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23 November 2011

October 2011: Monthly Indicator Recap

 

 

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MONTHLY INDICATOR RECAP
OCTOBER 2011

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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.

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Presented below are the figures for the month ending October 31, 2011.

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 HOUSING INDICATORS*

DIRECTION

% CHANGE
(vs. last month)

OCTOBER LEVELS

Volume of MLS® Home Listings

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0.26%

72,739

Volume of MLS® Home Sales

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1.26%

38,819

Average MLS® Sales Price
(Canada)

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 -0.84%0.65%

 $363,504   

  ECONOMIC  INDICATORS** 

DIRECTION

% CHANGE
(vs. last month)

RATES

Unemployment Rate
(October 2011)

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0.20%

7.30%

GDP
(August 2011)

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0.30%

N/A

Retail Sales
(August 2011)

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0.50%

N/A

Consumer Price Index
(September 2011)

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3.20%
(Year-to-year, September)

 N/A 

FINANCIAL INDICATORS

DIRECTION

% CHANGE
(vs. last month)

RATES

Prime Rate**

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0.00%

3.00%

5 Year Fixed Posted Mortgage Rate***

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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

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Additional reports may be found on the Canada Guaranty website by clicking on: Monthly Indicator Recaps

 

 

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Canada Guaranty Mortgage Insurance Company
1 Toronto St., Suite 400, Toronto, ON M5C 2V6
www.canadaguaranty.ca

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Main Number 866.414.9109
National Underwriting Centre
877.244.8422

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