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%
COMMON BROKER RATES
5-year Fixed Mortgage 5.54% Variable Mortgage 6.50% 
MARKET SPREADS
5-year Fixed – Bond Yield 2.55% Variable – BA 1.77% Fixed-Variable Mortgage -0.96%
BANK OF CANADA
Next BoC Meeting 08 Mar, 2023 % Chance Hike Next Meeting 69%% Chance Hike in 9 months 0%
ECONOMIST FORECASTS
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%
REAL ESTATE MARKET
Average Home Price (CREA)$626,318Average Price Gain (y/y) -12.00% Home Sales Growth (y/y) -39.10% Months of Inventory 4.2 Inventory Growth (y/y) +45.32%
KEY ECONOMIC INDICATORS
Full-time Job Gains (Last mo.) 85,000Full-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% 
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...
