Here is October 2009’s monthly update on key economic data. Please contact me if you have any questions.
Cheers,
Pat
Bank of Canada Interest Rate
| July 21, 2009 |
0.25% |
| September 10, 2009 |
0.25%* |
| October 20, 2009 |
Next meeting date |
Source: Bank of Canada
*Bank of Canada statement included reference to hold rate to end of second quarter 2010
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Bank Prime Lending Rate
| July 22, 2009 |
2.25% |
| September 11, 2009 |
2.25% |
| October 21, 2009 |
Next meeting date |
Source: Bank of Canada
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US Federal Reserve Board Discount Rate
| August 11, 2009 |
0.00% ˆ 0.25% |
| September 22, 2009 |
0.00% ˆ 0.25% |
| November 4, 2009 |
Next meeting date |
Source: US Federal Reserve
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Exchange Rate $CDN($US)
| August 28, 2009 |
.9132 $CDN($US) |
| September 18, 2009 |
.9348 $CDN($US) |
| September 30, 2009 |
.9340 $CDN($US) |
Source: Bank of Canada
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Government of Canada Bonds
| Bond Type |
August 26,
2009 |
September 16, 2009 |
September 30, 2009 |
| 1 year Treasury Bill |
0.53% |
0.50% |
0.57% |
3 year Benchmark
Bond Yield |
1.79% |
1.94% |
1.89% |
5 year Benchmark
Bond Yield |
2.65% |
2.62% |
2.57% |
10 year Benchmark
Bond Yield |
3.39% |
3.38% |
3.31% |
Source: Bank of Canada
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Total New Housing Starts (Seasonable adjusted and annualized)
| Province |
June
2009 |
June
2008 |
July
2009 |
July
2008 |
August
2009 |
August
2008 |
| Newfoundland/Labrador |
2,900 |
2,800 |
2,900 |
1,800 |
2,400 |
3,100 |
| PEI |
1,000 |
600 |
600 |
400 |
1,000 |
700 |
| Nova Scotia |
2,700 |
3,900 |
3,300 |
3,400 |
4,200 |
3,300 |
| New Brunswick |
3,300 |
4,600 |
3,800 |
3,200 |
3,700 |
3,800 |
| Quebec |
37,900 |
46,500 |
46,200 |
43,900 |
47,300 |
43,300 |
| Ontario |
45,800 |
82,000 |
39,100 |
59,200 |
44,200 |
89,800 |
| Manitoba |
5,000 |
5,500 |
4,000 |
3,400 |
5,000 |
5,400 |
| Saskatchewan |
5,100 |
10,800 |
3,600 |
4,700 |
5,100 |
5,300 |
| Alberta |
20,000 |
23,600 |
17,600 |
29,000 |
18,400 |
22,900 |
| British Columbia |
14,100 |
35,600 |
13,100 |
37,300 |
19,200 |
33,500 |
| Canada |
137,800 |
215,900 |
134,200 |
186,500 |
150,500 |
211,100 |
Source: CMHC Housing Now – September 2009 and September 2008.
This seasonally adjusted data goes through stages of revision at different times of the year.
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Average MLS resale price for local markets
| City |
August 2008 |
August 2009 |
| Halifax |
$222,180 |
$231,203 |
| Saint John, NB |
$158,669 |
$166,117 |
| Montréal |
$263,165 |
$276,243 |
| Ottawa |
$282,792 |
$312,176 |
| Toronto |
$364,880 |
$387,899 |
| Hamilton/Burlington |
$283,974 |
$291,374 |
| Winnipeg |
$190,979 |
$207,389 |
| Saskatoon |
$279,366 |
$281,871 |
| Calgary |
$390,091 |
$388,725 |
| Edmonton |
$329,207 |
$318,321 |
| Vancouver |
$557,114 |
$608,032 |
| Victoria |
$452,205 |
$481,279 |
Source: Canadian Real Estate Association
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