Mortgage intelligence

Mortgage Rate History in Canada

How have Canadian mortgage rates moved? Posted rates go back decades; average rates on new mortgages, which reflect what borrowers actually paid, start in 2013.

These are official Bank of Canada figures, not offers from any lender.

Built on official Canadian sourcesUpdated 2026-11-12

Posted conventional mortgage rates (month-end, %, since 2000). Source: Bank of Canada.

Average rates on new insured mortgages, chartered banks (month-end, %, since 2013). Source: Bank of Canada.

Posted vs. actual rates

The 5-year posted rate is 6.19% (Nov 4, 2026), while the average rate on new insured 5-year+ fixed mortgages is 4.12% (Aug 2026). The gap, 2.07 percentage points, reflects discounts lenders give off their posted rates.

About the data

Posted rates are the typical rates chartered banks advertise, collected weekly. Average rates on funds advanced are monthly averages of new mortgage lending by chartered banks.

Sources

Bank of Canada

Informational only, not financial advice. Data as of the release snapshot generated 2026-11-12.