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Benchmark Qualifying Rate
 5.25%
Prime Rate
 3.20%
5-year Canada Bond Yield
 2.63%
Overnight Target Rate
 1.00%
30-day Bankers' Acceptances
 1.82%
5-year Fixed Mortgage
 4.47%
Variable Mortgage
  2.74%
5-year Fixed – Bond Yield
 1.84%
Variable – BA
 0.92%
Fixed-Variable Mortgage
 1.73%
Next BoC Meeting 01 Jun, 2022
% Chance Hike Next Meeting
200%
% Chance Hike in 9 months
 422%
Prime Rate (Year-end 2022)
 3.45%
Prime Rate (Year-end 2023)
 4.58%
5-year Yield (Year-end 2022)
 1.90%
5-year Yield (Year-end 2023)
  2.90%
5-year Fixed (Year-end 2022)
 3.4%
5-year Fixed (Year-end 2023)
 4.40%
Average Home Price (CREA)
$746,146
Average Price Gain (y/y)
  +7.40%
Home Sales Growth (y/y)
 -25.70%
Months of Inventory
 2.2
Inventory Growth (y/y)
 +12.24%
Full-time Job Gains (Last mo.)
-31,600
Full-time Job Gains (6-mo. avg)
 71,600
Core CPI Canada (Last mo.)
  4.23%
Core CPI U.S. (Last mo.)
6.20%
Canada GDP (Latest qtr.)
6.70%

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2022-4-28

Bank of Canada Prepared to Raise Interest Rates "Forcefully"

Targeting high inflation is the Bank of Canada's top priority, and it's prepared to raise interest rates "forcefully" ...

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2022-4-25

Big Banks Raise 5-Year Fixed Rates Above 4%

Most of the country's big banks are now advertising special-offer 5-year fixed rates above 4%. This includes R...

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2022-4-13

Variable Mortgage Rates to Rise as Prime Rate Jumps to 3.20%

Variable-rate mortgage holders are about to see their interest costs rise again after Canada's Big 5 banks announced a...

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