It’s already near the end of November, Black Friday is here and from the looks of the snowy covered mountains out my office window…the Winter season is officially upon us!
I’ve been getting ready to do a year end recap, where we are now, where we came from and where we are going…however this has been an incredibly bizarre year let alone the month of November itself! I have a sneaking suspicious that all trends we usually see, busy Fall, slow winter, crazy Spring – will be knocked out of the park.
Thus I thought we’d all be interested with a quick refresher on our housing market and Canadian economics and financials for the month of October 2011! The monthly indicator recap is from Canada Guaranty, follow the links below to go to their website directly to find more information and the indicators for all other months as well.
October 2011: Monthly Indicator Recap
November 22, 2011 | Monthly Indicator Recaps, News Releases
Presented below are figures for the month ending October 31, 2011.
(Download to print PDF)
| 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® Sale Price (Canada) |
|
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% |
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
Theresa Shaw 