Northwest Territories housing market
Key indicators
Dwelling units permitted (last 12 months)
58units
−34.1% vs prior 12 months
Sep 2026 · Statistics Canada
Population
45,904persons
−0.3% vs one year earlier
Jul 1, 2026 · Statistics Canada
Analysis
Northwest Territories housing market analysis
Population and housing need
Northwest Territories's population was estimated at 45,904 (Jul 1, 2026), shrinking 0.3% over the year.
Borrowing costs
Borrowers who took out a new uninsured mortgage in Aug 2026 paid an average of 4.58% on fixed terms of five years or more and 3.90% on variable rates, according to the Bank of Canada. The five-year-plus fixed average is up 0.3 percentage points from a year earlier.
Variable rates sit 0.68 points below long fixed terms, so borrowers are paying a premium for payment certainty.
The Bank of Canada's policy rate is 2.50% and the banks' prime rate is 4.70%. Variable-rate mortgages are priced off prime, so they move when the policy rate changes; fixed rates follow Government of Canada bond yields, with the 5-year yield at 3.46%.
Written from the latest official figures and refreshed whenever new data are released. It describes current conditions; it is not a forecast.
Trends
2021-10 to 2026-09. Latest: 2 (Sep 2026).