In 2023, mortgage interest rates in Canada increased for all types of mortgages. The interest rate for fixed mortgage interest rates for five years and more doubled, from 2.38 percent to 5.52 percent between December 2021 and December 2023. The higher borrowing costs led to the housing market contracting in 2022 and corrections of the property prices across the country.

This table contains data described by the following dimensions (Not all combinations are available): Geography (1 items: Canada ...).

The average mortgage payment across all Canadian metros declined in 2023. In the third quarter of the year, Vancouver and Toronto topped the ranking of highest mortgage payment costs. Homebuyers in Vancouver had to pay, on average, 2,410 Canadian dollars monthly, while in Toronto, the average monthly scheduled mortgage payment was 2,318 Canadian dollars. Canada’s housing market House prices in Canada vary widely across the country. In 2023, the average sales price of detached single-family homes in Vancouver was nearly three times as expensive as the national average. Vancouver is undoubtedly considered the least affordable housing market: In 2021, the cost of buying a home with a 25-year mortgage in Canada was approximately 45 percent of the median household income, whereas in Vancouver, it was nearly 64 percent. Development of house prices The development of house prices depends on multiple factors, such as availability on the market and demand. Since 2005, house prices in Canada have been continuously growing. According to the MSL composite house price index, 2021 measured the highest house price increase.

The benchmark interest rate in Canada was last recorded at 2.75 percent. This dataset provides - Canada Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

This table contains data described by the following dimensions (Not all combinations are available): Geography (13 items: Canada; Newfoundland and Labrador; Prince Edward Island; Atlantic provinces ...), Housing estimates (3 items: Housing starts; Housing under construction; Housing completions ...), Type of unit (6 items: Total units; Multiples; Single-detached; Semi-detached ...), Seasonal adjustment (2 items: Unadjusted; Seasonally adjusted at annual rates ...).

Mortgage Rate: Average: First Time Buyer: Gansu: Lanzhou data was reported at 5.280 % pa in Jun 2021. This records an increase from the previous number of 5.260 % pa for May 2021. Mortgage Rate: Average: First Time Buyer: Gansu: Lanzhou data is updated monthly, averaging 5.260 % pa from Apr 2021 (Median) to Jun 2021, with 3 observations. The data reached an all-time high of 5.280 % pa in Jun 2021 and a record low of 5.260 % pa in May 2021. Mortgage Rate: Average: First Time Buyer: Gansu: Lanzhou data remains active status in CEIC and is reported by Rong 360 BigData Research Institute. The data is categorized under China Premium Database’s Money Market, Interest Rate, Yield and Exchange Rate – Table CN.MA: Rediscount and Lending Rate: Mortgage. contact us
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This dataset includes one dataset which was custom ordered from Statistics Canada.The table includes information on housing suitability and shelter-cost-to-income ratio by number of bedrooms, housing tenure, age of primary household maintainer, household type, and income quartile ranges for census subdivisions in British Columbia. The dataset is in Beyond 20/20 (.ivt) format. The Beyond 20/20 browser is required in order to open it. This software can be freely downloaded from the Statistics Canada website: https://www.statcan.gc.ca/eng/public/beyond20-20 (Windows only). For information on how to use Beyond 20/20, please see: http://odesi2.scholarsportal.info/documentation/Beyond2020/beyond20-quickstart.pdf https://wiki.ubc.ca/Library:Beyond_20/20_Guide Custom order from Statistics Canada includes the following dimensions and variables: Geography: Non-reserve CSDs in British Columbia - 299 geographies The global non-response rate (GNR) is an important measure of census data quality. It combines total non-response (households) and partial non-response (questions). A lower GNR indicates a lower risk of non-response bias and, as a result, a lower risk of inaccuracy. The counts and estimates for geographic areas with a GNR equal to or greater than 50% are not published in the standard products. The counts and estimates for these areas have a high risk of non-response bias, and in most cases, should not be released. Housing Tenure Including Presence of Mortgage (5) 1. Total – Private non-band non-farm off-reserve households with an income greater than zero by housing tenure 2. Households who own 3. With a mortgage1 4. Without a mortgage 5. Households who rent Notes: 1) Presence of mortgage - Refers to whether the owner households reported mortgage or loan payments for their dwelling. 2015 Before-tax Household Income Quartile Ranges (5) 1. Total – Private households by quartile ranges1, 2, 3 2. Count of households under or at quartile 1 3. Count of households between quartile 1 and quartile 2 (median) (including at quartile 2) 4. Count of households between quartile 2 (median) and quartile 3 (including at quartile 3) 5. Count of households over quartile 3 Notes: 1) A private household will be assigned to a quartile range depending on its CSD-level location and depending on its tenure (owned and rented). Quartile ranges for owned households in a specific CSD are delimited by the 2015 before-tax income quartiles of owned households with an income greater than zero and residing in non-farm off-reserve dwellings in that CSD. Quartile ranges for rented households in a specific CSD are delimited by the 2015 before-tax income quartiles of rented households with an income greater than zero and residing in non-farm off-reserve dwellings in that CSD. 2) For the income quartiles dollar values (the delimiters) please refer to Table 1. 3) Quartiles 1 to 3 are suppressed if the number of actual records used in the calculation (not rounded or weighted) is less than 16. For cases in which the renters’ quartiles or the owners’ quartiles (figures from Table 1) of a CSD are suppressed the CSD is assigned to a quartile range depending on the provincial renters’ or owners’ quartile figures. Number of Bedrooms (Unit Size) (6) 1. Total – Private households by number of bedrooms1 2. 0 bedrooms (Bachelor/Studio) 3. 1 bedroom 4. 2 bedrooms 5. 3 bedrooms 6. 4 bedrooms Note: 1) Dwellings with 5 bedrooms or more included in the total count only. Housing Suitability (6) 1. Total - Housing suitability 2. Suitable 3. Not suitable 4. One bedroom shortfall 5. Two bedroom shortfall 6. Three or more bedroom shortfall Note: 1) 'Housing suitability' refers to whether a private household is living in suitable accommodations according to the National Occupancy Standard (NOS); that is, whether the dwelling has enough bedrooms for the size and composition of the household. A household is deemed to be living in suitable accommodations if its dwelling has enough bedrooms, as calculated using the NOS. 'Housing suitability' assesses the required number of bedrooms for a household based on the age, sex, and relationships among household members. An alternative variable, 'persons per room,' considers all rooms in a private dwelling and the number of household members. Housing suitability and the National Occupancy Standard (NOS) on which it is based were developed by Canada Mortgage and Housing Corporation (CMHC) through consultations with provincial housing agencies. Shelter-cost-to-income-ratio (4) 1. Total – Private non-band non-farm off-reserve households with an income greater than zero 2. Spending less than 30% of households total income on shelter costs 3. Spending 30% or more of households total income on shelter costs 4. Spending 50% or more of households total income on shelter costs Note: 'Shelter-cost-to-income ratio' refers to the proportion of average total income of household which is spent on shelter costs. Household Statistics (8) 1....

This statistic the mortgage arrears rate in British Columbia from 2009 until 2020. The mortgage arrears rate in British Columbia fell from 0.47 percent in 2011 to 0.15 percent in 2020. British Colombia had one of the lowest arrear rates across the different provinces in Canada.

This table contains data described by the following dimensions (Not all combinations are available): Geography (39 items: All census agglomerations 50,000 and over; Barrie; Ontario; Belleville; Ontario; Abbotsford-Mission; British Columbia ...).

The interest rate of business loans in Canada dropped significantly over the early months of 2020, but it soared in 2022 and 2023. In February 2020, the interest rate for business loans was 4.06 percent and it dropped to 2.8 in September 2021. The interest rate remained low until early 2022, when it began to increase at fast-pace. In September 2024, the rate declined by 13 basis points compared to the same period of the previous year.

This table contains data described by the following dimensions (Not all combinations are available): Geography (38 items: All census agglomerations 50;000 and over; Barrie; Ontario; Belleville; Ontario; Abbotsford-Mission; British Columbia ...), Completed dwelling units (2 items: Absorptions; Unabsorbed inventory ...), Type of dwelling unit (3 items: Total units; Single detached units; Semi-detached units ...).

The average resale house price in Canada was forecast to reach nearly 836,000 Canadian dollars in 2026, according to a January forecast. In 2024, house prices increased after falling for the first time since 2019. One of the reasons for the price correction was the notable drop in transaction activity. Housing transactions picked up in 2024 and are expected to continue to grow until 2026. British Columbia, which is the most expensive province for housing, is projected to see the average house price reach 1.2 million Canadian dollars in 2026. Affordability in Vancouver Vancouver is the most populous city in British Columbia and is also infamously expensive for housing. In 2023, the city topped the ranking for least affordable housing market in Canada, with the average homeownership cost outweighing the average household income. There are a multitude of reasons for this, but most residents believe that foreigners investing in the market cause the high housing prices. Victoria housing market The capital of British Columbia is Victoria, where housing prices are also very high. The price of a single family home in Victoria's most expensive suburb, Oak Bay was 1.9 million Canadian dollars in 2024.

Mortgage Rate: Average: Second Time Buyer: Gansu: Lanzhou data was reported at 5.490 % pa in Jun 2021. This records a decrease from the previous number of 5.520 % pa for May 2021. Mortgage Rate: Average: Second Time Buyer: Gansu: Lanzhou data is updated monthly, averaging 5.520 % pa from Apr 2021 (Median) to Jun 2021, with 3 observations. The data reached an all-time high of 5.550 % pa in Apr 2021 and a record low of 5.490 % pa in Jun 2021. Mortgage Rate: Average: Second Time Buyer: Gansu: Lanzhou data remains active status in CEIC and is reported by Rong 360 BigData Research Institute. The data is categorized under China Premium Database’s Money Market, Interest Rate, Yield and Exchange Rate – Table CN.MA: Rediscount and Lending Rate: Mortgage. contact us
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This table contains data described by the following dimensions (Not all combinations are available): Geography (37 items: Census metropolitan areas; Saguenay; Quebec; Calgary; Alberta; Edmonton; Alberta ...).

This table contains 80 series, with data starting from 1982 (not all combinations necessarily have data for all years). This table contains data described by the following dimensions (Not all combinations are available): Geography (1 item: Canada); Mortgages (4 items: Total, mortgage loans outstanding; Mortgages in Canada outstanding; Mortgage loans outside Canada outstanding; Allowance for credit losses); Increases and decreases (15 items: Total, increases and decreases; Gross increase; Cash disbursement of principal; Purchases of mortgages from; ...); Type of mortgage (7 items: Total, mortgages; Total, residential mortgages; Residential mortgages, insured; Residential mortgages, uninsured; ...).

Economic Forecasts, including 2011 actual values, 2012 estimated values, and 2013 through 2017 forecast values: Major Economic Assumptions for British Columbia; GDP, Industrial Production, Housing Starts, Consumer Price Index, Cdn interest rates, US interest rates and exchange rates, Export Price Deflator

This dataset includes one dataset which was custom ordered from Statistics Canada.The table includes information on housing suitability and shelter-cost-to-income ratio by number of bedrooms, housing tenure, status of primary household maintainer, household type, and income quartile ranges for census subdivisions in British Columbia. The dataset is in Beyond 20/20 (.ivt) format. The Beyond 20/20 browser is required in order to open it. This software can be freely downloaded from the Statistics Canada website: https://www.statcan.gc.ca/eng/public/beyond20-20 (Windows only). For information on how to use Beyond 20/20, please see: http://odesi2.scholarsportal.info/documentation/Beyond2020/beyond20-quickstart.pdf https://wiki.ubc.ca/Library:Beyond_20/20_Guide Custom order from Statistics Canada includes the following dimensions and variables: Geography: Non-reserve CSDs in British Columbia - 299 geographies The global non-response rate (GNR) is an important measure of census data quality. It combines total non-response (households) and partial non-response (questions). A lower GNR indicates a lower risk of non-response bias and, as a result, a lower risk of inaccuracy. The counts and estimates for geographic areas with a GNR equal to or greater than 50% are not published in the standard products. The counts and estimates for these areas have a high risk of non-response bias, and in most cases, should not be released. All the geographies requested for this tabulation have been cleared for the release of income data and have a GNR under 50%. Housing Tenure Including Presence of Mortgage (5) 1. Total – Private non-band non-farm off-reserve households with an income greater than zero by housing tenure 2. Households who own 3. With a mortgage1 4. Without a mortgage 5. Households who rent Note: 1) Presence of mortgage - Refers to whether the owner households reported mortgage or loan payments for their dwelling. 2015 Before-tax Household Income Quartile Ranges (5) 1. Total – Private households by quartile ranges1, 2, 3 2. Count of households under or at quartile 1 3. Count of households between quartile 1 and quartile 2 (median) (including at quartile 2) 4. Count of households between quartile 2 (median) and quartile 3 (including at quartile 3) 5. Count of households over quartile 3 Notes: 1) A private household will be assigned to a quartile range depending on its CSD-level location and depending on its tenure (owned and rented). Quartile ranges for owned households in a specific CSD are delimited by the 2015 before-tax income quartiles of owned households with an income greater than zero and residing in non-farm off-reserve dwellings in that CSD. Quartile ranges for rented households in a specific CSD are delimited by the 2015 before-tax income quartiles of rented households with an income greater than zero and residing in non-farm off-reserve dwellings in that CSD. 2) For the income quartiles dollar values (the delimiters) please refer to Table 1. 3) Quartiles 1 to 3 are suppressed if the number of actual records used in the calculation (not rounded or weighted) is less than 16. For cases in which the renters’ quartiles or the owners’ quartiles (figures from Table 1) of a CSD are suppressed the CSD is assigned to a quartile range depending on the provincial renters’ or owners’ quartile figures. Number of Bedrooms (Unit Size) (6) 1. Total – Private households by number of bedrooms1 2. 0 bedrooms (Bachelor/Studio) 3. 1 bedroom 4. 2 bedrooms 5. 3 bedrooms 6. 4 bedrooms Note: 1) Dwellings with 5 bedrooms or more included in the total count only. Housing Suitability (6) 1. Total - Housing suitability 2. Suitable 3. Not suitable 4. One bedroom shortfall 5. Two bedroom shortfall 6. Three or more bedroom shortfall Note: 1) 'Housing suitability' refers to whether a private household is living in suitable accommodations according to the National Occupancy Standard (NOS); that is, whether the dwelling has enough bedrooms for the size and composition of the household. A household is deemed to be living in suitable accommodations if its dwelling has enough bedrooms, as calculated using the NOS. 'Housing suitability' assesses the required number of bedrooms for a household based on the age, sex, and relationships among household members. An alternative variable, 'persons per room,' considers all rooms in a private dwelling and the number of household members. Housing suitability and the National Occupancy Standard (NOS) on which it is based were developed by Canada Mortgage and Housing Corporation (CMHC) through consultations with provincial housing agencies. Shelter-cost-to-income-ratio (4) 1. Total – Private non-band non-farm off-reserve households with an income greater than zero 2. Spending less than 30% of households total income on shelter costs 3. Spending 30% or more of households total income on shelter costs 4. Spending 50% or more of households total income on shelter costs Note: 'Shelter-cost-to-income...

A tabular presentation of prices, earnings and financial indicators in British Columbia, including CPI; interest, mortgage and exchange rates; wages and household income, 1982 to 2012 with annual percentage changes.

As of the third quarter of 2023, approximately one in four mortgage holders in Canada was between the age of 45 and 54. In comparison, people under the age of 25 with mortgage loan represented the just one percent of the total.

This table contains data described by the following dimensions (Not all combinations are available): Geography (13 items: Canada; Newfoundland and Labrador; Prince Edward Island; Atlantic provinces ...).