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Benchmark Qualifying Rate
 4.64%
Prime Rate
 2.70%
5-year Canada Bond Yield
 0.57%
Overnight Target Rate
 0.50%
30-day Bankers' Acceptances
 0.79%
5-year Fixed Mortgage
 2.36%
Variable Mortgage
  2.25%
5-year Fixed – Bond Yield
 1.79%
Variable – BA
 1.46%
Fixed-Variable Mortgage
 0.11%
Next BoC Meeting 19 Oct, 2016
% Chance Hike Next Meeting
-9%
% Chance Hike in 9 months
 8%
Prime Rate (Year-end 2016)
 2.70%
Prime Rate (Year-end 2017)
 2.70%
5-year Yield (Year-end 2016)
 0.74%
5-year Yield (Year-end 2017)
  0.70%
5-year Fixed (Year-end 2016)
 2.24%
5-year Fixed (Year-end 2017)
 2.20%
Average Home Price (CREA)
$456,722
Average Price Gain (y/y)
  +5.40%
Home Sales Growth (y/y)
 +10.20%
Months of Inventory
 4.8
Inventory Growth (y/y)
 -15.11%
Full-time Job Gains (Last mo.)
26,200
Full-time Job Gains (6-mo. avg)
 -4,867
Core CPI Canada (Last mo.)
  1.80%
Core CPI U.S. (Last mo.)
2.32%
Canada GDP (Latest qtr.)
-1.60%

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That Was Painless

Ever since the infamous 2013 Taper Tantrum, we've been hearing about impending Fed rate hikes and all of their implicati...

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More on Benchmark Changes

Our recent story on changeovers in the benchmark 5-year bond sparked some good questions about how and when the ben...

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Changes in the Benchmark Bond

As most readers here know, fixed mortgage rates follow bond yields over time. That's why, with the 5-year fixed being Ca...

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