MortgagePulse

Mortgage Statistics brought to you by RateSupermarket.ca

RatePulse
Mortgages
November 2014
Other Months:

Summary of Mortgage Statistics for Canada

Average Mortgage Value $248,000
Most Common Amortization Period 25 Years
Most Common Mortgage Type 5 Year Fixed Closed
Best 5 Year Variable Closed Mortgage Rate 2.10%
Best 5 Year Fixed Closed Mortgage Rate 2.69% (ON only)
Mortgage Rates we Compare (Dec, 2014) 663

Mortgage Rate Term and Type Most Often Searched

Mortgage Type Search Percentage
5 Year Fixed Closed 26.5%
5 Year Variable Closed 18.1%
1 Year Fixed Closed 11.0%
3 Year Fixed Closed 9.7%
6 Month Fixed Closed 9.4%
Other 25.3%

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%
$248,000
-0.8%
-3.1%
25 Years 5 Year Fixed Closed 2.10%
-2.3%
-10.6%
2.69%
+1.5%
-17.0%
Alberta
M/M%
Y/Y%
$250,000
0.0%
-6.0%
25 Years 5 Year Fixed Closed 2.10%
-2.3%
-12.1%
2.74%
0.0%
-15.4%
British Columbia
M/M%
Y/Y%
$246,000
-1.2%
-12.1%
25 Years 5 Year Fixed Closed 2.10%
-2.3%
-12.5%
2.72%
+2.6%
-16.0%
Manitoba
M/M%
Y/Y%
$250,000
0.0%
+0.4%
25 Years 3 Year Fixed Closed 2.15%
0.0%
-14.0%
2.74%
0.0%
-16.7%
New Brunswick
M/M%
Y/Y%
$250,000
0.0%
+5.0%
25 Years 5 Year Fixed Closed 2.30%
0.0%
-8.0%
2.89%
0.0%
-14.7%
Newfoundland and Labrador
M/M%
Y/Y%
$250,000
0.0%
0.0%
25 Years 5 Year Variable Closed 2.30%
0.0%
-8.0%
2.89%
0.0%
-13.7%
Northwest Territories
M/M%
Y/Y%
$250,000
0.0%
no data
25 Years 5 Year Fixed Closed 2.75%
0.0%
+10.0%
2.99%
0.0%
-13.3%
Nova Scotia
M/M%
Y/Y%
$250,000
0.0%
+11.1%
25 Years 5 Year Fixed Closed 2.30%
0.0%
-8.0%
2.89%
0.0%
-13.7%
Nunavut
M/M%
Y/Y%
$243,000
-2.8%
no data
25 Years 1 Year Fixed Closed 2.75%
0.0%
+10.0%
2.99%
0.0%
-13.3%
Ontario
M/M%
Y/Y%
$246,000
-1.6%
-6.5%
25 Years 5 Year Variable Closed 2.14%
-0.5%
-8.9%
2.69%
+0.4%
-17.0%
Prince Edward Island
M/M%
Y/Y%
$250,000
0.0%
0.0%
25 Years 5 Year Fixed Closed 2.30%
0.0%
-8.0%
2.89%
0.0%
-14.7%
Quebec
M/M%
Y/Y%
$250,000
0.0%
+14.7%
25 Years 5 Year Fixed Closed 2.25%
0.0%
-13.5%
2.79%
0.0%
-20.1%
Saskatchewan
M/M%
Y/Y%
$250,000
0.0%
0.0%
25 Years 5 Year Fixed Closed 2.15%
0.0%
-14.0%
2.74%
0.0%
-19.2%
Yukon
M/M%
Y/Y%
$250,000
0.0%
0.0%
25 Years 5 Year Fixed Closed 2.75%
0.0%
+10.0%
3.14%
-1.6%
-9.0%

Historical Best 5 Year Mortgage Rates

Month Fixed Closed Variable Closed
Nov, 2014 2.69% 2.10%
Oct, 2014 2.65% 2.15%
Sep, 2014 2.74% 2.20%
Aug, 2014 2.74% 2.20%
Jul, 2014 2.79% 2.25%
Jun, 2014 2.84% 2.25%
May, 2014 2.84% 2.25%
Apr, 2014 2.75% 2.30%
Mar, 2014 2.89% 2.30%
Feb, 2014 2.98% 2.30%
Jan, 2014 3.14% 2.35%
Dec, 2013 3.24% 2.17%
Nov, 2013 3.24% 2.35%

Search for More Historical Best 5 Year Mortgage Rates

Historical Average Mortgage Value

Month Mortgage Value
Nov, 2014 $248,000
Oct, 2014 $250,000
Sep, 2014 $250,000
Aug, 2014 $250,000
Jul, 2014 $248,000
Jun, 2014 $248,000
May, 2014 $249,000
Apr, 2014 $250,000
Mar, 2014 $252,000
Feb, 2014 $246,000
Jan, 2014 $217,000
Dec, 2013 $248,000
Nov, 2013 $256,000

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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