Economic stats for March 2011
| January 18, 2011 | 1.00 % |
| March 1, 2011 | 1.00 % |
| April 12, 2011 | Next meeting date |
Bank Prime Lending Rate
| January 19, 2011 | 3.00 % |
| March 2, 2011 | 3.00 % |
| April 13, 2011 | Next meeting date |
Conventional Mortgage – 5 Year Rate*
| January 19, 2011 | 5.19 % |
| February 9, 2011 | 5.44 % |
| February 23, 2011 | 5.44 % |
*Determinant for high ratio mortgage variable qualifying rate
US Federal Reserve Board Discount Rate
| December 14, 2010 | 0.00 % – 0.25 % |
| January 26, 2011 | 0.00 % – 0.25 % |
| March 15, 2011 | Next Meeting date |
Exchange Rate $CDN($US)
| January 31, 2011 | 0.9985 $CDN ($US) |
| February 11, 2011 | 1.0134 $CDN ($US) |
| March 1, 2011 | 1.0257 $CDN ($US) |
Government of Canada Bonds
| Bond Type | January 26, 2011 | February 9, 2011 | February 23, 2011 |
| 1 year Treasury Bill | 1.33% | 1.36% | 1.36% |
| 3 year Benchmark Bond Yield |
1.91% | 2.06% | 2.15% |
| 5 year Benchmark Bond Yield |
2.56% | 2.74% | 2.61% |
| 10 year Benchmark Bond Yield |
3.31% | 3.95% | 3.32% |
Total New Housing Starts (Seasonally adjusted and annualized)
| Province | November
2010 |
November 2009 | December 2010 | December 2009 | January 2011 | January 2010 |
| Newfoundland/Labrador | 3,100 | 3,200 | 3,200 | 4,200 | 3,800 | 3,600 |
| PEI | 1,000 | 1,000 | 1,100 | 1,300 | 800 | 600 |
| Nova Scotia | 3,600 | 2,800 | 2,800 | 2,900 | 4,600 | 2,800 |
| New Brunswick | 3,600 | 3,900 | 3,100 | 3,600 | 3,500 | 5,200 |
| Quebec | 44,100 | 40,400 | 47,900 | 51,600 | 48,800 | 55,100 |
| Ontario | 83,300 | 53,000 | 46,400 | 56,300 | 51,400 | 55,500 |
| Manitoba | 5,500 | 4,200 | 6,500 | 3,400 | 3,900 | 5,100 |
| Saskatchewan | 9,400 | 6,100 | 7,500 | 4,500 | 6,100 | 6,400 |
| Alberta | 21,500 | 24,800 | 20,500 | 27,800 | 19,300 | 23,500 |
| British Columbia | 20,800 | 19,200 | 30,000 | 22,200 | 28,200 | 27,600 |
| CANADA | 195,900 | 158,500 | 169,000 | 177,800 | 170,800 | 185,400 |
Source: CMHC Housing Now – February 2011 and February 2010. This seasonally adjusted data goes through stages of revision at different times of the the year.
Average MLS® Resale Price for Local Markets
| City | January 2010 | January 2011 |
| Halifax | $241,968 | $252,141 |
| Saint John | $168,439 | $171,788 |
| Quebec | $224,088 | $240,646 |
| Montreal | $284,384 | $294,436 |
| Ottawa | $323,762 | $329,640 |
| Toronto | $409,058 | $427,159 |
| Hamilton/Burlington | $288,397 | $325,732 |
| Winnipeg | $213,134 | $229,716 |
| Saskatoon | $270,191 | $300,353 |
| Regina | $240,276 | $260,133 |
| Calgary | $382,009 | $394,455 |
| Edmonton | $314,783 | $315,483 |
| Vancouver | $637,637 | $762,562 |
| Victoria | $509,514 | $486,384 |
Source: Canadian Real Estate Association
Household Financial Vulnerability
The index is not a predictor, but is aimed at capturing which regions are more vulnerable in the event of an unexpected adverse economic shock, such as a rise in the unemployment rate or a spike in interest rates.
Snapshot of Canadian Household Debt Indicators by Region
level as of 2010-to-date*
| Debt-to- Income Ratio (%) | Debt Service Ratio (%) | % of households
with a debt-service ratio above 40% |
Debt-to- Asset Ratio (%) | Home Price to Income Ratio | Personal Savings Rate (%) Est. | |
| Can | 127.0 | 18.6 | 6.5 | 28.7 | 5.9 | 3.9 |
| Atl. | 96.7 | 17.3 | 6.3 | 29.8 | 3.7 | 0.7 |
| QC | 99.5 | 16.9 | 5.6 | 29.3 | 5.2 | 4.2 |
| ON | 135.2 | 18.9 | 6.9 | 28.6 | 5.3 | 2.9 |
| MB | 100.1 | 14.3 | 1.9 | 25.5 | 4.1 | 3.1 |
| SK | 116.8 | 18.1 | 8.8 | 25.7 | 4.4 | 4.1 |
| AB | 143.2 | 19.2 | 8.4 | 30.2 | 4.8 | 15.0 |
| B.C | 160.5 | 22.0 | 5.9 | 27.2 | 8.8 | -4.2 |
Source: Ipsos Reid Canadian Financial Monitor, Statistics Canada, Haver Analytics
TD Economics, February 2011
Note: Note micro-data data differs from national aggregates due to methodological differences
*Includes first three-quarters of 2010, for households who hold debt
