Lethbridge Real Estate and Mortgage Info

Canadian Market Stats and Data for Real Estate and Mortgages

Here are some lovely charts, graphs, and numbers that summarize the current marketplace across the provinces.  Of course, I am only really concerned about real estate and mortgage stats that affect Lethbridge real estate and mortgages, but it is sometimes advantageous to keep up to date on the big picture too.

 

Thanks for looking.  I receive a couple of contacts a week from people who say, "I found you on the internet" so I know someone must be reading this stuff, lol.

 

Have a great week.  And here are some numbers to keep you entertained:

 

 

Bank of Canada Interest Rate
January 20, 2009 1.00%
March 3, 2009 0.50%
April 21, 2009 Next meeting date
Source: Bank of Canada


Bank Prime Lending Rate

January 21, 2009 3.00%
March 4, 2009 2.50%
April 22, 2009 Next meeting date
 Source: Bank of Canada

US Federal Reserve Board Discount Rate
December 16, 2008 0.00–0.25%
January 28, 2009 0.00–0.25%
March 17, 2009 Next meeting date
Source: US Federal Reserve
Exchange Rate ($CDN/$US)
Exchange Rate ($CDN/$US)
$CDN/$US January 28, 2009 0.8229
$CDN/$US February 11, 2009 0.8046
$CDN/$US

March 2, 2009

 0.7744
Source:Bank of Canada
Government of Canada Bonds
Bond Type
January 28, 2009
February 11, 2009
February 25, 2009
1 Year Treasury Bill
0.98%
0.82%
0.80%
3 Year Benchmark Bond Yield
1.61%
1.69%
1.72%
5 Year Benchmark Bond Yield
2.03%
2.12%
2.11%
10 Year Benchmark Bond Yield
2.97%
2.94%
2.95%
Source: Bank of Canada
Total New Housing Starts (Seasonable adjusted and annualized)
Province
November 2008
November
2007

December
2008
December
2007
January 2009
January
2008
Newfoundland/Labrador
2,700
3,000
4,000
2,900
3,600
2,400
PEI
800
1,000
900
600
600
500
Nova Scotia
3,600
4,200
3,000
4,400
2,800
3,300
New Brunswick
3,900
3,800
3,000
4,500
3,800
4,500
Quebec
48,200
39,600
44,000
39,200
45,300
47,900
Ontario
58,300
76,300
63,100
51,700
54,700
72,700
Manitoba
5,900
5,000
6,400
4,600
3,600
5,800
Saskatchewan
5,700
5,100
4,700
5,000
3,800
6,000
Alberta
20,400
42,600
20,000
37,900
17,200
41,700
British Columbia
22,400
47,800
23,100
33,900
18,100
38,900
CANADA
172,000
228,500
172,200
184,700
153,500
222,700
Source: CMHC Housing Now – February 2009 and February 2008. This seasonally adjusted data goes through stages of revision at different times of the year.

Average MLS resale price for local markets
City
January 2008
January 2009
Halifax
$218,505
$242,861
Montreal
$247,013
$252,450
Ottawa
$285,736
$290,930
Toronto
$374,449
$343,632
Hamilton/Burglington
$278,189
$264,549
Winnipeg
$174,902
$183,873
Saskatoon
$259,444
$278,545
Calgary
$408,672
$362,143
Edmonton
$352,051
$317,049
Vancouver
$588,183
$536,162

Source: Canadian Real Estate Association

 

 



 

Here are a few of my favorite past articles from my Lethbridge real estate and mortgage blog you might have missed or wish to recommend them to a friend.

Common Financial Problems - Avoid these financial mistakes
Get Your Credit Score UP - Invaluable insight into your credit score
Mortgage Guidelines Get Tighter - Harder and harder to borrow money
Is Your Mortgage Company Out of Business in 2009? - What to do when your bank goes broke
What is wrong with MLS - Is your info being abused?
Survivor - Real Estate Edition - Let's vote a few more off the island

 

 



Robert May is a Realtor, as well as the broker and owner of Rainbow Realty of Lethbridge Alberta. He is also a licensed mortgage associate and financing expert with Canada First Mortgage of Calgary Alberta. He has been in the real estate industry since 1993 and offers full MLS real estate services to Lethbridge and surrounding area, as well as mortgage financing, refinancing/renewals, preapprovals, and home equity financing to Lethbridge and Southern Alberta. He can be found online at www.LethbridgeLoans.com





Let me share my 15 years experience in the local Lethbridge real estate and financing market with you! It is the first step towards making a profitable real estate decision.




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Here are a few of my favorite past articles from my Lethbridge real estate and mortgage blog you might have missed or wish to recommend them to a friend.
 

 

 

 

lethbridge realtor

Robert May is a Realtor, as well as the broker and owner of Rainbow Realty of Lethbridge Alberta . He is also a licensed Lethbridge mortgage broker and financing expert with Canada First Mortgage of Calgary Alberta. He has been in the Lethbridge real estate industry since 1993 and offers full Lethbridge real estate services to Lethbridge and surrounding area, as well as Lethbridge mortgage financing, mortgage refinancing , preapprovals, and Lethbridge loans financing to Lethbridge and Southern Alberta. He can be found online at this link: mortgage broker Lethbridge





Let me share my 16+ years experience in the local Lethbridge real estate and financing market with you! It is the first step towards making a profitable real estate decision.

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5 comments • Robert May - Lethbridge REALTOR ® and Mortgage Broker • March 04 2009 12:17PM
Numbers of Unsold Housing Units 75%-90% Too High
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Lethbridge Mortgage Broker Lethbridge Real Estate Certain markets across Canada have avoided much of the steep downturn experienced in the US. However the majority of our markets have slipped by 10-20% over the highs experienced just a year… more