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.

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 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 two cuts, standing at ***** percent in May 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.

This table contains 39 series, with data for starting from 1991 (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); Financial market statistics (39 items: Government of Canada Treasury Bills, 1-month (composite rates); Government of Canada Treasury Bills, 2-month (composite rates); Government of Canada Treasury Bills, 3-month (composite rates);Government of Canada Treasury Bills, 6-month (composite rates); ...).

Canada BOS: Input Price Inflation: Increase data was reported at 32.000 % in Mar 2025. This records an increase from the previous number of 13.000 % for Dec 2024. Canada BOS: Input Price Inflation: Increase data is updated quarterly, averaging 26.000 % from Sep 1998 (Median) to Mar 2025, with 107 observations. The data reached an all-time high of 55.000 % in Mar 2011 and a record low of 9.000 % in Sep 2023. Canada BOS: Input Price Inflation: Increase data remains active status in CEIC and is reported by Bank of Canada. The data is categorized under Global Database’s Canada – Table CA.S003: Business Outlook Survey. Business Outlook Survey Questionnaire: Input Price Inflation - Over the next 12 months, are prices of products/services purchased expected to increase at a greater, lesser, or the same rate as over the past year? [COVID-19-IMPACT]

Canada Construction Price Index: Residential: Apartment: Low Rise data was reported at 106.600 2023=100 in Mar 2025. This records an increase from the previous number of 105.500 2023=100 for Dec 2024. Canada Construction Price Index: Residential: Apartment: Low Rise data is updated quarterly, averaging 73.400 2023=100 from Mar 2017 (Median) to Mar 2025, with 33 observations. The data reached an all-time high of 106.600 2023=100 in Mar 2025 and a record low of 58.100 2023=100 in Mar 2017. Canada Construction Price Index: Residential: Apartment: Low Rise data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.EA011: Construction Price Index: 2023=100.

The average Canadian house price declined slightly in 2023, after four years of consecutive growth. The average house price stood at ******* Canadian dollars in 2023 and was forecast to reach ******* Canadian dollars by 2026. Home sales on the rise The number of housing units sold is also set to increase over the two-year period. From ******* units sold, the annual number of home sales in the country is expected to rise to ******* in 2025. British Columbia and Ontario have traditionally been housing markets with prices above the Canadian average, and both are set to witness an increase in sales in 2025. How did Canadians feel about the future development of house prices? When it comes to consumer confidence in the performance of the real estate market in the next six months, Canadian consumers in 2024 mostly expected that the market would go up. A slightly lower share of the respondents believed real estate prices would remain the same.

Canada Construction Price Index: Residential: Apartment: High Rise: Halifax data was reported at 105.800 2023=100 in Mar 2025. This records an increase from the previous number of 105.200 2023=100 for Dec 2024. Canada Construction Price Index: Residential: Apartment: High Rise: Halifax data is updated quarterly, averaging 60.400 2023=100 from Mar 1988 (Median) to Mar 2025, with 149 observations. The data reached an all-time high of 105.800 2023=100 in Mar 2025 and a record low of 41.500 2023=100 in Mar 1988. Canada Construction Price Index: Residential: Apartment: High Rise: Halifax data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.EA011: Construction Price Index: 2023=100.

Inflation Rate in Canada remained unchanged at 1.70 percent in May. This dataset provides - Canada Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Canada Construction Price Index: Residential: Apartment: Low Rise: Edmonton data was reported at 106.500 2023=100 in Mar 2025. This records an increase from the previous number of 105.400 2023=100 for Dec 2024. Canada Construction Price Index: Residential: Apartment: Low Rise: Edmonton data is updated quarterly, averaging 72.900 2023=100 from Mar 2017 (Median) to Mar 2025, with 33 observations. The data reached an all-time high of 106.500 2023=100 in Mar 2025 and a record low of 58.900 2023=100 in Mar 2017. Canada Construction Price Index: Residential: Apartment: Low Rise: Edmonton data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.EA011: Construction Price Index: 2023=100.

Canada Construction Price Index: Residential: Apartment: Low Rise: Saskatoon data was reported at 107.300 2023=100 in Mar 2025. This records an increase from the previous number of 106.500 2023=100 for Dec 2024. Canada Construction Price Index: Residential: Apartment: Low Rise: Saskatoon data is updated quarterly, averaging 80.900 2023=100 from Mar 2017 (Median) to Mar 2025, with 33 observations. The data reached an all-time high of 107.300 2023=100 in Mar 2025 and a record low of 67.800 2023=100 in Mar 2017. Canada Construction Price Index: Residential: Apartment: Low Rise: Saskatoon data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.EA011: Construction Price Index: 2023=100.

Canada Construction Price Index: Residential: Apartment: High Rise: Winnipeg data was reported at 105.500 2023=100 in Mar 2025. This records an increase from the previous number of 104.900 2023=100 for Dec 2024. Canada Construction Price Index: Residential: Apartment: High Rise: Winnipeg data is updated quarterly, averaging 83.800 2023=100 from Mar 2017 (Median) to Mar 2025, with 33 observations. The data reached an all-time high of 105.500 2023=100 in Mar 2025 and a record low of 77.700 2023=100 in Mar 2017. Canada Construction Price Index: Residential: Apartment: High Rise: Winnipeg data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.EA011: Construction Price Index: 2023=100.

Canada Construction Price Index: Residential: Apartment: High Rise: London data was reported at 109.600 2023=100 in Mar 2025. This records an increase from the previous number of 107.400 2023=100 for Dec 2024. Canada Construction Price Index: Residential: Apartment: High Rise: London data is updated quarterly, averaging 103.200 2023=100 from Mar 2023 (Median) to Mar 2025, with 9 observations. The data reached an all-time high of 109.600 2023=100 in Mar 2025 and a record low of 97.400 2023=100 in Mar 2023. Canada Construction Price Index: Residential: Apartment: High Rise: London data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.EA011: Construction Price Index: 2023=100.

The Real Estate Investment Trusts industry in Canada has declined in recent years, as solid operational efficiency and a low interest rate environment, which had laid the foundation for growth, have been undermined by the COVID-19 pandemic and interest rate hikes. Prior to 2020, the industry benefited from a low level of revenue volatility backed by a steady stream of income from rentals amid stable economic growth. Long-term rent contracts in commercial segments and the rise of rental rates in the residential product segment enabled the industry to maintain stable growth rates. Overall, industry revenue is expected to have declined at a CAGR of 5.6% to reach an estimated $8.2 billion in 2023, when revenue is expected to decline 8.1%. Continued decline in 2023 can be attributed to rising interest rates, which have inhabited operators from making investments and have dampened demand for property sold by REITs.Industry revenue generally grows in line with the economy and benefits from steady streams of income generated from rent. The overall health of the economy had been sound prior to 2020, which benefited the industry through higher levels of investment to satisfy increasing demand for properties by businesses. A booming housing market in major metropolitan hubs, many of which have experienced elevated rental prices, has underpinned revenue growth in the residential segment. More recent interest rate hikes have raised the cost of capital for industry operators, driving down industry profit.Moving forward, the industry is expected to return to growth, with industry revenue forecast to grow at a CAGR of 2.3% to reach an expected $9.2 billion in 2028. Declining interest rates and an aging population are set to drive growth. Falling interest rates will likely make other investments less attractive, making REITs more valuable. An aging population is expected to keep demand afloat as they are typically attracted to the steady and generally market-beating returns REITs offer.

Expected rate of increase in wages and reasons for expecting a faster rate of increase in wages over the next 12 months, by North American Industry Classification System (NAICS), business employment size, type of business, business activity and majority ownership, fourth quarter of 2023.

Canada Construction Price Index: Residential: Apartment: High Rise: Ottawa-Gatineau, Ontario Part data was reported at 105.100 2023=100 in Mar 2025. This records an increase from the previous number of 104.500 2023=100 for Dec 2024. Canada Construction Price Index: Residential: Apartment: High Rise: Ottawa-Gatineau, Ontario Part data is updated quarterly, averaging 53.000 2023=100 from Mar 1988 (Median) to Mar 2025, with 149 observations. The data reached an all-time high of 105.100 2023=100 in Mar 2025 and a record low of 29.500 2023=100 in Mar 1988. Canada Construction Price Index: Residential: Apartment: High Rise: Ottawa-Gatineau, Ontario Part data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.EA011: Construction Price Index: 2023=100.

Monthly indexes and percentage changes for major components and special aggregates of the Consumer Price Index (CPI), not seasonally adjusted, for Canada, provinces, Whitehorse, Yellowknife and Iqaluit. Data are presented for the corresponding month of the previous year, the previous month and the current month. The base year for the index is 2002=100.

The Canadian housing market, particularly in major urban centers, has experienced a prolonged period of rapid price appreciation, driven by factors such as low interest rates, strong population growth, and limited supply. According to the Canada Mortgage and Housing Corporation (CMHC), the national average house price rose by more than 50% between 2020 and 2022, with prices in some major cities, such as Toronto and Vancouver, increasing by even more. This rapid price growth has made it increasingly difficult for many Canadians to afford a home, especially in the country's most desirable markets. However, the Canadian housing market is starting to show signs of cooling in 2023, as rising interest rates and stricter mortgage lending rules from the government begin to take effect. The CMHC predicts that the national average house price will decline by 7.6% in 2023, with prices in some markets, such as Toronto and Vancouver, expected to fall by even more. This cooling is expected to continue in 2024, with the CMHC predicting a further decline in the national average house price of 3.2%. The long-term outlook for the Canadian housing market is more uncertain, but the CMHC expects that prices will continue to rise, albeit at a more moderate pace. The Canadian housing market is one of the most expensive in the world, with prices in major cities like Toronto and Vancouver soaring to record highs in recent years. This has led to a growing concern about affordability, as many Canadians are being priced out of the market. Key drivers for this market are: Increasing Adoption of Remote and Hybrid Work Model. Potential restraints include: Lack of Privacy. Notable trends are: Pandemic Accelerated Luxury Home Sales in Major Canadian Markets.

Deposit Interest Rate in Canada remained unchanged at 4.91 percent on Wednesday April 10. This dataset includes a chart with historical data for Deposit Interest Rate in Canada.

Annual indexes for major components and special aggregates of the Consumer Price Index (CPI), for Canada, provinces, Whitehorse, Yellowknife and Iqaluit. Data are presented for the last five years. The base year for the index is 2002=100.

Graph and download economic data for Real Residential Property Prices for Canada (QCAR628BIS) from Q1 1970 to Q1 2025 about Canada, residential, HPI, housing, real, price index, indexes, and price.