Monday 7 January 2013

Carbon Monoxide Detectors Save Lives

What is carbon monoxide?

Carbon monoxide (CO) is a highly poisonous substance produced by the incomplete burning of gas and Liquid Petroleum Gas (LPG).
 
This happens when a gas appliance has been incorrectly fitted, badly repaired or poorly maintained. It can also occur if flues, chimneys or vents are blocked.
 
Oil and solid fuels such as coal, wood, petrol and oil can also produce carbon monoxide.
 
 

What is carbon monoxide poisoning?

Carbon monoxide poisoning occurs when you breathe in even small amounts of the gas.
When you breathe in carbon monoxide, it gets into your blood stream and prevents your red blood cells from carrying oxygen. Without oxygen, your body tissue and cells die.
Levels that do not kill can cause serious harm to health when breathed in over a long period of time. Long term effects of carbon monoxide poisoning include Paralysis and brain damage. Such long term effects occur because many people are unaware of unsafe gas appliances and subsequent gas leaks.
 
 

How do I avoid a carbon monoxide leak in my home?

Your home may show signs of carbon monoxide. Any one of the following could be a sign that there is carbon monoxide in your home.
  • The flame on your cooker should be crisp and blue. Lazy yellow or orange flames mean you need to get your cooker checked
  • Dark staining around or on appliances 
  • Pilot lights that frequently blow out 
  • Increased condensation inside windows 
If you have a faulty appliance in your home, it could lead to carbon monoxide poisoning. Get your gas appliances checked
to avoid carbon monoxide poisoning.

 


Remember the six main symptoms to look out for:

  1. headaches

  2. dizziness 

  3. nausea 

  4. breathlessness 

  5. collapse 

  6. loss of consciousness 

What should I do if I experience any symptoms of carbon monoxide poisoning?

  • Get fresh air immediately. Open doors and windows, turn off gas appliances and leave the house
  • See your doctor immediately or go to hospital - let them know that you suspect carbon monoxide poisoning. They can do a blood or breath test to check 
  • If you think there is immediate danger, call the Gas Emergency Helpline 
  • Get a Gas Safe registered engineer to inspect your gas appliances and flues to see if there is a dangerous problem 
Don’t assume your gas appliances are safe: get a Gas Safe registered gas engineer to do a check. This is the only safe way to prevent yourself and those around you from incurring serious illness or death due to carbon monoxide exposure.

Mihir's Market Matters Report (Jan 2013)




 
January 2013

Happy New Year and Welcome to the January issue of Mihir's Market Matters Report. 

The New Year has started in continuation of the trend of 2012 historic low interest rates. Have a look at a quick snapshot of the Best Rates as of 7th January 2013. 

                           5 years fixed @ 2.89%

3 & 5 years Variable @ Prime - 0.35% 

3 years fixed @ 2.69%

Feel free to call or email me to discuss about your mortgage, refinancing, debt consolidation or investment needs.

Mihir Oza
647-710-7374
Mortgage Agent (License # M11000672)
The Mortgage Practice
 
My Motto: Right Advice. First Time, Every Time.

Bank of Canada Interest Rate
October 23, 2012 1.00 %
December 4, 2012 1.00 %
January 23, 2013 Next meeting date
Source: Bank of Canada



Bank Prime Lending Rate
October 24, 2012 3.00 %
December 5, 2012 3.00 %
January 24, 2013 Next meeting date
Source: Bank of Canada


Conventional Mortgage - 5 Year Rate*
September 26, 2012 5.24 %
October 17, 2012 5.24 %
November 21, 2012 5.24 %
Source: Bank of Canada
*Determinant for high ratio mortgage variable qualifying rate


US Federal Reserve Board Discount Rate*
October 24, 2012 0.00 % - 0.25 %
December 11, 2012 0.00 % - 0.25 %
January 30, 2013 Next meeting date
Source: US Federal Reserve
*US Federal Reserve has indicated it will now keep this rate until unemployment reaches 6.5%


Exchange Rate $CDN($US)
November 28, 2012 1.0082
December 19, 2012 1.0120
December 31, 2012 1.0051
Source: Bank of Canada

Government of Canada Bonds
Bond Type November 21, 2012 December 5, 2012 December 19, 2012
1 year Treasury Bill
1.07% 1.05% 1.10%
3 year Benchmark
Bond Yield
1.19% 1.11% 1.22%
5 year Benchmark
Bond Yield
1.34% 1.26% 1.40%
10 year Benchmark
Bond Yield
1.76% 1.68% 1.84%
Source: Bank of Canada

Total New Housing Starts (Seasonally adjusted and annualized)
Province

September
2012

September
2011

October
2012

October
2011

November
2012

November
2011

Newfoundland/Labrador

3,800

3,500

3,500

3,500

3,600

3,900

PEI

1,400

1,300

800

900

700

1,500

Nova Scotia

6,100

6,100

8,300

3,300

2,600

2,800

New Brunswick

6,400

5,000

2,800

3,900

2,800

3,500

Quebec

49,500

57,800

41,400

44,500

47,000 

47,200

Ontario

71,600

65,600

67,100

73,500

57,900

54,000

Manitoba

8,500

4,500

6,600

7,600

6,500

7,500

Saskatchewan

13,300

9,100

10,500

8,400

11,700

7,200

Alberta

33,300

24,900

33,300

31,600

38,900

29,900

British Columbia

29,500

29,800

29,100

30,400

24,500

28,200

CANADA

223,400

207,600

203,500

207,600

196,100

185,700

Source: CMHC Housing Now - December 2011 and December 2012. This seasonally adjusted data goes through stages of revision at different times of the year.

Average MLS® Resale Price for Local Markets 
City

November 2011

November 2012

Halifax

$ 262,714

$ 266,740

Saint John

$ 159,101

$ 168,623

Quebec

$ 250,918

$ 260,783

Montreal

$ 323,011

$ 333,324

Ottawa

$ 347,675

$ 350,211

Toronto

$ 480,421

$ 485,328

Hamilton/Burlington

$ 342,005

$ 369,201

Winnipeg

$ 236,127

$ 263,786

Saskatoon

$ 307,023

$ 330,125

Regina

$ 273,243

$ 309,219

Calgary

$ 398,722

$ 413,921

Edmonton

$ 319,559

$ 331,526

Vancouver

$ 728,118

$ 682,215

Victoria

$ 499,676

$ 491,326

Source: Canadian Real Estate Association

chart 1
Source: TD Economics December 2012


chart 3
Source: TD Economics December 2012