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RatePulse

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 * 0.75%
Bank of Canada Qualifying Rate * 4.64%
Bank Prime Rate * 2.85%
Consumer Price Index * 1.20%
Core Consumer Price Index * 2.40%
National Unemployment Rate ** 6.80%

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

Summary of Mortgage Statistics for Canada

Average Mortgage Value $267,000
Most Common Amortization Period 25 Years
Most Common Mortgage Type 5 Year Fixed Closed
Best 5 Year Variable Closed Mortgage Rate 1.85%
Best 5 Year Fixed Closed Mortgage Rate 2.34%
Mortgage Rates we Compare 2301

Summary Savings Statistics for Canada

Best High Interest Savings Account Rate 2.25%
Best 5 Year GIC Rate ($5K investment) 2.50%
Average Investment Amount Searched $11,430.52
Savings Rates we Compare 261