 2010
More coming soon . . . |
