7 million Canadians have compared and saved

1-866-462-4779

Mortgage Pulse

Mortgage Statistics brought to you by RateSupermarket.ca


Summary of Mortgage Statistics for Canada

Average Mortgage Value $252,000
Most Common Amortization Period 25 Years
Most Common Mortgage Type 5 Year Fixed Closed
Best 5 Year Variable Closed Mortgage Rate 2.00%
Best 5 Year Fixed Closed Mortgage Rate 2.44%
Mortgage Rates we Compare 1710

Mortgage Rate Term and Type Most Often Searched

Mortgage Type Search Percentage
5 Year Fixed Closed 0.70%
1 Year Fixed Closed 0.51%
3 Year Fixed Closed 0.41%
5 Year Variable Closed 0.36%
4 Year Fixed Closed 0.14%
2 Year Fixed Closed 0.13%
10 Year Fixed Closed 0.13%
1 Year Variable Closed 0.12%
3 Year Variable Closed 0.12%
25 Year Fixed Closed 0.12%
15 Year Fixed Closed 0.12%
5 Year Variable Open 0.11%
9 Year Fixed Closed 0.11%
1 Year Fixed Open 0.10%
8 Year Fixed Closed 0.10%
6 Year Fixed Closed 0.10%
7 Year Fixed Closed 0.10%
3 Year Variable Open 0.09%

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 $252,000
25 Year 5 Year Fixed Closed 2.00%
2.44%
M/M% -11.58%
0.00%
0.00%
Y/Y% 1.61% 0.00% 0.00%
Alberta $271,000
25 Year 5 Year Fixed Closed 2.00%
2.44%
M/M% 8.40%
0.00%
0.00%
Y/Y% 8.40% 0.00% 0.00%
British Columbia $274,000
25 Year 5 Year Fixed Closed 2.00%
2.44%
M/M% 1.11%
0.00%
0.00%
Y/Y% 10.93% 0.00% 0.00%
Manitoba $204,000
25 Year 5 Year Fixed Closed 2.00%
2.44%
M/M% -4.23%
0.00%
0.00%
Y/Y% -18.07% 0.00% 0.00%
New Brunswick $219,000
25 Year 5 Year Fixed Closed 2.10%
2.49%
M/M% 0.00%
-6.67%
-3.86%
Y/Y% -10.98% -6.67% -3.86%
Newfoundland and Labrador $211,000
25 Year 5 Year Fixed Closed 2.25%
2.59%
M/M% 1.44%
0.00%
0.00%
Y/Y% -4.95% 0.00% 0.00%
Northwest Territories $211,000
25 Year 5 Year Fixed Closed 2.25%
2.44%
M/M% 0.00%
0.00%
0.00%
Y/Y% -15.60% 0.00% 0.00%
Nova Scotia $212,000
25 Year 5 Year Fixed Closed 2.25%
2.59%
M/M% 0.00%
0.00%
0.00%
Y/Y% -15.20% 0.00% 0.00%
Nunavut $210,000
25 Year 25 Year Fixed Closed 2.25%
2.44%
M/M% 0.00%
0.00%
0.00%
Y/Y% -16.00% 0.00% 0.00%
Ontario $277,000
25 Year 1 Year Fixed Closed 2.05%
2.44%
M/M% -8.28%
-8.89%
0.00%
Y/Y% 13.06% -8.89% 0.00%
Prince Edward Island $213,000
25 Year 1 Year Fixed Closed 2.25%
2.59%
M/M% 0.95%
0.00%
0.00%
Y/Y% -13.06% 0.00% 0.00%
Quebec $242,000
25 Year 5 Year Fixed Closed 2.10%
2.49%
M/M% -48.18%
0.00%
-9.12%
Y/Y% -5.47% 0.00% -9.12%
Saskatchewan $234,000
25 Year 5 Year Fixed Closed 2.00%
2.44%
M/M% -4.88%
0.00%
0.00%
Y/Y% -8.59% 0.00% 0.00%
Yukon $216,000
25 Year 1 Year Fixed Closed 2.25%
2.44%
M/M% 0.47%
0.00%
0.00%
Y/Y% -13.60% 0.00% 0.00%