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Historical Mortgage Rates
For Other - Last Updated May 01 2026
5 Year Fixed Rate
4.24%Up to 4.79%
5 Year Variable Rate
3.49%Up to 5.00%
2026 (average)
4.00% - 4.84%
April
4.14% - 4.79%
March
4.02% - 4.79%
February
3.84% - 4.79%
January
3.99% - 5.00%
2025 (average)
4.00% - 5.39%
December
3.99% - 5.00%
November
3.77% - 5.00%
October
3.79% - 5.25%
September
3.97% - 5.49%
August
4.07% - 5.49%
July
4.14% - 5.49%
June
4.09% - 5.49%
May
4.09% - 5.10%
April
3.94% - 5.49%
March
3.89% - 5.54%
February
4.04% - 5.69%
January
4.24% - 5.69%
2024 (average)
4.59% - 6.28%
December
4.24% - 5.69%
November
4.24% - 5.69%
October
4.24% - 5.69%
September
4.29% - 5.62%
August
4.47% - 5.59%
July
4.64% - 5.79%
June
4.69% - 6.89%
May
4.79% - 6.89%
April
4.84% - 6.89%
March
4.79% - 6.89%
February
4.92% - 6.89%
January
4.90% - 6.89%
2023 (average)
5.03% - 6.33%
December
5.12% - 6.89%
November
5.44% - 6.89%
October
5.62% - 6.89%
September
5.49% - 6.89%
August
5.37% - 6.89%
July
5.14% - 6.39%
June
4.95% - 5.93%
May
4.59% - 5.84%
April
4.84% - 5.84%
March
4.66% - 5.84%
February
4.67% - 5.84%
January
4.49% - 5.84%
2022 (average)
4.03% - 4.82%
December
4.69% - 5.82%
November
4.92% - 5.74%
October
5.01% - 5.70%
September
4.44% - 5.54%
August
4.34% - 5.54%
July
4.52% - 5.54%
June
4.37% - 5.10%
May
3.89% - 4.66%
April
3.72% - 4.23%
March
3.14% - 3.64%
February
2.74% - 3.20%
January
2.52% - 3.07%
2021 (average)
1.89% - 2.42%
December
2.39% - 2.94%
November
2.37% - 2.91%
October
2.12% - 2.56%
September
1.84% - 2.39%
August
1.79% - 2.39%
July
1.79% - 2.39%
June
1.79% - 2.39%
May
1.79% - 2.39%
April
1.89% - 2.39%
March
1.89% - 2.29%
February
1.62% - 2.06%
January
1.43% - 1.99%
2020 (average)
2.03% - 2.43%
December
1.49% - 1.99%
November
1.59% - 1.99%
October
1.62% - 2.04%
September
1.77% - 2.05%
August
1.82% - 2.22%
July
1.89% - 2.39%
June
1.99% - 2.42%
May
2.23% - 2.65%
April
2.43% - 2.88%
March
2.35% - 2.68%
February
2.49% - 2.86%
January
2.64% - 3.01%
2019 (average)
2.79% - 3.10%
December
2.58% - 2.93%
November
2.40% - 2.92%
October
2.52% - 2.94%
September
2.53% - 2.85%
August
2.59% - 2.79%
July
2.68% - 2.90%
June
2.68% - 2.90%
May
2.84% - 3.09%
April
2.92% - 3.19%
March
3.15% - 3.37%
February
3.32% - 3.58%
January
3.30% - 3.69%
2018 (average)
3.15% - 3.62%
December
3.39% - 3.80%
November
3.40% - 3.83%
October
3.22% - 3.67%
September
3.19% - 3.67%
August
3.19% - 3.66%
July
3.15% - 3.61%
June
3.15% - 3.61%
May
3.15% - 3.61%
April
3.00% - 3.54%
March
3.00% - 3.54%
February
3.04% - 3.48%
January
2.92% - 3.38%
2017 (average)
2.54% - 2.89%
December
2.79% - 3.29%
November
2.72% - 3.29%
October
2.85% - 3.28%
September
2.76% - 3.16%
August
2.59% - 2.99%
July
2.56% - 2.78%
June
2.39% - 2.49%
May
2.24% - 2.54%
April
2.34% - 2.67%
March
2.39% - 2.72%
February
2.39% - 2.72%
January
2.44% - 2.74%
2016 (average)
2.34% - 2.56%
December
2.42% - 2.69%
November
2.25% - 2.47%
October
2.24% - 2.39%
September
2.34% - 2.49%
August
2.34% - 2.49%
July
2.34% - 2.49%
June
2.34% - 2.49%
May
2.34% - 2.59%
April
2.34% - 2.59%
March
2.34% - 2.69%
February
2.39% - 2.69%
January
2.44% - 2.69%
2015 (average)
2.45% - 2.66%
December
2.47% - 2.69%
November
2.47% - 2.69%
October
2.34% - 2.59%
September
2.39% - 2.59%
August
2.39% - 2.59%
July
2.39% - 2.59%
June
2.44% - 2.59%
May
2.44% - 2.59%
April
2.44% - 2.69%
March
2.49% - 2.69%
February
2.54% - 2.79%
January
2.59% - 2.79%
2014 (average)
2.88% - 3.04%
December
2.69% - 2.89%
November
2.74% - 2.89%
October
2.74% - 2.89%
September
2.74% - 2.89%
August
2.74% - 2.89%
July
2.79% - 2.99%
June
2.89% - 3.04%
May
2.89% - 3.04%
April
2.97% - 3.15%
March
2.97% - 3.15%
February
3.09% - 3.29%
January
3.29% - 3.39%
2026 (average)
3.49% - 5.00%
April
3.49% - 5.00%
March
3.49% - 5.00%
February
3.49% - 5.00%
January
3.49% - 5.00%
2025 (average)
4.00% - 5.06%
December
3.60% - 5.00%
November
3.60% - 5.00%
October
3.60% - 5.00%
September
3.85% - 5.00%
August
4.10% - 5.00%
July
4.10% - 5.00%
June
4.20% - 5.12%
May
4.10% - 5.00%
April
4.10% - 5.00%
March
4.10% - 5.00%
February
4.35% - 5.25%
January
4.44% - 5.44%
2024 (average)
5.52% - 6.75%
December
4.35% - 5.50%
November
4.84% - 5.95%
October
5.10% - 6.20%
September
5.25% - 6.45%
August
5.50% - 6.70%
July
5.50% - 6.70%
June
5.75% - 7.05%
May
5.99% - 7.30%
April
5.99% - 7.30%
March
5.99% - 7.30%
February
5.99% - 7.30%
January
5.99% - 7.30%
2023 (average)
5.77% - 6.96%
December
5.99% - 7.30%
November
5.99% - 7.30%
October
5.99% - 7.30%
September
5.99% - 7.30%
August
5.99% - 7.30%
July
6.00% - 7.19%
June
5.75% - 6.85%
May
5.50% - 6.60%
April
5.50% - 6.60%
March
5.50% - 6.60%
February
5.50% - 6.60%
January
5.50% - 6.60%
2022 (average)
2.94% - 3.76%
December
5.25% - 6.28%
November
4.75% - 5.70%
October
4.75% - 5.70%
September
4.25% - 4.95%
August
3.50% - 4.45%
July
3.50% - 4.45%
June
2.46% - 3.39%
May
1.95% - 2.75%
April
1.78% - 2.42%
March
1.13% - 1.84%
February
0.99% - 1.65%
January
0.99% - 1.55%
2021 (average)
1.14% - 1.58%
December
0.99% - 1.55%
November
0.90% - 1.55%
October
1.09% - 1.55%
September
1.09% - 1.55%
August
1.09% - 1.55%
July
1.09% - 1.55%
June
1.19% - 1.55%
May
1.19% - 1.55%
April
1.24% - 1.65%
March
1.24% - 1.65%
February
1.24% - 1.65%
January
1.29% - 1.75%
2020 (average)
1.91% - 2.24%
December
1.38% - 1.79%
November
1.55% - 1.80%
October
1.55% - 1.90%
September
1.63% - 1.88%
August
1.67% - 2.00%
July
1.79% - 2.04%
June
1.79% - 2.04%
May
1.96% - 2.23%
April
2.02% - 2.40%
March
2.24% - 2.64%
February
2.70% - 3.10%
January
2.70% - 3.10%
2019 (average)
2.70% - 3.20%
December
2.70% - 3.10%
November
2.70% - 3.10%
October
2.70% - 3.10%
September
2.70% - 3.10%
August
2.70% - 3.10%
July
2.70% - 3.10%
June
2.70% - 3.10%
May
2.70% - 3.20%
April
2.75% - 3.20%
March
2.75% - 3.40%
February
2.70% - 3.45%
January
2.65% - 3.45%
2018 (average)
2.34% - 2.89%
December
2.65% - 3.35%
November
2.65% - 3.25%
October
2.48% - 3.02%
September
2.40% - 2.80%
August
2.40% - 2.80%
July
2.40% - 2.80%
June
2.15% - 2.60%
May
2.19% - 2.55%
April
2.21% - 2.85%
March
2.21% - 2.85%
February
2.21% - 2.85%
January
2.17% - 2.94%
2017 (average)
1.91% - 2.46%
December
1.98% - 2.75%
November
1.98% - 2.75%
October
2.05% - 2.75%
September
2.15% - 2.67%
August
1.90% - 2.50%
July
1.95% - 2.50%
June
1.75% - 2.25%
May
1.75% - 2.25%
April
1.80% - 2.25%
March
1.80% - 2.30%
February
1.80% - 2.30%
January
2.05% - 2.30%
2016 (average)
2.08% - 2.30%
December
2.05% - 2.30%
November
2.05% - 2.30%
October
2.05% - 2.30%
September
2.05% - 2.30%
August
2.05% - 2.30%
July
2.05% - 2.30%
June
2.05% - 2.30%
May
2.10% - 2.30%
April
2.10% - 2.30%
March
2.10% - 2.30%
February
2.15% - 2.30%
January
2.15% - 2.30%
2015 (average)
1.97% - 2.19%
December
2.10% - 2.20%
November
2.02% - 2.13%
October
1.90% - 2.05%
September
1.90% - 2.05%
August
1.85% - 2.05%
July
1.92% - 2.25%
June
2.05% - 2.25%
May
1.98% - 2.25%
April
1.98% - 2.25%
March
1.98% - 2.25%
February
1.98% - 2.25%
January
1.95% - 2.25%
2014 (average)
2.31% - 2.44%
December
2.10% - 2.35%
November
2.15% - 2.35%
October
2.15% - 2.35%
September
2.20% - 2.35%
August
2.25% - 2.35%
July
2.30% - 2.50%
June
2.40% - 2.50%
May
2.40% - 2.50%
April
2.40% - 2.50%
March
2.40% - 2.50%
February
2.40% - 2.50%
January
2.58% - 2.50%
Canada's Housing Markets: Activity slowing amid disrupted U.S. trade relations.
Canadian housing markets have been affected by U.S. trade disruptions and a rapid decline in immigration, contributing to a slowdown in many markets in early 2026.
National housing activity remains sluggish in March 2026, largely due to weakening conditions in the least home-affordable provinces of British Columbia and Ontario. The slowdown is likely due to economic uncertainty and the recent increase in fixed rates following the oil price shock.
National average home sales declined by 3.4% from a year earlier. Nearly all major centres across the country reported decreases in sales, with Quebec City and the Greater Toronto Area the only markets to post modest gains this month.
As buyers and sellers wait on the sidelines, the national average home price decreased by 0.4% year over year to $658,248. While most of the centres recorded price increases, declines in the GTA and the GVA weighed on the national average.
New listings presented a mixed picture nationwide, with Quebec City recording the highest increase and the GTA recording the largest drop in inventory. Overall, Canada remained in a balanced market at a 48% SNLR. The GTA and GVA show up as buyer's markets, while Victoria, Calgary and Ottawa remained in a balanced one. Montreal joined Quebec City, Winnipeg, and Halifax in the seller's market range.
Read more:
Housing Stats
Housing Market Forecast (2026-2029)
Rate Forecast (2026-2030)
Canada Housing Market Update
Canada March 2026 Housing Statistics
| Number Sold | % YOY | Average Price | % YOY | New Listings | % YOY | Sales to Listing Ratio | Market | |
|---|---|---|---|---|---|---|---|---|
| GTA | 4,546 | +4.3 | 1,007,490 | -6.4 | 13,245 | -16.9 | 34 | Buyers |
| Calgary | 2,154 | -12.7 | 640,525 | +0.4 | 3,941 | -11.5 | 55 | Balanced |
| GVA | 1,809 | -2.2 | 1,200,088 | -2.4 | 4,850 | -14.4 | 37 | Buyers |
| Montreal | 3,936 | -0.1 | 670,412 | +5.0 | 6,534 | +8.1 | 60 | Sellers |
| Ottawa | 912 | -2.9 | 691,951 | +1.8 | 1,888 | +2.6 | 48 | Balanced |
| Quebec City | 879 | +6.2 | 488,378 | +9.4 | 1,122 | +15.2 | 78 | Sellers |
| Winnipeg | 1,081 | -6.5 | 421,375 | +2.0 | 1,507 | -11.5 | 72 | Sellers |
| Victoria | 496 | -7.1 | 1,025,538 | +4.1 | 1,190 | -0.3 | 42 | Balanced |
| Halifax | 396 | -10.2 | 596,996 | +1.6 | 600 | -2.6 | 66 | Sellers |
Data Source: Sagen Housing Market Updates
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Other Mortgage Rates
Mortgage Rates are different across Canada. Rates are shown based on your location. If you're planning to purchase out-of-province, be sure to choose rates where the property will be located.
Canada Wide Mortgages
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British Columbia
- Abbotsford ,
- Burnaby ,
- Chilliwack ,
- Coquitlam ,
- Courtenay ,
- Kamloops ,
- Kelowna ,
- Nanaimo ,
- New Westminster ,
- Prince George ,
- Richmond ,
- Saanich ,
- Surrey ,
- Vancouver ,
- Vernon ,
- Victoria ,
- White Rock
Alberta
- Airdrie ,
- Calgary ,
- Edmonton ,
- Fort McMurray ,
- Grande Prairie ,
- Lethbridge ,
- Lloydminster ,
- Medicine Hat ,
- Red Deer
Saskatchewan
Manitoba
Ontario
- Barrie ,
- Belleville ,
- Brampton ,
- Brantford ,
- Burlington ,
- Cornwall ,
- Guelph ,
- Hamilton ,
- Kanata ,
- Kingston ,
- Kitchener ,
- London ,
- Markham ,
- Milton ,
- Mississauga ,
- Niagara Falls ,
- North Bay ,
- Oakville ,
- Oshawa ,
- Ottawa ,
- Peterborough ,
- Sarnia ,
- Sault Ste. Marie ,
- St. Catharines ,
- Sudbury ,
- Thunder Bay ,
- Toronto ,
- Vaughan ,
- Windsor ,
- Woodstock
Quebec
Atlantic Canada
- Charlottetown ,
- Fredericton ,
- Halifax ,
- Moncton ,
- Saint John ,
- St. John's