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%
COMMON BROKER RATES
5-year Fixed Mortgage 4.47% Variable Mortgage 2.74% 
MARKET SPREADS
5-year Fixed – Bond Yield 1.84% Variable – BA 0.92% Fixed-Variable Mortgage 1.73%
BANK OF CANADA
Next BoC Meeting 01 Jun, 2022 % Chance Hike Next Meeting 200%% Chance Hike in 9 months 422%
ECONOMIST FORECASTS
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%
REAL ESTATE MARKET
Average Home Price (CREA)$746,146Average Price Gain (y/y) +7.40% Home Sales Growth (y/y) -25.70% Months of Inventory 2.2 Inventory Growth (y/y) +12.24%
KEY ECONOMIC INDICATORS
Full-time Job Gains (Last mo.) -31,600Full-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% 
5-YEAR BOND YIELD
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" ...
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...
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...
