Canada: Mortgage credit interest rate

* indicates monthly or quarterly data series
The most recent value is 4.73 percent as of September 2024, a decline compared to the previous value of 4.78 percent. Historically, the average for Canada from July 2016 to September 2024 is 3.23 percent. The minimum of 2.32 percent was recorded in February 2022, while the maximum of 4.84 percent was reached in May 2024. Click on the following link to see the values of: Mortgage credit interest rate around the world.
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Recent values Canada: Mortgage credit interest rate, percent
2024  Sep 4.73
2024  Aug 4.78
2024  Jul 4.77
2024  Jun 4.81
2024  May 4.84
2024  Apr 4.82
2024  Mar 4.79
2024  Feb 4.77


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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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 Money supply (broad money) 2,587.56 9/2024 billion
 Consumer Price Index (CPI) 161.8000 10/2024 index points
 Inflation, monthly 0.43 10/2024 percent
 Inflation, annual 2.02 10/2024 percent
 Private sector credit 6,412.10 9/2024 billion
 Business credit 3,407.86 9/2024 billion
 Household credit 3,004.24 9/2024 billion
 Mortgage credit 2,219.03 9/2024 billion
 Consumer credit 785.20 9/2024 billion
 Business credit interest rate 6.12 9/2024 percent
 Mortgage credit interest rate 4.73 9/2024 percent
 Policy rate 4.25 9/2024 percent
 Household debt to GDP 101.40 3/2024 percent
 Debt service ratios for private non-financial sector 24.70 Q1/2024 percent
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