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

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 102 series, with data starting from 2013, and some select series starting from 2016. This table contains data described by the following dimensions (Not all combinations are available): Geography (1 item: Canada), Components (51 items: Total, funds advanced, residential mortgages, insured; Variable rate, insured; Fixed rate, insured, less than 1 year; Fixed rate, insured, from 1 to less than 3 years; ...), and Unit of measure (2 items: Dollars; Interest rate). For additional clarification on the component dimension, please visit the OSFI website for the Report on New and Existing Lending.

The share of mortgages in arrears in Canada decreased for the third year in a row in 2022, reaching tan all-time low. As of December 2022, the rate of mortgage arrears was 0.15 percent, down from 0.42 percent in 2009, when the highest rate was observed. Among the different provinces, the arrears rate was the highest in Saskatchewan at 0.63 percent in December 2023.

Canada Conventional Mortgage: 5 Years data was reported at 6.490 % pa in Feb 2025. This stayed constant from the previous number of 6.490 % pa for Jan 2025. Canada Conventional Mortgage: 5 Years data is updated monthly, averaging 7.420 % pa from Jan 1973 (Median) to Feb 2025, with 626 observations. The data reached an all-time high of 21.750 % pa in Sep 1981 and a record low of 4.640 % pa in Jun 2017. Canada Conventional Mortgage: 5 Years 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.

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.

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.

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; ...).

Canada Conventional Mortgage: 1 Year: Weekly data was reported at 6.990 % pa in 19 Mar 2025. This stayed constant from the previous number of 6.990 % pa for 12 Mar 2025. Canada Conventional Mortgage: 1 Year: Weekly data is updated weekly, averaging 3.750 % pa from Jan 2000 (Median) to 19 Mar 2025, with 1316 observations. The data reached an all-time high of 8.300 % pa in 31 May 2000 and a record low of 2.790 % pa in 16 Mar 2022. Canada Conventional Mortgage: 1 Year: 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.

In 2023, the total value of mortgage debt outstanding in Canada amounted to nearly 1.8 trillion Canadian dollars. Chartered banks held the largest share of mortgages outstanding.

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 ...).

As of the first quarter of 2023, the average LTV ratio in Canada was 58.6 percent. The loan-to-value (LTV) ratio is a key metric that measures the size of the mortgage loan compared to the value of the asset purchased. Generally, higher loan-to-value ratios are associated with higher risk.

This dataset provides values for 30 YEAR MORTGAGE RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Canada Conventional Mortgage: 3 Years: Weekly data was reported at 6.540 % pa in 05 Mar 2025. This stayed constant from the previous number of 6.540 % pa for 26 Feb 2025. Canada Conventional Mortgage: 3 Years: Weekly data is updated weekly, averaging 4.495 % pa from Jan 2000 (Median) to 05 Mar 2025, with 1314 observations. The data reached an all-time high of 8.550 % pa in 31 May 2000 and a record low of 3.390 % pa in 13 Sep 2017. Canada Conventional Mortgage: 3 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.

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 ...).

Canada Residential Mortgages: Funds Advanced: Uninsured: Fixed Rate: 5 Yrs & Over data was reported at 4.820 % pa in Oct 2024. This records a decrease from the previous number of 4.920 % pa for Sep 2024. Canada Residential Mortgages: Funds Advanced: Uninsured: Fixed Rate: 5 Yrs & Over data is updated monthly, averaging 3.075 % pa from Jan 2013 (Median) to Oct 2024, with 142 observations. The data reached an all-time high of 6.000 % pa in Nov 2023 and a record low of 1.940 % pa in Feb 2021. Canada Residential Mortgages: Funds Advanced: Uninsured: Fixed Rate: 5 Yrs & Over data remains active status in CEIC and is reported by Bank of Canada. The data is categorized under Global Database’s Canada – Table CA.M008: New and Existing Lending: Residential Mortgages. [COVID-19-IMPACT]

Key information about Canada Long Term Interest Rate

• Canada Government Benchmark Bonds Yield: Month End: 10 Years was reported at 2.90 % pa in Feb 2025, compared with 3.07 % pa in the previous month.
• Canada Long Term Interest Rate data is updated monthly, available from Jan 1993 to Feb 2025.
• The data reached an all-time high of 9.28 % pa in Jun 1994 and a record low of 0.46 % pa in Jul 2020.
• Long Term Interest Rate is reported by reported by Bank of Canada.

• In the latest reports, Canada Short Term Interest Rate: Month End: Treasury Bills Yield: 3 Months was reported at 2.82 % pa in Feb 2025.
• The cash rate (Policy Rate: Month End: Overnight Target Rate) was set at 3.00 % pa in Feb 2025.
• Canada Exchange Rate against USD averaged 1.33 (USD/CAD) in Jun 2023.

Prices for Canada 5Y including live quotes, historical charts and news. Canada 5Y was last updated by Trading Economics this March 27 of 2025.

Canada Consumer Price Index (CPI): All Items excl Mortgage Interest Cost data was reported at 162.600 2002=100 in Feb 2025. This records an increase from the previous number of 160.900 2002=100 for Jan 2025. Canada Consumer Price Index (CPI): All Items excl Mortgage Interest Cost data is updated monthly, averaging 106.000 2002=100 from Dec 1984 (Median) to Feb 2025, with 483 observations. The data reached an all-time high of 162.600 2002=100 in Feb 2025 and a record low of 60.200 2002=100 in Dec 1984. Canada Consumer Price Index (CPI): All Items excl Mortgage Interest Cost data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.I009: Core Inflation Index.

Canada Consumer Price Index (CPI): Shelter: OA: Mortgage Interest Cost data was reported at 181.100 2002=100 in Feb 2025. This records an increase from the previous number of 180.700 2002=100 for Jan 2025. Canada Consumer Price Index (CPI): Shelter: OA: Mortgage Interest Cost data is updated monthly, averaging 87.300 2002=100 from Jan 1949 (Median) to Feb 2025, with 914 observations. The data reached an all-time high of 181.100 2002=100 in Feb 2025 and a record low of 9.900 2002=100 in May 1951. Canada Consumer Price Index (CPI): Shelter: OA: Mortgage Interest Cost data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.I002: Consumer Price Index: 2002=100.