{"id":33140,"date":"2016-06-02T22:55:46","date_gmt":"2016-06-03T03:55:46","guid":{"rendered":"http:\/\/prefblog.com\/?p=33140"},"modified":"2016-06-02T22:55:46","modified_gmt":"2016-06-03T03:55:46","slug":"june-2-2016","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=33140","title":{"rendered":"June 2, 2016"},"content":{"rendered":"

There is growing fear that Canadian housing is a momentum play<\/a>:<\/p>\n

The Bank of Canada is concerned that the acceleration in housing prices in Toronto and Vancouver may be partly due to purchases based solely on the expectation that prices will keep going up, Deputy Governor Lawrence Schembri said on Thursday.<\/p>\n

Schembri said that Canadians moving away from resource-producing regions to the major cities of Toronto and Vancouver in order to find jobs has created a huge demand for housing in those cities, driving prices up as supply remains relatively limited.<\/p>\n

But he expressed concern that such fundamentals are not the only reason for rising prices.<\/p>\n

\u201cThe concern that we have at the Bank of Canada is these price increases may reflect in part the fact that certain people (are) buying housing on (speculation), expecting this price increase to continue,\u201d said Schembri.<\/p>\n

\u201cPeople should not be buying housing based on the expectation these prices are going to continue\u201d as the demand from the influx of workers into those regions will not continue at the same rate, Schembri said.<\/p>\n

He was speaking during a question-and-answer session following a presentation on the outlook for the economy.<\/p><\/blockquote>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices<\/strong>
Values are provisional and are finalized monthly<\/td>\n<\/tr>\n
Index<\/td>\nMean
Current
Yield
(at bid)<\/td>\n		Median
YTW<\/td>\n		Median
Average
Trading
Value<\/td>\n		Median
Mod Dur
(YTW)<\/td>\n		Issues<\/td>\nDay’s Perf.<\/td>\nIndex Value<\/td>\n<\/tr>\n
Ratchet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-1.1698 %<\/td>\n1,674.0<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-1.1698 %<\/td>\n3,058.0<\/td>\n<\/tr>\n
Floater<\/td>\n4.53 %<\/td>\n4.59 %<\/td>\n61,290<\/td>\n16.17<\/td>\n3<\/td>\n-1.1698 %<\/td>\n1,762.4<\/td>\n<\/tr>\n
OpRet<\/td>\n4.86 %<\/td>\n-4.12 %<\/td>\n46,260<\/td>\n0.08<\/td>\n1<\/td>\n0.0000 %<\/td>\n2,835.8<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.90 %<\/td>\n5.02 %<\/td>\n82,104<\/td>\n4.70<\/td>\n7<\/td>\n0.2140 %<\/td>\n3,325.5<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2140 %<\/td>\n2,594.7<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.63 %<\/td>\n4.83 %<\/td>\n80,753<\/td>\n0.09<\/td>\n9<\/td>\n-0.0436 %<\/td>\n2,611.4<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.40 %<\/td>\n5.51 %<\/td>\n110,887<\/td>\n14.60<\/td>\n28<\/td>\n-0.0169 %<\/td>\n2,711.6<\/td>\n<\/tr>\n
FixedReset<\/td>\n5.09 %<\/td>\n4.65 %<\/td>\n162,745<\/td>\n7.44<\/td>\n87<\/td>\n-0.3804 %<\/td>\n2,003.9<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.12 %<\/td>\n5.31 %<\/td>\n129,686<\/td>\n4.98<\/td>\n33<\/td>\n0.0454 %<\/td>\n2,700.1<\/td>\n<\/tr>\n
FloatingReset<\/td>\n3.14 %<\/td>\n5.02 %<\/td>\n23,834<\/td>\n5.24<\/td>\n17<\/td>\n0.2978 %<\/td>\n2,121.1<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
BAM.PR.T<\/td>\nFixedReset<\/td>\n-2.85 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-06-02
\nMaturity Price : 15.35
\nEvaluated at bid price : 15.35
\nBid-YTW : 5.26 %<\/td>\n<\/tr>\n
TRP.PR.D<\/td>\nFixedReset<\/td>\n-2.59 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-06-02
\nMaturity Price : 17.68
\nEvaluated at bid price : 17.68
\nBid-YTW : 4.73 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset<\/td>\n-2.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 15.81
\nBid-YTW : 9.30 %<\/td>\n<\/tr>\n
BAM.PR.R<\/td>\nFixedReset<\/td>\n-2.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-06-02
\nMaturity Price : 15.08
\nEvaluated at bid price : 15.08
\nBid-YTW : 5.22 %<\/td>\n<\/tr>\n
NA.PR.Q<\/td>\nFixedReset<\/td>\n-2.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.81
\nBid-YTW : 4.39 %<\/td>\n<\/tr>\n
NA.PR.S<\/td>\nFixedReset<\/td>\n-1.95 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-06-02
\nMaturity Price : 18.14
\nEvaluated at bid price : 18.14
\nBid-YTW : 4.64 %<\/td>\n<\/tr>\n
FTS.PR.F<\/td>\nPerpetual-Discount<\/td>\n-1.83 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-06-02
\nMaturity Price : 22.79
\nEvaluated at bid price : 23.07
\nBid-YTW : 5.33 %<\/td>\n<\/tr>\n
BAM.PF.G<\/td>\nFixedReset<\/td>\n-1.79 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-06-02
\nMaturity Price : 20.27
\nEvaluated at bid price : 20.27
\nBid-YTW : 4.80 %<\/td>\n<\/tr>\n
BNS.PR.Z<\/td>\nFixedReset<\/td>\n-1.79 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 20.33
\nBid-YTW : 6.08 %<\/td>\n<\/tr>\n
RY.PR.J<\/td>\nFixedReset<\/td>\n-1.66 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-06-02
\nMaturity Price : 19.58
\nEvaluated at bid price : 19.58
\nBid-YTW : 4.56 %<\/td>\n<\/tr>\n
CU.PR.C<\/td>\nFixedReset<\/td>\n-1.64 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-06-02
\nMaturity Price : 17.95
\nEvaluated at bid price : 17.95
\nBid-YTW : 4.52 %<\/td>\n<\/tr>\n
BAM.PR.C<\/td>\nFloater<\/td>\n-1.52 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-06-02
\nMaturity Price : 10.34
\nEvaluated at bid price : 10.34
\nBid-YTW : 4.63 %<\/td>\n<\/tr>\n
TRP.PR.C<\/td>\nFixedReset<\/td>\n-1.52 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-06-02
\nMaturity Price : 12.35
\nEvaluated at bid price : 12.35
\nBid-YTW : 4.74 %<\/td>\n<\/tr>\n
CM.PR.Q<\/td>\nFixedReset<\/td>\n-1.47 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-06-02
\nMaturity Price : 20.10
\nEvaluated at bid price : 20.10
\nBid-YTW : 4.51 %<\/td>\n<\/tr>\n
NA.PR.W<\/td>\nFixedReset<\/td>\n-1.35 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-06-02
\nMaturity Price : 17.54
\nEvaluated at bid price : 17.54
\nBid-YTW : 4.62 %<\/td>\n<\/tr>\n
BAM.PR.B<\/td>\nFloater<\/td>\n-1.32 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-06-02
\nMaturity Price : 10.48
\nEvaluated at bid price : 10.48
\nBid-YTW : 4.57 %<\/td>\n<\/tr>\n
FTS.PR.G<\/td>\nFixedReset<\/td>\n-1.30 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-06-02
\nMaturity Price : 16.76
\nEvaluated at bid price : 16.76
\nBid-YTW : 4.55 %<\/td>\n<\/tr>\n
TRP.PR.E<\/td>\nFixedReset<\/td>\n-1.29 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-06-02
\nMaturity Price : 18.30
\nEvaluated at bid price : 18.30
\nBid-YTW : 4.62 %<\/td>\n<\/tr>\n
FTS.PR.J<\/td>\nPerpetual-Discount<\/td>\n-1.27 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-06-02
\nMaturity Price : 22.24
\nEvaluated at bid price : 22.56
\nBid-YTW : 5.28 %<\/td>\n<\/tr>\n
MFC.PR.M<\/td>\nFixedReset<\/td>\n-1.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 20.00
\nBid-YTW : 6.56 %<\/td>\n<\/tr>\n
BNS.PR.Y<\/td>\nFixedReset<\/td>\n-1.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 20.41
\nBid-YTW : 5.69 %<\/td>\n<\/tr>\n
BAM.PF.F<\/td>\nFixedReset<\/td>\n-1.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-06-02
\nMaturity Price : 20.00
\nEvaluated at bid price : 20.00
\nBid-YTW : 4.85 %<\/td>\n<\/tr>\n
HSE.PR.C<\/td>\nFixedReset<\/td>\n1.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-06-02
\nMaturity Price : 17.90
\nEvaluated at bid price : 17.90
\nBid-YTW : 5.66 %<\/td>\n<\/tr>\n
TRP.PR.A<\/td>\nFixedReset<\/td>\n1.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-06-02
\nMaturity Price : 15.20
\nEvaluated at bid price : 15.20
\nBid-YTW : 4.65 %<\/td>\n<\/tr>\n
BMO.PR.R<\/td>\nFloatingReset<\/td>\n1.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.25
\nBid-YTW : 4.36 %<\/td>\n<\/tr>\n
FTS.PR.H<\/td>\nFixedReset<\/td>\n1.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-06-02
\nMaturity Price : 13.35
\nEvaluated at bid price : 13.35
\nBid-YTW : 4.32 %<\/td>\n<\/tr>\n
TRP.PR.H<\/td>\nFloatingReset<\/td>\n1.16 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-06-02
\nMaturity Price : 10.45
\nEvaluated at bid price : 10.45
\nBid-YTW : 4.35 %<\/td>\n<\/tr>\n
FTS.PR.M<\/td>\nFixedReset<\/td>\n1.21 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-06-02
\nMaturity Price : 19.30
\nEvaluated at bid price : 19.30
\nBid-YTW : 4.46 %<\/td>\n<\/tr>\n
HSE.PR.B<\/td>\nFloatingReset<\/td>\n1.49 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-06-02
\nMaturity Price : 10.57
\nEvaluated at bid price : 10.57
\nBid-YTW : 5.36 %<\/td>\n<\/tr>\n
TRP.PR.I<\/td>\nFloatingReset<\/td>\n1.75 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-06-02
\nMaturity Price : 11.65
\nEvaluated at bid price : 11.65
\nBid-YTW : 4.51 %<\/td>\n<\/tr>\n
HSE.PR.A<\/td>\nFixedReset<\/td>\n1.82 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-06-02
\nMaturity Price : 11.62
\nEvaluated at bid price : 11.62
\nBid-YTW : 5.36 %<\/td>\n<\/tr>\n
TRP.PR.F<\/td>\nFloatingReset<\/td>\n1.88 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-06-02
\nMaturity Price : 14.06
\nEvaluated at bid price : 14.06
\nBid-YTW : 4.37 %<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n
Volume Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nShares
Traded<\/td>\n		Notes<\/td>\n<\/tr>\n
NA.PR.S<\/td>\nFixedReset<\/td>\n226,216<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-06-02
\nMaturity Price : 18.14
\nEvaluated at bid price : 18.14
\nBid-YTW : 4.64 %<\/td>\n<\/tr>\n
NA.PR.X<\/td>\nFixedReset<\/td>\n130,483<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-05-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.96
\nBid-YTW : 4.81 %<\/td>\n<\/tr>\n
RY.PR.A<\/td>\nDeemed-Retractible<\/td>\n102,800<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.00
\nBid-YTW : 4.49 %<\/td>\n<\/tr>\n
BNS.PR.G<\/td>\nFixedReset<\/td>\n74,200<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-07-25
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.30
\nBid-YTW : 4.65 %<\/td>\n<\/tr>\n
TRP.PR.J<\/td>\nFixedReset<\/td>\n70,531<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-05-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.71
\nBid-YTW : 4.89 %<\/td>\n<\/tr>\n
CU.PR.C<\/td>\nFixedReset<\/td>\n58,795<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-06-02
\nMaturity Price : 17.95
\nEvaluated at bid price : 17.95
\nBid-YTW : 4.52 %<\/td>\n<\/tr>\n
There were 27 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n
Wide Spread Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nQuote Data and Yield Notes<\/td>\n<\/tr>\n
NA.PR.Q<\/td>\nFixedReset<\/td>\nQuote: 23.81 – 24.39
\nSpot Rate : 0.5800
\nAverage : 0.3808<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.81
\nBid-YTW : 4.39 %<\/td>\n<\/tr>\n

BAM.PR.T<\/td>\nFixedReset<\/td>\nQuote: 15.35 – 15.91
\nSpot Rate : 0.5600
\nAverage : 0.3752<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-06-02
\nMaturity Price : 15.35
\nEvaluated at bid price : 15.35
\nBid-YTW : 5.26 %<\/td>\n<\/tr>\n

GWO.PR.O<\/td>\nFloatingReset<\/td>\nQuote: 13.10 – 13.95
\nSpot Rate : 0.8500
\nAverage : 0.6814<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 13.10
\nBid-YTW : 10.24 %<\/td>\n<\/tr>\n

FTS.PR.F<\/td>\nPerpetual-Discount<\/td>\nQuote: 23.07 – 23.49
\nSpot Rate : 0.4200
\nAverage : 0.2575<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-06-02
\nMaturity Price : 22.79
\nEvaluated at bid price : 23.07
\nBid-YTW : 5.33 %<\/td>\n<\/tr>\n

HSE.PR.G<\/td>\nFixedReset<\/td>\nQuote: 19.50 – 20.00
\nSpot Rate : 0.5000
\nAverage : 0.3652<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-06-02
\nMaturity Price : 19.50
\nEvaluated at bid price : 19.50
\nBid-YTW : 5.62 %<\/td>\n<\/tr>\n

BAM.PF.G<\/td>\nFixedReset<\/td>\nQuote: 20.27 – 20.65
\nSpot Rate : 0.3800
\nAverage : 0.2690<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-06-02
\nMaturity Price : 20.27
\nEvaluated at bid price : 20.27
\nBid-YTW : 4.80 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

There is growing fear that Canadian housing is a momentum play: The Bank of Canada is concerned that the acceleration in housing prices in Toronto and Vancouver may be partly due to purchases based solely …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-33140","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/33140","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33140"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/33140\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}