Benchmark Qualifying Rate
4.79% Prime Rate
2.45% 5-year Canada Bond Yield
0.72% Overnight Target Rate 0.25%30-day Bankers' Acceptances 2.25%
5-year Fixed Mortgage 1.64% Variable Mortgage 1.65% 
5-year Fixed – Bond Yield 0.92% Variable – BA -0.60% Fixed-Variable Mortgage -0.01% Next BoC Meeting 10 Mar, 2021 % Chance Hike Next Meeting -21%% Chance Hike in 9 months -20% Prime Rate (Year-end 2021) 3.95% Prime Rate (Year-end 2022) 2.45% 5-year Yield (Year-end 2021) 2.45% 5-year Yield (Year-end 2022) 0.60% 5-year Fixed (Year-end 2021) 3.95% 5-year Fixed (Year-end 2022) 2.40% Average Home Price (CREA)$621,525Average Price Gain (y/y) +22.80% Home Sales Growth (y/y) +35.20% Months of Inventory 1.9 Inventory Growth (y/y) -54.54% Full-time Job Gains (Last mo.) 12,600Full-time Job Gains (6-mo. avg) 136,217 Core CPI Canada (Last mo.) 1.50% Core CPI U.S. (Last mo.) 1.41% Canada GDP (Latest qtr.) 40.50% 
Ever since the infamous 2013 Taper Tantrum, we've been hearing about impending Fed rate hikes and all of their implicati...
Our recent story on changeovers in the benchmark 5-year bond sparked some good questions about how and when the ben...
As most readers here know, fixed mortgage rates follow bond yields over time. That's why, with the 5-year fixed being Ca...
