| Bank of Canada Interest Rate |
| April 24, 2007 |
4.25% |
| May 29, 2007 |
4.25% |
| July 10, 2007 |
Next meeting date |
|
|
Source: Bank of Canada |
|
Bank Prime Lending Rate
|
| April 25, 2007 |
6.00% |
| May 30, 2007 |
6.00% |
| July 11, 2007 |
Next meeting date |
|
Source: Bank of Canada
|
|
US Federal Reserve Board Discount Rate
|
| March 21, 2007 |
5.25% |
| May 9, 2007 |
5.25% |
| June 28, 2007 |
Next meeting date |
|
|
|
| Source: US Federal Reserve |
| Exchange Rate ($CDN/$US) |
| Exchange Rate $CDN/$US |
| $CDN/$US |
April 27, 2007 |
0.8961 |
| $CDN/$US |
May 18, 2007 |
0.9179 |
| $CDN/$US |
May 31, 2007 |
0.9355 |
|
| Source:Bank of Canada |
|
| Government of Canada Bonds |
| Bond Type |
April 25, 2007
|
May 16, 2007
|
May 30, 2007
|
| 1 Year Treasury Bill |
4.31%
|
4.32%
|
4.56%
|
| 3 Year Benchmark Bond Yield |
4.12%
|
4.23%
|
4.55%
|
| 5 Year Benchmark Bond Yield |
4.11%
|
4.21%
|
4.53%
|
| 10 Year Benchmark Bond Yield |
4.15%
|
4.23%
|
4.48%
|
|
| Source: Bank of Canada |
|
| Total New Housing Starts (Seasonable adjusted and annualized) |
| Province |
February 2007
|
March 2007
|
April 2007
|
| Newfoundland/Labrador |
2,900
|
1,900
|
1,800
|
| PEI |
500
|
500
|
700
|
| Nova Scotia |
6,200
|
2,900
|
3,300
|
| New Brunswick |
2,600
|
4,500
|
3,700
|
| Quebec |
43,700
|
47,800
|
45,300
|
| Ontario |
56,100
|
55,800
|
60,200
|
| Manitoba |
3,800
|
5,400
|
4,500
|
| Saskatchewan |
4,100
|
4,600
|
5,000
|
| Alberta |
45,200
|
53,100
|
50,700
|
| British Columbia |
34,200
|
37,500
|
36,500
|
| CANADA |
199,300
|
214,000
|
211,900
|
|
| Source: CMHC Housing Now – May 2007 |
|
| Average MLS resale price for local markets |
| City |
April 2006 |
April 2007 |
| Halifax |
$209,547 |
$218,734 |
| Quebec City |
$151,252 |
$162,690 |
| Montreal |
$217,919 |
$228,825 |
| Ottawa |
$263,122 |
$277,335 |
| Toronto |
$366,683 |
$379,025 |
| Hamilton/Burlington |
$248,367 |
$265,506 |
| Calgary |
$341,838 |
$420,807 |
| Edmonton |
$226,846 |
$343,922 |
| Vancouver |
$502,836 |
$564,375 |
| National |
$279,584 |
$305,542 |
|
| Source: Canadian Real Estate Association (CREA) |
|
| Canadian Major Market Residential MLS Summary* |
|
|
Seasonally Adjusted
April 2007
|
Seasonally Adjusted March 2007
|
Unadjusted Data
April 2007
|
Unadjusted Data
April 2006
|
Dollar Volume
($ millions)
|
9,796.4
|
9,507.6
|
11,996.3
|
9,772.0
|
|
Unit Sales
|
30,615
|
30,039
|
37,033
|
33,020
|
|
Average Price ($)
|
|
|
323,936
|
295,941
|
|
New Listings
|
49,127
|
47,643
|
57,382
|
51,730
|
| Source: Canadian Real Estate Association * Includes totals for 25 major markets in Canada |
|
|
|
|
|
|
|
