«Our use of posted mortgage rates, as opposed to market rates, in the calculation of affordability leads to a significant underestimation,» Hogue said. (canadianbusiness.com)
While data on discounted mortgage rates — the posted rates minus discounts offered by banks and A-lenders to good, qualified credit borrowers — is not readily available, the Canadian Mortgage and Housing Corporation collected data on posted mortgage rates going back to 1951. (moneysense.ca)
The spread between the banks 5 years fixed posted mortgage rate and GOC 5 years bond yield used to be 200 bps on an average. (canadianmortgageadvisor.ca)