Benchmark Qualifying Rate
5.25% Prime Rate
7.20% 5-year Canada Bond Yield
4.20% Overnight Target Rate 5.00%30-day Bankers' Acceptances 5.23%
COMMON BROKER RATES
5-year Fixed Mortgage 6.33% Variable Mortgage 6.99% 
MARKET SPREADS
5-year Fixed – Bond Yield 2.13% Variable – BA 1.76% Fixed-Variable Mortgage -0.66%
BANK OF CANADA
Next BoC Meeting 26 Oct, 2023 % Chance Hike Next Meeting 33%% Chance Hike in 9 months 83%
ECONOMIST FORECASTS
Prime Rate (Year-end 2023) 7.20% Prime Rate (Year-end 2024) 5.95% 5-year Yield (Year-end 2023) 3.55% 5-year Yield (Year-end 2024) 3.10% 5-year Fixed (Year-end 2023) 5.05% 5-year Fixed (Year-end 2024) 4.60%
REAL ESTATE MARKET
Average Home Price (CREA)$650,140Average Price Gain (y/y) +2.10% Home Sales Growth (y/y) +5.30% Months of Inventory 3.4 Inventory Growth (y/y) -5.84%
KEY ECONOMIC INDICATORS
Full-time Job Gains (Last mo.) 32,200Full-time Job Gains (6-mo. avg) 20,367 Core CPI Canada (Last mo.) 4.27% Core CPI U.S. (Last mo.) 4.30% Canada GDP (Latest qtr.) -0.20% 
5-YEAR BOND YIELD
2023-1-26
Bank of Canada's first rate hike of 2023 could also be its lastToday marked the eighth consecutive rate hike by the Bank of Canada, and the first of 2023. If market expectations are...
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...
