Neighbourhood Price
to
Beds Beds
City Price
to
Beds Baths
Enter The MLS Number
 
Back to Blog

What is affecting Maple Ridge Real Estate this morning from a national perspective? Well this is what Maple Ridge Realtors need to know: Markets are on the rebound from yesterday's sell off.  All of the North American equities were up in the early going.  Bond yields are down 1 - 2 bps.

 

Canada is the source for economic data today and it's a little softer than expected.  Consumer inflation for May clocked-in at an annual rate of 0.7%, up from 0.4% in April.  Core inflation — stripping out volatile items such as some food and energy products — was unchanged at 1.1%, compared with forecasts of a 1.2% gain.

 

Canadian retail sales for April ticked up one notch, rising 0.1% over March.  Slower sales at gas stations offset gains at car dealers.  Six of 11 sub-sectors reported increases.  Sales volumes rose 0.5%.

 

In Canada, 95,000 jobs were created in May. Jobs are the centre of attention today, with most interest focused on the United States in Canada that's the biggest increase in a decade and well above the 15,000 forecast.  Most were full time positions in the private sector.  The unemployment rate is down one-tick to 7.1%.

 

In the U.S. the May, non-farms payroll report beat expectations.  175,000 jobs were created.  The unemployment rate moved up a notch to 7.6% as more people started looking for work.

 

 The numbers appear to please Wall Street.  U.S. markets all opened higher.  The TSX continued its losing streak.  Bond yields are unchanged to +2 bps.

 

Commercial Bond Yields

 

Canada Mortgage Bond

Canada Housing 12/15/18*: 2.17%

Canada Housing 09/15/23*: 2.85%

* denotes interpolated rate

 

Select Government of Canada Bonds

CAN 4.25 06/01/18: 1.73%

CAN 1.50 06/01/23: 2.32%

GOC Bonds are for reference purposes only

 

Floating Insured Cost of Funds

1.20%

 

Bank Prime Rate

3.00%

 

Posted Rate (not discounted by a mortgage broker yet)

1 Year: 3.09%
2 Year: 3.14%
3 Year: 3.65%
4 Year: 4.54%
5 Year: 5.14%

 

Comments

No comments

Post Your Comment:

*indicates required fields.
Your Name:*
Please note, your email will not be shown publicly
Your Email (will not be published):*
Comment:*
Please type the text as it appears above: