Benchmark Qualifying Rate
5.25% Prime Rate
5.45% 5-year Canada Bond Yield
3.31% Overnight Target Rate 3.25%30-day Bankers' Acceptances 3.80%
COMMON BROKER RATES
5-year Fixed Mortgage 5.37% Variable Mortgage 4.94% 
MARKET SPREADS
5-year Fixed – Bond Yield 2.06% Variable – BA 1.14% Fixed-Variable Mortgage 0.43%
BANK OF CANADA
Next BoC Meeting 26 Oct, 2022 % Chance Hike Next Meeting 100%% Chance Hike in 9 months 0%
ECONOMIST FORECASTS
Prime Rate (Year-end 2022) 3.45% Prime Rate (Year-end 2023) 5.95% 5-year Yield (Year-end 2022) 1.90% 5-year Yield (Year-end 2023) 3.30% 5-year Fixed (Year-end 2022) 3.4% 5-year Fixed (Year-end 2023) 4.80%
REAL ESTATE MARKET
Average Home Price (CREA)$637,673Average Price Gain (y/y) -3.90% Home Sales Growth (y/y) -24.70% Months of Inventory 3.5 Inventory Growth (y/y) +45.65%
KEY ECONOMIC INDICATORS
Full-time Job Gains (Last mo.) -77,000Full-time Job Gains (6-mo. avg) 50,133 Core CPI Canada (Last mo.) 5.20% Core CPI U.S. (Last mo.) 6.30% Canada GDP (Latest qtr.) 3.30% 
5-YEAR BOND YIELD
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...
2022-7-13
Reaction to the Bank of Canada's 100-bps shockerHaving been behind the inflation curve for many months, the Bank of Canada today tried to get ahead of it by deliverin...
2022-6-9
The economy "needs" higher rates, says BoC's MacklemWhile the Bank of Canada is currently still forecasting a "soft landing" for the Canadian economy, it's going to take ...
