11 million Canadians have compared and saved


Personal finance statistics from RateSupermarket.ca

When it comes to finding out what average Canadians are looking for in a mortgage, savings account or a credit card, our visitors have a lot to say.

We've compiled the following stats by looking at the searches made by our visitors throughout the site. As outlined in our privacy policy, all names, e-mail addresses, telephone numbers, dates of birth, and other forms of identification have been removed before the data was compiled.

Key Economic Figures

Bank of Canada Key Overnight Lending Rate * 1.50%
Bank of Canada Qualifying Rate * 4.46%
Bank Prime Rate * 2.70%
Consumer Price Index * 1.60%
Core Consumer Price Index * 1.90%
National Unemployment Rate ** 7.20%

* Source: Bank of Canada
**Source: Statistics Canada

Summary of Mortgage Statistics for Canada

Average Mortgage Value $295,000
Most Common Amortization Period 25 Years
Most Common Mortgage Type 5 Year Fixed Closed
Best 5 Year Variable Closed Mortgage Rate 2.71%
Best 5 Year Fixed Closed Mortgage Rate 3.29%
Mortgage Rates we Compare 3514

Summary Savings Statistics for Canada

Best High Interest Savings Account Rate 2.35%
Best 5 Year GIC Rate ($5K investment) 3.60%
Average Investment Amount Searched $10,442.57
Savings Rates we Compare 258