Average mortgage interest rate in Canada 2019-2023, by type of mortgage
- ai-chatbox.pro
- statista.com
Updated Sep 16, 2024
Share
Facebook
Twitter
EmailClick to copy linkLink copiedCiteStatista Research Department (2024). Average mortgage interest rate in Canada 2019-2023, by type of mortgage [Dataset]. https://www.ai-chatbox.pro/?_=%2Ftopics%2F7521%2Fmortgage-industry-worldwide-developed-markets%2F%23XgboD02vawLKoDs%2BT%2BQLIV8B6B4Q9itADataset updatedSep 16, 2024AuthorsStatista Research DepartmentArea coveredCanadaDescriptionIn 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.
Not seeing a result you expected?
Learn how you can add new datasets to our index.
FacebookTwitterEmailIn 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.