Market Balances in June
Ottawa, July 6, 2010: Members of the Ottawa Real Estate Board sold 1,615 residential properties in June through the Board’s Multiple Listing Service® system compared with 1,897 in June 2009, a decrease of 14.9 per cent. Of those sales, 418 were in the condominium property class, while 1,197 were in the residential property class. |
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BOND YIELDS PLUNGE, SPREAD INCREASES TO NEW HIGH
The bond market continues to defy economists’ expectations. The 5-year yield has fallen to 2.30%, well below technical support at 2.40%. Disappointing Canadian GDP, weaker growth in China, and rallying U.S treasuries are just the latest catalysts pushing down yields. |
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The following is an article posted by one of our lenders recently, an interesting exercise. However with the recent plunge in the bond market yields there is pressure on the fixed rate market to lower rates, so it will be interesting to see how that develops. |
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Market Evolution
