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Interest and Mortgage Rate Forecast

The Conference Board of Canada’s Economic Trends Division is recognized worldwide for its expertise in economic forecasting, modelling and analysis. We have produced accurate economic forecasts for Canada for more than 25 years.

We forecast the following interest and mortgage rates

  • 30-Day and 90-Day Corporate Paper
    Corporate paper is an unsecured promissory note. It is generally issued by banks and large corporations to finance their short-term credit needs. These notes have a fixed maturity date, usually between 1 and 270 days, and are backed only by the issuer’s good name.
  • Bank Rate
    The bank rate is the annual rate of interest charged by the Bank of Canada on its one-day loans to financial institutions.
  • Prime Lending Rate
    The prime rate is the benchmark lending rate for commercial banks. It is often referred to as the rate the banks charge their most creditworthy customers. While this was true in the past, today the prime is simply the benchmark lending rate (and banks will often charge their favoured customers below-prime rates).
  • 1-Year, 3-Year and 5-Year Conventional Mortgage
    In Canada, a conventional mortgage is one that does not exceed 80 per cent of the value of the property for which it was issued and which carries a fixed rate of interest.
  • Average 5-Year Residential Mortgage Rate
  • Consumer Loan Rate
    The average rate of interest charged on consumer loans by the major banks.

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Forecasts and research often involve numerous assumptions and data sources, and are subject to inherent risks and uncertainties. This information is not intended as specific investment, accounting, legal, or tax advice.

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