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Benchmark Qualifying Rate
 5.25%
Prime Rate
 6.45%
5-year Canada Bond Yield
 2.99%
Overnight Target Rate
 4.50%
30-day Bankers' Acceptances
 4.73%
5-year Fixed Mortgage
 5.54%
Variable Mortgage
  6.50%
5-year Fixed – Bond Yield
 2.55%
Variable – BA
 1.77%
Fixed-Variable Mortgage
 -0.96%
Next BoC Meeting 08 Mar, 2023
% Chance Hike Next Meeting
69%
% Chance Hike in 9 months
 0%
Prime Rate (Year-end 2023)
 6.33%
Prime Rate (Year-end 2024)
 5.33%
5-year Yield (Year-end 2023)
 3.15%
5-year Yield (Year-end 2024)
  2.75%
5-year Fixed (Year-end 2023)
 4.65%
5-year Fixed (Year-end 2024)
 4.25%
Average Home Price (CREA)
$626,318
Average Price Gain (y/y)
  -12.00%
Home Sales Growth (y/y)
 -39.10%
Months of Inventory
 4.2
Inventory Growth (y/y)
 +45.32%
Full-time Job Gains (Last mo.)
85,000
Full-time Job Gains (6-mo. avg)
 11,767
Core CPI Canada (Last mo.)
  5.40%
Core CPI U.S. (Last mo.)
5.70%
Canada GDP (Latest qtr.)
2.90%

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2022-11-28

As bond yields fall, mortgage providers are cutting fixed mortgage rates

With bond yields nearly 60 basis points off their highs reached earlier this month, fixed mortgage rates are slowly fo...

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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...

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2022-8-31

The Bank of Canada's September rate hike will be its last: CIBC

If CIBC economists are correct, the Bank of Canada's expected rate hike next week will be its last of this rate-hike c...

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