Canada: Mortgage credit interest rate

* indicates monthly or quarterly data series

Mortgage credit interest rate, percent

 Latest value 4.73
 Reference December 2023
 Measure percent
 Data availability July 2016 - December 2023
 Average 3.07
 Min - Max 2.32 - 4.73
 Source Bank of Canada
For that indicator, we provide data for Canada from July 2016 to December 2023. The average value for Canada during that period was 3.07 percent with a minimum of 2.32 percent in February 2022 and a maximum of 4.73 percent in December 2023. Click on the following link to see the values of Mortgage credit interest rate, percent around the world.
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* indicates monthly or quarterly data series

Recent values chart
Canada - Mortgage credit interest rate - recent values

Historical chart
Canada - Mortgage credit interest rate - historical chart - 2016-2023
Measure: percent
Source: Bank of Canada

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Definition: The mortgage credit interest rate is the average interest rate on mortgage loan products offered to individuals and households by the commercial banks in the country. The mortgage credit is a loan used to finance the purchase of real estate.

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