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The Greg Nowik Team

Mortgage Planning since 1989

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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
Source: Bank of Canada

Bank Prime Lending Rate

January 19, 2011 3.00 %
March 2, 2011 3.00 %
April 13, 2011 Next meeting date
Source: Bank of Canada

Conventional Mortgage - 5 Year Rate*

January 19, 2011 5.19 %
February 9, 2011 5.44 %

February 23, 2011

5.44 %
Source: Bank of Canada
*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
Source: US Federal Reserve

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)
Source: Bank of Canada

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%
Source: Bank of Canada

Total New Housing Starts (Seasonally adjusted and annualized)

Province

November
2010

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

Source: CMHC Housing Now - February 2011 and February 2010. This seasonally adjusted data goes through stages of revision at different times of the the year.

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
Source: Canadian Real Estate Association

Household Financial Vulnerability

Stats March
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
level as of 2010-to-date*


    

Debt-to- Income Ratio (%)

Debt Service Ratio (%)

% of households
with a debt-service ratio above 40%

Debt-to- Asset Ratio (%)

Home Price to Income Ratio

Personal Savings Rate (%) Est.

Can

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

B.C

160.5

22.0

5.9

27.2

8.8

-4.2

Source: Ipsos Reid Canadian Financial Monitor, Statistics Canada, Haver Analytics
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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