Canada Guaranty

May 2011: Monthly Indicator Recap

Presented below are figures for the month ending May 31, 2011.
(Download to print PDF)

HOUSING INDICATORS*	DIRECTION	% CHANGE (vs. last month)	MAY LEVELS
Volume of MLS® Home Listings		+0.37%	69,840
Volume of MLS® Home Sales		-0.42%	36,410
Average MLS® Sale Price (Canada)		+0.19%	$368,343
ECONOMIC INDICATORS**	DIRECTION	% CHANGE (vs. last month)	RATES
Unemployment Rate (May 2011)		-0.20%	7.40%
GDP (March 2011)		+0.30%	N/A
Retail Sales (March 2011)		-0.80%	N/A
Consumer Price Index (April 2011)		+3.30% (Year‐to‐year, April)	N/A
FINANCIAL INDICATORS	DIRECTION	% CHANGE (vs. last month)	RATES
Prime Rate**		0.00%	3.00%
5 Year Fixed Posted Mortgage Rate***		-0.20%	5.49%

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

Canada Guaranty Mortgage Insurance Now Available through BMO Bank of Montreal

(Download to print PDF)

TORONTO (June 7, 2011) – Canada Guaranty announced today that its leading suite of mortgage default insurance products and services will now be available to BMO Bank of Montreal customers, offering Canadians greater access to a variety of mortgage insurance solutions. The announcement further underscores Canada Guaranty’s dedication to providing value-added solutions to meet the diverse needs of homebuyers across the country.

“We are delighted to have the opportunity to work with the BMO Bank of Montreal team and to demonstrate the advantages of increased competition by offering improved choice among mortgage default insurance providers,” said Andy Charles, President and CEO of Canada Guaranty.

“Whether it’s choosing a shorter amortization or an eco-friendly home, at BMO, our goal is to ensure our customers have the products, tools and advice needed to make responsible home financing decisions, and providing access to Canada Guaranty’s services underscores this commitment,” said Katie Archdekin, Head of Mortgage Products, BMO Bank of Montreal.

-30-

For more information, please contact:

Maria Pimenta 
Senior Vice-President, Sales & Marketing
Canada Guaranty Mortgage Insurance Company
416.640.8937 | maria.pimenta@canadaguaranty.ca