October 2011: Monthly Indicator Recap

 

MONTHLY INDICATOR RECAP OCTOBER 2011 For mortgage professionals, staying ahead of the curve is essential. In a constantly changing environment, understanding relevant housing data and economic indicators is vital to developing your business while offering the best service to your customers. Each month, Canada Guaranty provides mortgage professionals with a Monthly Indicator Recap, a brief report highlighting key indi cators affecting the current mortgage and housing market. Presented below are the figures for the month ending October 31, 2011.  HOUSING INDICATORS* DIRECTION % CHANGE (vs. last month) OCTOBER LEVELS Volume of MLS® Home Listings 0.26% 72,739 Volume of MLS® Home Sales 1.26% 38,819 Average MLS® Sales Price (Canada)  -0.84%0.65%  $363,504      ECONOMIC  INDICATORS**  DIRECTION % CHANGE (vs. last month) RATES Unemployment Rate (October 2011) 0.20% 7.30% GDP (August 2011) 0.30% N/A Retail Sales (August 2011) 0.50% N/A Consumer Price Index (September 2011) 3.20% (Year-to-year, September)  N/A  FINANCIAL INDICATORS DIRECTION % CHANGE (vs. last month) RATES Prime Rate** 0.00% 3.00% 5 Year Fixed Posted Mortgage Rate*** 0.10% 5.29% MLS® is a registered certification mark owned by The Canadian Real Estate Association. * Seasonally adjusted month-to-month results; Source:  The Canadian Real Estate Association ** Source: Statistics Canada *** Source: RBC Additional reports may be found on the Canada Guaranty website by clicking on: Monthly Indicator Recaps     Canada Guaranty Mortgage Insurance Company 1 Toronto St., Suite 400, Toronto, ON M5C 2V6 www.canadaguaranty.ca Main Number 866.414.9109 National Underwriting Centre 877.244.8422   To unsubscribe from the Canada Guaranty newsletter, please click here.   Copyright © Canada Guaranty Mortgage Insurance Company. All Rights Reserved. All mortgage insurance is underwritten by Canada Guaranty Mortgage Insurance Company. Contact Us | Terms of Use | Privacy Policy