Catherine Wong Bourbeau AMP
Agent # M08003033 - Mortgage Planner
416-236-9300 ext. 22
March 2011...CAAMP Statistics
Bank of Canada Interest Rate| January 18, 2011 | 1.00 % |
| March 1, 2011 | 1.00 % |
| April 12, 2011 | Next meeting date |
| 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 |
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 |
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 |
Household Financial Vulnerability
Source: TD Economics, February 2011
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
Debt-to- Income Ratio (%) Debt Service Ratio (%) % of households Debt-to- Asset Ratio (%) Home Price to Income Ratio Personal Savings Rate (%) Est. 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 15.0 160.5 22.0 5.9 27.2 8.8 -4.2
level as of 2010-to-date*
Source: Ipsos Reid Canadian Financial Monitor, Statistics Canada, Haver Analytics
with a debt-service ratio above 40%
Can
B.C
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
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