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Benchmark Qualifying Rate
 5.25%
Prime Rate
 2.45%
5-year Canada Bond Yield
 1.59%
Overnight Target Rate
 0.25%
30-day Bankers' Acceptances
 0.22%
5-year Fixed Mortgage
 2.12%
Variable Mortgage
  1.46%
5-year Fixed – Bond Yield
 0.53%
Variable – BA
 1.24%
Fixed-Variable Mortgage
 0.66%
Next BoC Meeting 26 Jan, 2022
% Chance Hike Next Meeting
89%
% Chance Hike in 9 months
 414%
Prime Rate (Year-end 2022)
 2.45%
Prime Rate (Year-end 2023)
 2.45%
5-year Yield (Year-end 2022)
 1.25%
5-year Yield (Year-end 2023)
  1.25%
5-year Fixed (Year-end 2022)
 2.75%
5-year Fixed (Year-end 2023)
 2.75%
Average Home Price (CREA)
$713,500
Average Price Gain (y/y)
  +17.70%
Home Sales Growth (y/y)
 -9.90%
Months of Inventory
 1.6
Inventory Growth (y/y)
 -27.99%
Full-time Job Gains (Last mo.)
123,000
Full-time Job Gains (6-mo. avg)
 64,400
Core CPI Canada (Last mo.)
  2.73%
Core CPI U.S. (Last mo.)
5.50%
Canada GDP (Latest qtr.)
5.40%

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2022-1-04

Markets Increasingly Expect a Bank of Canada Rate Hike This Month

Earlier this week, RBC's CEO called for the Bank of Canada to take "rapid action" and raise interest rates to bring in...

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2022-1-04

2022 Housing and Interest Rate Forecasts

For the second straight year—and in the face of an ongoing pandemic—the Canadian real estate market has continued to...

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2021-11-16

Fixed-Rate Increases Costing Today’s Homebuyers Over $10,000 More in Interest

Fixed mortgage rates have been climbing steadily since September. But by how much and at what cost to new homebuyers? ...

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