Key Industry Statistics

Bank of Canada Interest Rate

 

March 4, 2015

 0.75%

April 15, 2015

 0.75%

May 27, 2015

 Next meeting date

Source: Bank of Canada

Bank Prime Lending Rate

 

March 5, 2015

 2.85%

April 16, 2015

 2.85%

May 28, 2015

 Next meeting date

Source: Bank of Canada

Conventional Mortgage – 5 Year Rate*

 

April 1, 2015

 4.74%

April 8, 2015

 4.64%

April 29, 2015

 4.64%

Source: Bank of Canada

*Determinant for high ratio mortgage variable qualifying rate

US Federal Reserve Board Discount Rate

 

March 18, 2015

 0.00%-0.25%

April 29, 2015

 0.00%-0.25%

June 17, 2015

 Next meeting date

Source: US Federal Reserve

Exchange  Rate  $CDN($US)

 

April 1, 2015

 0.7920 $CDN ($US)

April 15, 2015

 0.8130 $CDN ($US)    

April 30, 2015

 0.8289 $CDN ($US)

Source: Bank of Canada

Government of Canada Bonds

 

Bond Type

March 25, 2015

April 8, 2015

April 22, 2015

1 year Treasury Bill

 0.56%

 0.60%

 0.69%

3 year Benchmark Bond Yield

 0.48%

 0.48%

 0.66%

5 year Benchmark Bond Yield

 0.75%

 0.75%

 0.94%

10 year Benchmark Bond Yield

 1.33%

 1.33%

 1.50%

Source: Bank of Canada

Total New Housing Starts (Seasonally adjusted and annualized)

 

Province

January 2015

January 2014

February 2015

February 2014

March 2015

March 2014

Newfoundland/Labrador

  5,100

  2,600

 1,200

  4,800

   900

  1,200

PEI

  1,000

     600

    300

     300

   200

     200

Nova Scotia

  3,000

  2,500

 2,000

  1,900

 2,200

  2,400

New Brunswick

  1,900

  1,800

 1,700

  3,300

 1,000

  1,500

Quebec

28,800

32,300

26,100

51,400

29,500

35,600

Ontario

58,900

60,900

42,500

60,200

62,700

39,000

Manitoba

  7,400

  4,800

 3,900

  4,800

  4,000

  4,000

Saskatchewan

  5,000

  8,400

 5,200

  5,300

  5,000

  5,700

Alberta

43,900

39,200

43,900

35,700

50,500

39,900

British Columbia

27,400

27,100

24,600

24,300

33,700

27,400

CANADA

182,500

180,700

151,200

191,900

189,700

156,800

Source: CMHC Housing Now – April 2014 and April 2015 

Average MLS resale price for local markets

 

City

March 2014

March 2015

St. John’s

$354,444

$301,769

Halifax

$268,333

$277,377

Saint John

$169,978

$157,575

Quebec

$252,849

$262,214

Montreal

$320,382

$331,216

Ottawa

$358,966

$362,918

Toronto

$557,684

$613,933

Hamilton/Burlington

$410,553

$443,706

Winnipeg

$278,527

$281,269

Saskatoon

$344,600

$337,982

Regina

$328,781

$300,148

Calgary

$462,994

$457,422

Edmonton

$363,757

$373,005

Vancouver

$801,543

$891,652

Victoria

$493,323

$508,807

Source: Canadian Real Estate Association 

Quarterly House Price Survey - Detached Bungalows

 

Market

Q1 2015
Average

Last Quarter
Average

Q1 2014
Average

Bungalow %
Change

Halifax

297,667 

297,633 

295,500 

0.7% 

Charlottetown

174,000 

174,000 

173,000 

0.6% 

Fredericton

202,000 

202,000 

203,000 

-0.5% 

Moncton

146,800 

150,796 

153,000 

-4.1% 

Saint John

172,845 

172,935 

181,425 

-4.7% 

St. John's

300,100 

316,333 

296,000 

1.4% 

Montreal

296,546 

297,300 

294,557 

0.7% 

Ottawa

404,167 

404,708 

396,500 

1.9% 

Toronto

655,669 

659,254 

594,714 

10.2% 

Hamilton

272,187

248,667 

234,127 

16.3% 

Winnipeg

304,534 

303,987 

306,507 

-0.6% 

Regina

306,500

310,000 

324,000 

-5.4% 

Saskatoon

365,750 

359,000 

363,750 

0.5% 

Calgary

498,400 

511,889 

480,222 

3.8% 

Edmonton

364,906 

373,244 

341,651 

6.8% 

Vancouver

1,174,509 

1,124,642 

1,062,318 

10.6% 

Victoria

474,800 

470,580 

467,000 

1.7% 

CANADA

405,895 

406,218 

380,765 

6.6% 

Source: Royal LePage 

Quarterly House Price Survey - Standard Two-Storey

 

Market

Q1 2015
Average

Last Quarter
Average

Q1 2014
Average

2 Storey
% Change

Halifax

334,667 

333,500 

325,933 

2.7% 

Charlottetown

207,000 

205,000 

205,000 

1.0% 

Fredericton

210,000 

210,000 

215,000 

-2.3% 

Moncton

148,950 

151,622 

135,000 

10.3% 

Saint John

252,250 

239,600 

278,145 

-9.3% 

St. John's

407,667 

428,000 

400,333 

1.8% 

Montreal

399,964 

402,321 

406,179 

-1.5% 

Ottawa

407,000 

407,440 

399,167 

2.0% 

Toronto

803,794 

767,393 

735,868 

9.2% 

Hamilton

329,816 

325,554 

301,289 

9.5% 

Winnipeg

342,880 

336,328 

325,072 

5.5% 

Regina

349,500 

345,000 

356,000 

-1.8% 

Saskatoon

396,000 

401,750 

393,500 

0.6% 

Calgary

480,656 

500,320 

472,644 

1.7% 

Edmonton

391,378 

397,045 

371,000 

5.5% 

Vancouver

1,267,287 

1,233,182 

1,148,473 

10.3% 

Victoria

477,000 

474,575 

471,000 

1.3% 

National

451,463 

443,379 

428,943 

5.3% 

Source: Royal LePage 

Quarterly House Price Survey - Standard Condominium

 

Market

Q1 2015
Average

Last Quarter
Average

Q1 2014
Average<

Condo %
Change

Halifax

230,000 

220,500 

218,950 

0.5% 

Charlottetown

130,000 

128,000 

130,000 

0.0% 

Fredericton

154,000 

147,000 

151,000 

2.0% 

Saint John

197,100 

163,985 

213,427 

-7.6% 

St. John's

320,833 

335,133 

315,333 

1.7% 

Montreal

242,778 

241,983 

239,561 

1.3% 

Ottawa

262,167 

258,817 

258,500 

1.4% 

Toronto

395,584 

390,488 

369,714 

7.0% 

Winnipeg

195,905 

207,709 

206,291 

-5.0% 

Regina

216,500 

223,500 

215,000 

0.7% 

Saskatoon

277,000 

275,333 

265,000 

4.5% 

Calgary

286,913 

294,725 

278,713 

2.9% 

Edmonton

231,093 

250,953 

224,250 

3.1% 

Vancouver

506,624 

511,150 

482,800 

4.9% 

Victoria

266,500 

258,213 

257,000 

3.7% 

National

261,782 

257,624 

252,174 

3.8% 

Source: Royal LePage 

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