Canada Mortgage Rates: Historical and Current Averages
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Quarterly average mortgage interest rates
| Q1 | Q2 | Q3 | Q4 | |
| 2026 | 3.79% | |||
| 2025 | 4.50% | 4.41% | 4.33% | 3.81% |
| 2024 | 5.92% | 5.58% | 5.34% | 4.93% |
| 2023 | 5.55% | 5.49% | 5.83% | 6.28% |
| 2022 | 2.41% | 3.20% | 4.51% | 5.35% |
| 2021 | 2.07% | 2.10% | 2.16% | 2.18% |
| 2020 | 3.16% | 2.77% | 2.42% | 2.18% |
| 2019 | 3.81% | 3.45% | 3.17% | 3.16% |
| 2018 | 3.43% | 3.46% | 3.55% | 3.68% |
| 2017 | 2.89% | 2.83% | 2.95% | 3.28% |
| 2016 | 2.88% | 2.78% | 2.71% | 2.68% |
| 2015 | 2.92% | 2.80% | 2.67% | 2.69% |
| 2014 | 3.23% | 3.16% | 3.08% | 3.03% |
| 2013 | 3.18% | 3.09% | 3.22% | 3.30% |
This table shows the average mortgage interest rates during a single quarter.
