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%
COMMON BROKER RATES
5-year Fixed Mortgage 2.12% Variable Mortgage 1.46% 
MARKET SPREADS
5-year Fixed – Bond Yield 0.53% Variable – BA 1.24% Fixed-Variable Mortgage 0.66%
BANK OF CANADA
Next BoC Meeting 26 Jan, 2022 % Chance Hike Next Meeting 89%% Chance Hike in 9 months 414%
ECONOMIST FORECASTS
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%
REAL ESTATE MARKET
Average Home Price (CREA)$713,500Average Price Gain (y/y) +17.70% Home Sales Growth (y/y) -9.90% Months of Inventory 1.6 Inventory Growth (y/y) -27.99%
KEY ECONOMIC INDICATORS
Full-time Job Gains (Last mo.) 123,000Full-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% 
5-YEAR BOND YIELD
2022-1-04
Markets Increasingly Expect a Bank of Canada Rate Hike This MonthEarlier this week, RBC's CEO called for the Bank of Canada to take "rapid action" and raise interest rates to bring in...
2022-1-04
2022 Housing and Interest Rate ForecastsFor the second straight year—and in the face of an ongoing pandemic—the Canadian real estate market has continued to...
2021-11-16
Fixed-Rate Increases Costing Today’s Homebuyers Over $10,000 More in InterestFixed mortgage rates have been climbing steadily since September. But by how much and at what cost to new homebuyers? ...
