HOME
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%
5-year Fixed Mortgage
 2.04%
Variable Mortgage
  1.17%
5-year Fixed – Bond Yield
 0.72%
Variable – BA
 0.95%
Fixed-Variable Mortgage
 0.87%
Next BoC Meeting 27 Oct, 2021
% Chance Hike Next Meeting
0%
% Chance Hike in 9 months
 155%
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%
Average Home Price (CREA)
$686,650
Average Price Gain (y/y)
  +13.90%
Home Sales Growth (y/y)
 -17.50%
Months of Inventory
 2.1
Inventory Growth (y/y)
 -14.83%
Full-time Job Gains (Last mo.)
157,100
Full-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%

...
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...

Read More

...
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...

Read More

...
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...

Read More