Debt Update

Weekly Update on Rates

RBC Prime Rate

5.45%

5 Year GOC 3.23% & 10 Year GOC 3.50%

5 Year CMB 3.44% & 10 Year CMB 3.87%

Based on the above noted rates and using the CMB we can estimate CMHC financing rates for 5 Year at 3.9% +/- and 10 Year at 4.4% +/-