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How are Market Conditions Determined?

We use Month’s of Inventory as the main indicator of market conditions. The needle above re-adjusts monthly, based on the latest inventory data from the Victoria Real Estate Board.

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How are Fixed Rates Determined?

Fixed Rates track Bond Yields Closely. Use the zoom feature to gain insight into the history of this relationship and also current trends. New data added daily. *Note > Current Rate Data is delayed approximately 3 months from Source (Bank of Canada).

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How are Variable Rates Determined?

Variable mortgage rates track the Bank of Canada’s Overnight Lending Rate. Use this zoom feature to gain insight into the history of this relationship and also current trends. New data added daily. *Note > Current Rate Data is delayed approximately 3 months from Source (Bank of Canada).

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What are Bond Yields and What do they Do?

Bond yields are the main driver of fixed rates, but also provide a hive-mind market prediction of where the Bank of Canada overnight rate may land within the same time frame. Use the zoom feature to get a closer look at bond yields for 2, 5, and 10-year durations. New data added daily.

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Tracking Inflation to Understand Interest Rates

Inflation is the primary driver of interest rates. Higher Inflation = Higher Rates. The opposite is also true. Use the zoom feature above to view current inflation trends and get a glimpse into the main driver of interest rates. New data is added monthly. TARGET RANGE IS 1-3%.