Rates have been trending downward in Canada for the last five years. The ebbs and flows are caused by changes in Canada’s bond yields (driven by Canadians economic developments and international rate movements, particularly U.S. rate fluctuations) and the overnight rate (which is set by the Bank of Canada). As of August 2022, there has been a 225 bps increase in the prime rate, since beginning of year 2022, from 2.45% to 4.70% as of Aug 24th 2022. The following are the historical conventional mortgage rates offered by the 6 major chartered banks in Canada in the past 20 years.

In 2025, mortgage interest rates in Canada decreased. The five-year insured fixed mortgage interest rate as of May 2025 stood at **** percent, making it the most affordable mortgage type. Meanwhile, the insured mortgage rate fixed for under one year was the highest, at **** percent.

The benchmark interest rate in Canada was last recorded at 2.25 percent. This dataset provides - Canada Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Evaluate Canada’s best mortgage rates in one place. RATESDOTCA’s Rate Matrix lets you compare pricing for all key mortgage types and terms. Rates are based on an average mortgage of $300,000

Canada Conventional Mortgage: 5 Years: Weekly data was reported at 6.490 % pa in 07 May 2025. This stayed constant from the previous number of 6.490 % pa for 30 Apr 2025. Canada Conventional Mortgage: 5 Years: Weekly data is updated weekly, averaging 5.700 % pa from Jan 2000 (Median) to 07 May 2025, with 1323 observations. The data reached an all-time high of 8.750 % pa in 31 May 2000 and a record low of 4.640 % pa in 12 Jul 2017. Canada Conventional Mortgage: 5 Years: Weekly data remains active status in CEIC and is reported by Bank of Canada. The data is categorized under Global Database’s Canada – Table CA.M005: Conventional Mortgage Rate. [COVID-19-IMPACT]

National Bank Of Canada reported CAD28.46B in Loan Capital for its fiscal quarter ending in June of 2025. Data for National Bank Of Canada | NA - Loan Capital including historical, tables and charts were last updated by Trading Economics this last November in 2025.

Prices for Canada 5Y including live quotes, historical charts and news. Canada 5Y was last updated by Trading Economics this December 2 of 2025.

Home affordability has worsened substantially in Canada since 2021. In the first quarter of 2025, the monthly single-family mortgage payment amounted to approximately 61.7 percent of a household's income, on average. In 2021, when affordability had improved slightly, the average mortgage payment constituted 46.5 percent of a household's income.

Royal Bank of Canada reported CAD13.83B in Loan Capital for its fiscal quarter ending in June of 2025. Data for Royal Bank of Canada | RY - Loan Capital including historical, tables and charts were last updated by Trading Economics this last December in 2025.

Canada's inflation rate experienced significant fluctuations from 2018 to 2025. Inflation peaked at *** percent in June 2022 before steadily declining to *** percent by December 2024. In early 2025, inflation began to increase again, rising to *** percent in February and dropping to *** percent in March. In April 2025, inflation decreased to *** percent. In response to rising inflation between 2020 and 2022, the Bank of Canada implemented aggressive interest rate hikes. The bank rate reached a maximum of **** percent in July 2023 and remained stable until June 2024. As inflationary pressures eased in the second half of 2024, the central bank reduced interest rates to *** percent in December 2024. In 2025, the bank rate witnessed further cuts, standing at * percent in March 2025 and **** percent in September 2025. This pattern reflected broader global economic trends, with most advanced and emerging economies experiencing similar inflationary challenges and monetary policy adjustments. Global context of inflation and interest rates The Canadian experience aligns with the broader international trend of central banks raising policy rates to combat inflation. Between 2021 and 2023, nearly all advanced and emerging economies increased their central bank rates. However, a shift occurred in the latter half of 2024, with many countries, including Canada, beginning to lower rates. This change suggests a new phase in the global economic cycle and monetary policy approach. Notably, among surveyed countries, Russia maintained the highest interest rate in early 2025, while Japan had the lowest rate. Comparison with the United States The United States experienced a similar trajectory in inflation and interest rates. U.S. inflation peaked at *** percent in June 2022, slightly higher than Canada's peak. The Federal Reserve responded with a series of rate hikes, reaching **** percent in August 2023. This rate remained unchanged until September 2024, when the first cut since September 2021 was implemented. In contrast, Canada's bank rate peaked at **** percent and began decreasing earlier, with cuts in June and July 2024. These differences highlight the nuanced approaches of central banks in managing their respective economies amid global inflationary pressures.

Bank Lending Rate in Canada decreased to 4.45 percent in November from 4.70 percent in October of 2025. This dataset provides - Canada Prime Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Sleep Country Canada Holdings reported CAD463.23M in Loan Capital for its fiscal quarter ending in June of 2024. Data for Sleep Country Canada Holdings | ZZZ - Loan Capital including historical, tables and charts were last updated by Trading Economics this last December in 2025.

Power Of Canada reported CAD16.72B in Loan Capital for its fiscal quarter ending in September of 2025. Data for Power Of Canada | POW - Loan Capital including historical, tables and charts were last updated by Trading Economics this last December in 2025.

Laurentian Bank Of Canada reported CAD14.44B in Loan Capital for its fiscal quarter ending in June of 2025. Data for Laurentian Bank Of Canada | LB - Loan Capital including historical, tables and charts were last updated by Trading Economics this last December in 2025.

Canada Goose Holdings reported CAD659.8M in Loan Capital for its fiscal quarter ending in September of 2025. Data for Canada Goose Holdings | GOOS - Loan Capital including historical, tables and charts were last updated by Trading Economics this last December in 2025.

Air Canada reported CAD8.7B in Loan Capital for its fiscal quarter ending in September of 2025. Data for Air Canada | AC - Loan Capital including historical, tables and charts were last updated by Trading Economics this last December in 2025.

Housing Starts in Canada decreased to 232.80 Thousand units in October from 279.20 Thousand units in September of 2025. This dataset provides the latest reported value for - Canada Housing Starts - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Nexgen Energy (Canada) Ltd reported CAD4.89M in Loan Capital for its fiscal quarter ending in September of 2025. Data for Nexgen Energy (Canada) Ltd | NXG - Loan Capital including historical, tables and charts were last updated by Trading Economics this last December in 2025.