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Benchmark Qualifying Rate
 5.25%
Prime Rate
 2.45%
5-year Canada Bond Yield
 1.36%
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
 0.68%
Variable – BA
 0.95%
Fixed-Variable Mortgage
 0.87%
Next BoC Meeting 08 Dec, 2021
% Chance Hike Next Meeting
0%
% Chance Hike in 9 months
 297%
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)
$716,585
Average Price Gain (y/y)
  +18.20%
Home Sales Growth (y/y)
 -11.50%
Months of Inventory
 1.9
Inventory Growth (y/y)
 -14.83%
Full-time Job Gains (Last mo.)
31,000
Full-time Job Gains (6-mo. avg)
 22,100
Core CPI Canada (Last mo.)
  2.67%
Core CPI U.S. (Last mo.)
4.56%
Canada GDP (Latest qtr.)
5.40%

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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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2021-11-04

Big Banks and Other Lenders Start Hiking Fixed Rates

As expected, some major mortgage lenders have started a fresh round of rate hikes following this week’s run-up in bond...

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2021-10-12

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...

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