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Benchmark Qualifying Rate
 4.89%
Prime Rate
 3.20%
5-year Canada Bond Yield
 1.69%
Overnight Target Rate
 1.00%
30-day Bankers' Acceptances
 1.27%
5-year Fixed Mortgage
 2.93%
Variable Mortgage
  2.31%
5-year Fixed – Bond Yield
 1.24%
Variable – BA
 1.04%
Fixed-Variable Mortgage
 0.62%
Next BoC Meeting 25 Oct, 2017
% Chance Hike Next Meeting
21%
% Chance Hike in 9 months
 8%
Prime Rate (Year-end 2017)
 2.70%
Prime Rate (Year-end 2018)
 2.70%
5-year Yield (Year-end 2017)
 0.74%
5-year Yield (Year-end 2018)
  0.95%
5-year Fixed (Year-end 2017)
 2.24%
5-year Fixed (Year-end 2018)
 2.45%
Average Home Price (CREA)
$487,000
Average Price Gain (y/y)
  +2.80%
Home Sales Growth (y/y)
 -11.00%
Months of Inventory
 5
Inventory Growth (y/y)
 +6.22%
Full-time Job Gains (Last mo.)
112,000
Full-time Job Gains (6-mo. avg)
 3,217
Core CPI Canada (Last mo.)
  1.60%
Core CPI U.S. (Last mo.)
1.69%
Canada GDP (Latest qtr.)
4.50%

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That Was Painless

Ever since the infamous 2013 Taper Tantrum, we've been hearing about impending Fed rate hikes and all of their implicati...

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More on Benchmark Changes

Our recent story on changeovers in the benchmark 5-year bond sparked some good questions about how and when the ben...

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Changes in the Benchmark Bond

As most readers here know, fixed mortgage rates follow bond yields over time. That's why, with the 5-year fixed being Ca...

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