Benchmark Qualifying Rate
5.25% Prime Rate
4.70% 5-year Canada Bond Yield 2.89% Overnight Target Rate 2.50%30-day Bankers' Acceptances
3.28%
COMMON BROKER RATES
5-year Fixed Mortgage 5.32% Variable Mortgage 4.39% 
MARKET SPREADS
5-year Fixed – Bond Yield 2.43% Variable – BA 1.11% Fixed-Variable Mortgage 0.93%
BANK OF CANADA
Next BoC Meeting 07 Sep, 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) 5.33% 5-year Yield (Year-end 2022) 1.90% 5-year Yield (Year-end 2023) 3.35% 5-year Fixed (Year-end 2022) 3.4% 5-year Fixed (Year-end 2023) 3.35%
REAL ESTATE MARKET
Average Home Price (CREA)$629,971Average Price Gain (y/y) -5.00% Home Sales Growth (y/y) -23.90% Months of Inventory 3.4 Inventory Growth (y/y) +45.86%
KEY ECONOMIC INDICATORS
Full-time Job Gains (Last mo.) -13,100Full-time Job Gains (6-mo. avg) 38,483 Core CPI Canada (Last mo.) 5.30% Core CPI U.S. (Last mo.) 5.90% Canada GDP (Latest qtr.) 3.10% 
5-YEAR BOND YIELD
2022-7-13
Reaction to the Bank of Canada's 100-bps shockerHaving been behind the inflation curve for many months, the Bank of Canada today tried to get ahead of it by deliverin...
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...
