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RateSupermarket.ca has compiled the following data for educational and informational purposes as outlined in our privacy policy. All names, street and e-mail addresses, telephone numbers, dates of birth, and other forms of identification have been removed before the following data was compiled. These statistics are anonymous and contain no personal information.
Download August's Consumer report as a PDF.
July 2010 >>
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2009
2008
Average mortgage value |
$254,209 |
Average amortization period |
25 years |
Most common rate type |
Closed Fixed |
Most common rate term |
5 years |
Best 5 year variable closed |
1.55% |
Best 5 year fixed closed |
3.49% |
Month |
Average Mortgage Value |
December-08 |
$292,489 |
January-09 |
$288,911 |
February-09 |
$290,152 |
March-09 |
$281,549 |
April-09 |
$292,952 |
May-09 |
$294,487 |
June-09 |
$295,029 |
July-09 |
$295,086 |
August-09 |
$287,617 |
September-09 |
$271,745 |
October-09 |
$270,378 |
November-09 |
$259,513 |
December-09 |
$267,601 |
January-10 |
$260,652 |
February-10 |
$253,304 |
March-10 |
$250,309 |
April-10 |
$247,572 |
May-10 |
$252,639 |
June-10 |
$247,677 |
July-10 |
$250,497 |
August-10 |
$254,209 |
Month |
Rate |
December-08 |
4.99% |
January-09 |
4.00% |
February-09 |
3.92% |
March-09 |
3.80% |
April-09 |
3.59% |
May-09 |
3.54% |
June-09 |
3.50% |
July-09 |
4.12% |
August-09 |
3.89% |
September-09 |
3.71% |
October-09 |
3.60% |
November-09 |
3.84% |
December-09 |
3.58% |
January-10 |
3.56% |
February-10 |
3.49% |
March-10 |
3.59% |
April-10 |
3.59% |
May-10 |
3.78% |
June-10 |
3.60% |
July-10 |
3.84% |
August-10 |
3.49% |
Month |
Rate |
December-08 |
3.50% |
January-09 |
3.00% |
February-09 |
3.45% |
March-09 |
2.50% |
April-09 |
2.25% |
May-09 |
2.65% |
June-09 |
2.55% |
July-09 |
2.50% |
August-09 |
2.40% |
September-09 |
2.15% |
October-09 |
2.00% |
November-09 |
2.00% |
December-09 |
1.99% |
January-10 |
1.95% |
February-10 |
1.80% |
March-10 |
1.70% |
April-10 |
1.65% |
May-10 |
1.60% |
June-10 |
1.60% |
July-10 |
1.60% |
August-10 |
1.55% |
Province |
% Of Searches |
Alberta |
13.3% |
British Columbia |
15.4% |
Manitoba |
3.9% |
New Brunswick |
1.4% |
Newfoundland and Labrador |
1.1% |
Northwest Territories |
0.1% |
Nova scotia |
2.5% |
Nunavut |
0.0% |
Ontario |
53.1% |
Prince Edward Island |
0.4% |
Quebec |
6.3% |
Saskatchewan |
2.4% |
Yukon |
0.1% |
Rate Type |
% Of Searches |
Not sure |
16.3% |
Closed fixed |
45.5% |
Closed variable |
21.4% |
Open fixed |
5.7% |
Open variable |
11.1% |
Total |
100% |
Rate Type |
Rate Term |
% of |
Fixed Closed |
(blank) |
12.0% |
Fixed Closed |
6 Months |
0.3% |
Fixed Closed |
1 Year |
5.5% |
Fixed Closed |
2 Years |
3.9% |
Fixed Closed |
3 Years |
8.8% |
Fixed Closed |
4 Years |
2.6% |
Fixed Closed |
5 Years |
54.6% |
Fixed Closed |
6 Years |
0.7% |
Fixed Closed |
7 Years |
1.5% |
Fixed Closed |
8 Years |
0.3% |
Fixed Closed |
9 Years |
0.3% |
Fixed Closed |
10 Years |
4.4% |
Fixed Closed |
15 Years |
1.0% |
Fixed Closed |
18 Years |
0.4% |
Fixed Closed |
25 Years |
3.6% |
Total |
|
99.9% |
Variable Closed |
(blank) |
24.5% |
Variable Closed |
1 Year |
4.0% |
Variable Closed |
2 Years |
0.1% |
Variable Closed |
3 Years |
19.4% |
Variable Closed |
4 Years |
0.1% |
Variable Closed |
5 Years |
51.9% |
Total |
|
100% |
Fixed Open |
(blank) |
39.8% |
Fixed Open |
6 Months |
2.3% |
Fixed Open |
1 Year |
8.4% |
Fixed Open |
2 Years |
6.1% |
Fixed Open |
3 Years |
37.4% |
Fixed Open |
4 Years |
0.1% |
Fixed Open |
5 Years |
5.5% |
Fixed Open |
10 Years |
0.2% |
Fixed Open |
15 Years |
0.1% |
Fixed Open |
25 Years |
0.1% |
Total |
|
100% |
Variable Open |
(blank) |
37.5% |
Variable Open |
1 Year |
0.5% |
Variable Open |
2 Year |
0.1% |
Variable Open |
3 Years |
16.6% |
Variable Open |
5 Year |
45.1% |
Total |
|
99.9% |
Province |
Average mortgage value |
Most popular amortization period |
Most popular rate type |
Most popular rate term |
Best Rate |
Monthly mortgage payment |
Alberta |
$265,769 |
25 Years |
Closed Fixed |
5 years |
3.49% |
$1,325.50 |
British Columbia |
$301,862 |
25 Years |
Closed Fixed |
5 years |
3.49% |
$1,505.51 |
Manitoba |
$198,022 |
25 Years |
Closed Fixed |
5 years |
3.49% |
$987.62 |
New Brunswick |
$164,988 |
25 Years |
Closed Fixed |
5 years |
3.59% |
$831.59 |
Newfoundland and Labrador |
$184,363 |
25 Years |
Closed Fixed |
5 years |
3.59% |
$929.25 |
Northwest Territories |
$317,611 |
25 Years |
Closed Fixed |
5 years |
3.59% |
$1,600.86 |
Nova scotia |
$209,592 |
25 Years |
Closed Fixed |
5 years |
3.59% |
$1,056.41 |
Nunavut |
$200,000 |
25 Years |
Closed Variable |
5 years |
N/A |
$0.00 |
Ontario |
$251,676 |
25 Years |
Closed Fixed |
5 years |
3.49% |
$1,255.22 |
Prince Edward Island |
$163,548 |
25 Years |
Closed Fixed |
5 years |
3.59% |
$824.33 |
Quebec |
$228,570 |
25 Years |
Closed Fixed |
5 years |
3.49% |
$1,139.98 |
Saskatchewan |
$243,706 |
25 Years |
Closed Fixed |
5 years |
3.59% |
$1,228.36 |
Yukon |
$200,226 |
25 Years |
Closed Fixed |
5 years |
3.59% |
$1,009.20 |
CANADA |
$254,209 |
25 Years |
Closed Fixed |
5 years |
3.49% |
$1,267.85 |
City |
Average mortgage value |
Most popular amortization period |
Most popular rate type |
Most popular rate term |
Best Rate |
Monthly mortgage payment |
Calgary |
$270,118 |
25 Years |
Closed Fixed |
5 years |
3.49% |
$1,347.19 |
Edmonton |
$248,787 |
25 Years |
Closed Fixed |
5 years |
3.49% |
$1,240.81 |
Halifax |
$258,028 |
25 Years |
Closed Fixed |
5 years |
3.49% |
$1,286.90 |
London |
$221,140 |
25 Years |
Closed Fixed |
5 years |
3.49% |
$1,102.92 |
Montreal |
$248,656 |
25 Years |
Closed Fixed |
5 years |
3.49% |
$1,240.15 |
Ottawa |
$255,155 |
25 Years |
Closed Fixed |
5 years |
3.49% |
$1,272.57 |
Quebec City |
$195,073 |
25 Years |
Closed Fixed |
5 years |
3.49% |
$972.91 |
Vancouver |
$363,483 |
25 Years |
Closed Fixed |
5 years |
3.49% |
$1,812.84 |
Victoria |
$321,785 |
25 Years |
Closed Fixed |
5 years |
3.49% |
$1,604.88 |
Winnipeg |
$203,971 |
25 Years |
Closed Fixed |
5 years |
3.49% |
$1,017.29 |
TOTAL GTA |
$274,264 |
25 Years |
Closed Fixed |
5 years |
3.49% |
$1,367.87 |
Toronto |
$275,773 |
25 Years |
Closed Fixed |
5 years |
3.49% |
$1,375.40 |
Ajax |
$265,018 |
25 Years |
Closed Fixed |
5 years |
3.49% |
$1,321.76 |
Aurora |
$288,317 |
25 Years |
Closed Fixed |
5 years |
3.49% |
$1,437.96 |
Brampton |
$275,045 |
25 Years |
Closed Fixed |
5 years |
3.49% |
$1,371.77 |
Burlington |
$231,148 |
25 Years |
Closed Fixed |
5 years |
3.49% |
$1,152.83 |
Etobicoke |
$261,647 |
25 Years |
Closed Variable |
5 years |
1.55% |
$1,051.96 |
Markham |
$295,686 |
25 Years |
Closed Fixed |
5 years |
3.49% |
$1,474.71 |
Milton |
$276,698 |
25 Years |
Closed Fixed |
5 years |
3.49% |
$1,380.01 |
Mississauga |
$281,916 |
25 Years |
Closed Fixed |
5 years |
3.49% |
$1,406.04 |
Newmarket |
$195,222 |
25 Years |
Closed Fixed |
5 years |
3.49% |
$973.66 |
North York |
$288,384 |
25 Years |
Closed Variable |
5 years |
1.55% |
$1,159.46 |
Oakville |
$306,519 |
25 Years |
Closed Fixed |
5 years |
3.49% |
$1,528.74 |
Oshawa |
$219,370 |
25 Years |
Closed Fixed |
5 years |
3.49% |
$1,094.09 |
Pickering |
$252,440 |
25 Years |
Closed Fixed |
5 years |
3.49% |
$1,259.03 |
Richmond Hill |
$300,971 |
25 Years |
Closed Fixed |
5 years |
3.49% |
$1,501.07 |
Scarborough |
$285,077 |
25 Years |
Closed Fixed |
5 years |
3.49% |
$1,421.80 |
Stouffville |
$242,225 |
25 Years |
Closed Fixed |
5 years |
3.49% |
$1,208.08 |
Vaughan |
$331,714 |
25 Years |
Closed Fixed |
5 years |
3.49% |
$1,654.40 |
Whitby |
$208,806 |
25 Years |
Closed Fixed |
5 years |
3.49% |
$1,041.40 |
Please note:
RateSupermarket.ca has compiled the following data for educational and informational purposes as outlined in our privacy policy. All names, street and e-mail addresses, telephone numbers, dates of birth, and other forms of identification have been removed before the following data was compiled. These statistics are anonymous and contain no personal information.
The statistics gathered are from www.RateSupermarket.ca and do not include inquiries via fax, e-mail or walk-ins. The statistics gathered represent the growing Internet usage and mortgage trends found within Canada. All information, charts and graphs represented are deemed accurate and reliable but no warranty or guarantee is implied. Data may be noticeably affected from time to time by changes in RateSupermarket.ca marketing efforts. Data may also be affected by Internet connectivity, outages and service (or lack of) to areas within Canada. The range of data collected is from 50,000 to 100,000 mortgage searches from across Canada.
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