You are here:   Homenews

April 2013 Real Estate and Mortgage stats

10 April 2013

 

 

 

Bank of Canada Interest Rate

January 23, 2013

1.00 %

March 6, 2013

1.00 %

April 17, 2013

Next meeting date

Source: Bank of Canada


Bank Prime Lending Rate

 

January 24, 2013

3.00 %

March 7, 2013

3.00 %

April 18, 2013

Next meeting date

Source: Bank of Canada



Conventional Mortgage - 5 Year Rate*

 

February 27, 2013

5.24 %

March 13, 2013

5.14 %

March 27, 2013

5.14 %

Source: Bank of Canada
*Determinant for high ratio mortgage variable qualifying rate


US Federal Reserve Board Discount Rate*

 

January 30, 2013

0.00 % - 0.25 %

March 20, 2013

0.00 % - 0.25 %

May 1, 2013

Next meeting date

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


Exchange Rate $CDN($US)

February 27, 2013

.9775

March 13, 2013

.9734

April 1, 2013

.9836

Source: Bank of Canada

Government of Canada Bonds 

 

Bond Type 

February 27, 2013 

March 13, 2013 

March 27, 2013 

1 year Treasury Bill 

1.01% 

1.03% 

1.03% 

3 year Benchmark
Bond Yield
 

1.08% 

1.14% 

1.10% 

5 year Benchmark
Bond Yield
 

1.32% 

1.37% 

1.29% 

10 year Benchmark
Bond Yield
 

1.86% 

1.92% 

1.76% 

Source: Bank of Canada
 
Total New Housing Starts (Seasonally adjusted and annualized)  

Province

December
2012

December
2011

January
2013

January
2012

February
2013

February
2012

Newfoundland/Labrador

3,800 

3,000 

3,500

5,200 

2,300 

2,600

PEI 

1,200 

800 

2,000

700 

400

500

Nova Scotia 

3,200 

8,500 

7,400

2,700 

1,900

4,000 

New Brunswick 

2,400 

3,700 

4,100

4,000 

3,200 

2,300 

Quebec 

42,500 

50,300 

32,000

35,500 

38,300

47,200 

Ontario 

77,400 

71,500 

43,900

79,500 

62,700 

66,500 

Manitoba 

4,700 

4,900 

5,800 

7,000 

5,600 

4,700 

Saskatchewan 

9,900

5,900 

9,000 

8,600 

6,200 

10,200 

Alberta 

30,100

28,300 

29,300 

25,400 

33,300

31,100 

British Columbia 

22,000

23,000 

23,600 

29,400 

23,900

32,000 

CANADA 

197,100 

199,900 

160,600 

198,000 

178,000

201,100 

Source: CMHC Housing Now - March 2012 and March 2013. This seasonally adjusted data goes through stages of revision at different times of the year.



Average MLS® Resale Price for Local Markets

City

February 2012

February 2013

Halifax

$ 265,530 

$ 259,606 

Saint John

$ 180,104 

$ 171,191 

Quebec

$ 254,155 

$ 267,826 

Montreal

$ 320,165 

$ 325,261 

Ottawa

$ 349,797 

$ 348,386 

Toronto

$ 502,508 

$ 510,580 

Hamilton/Burlington

$ 356,980 

$ 375,381 

Winnipeg

$ 250,753 

$ 270,463 

Saskatoon

$ 297,628 

$ 313,781

Regina

$ 285,374 

$ 310,551 

Calgary

$ 405,687 

$ 438,755 

Edmonton

$ 329,820 

$ 334,347

Vancouver

$ 806,094 

$ 760,976 

Victoria

$ 464,570

$ 463,265 

Source: Canadian Real Estate Association

Quarterly House Price Survey Q1 2013

Detached Bungalows

 

Market

Q1 2013 Average

Last Quarter Avg

Q1 2012 Average

Bungalow % Change

Halifax

294,667

292,833

273,333

7.8%

Charlottetown

173,000

172,000

170,000

1.8%

Moncton

158,000

156,000

145,700

8.4%

Fredericton

207,000

205,000

205,000

1.0%

Saint John

176,000

176,357

191,000

-7.9%

St. John's

290,000

271,667

262,500

10.5%

Montreal

287,850

282,911

286,000

0.6%

Ottawa

388,583

386,000

385,667

0.8%

Toronto

565,700

558,345

544,450

3.9%

Winnipeg

302,896

304,157

283,375

6.9%

Regina

329,250

333,330

316,500

4.0%

Saskatoon

352,500

363,750

338,750

4.1%

Calgary

451,833

440,600

422,989

6.8%

Edmonton

329,679

331,429

324,143

1.7%

Vancouver

1,013,750

1,001,250

1,068,500

-5.1%

Victoria

452,140

470,000

470,000

-3.8%

National

364,857

356,790

356,306

2.4%

 

Standard Two-Storey

 

Market

Q1 2013 Average

Last Quarter Avg

Q1 2012 Average

2 Storey % Change

Halifax

319,833

314,500

306,667

4.3%

Charlottetown

205,000

205,000

200,000

2.5%

Moncton

137,200

137,800

134,800

1.8%

Fredericton

220,000

220,000

208,000

5.8%

Saint John

275,000

305,230

293,250

-6.2%

St. John's

387,667

367,333

350,500

10.6%

Montreal

392,929

379,546

387,429

1.4%

Ottawa

391,250

389,167

387,833

0.9%

Toronto

671,252

668,133

645,467

4.0%

Winnipeg

319,409

320,226

309,250

3.3%

Regina

377,000

382,500

299,000

26.3%

Saskatoon

384,000

376,750

372,250

3.2%

Calgary

439,800

434,667

418,233

5.2%

Edmonton

357,109

356,286

354,714

0.7%

Vancouver

1,116,250

1,102,500

1,182,250

-5.6%

Victoria

452,115

475,000

459,000

-1.5%

National

407,044

390,444

398,282

2.2%

 

Source: Royal LePage March 2013

No one has commented on this article

Write a comment

Your Name (required)
Comments
NEWSLETTER SIGNUP
Sing up to get the latest news and updates from ClearView Mortgage Corp.

Privacy Policy
Tell a Friend
STAY CONNECTED RSS FEED
USEFUL LINKS Get Free ReportBlog - Mortgage Tips
created by robkos
Walter Pawlowski Ontario Mortgage Agent M11002486