Helio · MarketsLive · Bank of Canada · as of Nov 5, 2026
The cost of capital for Halifax development.
The rates that price a development — the policy rate, the Government of Canada yield curve, the mortgage-over-government spread — read against the Halifax pipeline. Six years of Bank of Canada history, not a broker quote. We track the benchmarks the capital stack is actually built on.
As of Nov 5, 2026 · rates: Bank of Canada published series · 38 series
Development pencils today. The window is open.
build spread · Δ +19 bp WoW · as of Nov 5, 2026 · yield-on-cost − indicative MLI take-out
Government of Canada yield curve
The 5-year Government of Canada yield (3.39%) is the spine of construction take-out financing; mortgage funding sits 2.80 points above it. With the policy rate at 2.50% and the curve upward-sloping, this is the cost-of-capital backdrop every Halifax pro-forma — across 17,784 units now under construction — is solved against.
Rate history & spreads
| Benchmark | Latest | Δ1d | 1mo | 1yr | 52-wk |
|---|---|---|---|---|---|
| Money & policy | |||||
| Overnight policy rate | 2.50% | • 0 | ▲ 25 | ▲ 25 | |
| Prime rate | 4.70% | ▲ 25 | ▲ 25 | • 0 | |
| CORRA | 2.52% | • 0 | ▲ 23 | ▲ 25 | |
| Government of Canada yield curve | |||||
| GoC 2-year | 3.17% | ▼ 5 | ▼ 6 | ▲ 75 | |
| GoC 3-year | 3.26% | ▼ 6 | ▼ 8 | ▲ 84 | |
| GoC 5-year | 3.39% | ▼ 4 | ▼ 20 | ▲ 66 | |
| GoC 7-year | 3.48% | ▼ 4 | ▼ 19 | ▲ 61 | |
| GoC 10-year | 3.67% | ▼ 3 | ▼ 25 | ▲ 51 | |
| GoC long (30-year) | 4.02% | ▼ 2 | ▼ 26 | ▲ 41 | |
| GoC real return (long) | 1.83% | ▲ 2 | ▼ 14 | ▲ 18 | |
| Financing benchmarksposted · BoC · not a quote | |||||
| Conventional mortgage 1-yr | 5.49% | • 0 | • 0 | ▼ 60 | |
| Conventional mortgage 3-yr | 6.05% | • 0 | • 0 | • 0 | |
| Conventional mortgage 5-yr | 6.19% | • 0 | ▲ 10 | ▲ 10 | |
| Spreads & signalscomputed by Helio | |||||
| Mortgage 5yr − GoC 5yr spreadmtg_5y − goc_5y | 2.80% | ▲ 4 | ▲ 30 | ▼ 56 | |
| Curve slope (10yr − 2yr)goc_10y − goc_2y | 0.50% | ▲ 2 | ▼ 19 | ▼ 24 | |
| FX | |||||
| USD / CAD | 1.4113 | ▲ 1 | ▼ 1 | • 0 | |
Scroll the table sideways for Δ1d & the 52-week range
Interactive history chart — enable JavaScript. The current values and changes are in the board above.
Rate shock on the Halifax pipeline
illustrative · the moat
+$64M / yr
A +100 bp move in the cost of capital adds that much in annual interest across Halifax's 30,602-unit pipeline. No one else can compute this — it needs both the rate feed and the parcel feed.
Illustrative: tracked pipeline units × a $300K/door cost assumption × ~70% leverage, at the live insured rate — not project-level underwriting. We do it parcel by parcel
Halifax development
These are the benchmarks. What they mean for a specific project is worked through in the calculators.
Run these rates through the calculators — the deal-impact engine, DSCR sizing, CMHC MLI Select & more, all fed by today's rate.
Helio Urban Development is a technology-led real estate company in Halifax that reads these benchmarks against its own development pipeline.
SOURCES · Rates, yields, spreads & FX: Bank of Canada published series (policy, prime, CORRA, the GoC benchmark curve, conventional-mortgage benchmark, USD/CAD), six years of daily history, latest Nov 5, 2026. Spreads & the curve slope are computed by Helio from those series. Halifax pipeline: the Helio Developments Map. Starts, vacancy & rent: CMHC + Statistics Canada (2026-06-23). Benchmark and policy rates only — not personalized or brokered rate quotes. Updated automatically each business day.