April 2013
Other Months:
Summary of Mortgage Statistics for Canada | |
| Average Mortgage Value | $257,000 |
| Most Common Amortization Period | 25 Years |
| Most Common Mortgage Type | 5 Year Fixed Closed |
| Best 5 Year Variable Closed Mortgage Rate | 2.50% |
| Best 5 Year Fixed Closed Mortgage Rate | 2.62% (BC only) |
| Mortgage Rates we Compare (May, 2013) | 1241 |
Mortgage Rate Term and Type Most Often Searched | |
| Mortgage Type | Search Percentage |
| 5 Year Fixed Closed | 47.6% |
| 5 Year Variable Closed | 6.0% |
| 10 Year Fixed Closed | 4.5% |
| 2 Year Fixed Closed | 3.8% |
| 1 Year Fixed Open | 3.8% |
| Other | 34.3% |
Province Specific Mortgage Statistics
| Province | Average Mortgage Value | Most Common Amortization Period | Most Common Mortgage Type | Best 5 Year Variable Closed | Best 5 Year Fixed Closed |
| Canada M/M% Y/Y% |
$257,000 -2.7% -9.2% |
25 Years | 5 Year Fixed Closed | 2.50% +2.0% -7.4% |
2.62% -4.4% -15.2% |
| Alberta M/M% Y/Y% |
$284,000 -1.7% -2.7% |
25 Years | 5 Year Fixed Closed | 2.50% -2.0% -9.1% |
2.68% -3.9% -16.0% |
| British Columbia M/M% Y/Y% |
$293,000 -1.7% -18.4% |
25 Years | 5 Year Fixed Closed | 2.50% +2.0% -13.8% |
2.62% -6.1% -16.6% |
| Manitoba M/M% Y/Y% |
$228,000 +2.7% -10.6% |
25 Years | 5 Year Fixed Closed | 2.60% -3.7% -5.5% |
2.79% 0.0% -12.5% |
| New Brunswick M/M% Y/Y% |
$200,000 +11.1% +22.0% |
25 Years | 5 Year Fixed Closed | 2.70% 0.0% -10.0% |
2.74% -1.8% -14.1% |
| Newfoundland and Labrador M/M% Y/Y% |
$199,000 +13.1% -8.7% |
25 Years | 5 Year Fixed Closed | 2.60% -1.9% -13.3% |
2.73% -1.8% -14.4% |
| Northwest Territories M/M% Y/Y% |
$215,000 -11.9% -37.3% |
25 Years | 5 Year Fixed Closed | 2.70% 0.0% -1.8% |
2.68% -2.2% -16.0% |
| Nova Scotia M/M% Y/Y% |
$242,000 +2.1% +22.8% |
25 Years | 5 Year Fixed Closed | 2.60% -1.9% -13.3% |
2.73% -1.8% -14.4% |
| Nunavut M/M% Y/Y% |
$0 no data no data |
25 Years | 25 Year Fixed Closed | 2.70% 0.0% -1.8% |
2.68% -2.2% -16.0% |
| Ontario M/M% Y/Y% |
$257,000 -2.7% -8.5% |
25 Years | 5 Year Fixed Closed | 2.50% 0.0% -7.4% |
2.65% -3.3% -16.9% |
| Prince Edward Island M/M% Y/Y% |
$191,000 -12.0% -12.0% |
25 Years | 5 Year Fixed Closed | 2.70% 0.0% -10.0% |
2.74% -1.8% -14.1% |
| Quebec M/M% Y/Y% |
$224,000 -12.8% -10.0% |
25 Years | 5 Year Fixed Closed | 2.60% -13.3% -10.3% |
2.83% -0.4% -8.4% |
| Saskatchewan M/M% Y/Y% |
$225,000 +0.9% +0.9% |
25 Years | 5 Year Fixed Closed | 2.60% -3.7% -5.5% |
2.75% -1.4% -13.8% |
| Yukon M/M% Y/Y% |
$248,000 +2.9% -17.9% |
25 Years | 25 Year Fixed Closed | 2.70% 0.0% -1.8% |
2.68% -2.2% -16.0% |
Historical Best 5 Year Mortgage Rates
| Month | Fixed Closed | Variable Closed |
| Apr, 2013 | 2.62% | 2.50% |
|---|---|---|
| Mar, 2013 | 2.74% | 2.45% |
| Feb, 2013 | 2.79% | 2.50% |
| Jan, 2013 | 2.84% | 2.55% |
| Dec, 2012 | 2.83% | 2.55% |
| Nov, 2012 | 2.76% | 2.54% |
| Oct, 2012 | 2.84% | 2.55% |
| Sep, 2012 | 2.89% | 2.40% |
| Aug, 2012 | 2.88% | 2.60% |
| Jul, 2012 | 2.88% | 2.60% |
| Jun, 2012 | 2.99% | 2.65% |
| May, 2012 | 3.08% | 2.75% |
| Apr, 2012 | 3.09% | 2.70% |
Search for More Historical Best 5 Year Mortgage Rates
Historical Average Mortgage Value
| Month | Mortgage Value |
| Apr, 2013 | $257,000 |
|---|---|
| Mar, 2013 | $264,000 |
| Feb, 2013 | $287,000 |
| Jan, 2013 | $308,000 |
| Dec, 2012 | $301,000 |
| Nov, 2012 | $323,000 |
| Oct, 2012 | $311,000 |
| Sep, 2012 | $301,000 |
| Aug, 2012 | $303,000 |
| Jul, 2012 | $288,000 |
| Jun, 2012 | $291,000 |
| May, 2012 | $281,000 |
| Apr, 2012 | $283,000 |
Search for More Historical Average Mortgage Value
Best 5 Year Fixed Rate vs 5 Year Bond Yields*
*5 Year Bond Yield Source: Bank of Canada
Best 5 Year Variable Rate vs Bank Prime Rate*
*Bank Prime Rate Source: Bank of Canada
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