Benchmark Qualifying Rate
5.25% Prime Rate
2.45% 5-year Canada Bond Yield 0.84% Overnight Target Rate 0.25%30-day Bankers' Acceptances
2.25%
5-year Fixed Mortgage 2.04% Variable Mortgage 1.14% 
5-year Fixed – Bond Yield 1.20% Variable – BA -1.11% Fixed-Variable Mortgage 0.90% Next BoC Meeting 14 Jul, 2021 % Chance Hike Next Meeting -19%% Chance Hike in 9 months 7% 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)$696,657Average Price Gain (y/y) +41.90% Home Sales Growth (y/y) +256.00% Months of Inventory 2 Inventory Growth (y/y) -78.41% Full-time Job Gains (Last mo.) -13,800Full-time Job Gains (6-mo. avg) 47,117 Core CPI Canada (Last mo.) 2.10% Core CPI U.S. (Last mo.) 3.80% Canada GDP (Latest qtr.) 5.60% 
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...
