MLS Archives - Craigburn Capital

Here is October 2009’s monthly update on key economic data. Please contact me if you have any questions.

Cheers,

Pat

p.s- You can find me on Twitter,Linkedin, Facebookand friendfeed.

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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Below are the details on some key factors in our economy. Take a look and let me know what you think. Feel free to to contact me if you have any questions.

Bank of Canada Interest Rate

June 4, 2009	0.25%
July 21, 2009	0.25%*
September 10, 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

June 5, 2009	2.25%
July 22, 2009	2.25%
September 11, 2009	Next meeting date

Source: Bank of Canada

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US Federal Reserve Board Discount Rate

June 24, 2009	0.00% 0.25%
August 11, 2009	0.00% 0.25%
September 22, 2009	Next meeting date

Source: US Federal Reserve

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Exchange Rate $CDN($US)

July 30, 2009	.9223 $CDN($US)
August 14, 2009	.9093 $CDN($US)
August 28, 2009	.9132 $CDN($US)

Source: Bank of Canada

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Government of Canada Bonds

Bond Type	July 29, 2009	August 12, 2009	August 26, 2009
1 year Treasury Bill	0.59%	0.57%	0.53%
3 year Benchmark Bond Yield	1.94%	1.80%	1.79%
5 year Benchmark Bond Yield	2.66%	2.62%	2.65%
10 year Benchmark Bond Yield	3.53%	3.52%	3.39%

Source: Bank of Canada

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Total New Housing Starts (Seasonable adjusted and annualized)

Province	May 2009	May 2008	June 2009	June 2008	July 2009	July 2008
Newfoundland/Labrador	2,800	2,900	2,900	2,800	2,900	1,800
PEI	800	700	1,000	600	600	400
Nova Scotia	2,900	3,800	2,700	3,900	3,300	3,400
New Brunswick	3,700	5,100	3,300	4,600	3,800	3,200
Quebec	40,100	50,300	37,900	46,500	46,200	43,900
Ontario	44,500	71,200	45,800	82,000	39,100	59,200
Manitoba	3,700	7,200	5,000	5,500	4,000	3,400
Saskatchewan	3,000	6,500	5,100	10,800	3,600	4,700
Alberta	14,200	35,500	20,000	23,600	17,600	29,000
British Columbia	11,700	38,000	14,100	35,600	13,100	37,300
Canada	127,400	221,300	137,800	215,900	134,200	186,500

Source: CMHC Housing Now – August 2009 and August 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	July 2008	July 2009
Halifax	$236,514	$243,524
Saint John, NB	$154,273	$156,010
Montréal	$272,039	$280,890
Ottawa	$295,134	$300,635
Toronto	$371,410	$395,414
Hamilton/Burlington	$281,580	$296,591
Winnipeg	$195,964	$206,135
Saskatoon	$292,428	$283,619
Calgary	$402,788	$381,740
Edmonton	$335,100	$324,744
Vancouver	$575,526	$584,105
Victoria	$487,864	$475,490

Source: Canadian Real Estate Association

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Housing Affordability Index

Detached Bungalow
	Average Price		Qualifying Income	Affordability Measure
Province	Q1 2009	Y/Y % ch.	Q1 2009	Q4 2008	Q1 2009
British Columbia	480,700	-6.4	97,200	65.0	59.0
Alberta	336,100	-9.1	74,200	37.8	33.2
Saskatchewan	291,400	-0.4	67,700	45.3	42.0
Manitoba	219,400	0.7	55,400	38.2	35.3
Ontario	306,400	-2.5	72,700	42.8	38.6
Quebec	191,500	1.5	46,700	34.8	32.3
Atlantic	182,200	5.2	46,200	34.2	31.3
Toronto	417,900	-3.9	93,100	51.4	45.9
Montreal	235,700	0.8	55,300	39.7	36.5
Vancouver	575,200	-9.6	114,300	69.3	62.6
Ottawa	317,500	1.9	77,600	42.8	39.1
Calgary	391,800	-11.5	82,400	40.9	35.1
Edmonton	328,300	-7.1	73,900	38.0	34.0
Canada	293,800	-3.1	67,200	43.4	39.4

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Standard Two-Storey
	Average Price		Qualifying Income	Affordability Measure
Province	Q1 2009	Y/Y % ch.	Q1 2009	Q4 2008	Q1 2009
British Columbia	530,500	-6.3	107,600	72.7	65.3
Alberta	358,800	-9.7	80,900	42.3	36.2
Saskatchewan	301,000	-5.2	72,100	47.3	44.8
Manitoba	236,300	3.5	59,200	41.4	37.8
Ontario	348,900	-2.0	83,200	49.2	44.2
Quebec	225,100	-1.8	55,400	42.0	38.4
Atlantic	207,400	5.7	54,000	40.0	36.5
Toronto	494,600	-3.3	110,600	61.6	54.6
Montreal	299,100	-1.1	69,300	50.2	45.7
Vancouver	632,900	-9.5	125,800	77.5	68.9
Ottawa	318,500	2.8	81,000	44.3	40.8
Calgary	290,700	-12.4	84,600	42.6	36.0
Edmonton	365,300	-7.7	83,100	44.2	38.2
Canada	330,100	-3.4	76,200	49.7	44.7

Source: RBC Financial Group Housing Affordability Index, July 2009. Index based on a 25% down payment and a 25 year mortgage loan at a five year fixed rate. The higher the index, the more difficult it is to afford home. An affordability index of 50 means that homeownership costs including mortgage payments, utilities and property taxes take up half of a typical household’s monthly pre-tax income.

Cheers,

Pat

p.s- You can find me on Twitter,Linkedin, Facebookand friendfeed.

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