Canada: Mortgage credit interest rate

* indicates monthly or quarterly data series

Mortgage credit interest rate, percent

 Latest value 4.79
 Reference March 2024
 Measure percent
 Data availability July 2016 - March 2024
 Average 3.12
 Min - Max 2.32 - 4.79
 Source Bank of Canada
For that indicator, we provide data for Canada from July 2016 to March 2024. The average value for Canada during that period was 3.12 percent with a minimum of 2.32 percent in February 2022 and a maximum of 4.79 percent in March 2024. 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 - 2016-2024
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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