Benchmark Qualifying Rate
5.25% Prime Rate
5.95% 5-year Canada Bond Yield 3.04% Overnight Target Rate 3.75%30-day Bankers' Acceptances
4.44%
COMMON BROKER RATES
5-year Fixed Mortgage 5.63% Variable Mortgage 5.71% 
MARKET SPREADS
5-year Fixed – Bond Yield 2.59% Variable – BA 1.27% Fixed-Variable Mortgage -0.08%
BANK OF CANADA
Next BoC Meeting 07 Dec, 2022 % Chance Hike Next Meeting 100%% Chance Hike in 9 months 0%
ECONOMIST FORECASTS
Prime Rate (Year-end 2022) 3.45% Prime Rate (Year-end 2023) 5.95% 5-year Yield (Year-end 2022) 1.90% 5-year Yield (Year-end 2023) 3.70% 5-year Fixed (Year-end 2022) 3.4% 5-year Fixed (Year-end 2023) 5.20%
REAL ESTATE MARKET
Average Home Price (CREA)$644,643Average Price Gain (y/y) -9.90% Home Sales Growth (y/y) -36.00% Months of Inventory 3.8 Inventory Growth (y/y) +85.32%
KEY ECONOMIC INDICATORS
Full-time Job Gains (Last mo.) 50,700Full-time Job Gains (6-mo. avg) 25,817 Core CPI Canada (Last mo.) 5.40% Core CPI U.S. (Last mo.) 6.30% Canada GDP (Latest qtr.) 2.90% 
5-YEAR BOND YIELD
2022-11-28
As bond yields fall, mortgage providers are cutting fixed mortgage ratesWith bond yields nearly 60 basis points off their highs reached earlier this month, fixed mortgage rates are slowly fo...
2022-10-27
More borrowers to reach their trigger rate as prime rate rises to 5.95%Variable-rate mortgage holders should know the drill by now. Prime rate is rising another 50 basis points on Th...
2022-8-31
The Bank of Canada's September rate hike will be its last: CIBCIf CIBC economists are correct, the Bank of Canada's expected rate hike next week will be its last of this rate-hike c...
