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September Issue of CAAMP Statistics

Bank of Canada Interest Rate

July 17, 2013

1.00 %

September 4, 2013

1.00 %

October 23, 2013

Next meeting date

 

Bank Prime Lending Rate

July 18, 2013

3.00 %

September 5, 2013

3.00 %

October 24, 2013

Next meeting date


Conventional
 Mortgage - 5 Year Rate* 

July 31, 2013

5.14 %

August 14, 2013

5.14 %

August 28, 2013

5.34 %

*Determinant for high ratio mortgage variable qualifying rate

US
 Federal Reserve Board Discount Rate*

June 19, 2013

0.00 % - 0.25 %

July 31, 2013

0.00 % - 0.25 %

September 18, 2013

Next meeting date

*US Federal Reserve has indicated it will now keep this rate until unemployment reaches 6.5%

Exchange Rate $CDN($US)

July 31, 2013

0.9735

August 14, 2013

0.9682

August 28, 2013

0.9537


Government of Canada Bonds

Bond Type

July 31, 2013

August 14, 2013

August 28, 2013

1 year Treasury Bill

1.13%

1.12%

1.11%

3 year Benchmark
Bond Yield

1.27%

1.33%

1.32%

5 year Benchmark
Bond Yield

1.74%

1.89%

1.90%

10 year Benchmark
Bond Yield

2.45%

2.62%

2.63%




Total New Housing Starts (Seasonally adjusted and annualized)

Province                        

May
2013

May
2012

June
2013

 


  June 
   2012

 


July
2013


 July 
2012 

Newfoundland/Labrador

3,100

3,500

3,200

4,700

3,100

4,300

PEI

1000

700

900

1,300

700

1,200

Nova Scotia

5,200

3,700

2,800

4,100

4,200

2,800

New Brunswick

3,800

4,100

4,600

5,400

2,200

3,700

Quebec

39,200

43,700

35,800

48,100

36,200

50,300

Ontario

70,230

79,600

62,300

73,300

61,500

74,300

Manitoba

5,300

10,500

7,200

5,000

11,200

6,500

Saskatchewan

7,800

5,700

8,600

10,800

8,300

7,500

Alberta

42,400

31,400

37,900

33,500

33,600

31,400

British Columbia

22,100

28,500

30,600

36,500

31,900

26,000

CANADA

199,900

211,400

193,800

222,700

192,800

208,000




Average MLS® Resale Price for Local Markets

 



Canadian Housing Affordability Index


Standard two-storey



Standard Condominium

The measures are based on a 25% down payment, a 25-year mortgage loan at a five-year fixed rate, andare estimated on a quarterly basis

 

Find out how this affects you by calling Sutton Group
Mississauga Office: 905-896-3333

Posted: Saturday, September 21, 2013 12:01 PM by Sutton Realty

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