Mise à jour du marché résidentiel

Market Commentary The performance of Canada Mortgage Bonds (CMB) of five years, offered by the Canadian government, fell by about 8 basis points last week, mainly because of widespread pessimism regarding the economy for the new year and dire predictions made ​​by economists of the major Canadian banks. Indeed, economists are forecasting an increase of less than 2% and no significant improvement in the unemployment rate. The rate of unemployable Canadian increasing for three consecutive months, unfortunately reinforces this sad overview: In December, the rate rose one-tenth of a percentage point to 7.5%. Due to continued uncertainty in global markets, it is more expensive to finance other credit products (eg, private sector securities, mortgages), in line with funding levels of governments