A live look at the Canadian benchmarks that move mortgage and commercial financing, updated through the trading day, with plain-language context on what each one means for you. This is market data for information, not a rate quote or an offer of financing.
How the key Canadian benchmarks have moved, with US SOFR for cross-border context.
Canadian benchmarks first, then US and international reference rates for our cross-border and capital-markets work. Search a rate, or click any row for what it means.
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Because we track the full Canadian and cross-border rate picture, not just one number, we can turn it into reports you can act on. Most lenders show you their own rate; we show you the whole market and what it means for your file.
A one-page read on where rates sit and what moved this month, in plain language. In your inbox, once a month.
Get it monthlyBuying, refinancing, or building? We pull the benchmarks and spreads that matter to your deal and translate them into what your numbers could look like.
Request a briefPrefer the numbers? Export the current rate board as a CSV, with the full history available on request.
Export CSVShort, plain-language context. For what any of it means for your specific situation, talk to us.
A key benchmark behind CMHC-insured and multi-unit financing. When CMB yields move, pricing on many commercial and apartment deals tends to follow.
The reference for fixed mortgage pricing. Fixed rates generally track the 3, 5, 7, and 10-year yields, not the Bank of Canada rate.
Canada's risk-free benchmark. The term version increasingly underpins floating-rate commercial and construction loans.
The policy rate. It flows into Prime, which drives variable-rate mortgages and lines of credit.
What variable mortgages and HELOCs are priced from. It moves with the Bank of Canada's policy rate.
Inflation is what the Bank of Canada watches most. It shapes the path of the policy rate, and through it, your borrowing costs.
The US-dollar benchmark, the American equivalent of CORRA. It matters when financing involves US-dollar or cross-border capital, which can be part of larger commercial deals.
Used to price and hedge longer-term fixed US-dollar financing. They are a read on where the US market expects rates to sit over 2 to 10 years.
The UK sterling risk-free benchmark, included for global context alongside the North American rates.
The sterling equivalent of SOFR swaps, a window into longer-term UK rate expectations for cross-border and capital-markets work.
Short, plain-language reads on what we are seeing and what it means for residential and commercial borrowers.
A short, plain-language read on rates and what they mean for Canadian borrowers, in your inbox once a month. No noise, and you can unsubscribe anytime.
We start with where you want to get to, not just today's transaction. Buying, renewing, refinancing, or building, we will help you map a plan around your bigger picture and adjust it as the market moves.
Map out your planInformation here is general and educational. It is not financial, legal, or lending advice, and it is not an offer of financing. Market data is sourced from third parties (theFinancials.com), may be delayed, and is not guaranteed to be accurate or complete. A benchmark rate is not a rate you are offered. Term SOFR is provided by CME Group for information only, on a non-commercial basis; it may not be redistributed or used to create derivative works, and is shown here as a current value with no historical charting. All financing is subject to lender review, property review, and supporting documentation. TMG HarbourTown Mortgage Inc., Licence #3000145.