Five-year bond yields, which serve a benchmark for mortgage loans, are at a record low. Anticipation of increased lending has helped push the cost to hedge mortgage loans by banks to the highest level since August 2013, when frenzied activity in the housing market prompted authorities to clamp down.
http://www.vancouversun.com/business/affordability/Canada+overheated+housing+market+even+hotter+bond/10748181/story.html