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- Jan 29, 2008
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With the 2011 contest coming to a successful conclusion (congrats to RandyDalton, 2011 winner!) I thought I'd post the questions for 2012. I've re-used some of them, and changed some to make them more topical to the year.
1) Regarding the government's CMHC mortgage rules what will be the minimum downpayments and maximum amortizations for personal residence? Currently I'm taking 5% down and 30 year amortization from here: http://www.cmhc-schl.gc.ca/en/hoficlincl/moloin/hopr/hopr_001.cfm
a) 5% or less downpayment, 30 year or more amortization.
b) 6%+ minimum downpayment, 30 year or more amortization
c) 5% or less downpayment, less than 30 years maximum amortization
d) 6%+ minimum downpayment, less than 30 years maximum amortization
2) How many housing starts will CMHC report for 2012?
a)150,000 or less
b) 150,001-200,000
c)200,001-250,000
d)250,001 or more
3) At the end of the year, what will the political situation be?
a) Obama wins election, Greece remains in the Euro
b) Obama loses election, Greece remains in the Euro
c) Obama wins election, Greece leaves the Euro
d) Obama loses election, Greece leaves the Euro
4) At the end of the year, will the Canada-US exchange rate be:
(determined from B.o.C. data here on Dec 31: http://www.bankofcanada.ca/en/rates/exchange.html)
a) 1 CAD is less than or equal to $0.95 USD
b) 1 CAD is between $0.95 and and $1.00 USD
c) 1 CAD is between $1.00 and $1.05 USD
d) 1 CAD is greater than or equal to $1.05
5) At the end of the year, the Bank of Canada overnight target rate will be (Currently 1.00%)
a) 1.00% or less
b) 1.01%-1.75%
c) 1.76%-2.5%
d) 2.51% or more
6) What will the change of the Teranet Composite 11 House Price Index be for October 2012 (I picked October so we could still have a winner by January). The year over year number will be used, so predict the change from Oct 2011-Oct 2012.
a) Decline of 2.0% or greater
b) Decline of 1.99% to increase of 1.99%
c) Increase of 2.0% to increase 5.99%
d) Increase of 6.0% to increase of 9.99%
e) Increase of 10.0% or greater
Tiebreaker: Vancouver had a 9.99% increase in it's Teranet index price year over year to October 2011. What will be it's price change year over year to 2012?
We'll take new answers until January 24th, so feel free to edit your guesses until then.
Regards,
Michael
1) Regarding the government's CMHC mortgage rules what will be the minimum downpayments and maximum amortizations for personal residence? Currently I'm taking 5% down and 30 year amortization from here: http://www.cmhc-schl.gc.ca/en/hoficlincl/moloin/hopr/hopr_001.cfm
a) 5% or less downpayment, 30 year or more amortization.
b) 6%+ minimum downpayment, 30 year or more amortization
c) 5% or less downpayment, less than 30 years maximum amortization
d) 6%+ minimum downpayment, less than 30 years maximum amortization
2) How many housing starts will CMHC report for 2012?
a)150,000 or less
b) 150,001-200,000
c)200,001-250,000
d)250,001 or more
3) At the end of the year, what will the political situation be?
a) Obama wins election, Greece remains in the Euro
b) Obama loses election, Greece remains in the Euro
c) Obama wins election, Greece leaves the Euro
d) Obama loses election, Greece leaves the Euro
4) At the end of the year, will the Canada-US exchange rate be:
(determined from B.o.C. data here on Dec 31: http://www.bankofcanada.ca/en/rates/exchange.html)
a) 1 CAD is less than or equal to $0.95 USD
b) 1 CAD is between $0.95 and and $1.00 USD
c) 1 CAD is between $1.00 and $1.05 USD
d) 1 CAD is greater than or equal to $1.05
5) At the end of the year, the Bank of Canada overnight target rate will be (Currently 1.00%)
a) 1.00% or less
b) 1.01%-1.75%
c) 1.76%-2.5%
d) 2.51% or more
6) What will the change of the Teranet Composite 11 House Price Index be for October 2012 (I picked October so we could still have a winner by January). The year over year number will be used, so predict the change from Oct 2011-Oct 2012.
a) Decline of 2.0% or greater
b) Decline of 1.99% to increase of 1.99%
c) Increase of 2.0% to increase 5.99%
d) Increase of 6.0% to increase of 9.99%
e) Increase of 10.0% or greater
Tiebreaker: Vancouver had a 9.99% increase in it's Teranet index price year over year to October 2011. What will be it's price change year over year to 2012?
We'll take new answers until January 24th, so feel free to edit your guesses until then.
Regards,
Michael