Benchmark Qualifying Rate
5.25% Prime Rate
2.45% 5-year Canada Bond Yield
1.36% Overnight Target Rate 0.25%30-day Bankers' Acceptances 0.22%
COMMON BROKER RATES
5-year Fixed Mortgage 2.04% Variable Mortgage 1.17% 
MARKET SPREADS
5-year Fixed – Bond Yield 0.68% Variable – BA 0.95% Fixed-Variable Mortgage 0.87%
BANK OF CANADA
Next BoC Meeting 08 Dec, 2021 % Chance Hike Next Meeting 0%% Chance Hike in 9 months 297%
ECONOMIST FORECASTS
Prime Rate (Year-end 2021) 2.45% Prime Rate (Year-end 2022) 2.83% 5-year Yield (Year-end 2021) 1.25% 5-year Yield (Year-end 2022) 1.80% 5-year Fixed (Year-end 2021) 2.75% 5-year Fixed (Year-end 2022) 3.30%
REAL ESTATE MARKET
Average Home Price (CREA)$716,585Average Price Gain (y/y) +18.20% Home Sales Growth (y/y) -11.50% Months of Inventory 1.9 Inventory Growth (y/y) -14.83%
KEY ECONOMIC INDICATORS
Full-time Job Gains (Last mo.) 31,000Full-time Job Gains (6-mo. avg) 22,100 Core CPI Canada (Last mo.) 2.67% Core CPI U.S. (Last mo.) 4.56% Canada GDP (Latest qtr.) 5.40% 
5-YEAR BOND YIELD
2021-11-16
Fixed-Rate Increases Costing Today’s Homebuyers Over $10,000 More in InterestFixed mortgage rates have been climbing steadily since September. But by how much and at what cost to new homebuyers? ...
2021-11-04
Big Banks and Other Lenders Start Hiking Fixed RatesAs expected, some major mortgage lenders have started a fresh round of rate hikes following this week’s run-up in bond...
2021-10-12
Mortgage Rates Rising as Bond Yields SurgeA growing number of lenders have been raising interest rates over the past week in response to rising bond yields, inclu...
