Welcome to Brian Ripley's Canadian Housing Price Charts Blog for Vancouver, Calgary, Edmonton, Toronto, Ottawa and Montreal comparing Canadian Real Estate House Prices and Market Values against a Backdrop of Gold Bullion, Oil, CPI, Interest Rates, the Canadian Yield Curve and the S&P TSX Housing, Financial Services, Energy and Gold indices. Also available are the current Canadian census population data, Stats Can employment data, mortgage affordability tables and a quick and easy spreadsheet for discovering real estate value. I update the commentary, the monthly price change summary, the housing and financial charts, the percentage price change scorecard and the Plunge-O-Meter, usually by the 2nd week of the month which is when the Canadian real estate boards generally have their data published from the previous month. If you want to advertise on this site, contact Brian Ripley

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This chart shows that in February 2010 the spread between the Bank of Canada rate and the Commercial 5 year mortgage narrowed by 10 bps. The sudden 35 bps spike of fear in October is a warning that the current real estate rebound out of the December 2008 gloom is going to be shut down eventually; credit is being scrutinized and risk appetite can turn to aversion by lenders. Finance Minister Jim Flaherty picked up on the Bank of Canada’s warning, saying "The government is monitoring household debt levels, and could introduce regulatory changes that would make it more difficult for Canadians to get mortgage insurance .... there’s lots of money being lent and I do ask Canadians to be mindful of the fact that interest rates will not be low indefinitely"  It's not if, but when. Notice the CPI is rising and real rates are negative.

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