So, what the Liberal government of Ontario has done for electricity, they are now doing for housing:
Ontario’s Fair Housing Plan introduces a comprehensive package of measures to help more people find affordable homes, increase supply, protect buyers and renters and bring stability to the real estate market.
The roots of the housing price boom are:
- low interest rates
- an explosion of CMHC guarantees, and
- unsatisfactory stock market returns
I don’t see anything in the plan that addresses any of that.
| HIMIPref™ Preferred Indices These values reflect the December 2008 revision of the HIMIPref™ Indices Values are provisional and are finalized monthly |
|||||||
| Index | Mean Current Yield (at bid) |
Median YTW |
Median Average Trading Value |
Median Mod Dur (YTW) |
Issues | Day’s Perf. | Index Value |
| Ratchet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.4083 % | 2,147.3 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.4083 % | 3,940.1 |
| Floater | 3.55 % | 3.65 % | 44,980 | 18.19 | 4 | -0.4083 % | 2,270.7 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1304 % | 3,023.7 |
| SplitShare | 4.94 % | 4.15 % | 54,223 | 0.62 | 6 | -0.1304 % | 3,610.9 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1304 % | 2,817.4 |
| Perpetual-Premium | 5.28 % | -6.10 % | 74,238 | 0.09 | 23 | 0.1816 % | 2,787.3 |
| Perpetual-Discount | 5.08 % | 5.07 % | 108,450 | 15.33 | 13 | -0.0032 % | 2,997.3 |
| FixedReset | 4.38 % | 3.96 % | 235,704 | 6.64 | 94 | 0.1465 % | 2,360.8 |
| Deemed-Retractible | 4.98 % | 4.49 % | 144,737 | 0.10 | 31 | 0.1426 % | 2,892.5 |
| FloatingReset | 2.55 % | 3.11 % | 56,094 | 4.51 | 9 | 0.2146 % | 2,540.8 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| PWF.PR.T | FixedReset | -1.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2047-04-20 Maturity Price : 22.76 Evaluated at bid price : 23.13 Bid-YTW : 3.75 % |
| MFC.PR.N | FixedReset | 1.29 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 22.01 Bid-YTW : 5.51 % |
| TRP.PR.F | FloatingReset | 1.54 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2047-04-20 Maturity Price : 19.11 Evaluated at bid price : 19.11 Bid-YTW : 3.29 % |
| MFC.PR.M | FixedReset | 2.19 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 21.98 Bid-YTW : 5.60 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| BMO.PR.C | FixedReset | 360,183 | YTW SCENARIO Maturity Type : Call Maturity Date : 2022-05-25 Maturity Price : 25.00 Evaluated at bid price : 25.83 Bid-YTW : 3.91 % |
| TD.PF.D | FixedReset | 150,378 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2047-04-20 Maturity Price : 22.55 Evaluated at bid price : 23.24 Bid-YTW : 4.04 % |
| BAM.PR.X | FixedReset | 102,113 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2047-04-20 Maturity Price : 16.99 Evaluated at bid price : 16.99 Bid-YTW : 4.22 % |
| RY.PR.M | FixedReset | 62,000 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2047-04-20 Maturity Price : 22.42 Evaluated at bid price : 23.08 Bid-YTW : 3.96 % |
| IAG.PR.G | FixedReset | 56,850 | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 23.05 Bid-YTW : 5.18 % |
| BAM.PR.T | FixedReset | 45,769 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2047-04-20 Maturity Price : 20.00 Evaluated at bid price : 20.00 Bid-YTW : 4.26 % |
| There were 40 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| EML.PR.A | FixedReset | Quote: 26.62 – 27.09 Spot Rate : 0.4700 Average : 0.3239 YTW SCENARIO |
| PWF.PR.T | FixedReset | Quote: 23.13 – 23.43 Spot Rate : 0.3000 Average : 0.1998 YTW SCENARIO |
| BNS.PR.Z | FixedReset | Quote: 22.12 – 22.45 Spot Rate : 0.3300 Average : 0.2339 YTW SCENARIO |
| TRP.PR.H | FloatingReset | Quote: 13.87 – 14.14 Spot Rate : 0.2700 Average : 0.1913 YTW SCENARIO |
| TRP.PR.J | FixedReset | Quote: 26.82 – 27.10 Spot Rate : 0.2800 Average : 0.2024 YTW SCENARIO |
| GWO.PR.N | FixedReset | Quote: 16.05 – 16.30 Spot Rate : 0.2500 Average : 0.1734 YTW SCENARIO |