Benchmark Qualifying Rate
5.25% Prime Rate
2.45% 5-year Canada Bond Yield 1.32% 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 0.72% Variable – BA 0.95% Fixed-Variable Mortgage 0.87%
BANK OF CANADA
Next BoC Meeting 27 Oct, 2021 % Chance Hike Next Meeting 0%% Chance Hike in 9 months 155%
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)$686,650Average Price Gain (y/y) +13.90% Home Sales Growth (y/y) -17.50% Months of Inventory 2.1 Inventory Growth (y/y) -14.83%
KEY ECONOMIC INDICATORS
Full-time Job Gains (Last mo.) 157,100Full-time Job Gains (6-mo. avg) 28,433 Core CPI Canada (Last mo.) 2.67% Core CPI U.S. (Last mo.) 4.00% Canada GDP (Latest qtr.) -1.10% 
5-YEAR BOND YIELD
Mortgage Rates Rising as Bond Yields Surge
A growing number of lenders have been raising interest rates over the past week in response to rising bond yields, inclu...
TD, CIBC Hike Mortgage Rates
Exactly two weeks after TD Bank cut its special-offer mortgage rates by a whopping 45 basis points, the bank reversed co...
Bond Yields Are Rising. Are Fixed Mortgage Rates Next?
Some of Canada’s Big 6 banks made headlines last week by lowering fixed mortgage rates. But might they soon have to pu...
