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Benchmark Qualifying Rate
 5.34%
Prime Rate
 3.70%
5-year Canada Bond Yield
 2.07%
Overnight Target Rate
 1.50%
30-day Bankers' Acceptances
 1.76%
5-year Fixed Mortgage
 3.23%
Variable Mortgage
  2.66%
5-year Fixed – Bond Yield
 1.16%
Variable – BA
 0.90%
Fixed-Variable Mortgage
 0.57%
Next BoC Meeting 05 Sep, 2018
% Chance Hike Next Meeting
8%
% Chance Hike in 9 months
 8%
Prime Rate (Year-end 2018)
 2.70%
Prime Rate (Year-end 2019)
 2.70%
5-year Yield (Year-end 2018)
 0.74%
5-year Yield (Year-end 2019)
  0.95%
5-year Fixed (Year-end 2018)
 2.24%
5-year Fixed (Year-end 2019)
 2.45%
Average Home Price (CREA)
$496,000
Average Price Gain (y/y)
  -1.30%
Home Sales Growth (y/y)
 -10.70%
Months of Inventory
 5.4
Inventory Growth (y/y)
 +8.46%
Full-time Job Gains (Last mo.)
9,100
Full-time Job Gains (6-mo. avg)
 16,583
Core CPI Canada (Last mo.)
  1.90%
Core CPI U.S. (Last mo.)
2.30%
Canada GDP (Latest qtr.)
1.30%

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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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