{"title":"Canadian mortgage and interest rates","description":"Bank of Canada policy rate, prime rate, posted mortgage rates, 5-year bond yield, average rates on new mortgages and chartered-bank mortgage lending (latest values).","page":"https://canadahousingmarketdata.ca/mortgage-rates","publisher":"Canada Housing Market Data","sources":["Bank of Canada"],"license":"https://www.bankofcanada.ca/terms/","attribution":"Source: Bank of Canada. Compiled by Canada Housing Market Data.","citation":"Canada Housing Market Data, \"Canadian mortgage and interest rates\", based on Bank of Canada data, updated 2026-11-14. https://canadahousingmarketdata.ca/mortgage-rates","dateModified":"2026-11-14T02:27:03.536064+00:00","columns":["series_id","series","detail","value","unit","reference_date","reference_period","frequency","previous_value","previous_reference_date","source"],"rows":[{"series_id":"V39079","series":"Target for the overnight rate (business daily)","detail":"Also called the policy interest rate, the average rate that the Bank of Canada wants to see in the market for overnight money market financing. (V39079)","value":2.5,"unit":"%","reference_date":"2026-11-12","reference_period":"Nov 12, 2026","frequency":"event","previous_value":2.5,"previous_reference_date":"2026-11-11","source":"Bank of Canada"},{"series_id":"V80691311","series":"Prime rate","detail":"Also called the prime lending rate, the interest rate that a financial institution uses as a base to determine interest rates for loan products. Each financial institution sets its own prime rate, as a function of its cost of funding, which, in turn, is influenced by the target for the overnight rate set by the Bank of Canada.","value":4.7,"unit":"%","reference_date":"2026-11-11","reference_period":"Nov 11, 2026","frequency":"weekly","previous_value":4.7,"previous_reference_date":"2026-11-04","source":"Bank of Canada"},{"series_id":"V80691333","series":"Conventional mortgage, 1-year","detail":"The interest rate for a 1-year conventional mortgage offered by chartered banks in Canada.","value":5.49,"unit":"%","reference_date":"2026-11-11","reference_period":"Nov 11, 2026","frequency":"weekly","previous_value":5.49,"previous_reference_date":"2026-11-04","source":"Bank of Canada"},{"series_id":"V80691334","series":"Conventional mortgage, 3-year","detail":"The interest rate for a 3-year conventional mortgage offered by chartered banks in Canada.","value":6.05,"unit":"%","reference_date":"2026-11-11","reference_period":"Nov 11, 2026","frequency":"weekly","previous_value":6.05,"previous_reference_date":"2026-11-04","source":"Bank of Canada"},{"series_id":"V80691335","series":"Conventional mortgage, 5-year","detail":"The interest rate for a 5-year conventional mortgage offered by chartered banks in Canada.","value":6.19,"unit":"%","reference_date":"2026-11-11","reference_period":"Nov 11, 2026","frequency":"weekly","previous_value":6.19,"previous_reference_date":"2026-11-04","source":"Bank of Canada"},{"series_id":"V122667724","series":"Residential mortgages, insured, Total","detail":"Mortgages - Funds advanced","value":9099,"unit":"$ millions","reference_date":"2026-08-01","reference_period":"Aug 2026","frequency":"monthly","previous_value":10592,"previous_reference_date":"2026-07-01","source":"Bank of Canada"},{"series_id":"V122667730","series":"Residential mortgages, uninsured, Total","detail":"Mortgages - Funds advanced","value":39079,"unit":"$ millions","reference_date":"2026-08-01","reference_period":"Aug 2026","frequency":"monthly","previous_value":45926,"previous_reference_date":"2026-07-01","source":"Bank of Canada"},{"series_id":"V122667736","series":"Residential mortgages, insured, Total","detail":"Mortgages - Outstanding balances","value":378658,"unit":"$ millions","reference_date":"2026-08-01","reference_period":"Aug 2026","frequency":"monthly","previous_value":378001,"previous_reference_date":"2026-07-01","source":"Bank of Canada"},{"series_id":"V122667742","series":"Residential mortgages, uninsured, Total","detail":"Mortgages - Outstanding balances","value":1254963,"unit":"$ millions","reference_date":"2026-08-01","reference_period":"Aug 2026","frequency":"monthly","previous_value":1254149,"previous_reference_date":"2026-07-01","source":"Bank of Canada"},{"series_id":"V122667775","series":"Residential mortgages, insured, Total","detail":"Mortgages - Funds advanced","value":4.19,"unit":"%","reference_date":"2026-08-01","reference_period":"Aug 2026","frequency":"monthly","previous_value":4.16,"previous_reference_date":"2026-07-01","source":"Bank of Canada"},{"series_id":"V122667776","series":"Variable rate","detail":"Mortgages - Funds advanced - Residential mortgages, insured, Total","value":3.74,"unit":"%","reference_date":"2026-08-01","reference_period":"Aug 2026","frequency":"monthly","previous_value":3.75,"previous_reference_date":"2026-07-01","source":"Bank of Canada"},{"series_id":"V122667777","series":"Fixed rate, <1 year","detail":"Mortgages - Funds advanced - Residential mortgages, insured, Total","value":7.52,"unit":"%","reference_date":"2026-08-01","reference_period":"Aug 2026","frequency":"monthly","previous_value":7.41,"previous_reference_date":"2026-07-01","source":"Bank of Canada"},{"series_id":"V122667778","series":"Fixed rate, 1 to <3 years","detail":"Mortgages - Funds advanced - Residential mortgages, insured, Total","value":4.94,"unit":"%","reference_date":"2026-08-01","reference_period":"Aug 2026","frequency":"monthly","previous_value":4.88,"previous_reference_date":"2026-07-01","source":"Bank of Canada"},{"series_id":"V122667779","series":"Fixed rate, 3 to <5 years","detail":"Mortgages - Funds advanced - Residential mortgages, insured, Total","value":4.02,"unit":"%","reference_date":"2026-08-01","reference_period":"Aug 2026","frequency":"monthly","previous_value":3.99,"previous_reference_date":"2026-07-01","source":"Bank of Canada"},{"series_id":"V122667780","series":"Fixed rate, 5 years and over","detail":"Mortgages - Funds advanced - Residential mortgages, insured, Total","value":4.12,"unit":"%","reference_date":"2026-08-01","reference_period":"Aug 2026","frequency":"monthly","previous_value":4.05,"previous_reference_date":"2026-07-01","source":"Bank of Canada"},{"series_id":"V122667781","series":"Residential mortgages, uninsured, Total","detail":"Mortgages - Funds advanced","value":4.34,"unit":"%","reference_date":"2026-08-01","reference_period":"Aug 2026","frequency":"monthly","previous_value":4.29,"previous_reference_date":"2026-07-01","source":"Bank of Canada"},{"series_id":"V122667782","series":"Variable rate","detail":"Mortgages - Funds advanced - Residential mortgages, uninsured, Total","value":3.9,"unit":"%","reference_date":"2026-08-01","reference_period":"Aug 2026","frequency":"monthly","previous_value":3.86,"previous_reference_date":"2026-07-01","source":"Bank of Canada"},{"series_id":"V122667783","series":"Fixed rate, <1 year","detail":"Mortgages - Funds advanced - Residential mortgages, uninsured, Total","value":7.38,"unit":"%","reference_date":"2026-08-01","reference_period":"Aug 2026","frequency":"monthly","previous_value":7.43,"previous_reference_date":"2026-07-01","source":"Bank of Canada"},{"series_id":"V122667784","series":"Fixed rate, 1 to <3 years","detail":"Mortgages - Funds advanced - Residential mortgages, uninsured, Total","value":5.31,"unit":"%","reference_date":"2026-08-01","reference_period":"Aug 2026","frequency":"monthly","previous_value":5.31,"previous_reference_date":"2026-07-01","source":"Bank of Canada"},{"series_id":"V122667785","series":"Fixed rate, 3 to <5 years","detail":"Mortgages - Funds advanced - Residential mortgages, uninsured, Total","value":4.13,"unit":"%","reference_date":"2026-08-01","reference_period":"Aug 2026","frequency":"monthly","previous_value":4.08,"previous_reference_date":"2026-07-01","source":"Bank of Canada"},{"series_id":"V122667786","series":"Fixed rate, 5 years and over","detail":"Mortgages - Funds advanced - Residential mortgages, uninsured, Total","value":4.58,"unit":"%","reference_date":"2026-08-01","reference_period":"Aug 2026","frequency":"monthly","previous_value":4.49,"previous_reference_date":"2026-07-01","source":"Bank of Canada"},{"series_id":"V122667787","series":"Residential mortgages, insured, Total","detail":"Mortgages - Outstanding balances","value":3.99,"unit":"%","reference_date":"2026-08-01","reference_period":"Aug 2026","frequency":"monthly","previous_value":3.98,"previous_reference_date":"2026-07-01","source":"Bank of Canada"},{"series_id":"V122667788","series":"Variable rate","detail":"Mortgages - Outstanding balances - Residential mortgages, insured, Total","value":3.62,"unit":"%","reference_date":"2026-08-01","reference_period":"Aug 2026","frequency":"monthly","previous_value":3.62,"previous_reference_date":"2026-07-01","source":"Bank of Canada"},{"series_id":"V122667789","series":"Fixed rate, <1 year","detail":"Mortgages - Outstanding balances - Residential mortgages, insured, Total","value":4.88,"unit":"%","reference_date":"2026-08-01","reference_period":"Aug 2026","frequency":"monthly","previous_value":4.9,"previous_reference_date":"2026-07-01","source":"Bank of Canada"},{"series_id":"V122667790","series":"Fixed rate, 1 to <3 years","detail":"Mortgages - Outstanding balances - Residential mortgages, insured, Total","value":3.94,"unit":"%","reference_date":"2026-08-01","reference_period":"Aug 2026","frequency":"monthly","previous_value":3.94,"previous_reference_date":"2026-07-01","source":"Bank of Canada"},{"series_id":"V122667791","series":"Fixed rate, 3 to <5 years","detail":"Mortgages - Outstanding balances - Residential mortgages, insured, Total","value":4.15,"unit":"%","reference_date":"2026-08-01","reference_period":"Aug 2026","frequency":"monthly","previous_value":4.16,"previous_reference_date":"2026-07-01","source":"Bank of Canada"},{"series_id":"V122667792","series":"Fixed rate, 5 years and over","detail":"Mortgages - Outstanding balances - Residential mortgages, insured, Total","value":4.05,"unit":"%","reference_date":"2026-08-01","reference_period":"Aug 2026","frequency":"monthly","previous_value":4.02,"previous_reference_date":"2026-07-01","source":"Bank of Canada"},{"series_id":"V122667793","series":"Residential mortgages, uninsured, Total","detail":"Mortgages - Outstanding balances","value":4.2,"unit":"%","reference_date":"2026-08-01","reference_period":"Aug 2026","frequency":"monthly","previous_value":4.21,"previous_reference_date":"2026-07-01","source":"Bank of Canada"},{"series_id":"V122667794","series":"Variable rate","detail":"Mortgages - Outstanding balances - Residential mortgages, uninsured, Total","value":3.77,"unit":"%","reference_date":"2026-08-01","reference_period":"Aug 2026","frequency":"monthly","previous_value":3.76,"previous_reference_date":"2026-07-01","source":"Bank of Canada"},{"series_id":"V122667795","series":"Fixed rate, <1 year","detail":"Mortgages - Outstanding balances - Residential mortgages, uninsured, Total","value":6.18,"unit":"%","reference_date":"2026-08-01","reference_period":"Aug 2026","frequency":"monthly","previous_value":6.15,"previous_reference_date":"2026-07-01","source":"Bank of Canada"},{"series_id":"V122667796","series":"Fixed rate, 1 to <3 years","detail":"Mortgages - Outstanding balances - Residential mortgages, uninsured, Total","value":4.83,"unit":"%","reference_date":"2026-08-01","reference_period":"Aug 2026","frequency":"monthly","previous_value":4.85,"previous_reference_date":"2026-07-01","source":"Bank of Canada"},{"series_id":"V122667797","series":"Fixed rate, 3 to <5 years","detail":"Mortgages - Outstanding balances - Residential mortgages, uninsured, Total","value":4.42,"unit":"%","reference_date":"2026-08-01","reference_period":"Aug 2026","frequency":"monthly","previous_value":4.45,"previous_reference_date":"2026-07-01","source":"Bank of Canada"},{"series_id":"V122667798","series":"Fixed rate, 5 years and over","detail":"Mortgages - Outstanding balances - Residential mortgages, uninsured, Total","value":4.31,"unit":"%","reference_date":"2026-08-01","reference_period":"Aug 2026","frequency":"monthly","previous_value":4.27,"previous_reference_date":"2026-07-01","source":"Bank of Canada"},{"series_id":"BD.CDN.5YR.DQ.YLD","series":"Benchmark bond yield, 5-year","detail":"The yield on the Government of Canada 5-year benchmark bond. This series reports the prevailing yield for the 5-year maturity point on the Canadian government bond yield curve.","value":3.53,"unit":"%","reference_date":"2026-11-12","reference_period":"Nov 12, 2026","frequency":"daily","previous_value":3.46,"previous_reference_date":"2026-11-10","source":"Bank of Canada"}]}