Benchmark Qualifying Rate
5.25% Prime Rate
3.70% 5-year Canada Bond Yield
2.97% Overnight Target Rate 1.50%30-day Bankers' Acceptances 2.63%
COMMON BROKER RATES
5-year Fixed Mortgage 5.17% Variable Mortgage 3.30% 
MARKET SPREADS
5-year Fixed – Bond Yield 2.20% Variable – BA 0.67% Fixed-Variable Mortgage 1.87%
BANK OF CANADA
Next BoC Meeting 13 Jul, 2022 % Chance Hike Next Meeting 200%% Chance Hike in 9 months 422%
ECONOMIST FORECASTS
Prime Rate (Year-end 2022) 3.45% Prime Rate (Year-end 2023) 4.70% 5-year Yield (Year-end 2022) 1.90% 5-year Yield (Year-end 2023) 2.90% 5-year Fixed (Year-end 2022) 3.4% 5-year Fixed (Year-end 2023) 4.40%
REAL ESTATE MARKET
Average Home Price (CREA)$711,316Average Price Gain (y/y) +3.40% Home Sales Growth (y/y) -21.70% Months of Inventory 2.7 Inventory Growth (y/y) +32.75%
KEY ECONOMIC INDICATORS
Full-time Job Gains (Last mo.) 135,000Full-time Job Gains (6-mo. avg) 50,483 Core CPI Canada (Last mo.) 4.73% Core CPI U.S. (Last mo.) 6.00% Canada GDP (Latest qtr.) 3.10% 
5-YEAR BOND YIELD
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 ...
2022-5-30
Bank of Canada widely expected to deliver another 50-bps rate hike this weekMarkets and economists fully expect the Bank of Canada to deliver its second half-point rate hike in as many months wh...
2022-4-28
Bank of Canada Prepared to Raise Interest Rates "Forcefully"Targeting high inflation is the Bank of Canada's top priority, and it's prepared to raise interest rates "forcefully" ...
