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Benchmark Qualifying Rate
 5.25%
Prime Rate
 5.95%
5-year Canada Bond Yield
 3.04%
Overnight Target Rate
 3.75%
30-day Bankers' Acceptances
 4.44%
5-year Fixed Mortgage
 5.63%
Variable Mortgage
  5.71%
5-year Fixed – Bond Yield
 2.59%
Variable – BA
 1.27%
Fixed-Variable Mortgage
 -0.08%
Next BoC Meeting 07 Dec, 2022
% Chance Hike Next Meeting
100%
% Chance Hike in 9 months
 0%
Prime Rate (Year-end 2022)
 3.45%
Prime Rate (Year-end 2023)
 5.95%
5-year Yield (Year-end 2022)
 1.90%
5-year Yield (Year-end 2023)
  3.70%
5-year Fixed (Year-end 2022)
 3.4%
5-year Fixed (Year-end 2023)
 5.20%
Average Home Price (CREA)
$644,643
Average Price Gain (y/y)
  -9.90%
Home Sales Growth (y/y)
 -36.00%
Months of Inventory
 3.8
Inventory Growth (y/y)
 +85.32%
Full-time Job Gains (Last mo.)
50,700
Full-time Job Gains (6-mo. avg)
 25,817
Core CPI Canada (Last mo.)
  5.40%
Core CPI U.S. (Last mo.)
6.30%
Canada GDP (Latest qtr.)
2.90%

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2022-11-28

As bond yields fall, mortgage providers are cutting fixed mortgage rates

With bond yields nearly 60 basis points off their highs reached earlier this month, fixed mortgage rates are slowly fo...

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2022-10-27

More borrowers to reach their trigger rate as prime rate rises to 5.95%

Variable-rate mortgage holders should know the drill by now. Prime rate is rising another 50 basis points on Th...

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2022-8-31

The Bank of Canada's September rate hike will be its last: CIBC

If CIBC economists are correct, the Bank of Canada's expected rate hike next week will be its last of this rate-hike c...

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