5-year fixed mortgage rate history
Jamie David, Sr. Director of Marketing and Mortgages
Posted historical 5-year fixed mortgage rates (1973 - present)
The 5-year fixed mortgage rate is the most popular rate in Canada, accounting for nearly 50% of all outstanding mortgages, according to Statistics Canada.
See how five-year fixed mortgage rates have changed over time; view historical values for posted rates as far back as 1973 in the chart below. These rates are sourced from the Bank of Canada, which in turn collects data from posted bank rates.
Historical posted 5-year mortgage rates
Discounted historical 5-year fixed mortgage rates (2006 - present)
According to an estimate from the Canadian Association of Accredited Mortgage Professionals, the average discount applied to a 5-year mortgage rate was 1.42% in 2010. To source discounted rates, Ratehub.ca has combined our proprietary data, supplemented with discounted brokerage data from 2006 to 2010.
See how discounted five-year fixed mortgage rates have changed over time in the chart below.