Bank of Canada Interest Rate

March 5, 2014 1.00%
April 16, 2014 1.00%
June 4, 2014 Next meeting date

Source: Bank of Canada

Bank Prime Lending Rate

March 6, 2014 3.00%
April 17, 2014 3.00%
June 5, 2014 Next meeting date

Source: Bank of Canada

Conventional Mortgage – 5 Year Rate*

March 26, 2014 4.99%
April 9, 2014 4.99%
April 23, 2014 4.99%

Source: Bank of Canada

*Determinant for high ratio mortgage variable qualifying rate

US Federal Reserve Board Discount Rate*

March 19, 2014 0.00%-0.25%
April 30, 2014 0.00%-0.25%
June 18, 2014 Next meeting date

Source: US Federal Reserve

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

Exchange Rate $CDN($US)

April 3, 2014 0.9059
April 14, 2014 0.9130
April 30, 2014 0.9124

Source: Bank of Canada

Government of Canada Bonds

Bond   Type March 26, 2014 April 9, 2014 April 23, 2014
1 year Treasury Bill 0.97% 0.99% 0.99%
3 year Benchmark Bond   Yield 1.23% 1.23% 1.19%
5 year Benchmark Bond   Yield 1.69% 1.71% 1.69%
10 year Benchmark Bond   Yield 2.45% 2.47% 2.42%

Source: Bank of Canada

Total New Housing Starts (Seasonally adjusted and annualized)

Province January
2014
January
2013
February 2014 February 2013 March 2014 March 2013
Newfoundland/Labrador     2,400     3,500     4,600     2,500     1,200     2,800
PEI        600     2,000        300       400        200        300
Nova Scotia     2,000     7,400     1,700     1,500     2,400     5,000
New Brunswick     1,900     4,100     3,500     3,400     1,500     1,300
Quebec   32,100   32,000   52,300   38,900   35,600   37,400
Ontario   58,700   43,900   59,500   64,500   39,000   55,100
Manitoba     3,800     5,800     4,100     5,700     4,000   11,000
Saskatchewan     9,200     9,000     6,000     5,300     5,700     7,400
Alberta   39,300   29,300   35,700   35,300   39,900   34,800
British Columbia   26,300   23,600   23,000   23,400   27,400   26,000
CANADA 176,500 160,600 190,700 181,000 156,800 181,100

Source: CMHC Housing Now – April 2013 and April 2014. This seasonally adjusted data goes through stages of revision at different times of the year.

Average MLS resale price for local markets

City March 2013 March 2014
St. John’s $309,281 $354,444
Halifax $282,048 $268,333
Saint John $164,182 $169,978
Quebec $264,789 $252,400
Montreal $319,684 $320,558
Ottawa $359,321 $359,286
Toronto $519,879 $557,684
Hamilton/Burlington $388,147 $410,553
Winnipeg $271,198 $278,527
Saskatoon $331,249 $344,600
Regina $314,353 $328,781
Calgary $441,424 $462,994
Edmonton $356,372 $361,870
Vancouver $759,340 $801,543
Victoria $474,937 $493,323

Source: Canadian Real Estate Association

Quarterly Housing Prices

Detached Bungalow

Market

Q1 2014 Average

Last Quarter Average

Q1 2013 Average

Bungalow % Change

Halifax

295,500

300,000

294,667

0.3%

Charlottetown

173,000

173,000

173,000

0.0%

Moncton

153,000

155,200

158,000

-3.2%

Fredericton

203,000

203,000

207,000

-1.9%

Saint John

181,425

175,964

176,000

3.1%

St. John’s

302,000

296,000

290,000

4.1%

Montreal

294,557

291,050

285,046

3.3%

Ottawa

395,667

395,167

387,333

2.2%

Toronto

589,250

580,151

565,800

4.1%

Hamilton

234,127

234,241

225,088

4.0%

Winnipeg

306,507

303,760

302,896

1.2%

Regina

330,000

331,500

329,250

0.2%

Saskatoon

363,750

367,250

352,500

3.2%

Calgary

480,222

468,967

451,833

6.3%

Edmonton

341,651

344,583

324,563

5.3%

Vancouver

1,062,318

1,041,300

1,013,750

4.8%

Victoria

487,000

460,000

470,000

3.6%

National

380,765

380,710

364,867

4.4%

 Standard Two-Storey

Market

Q1 2014 Average

Last Quarter Average

Q1 2013 Average

Two Storey % Change

Halifax

325,933

329,633

319,833

1.9%

Charlottetown

205,000

205,000

205,000

0.0%

Moncton

135,000

141,000

137,200

-1.6%

Fredericton

215,000

215,000

220,000

-2.3%

Saint John

278,145

277,896

275,000

1.1%

St. John’s

408,333

401,010

392,667

4.0%

Montreal

406,179

401,714

392,000

3.6%

Ottawa

398,500

397,667

390,500

2.0%

Toronto

716,698

686,250

671,252

6.8%

Hamilton

301,289

302,998

290,622

3.7%

Winnipeg

325,072

316,508

309,222

5.1%

Regina

379,000

370,250

377,750

0.3%

Saskatoon

393,500

379,250

384,000

2.5%

Calgary

472,644

461,089

439,800

7.5%

Edmonton

371,000

360,909

351,691

5.5%

Vancouver

1,148,473

1,151,550

1,116,250

2.9%

Victoria

491,000

463,000

475,000

3.4%

National

428,943

418,282

407,044

5.4%

 

 

Source: Royal Lepage, April, 2014