5-Year Fixed Mortgage Rates Canada, 1980-2026
Table View
| Year | 5Y Rate |
|---|---|
| 1980 | 14.5 |
| 1981 | 18.13 |
| 1982 | 19.25 |
| 1983 | 13.5 |
| 1984 | 13.5 |
| 1985 | 11.75 |
| 1986 | 11.25 |
| 1987 | 11.25 |
| 1988 | 11.75 |
| 1989 | 12 |
| 1990 | 13.25 |
| 1991 | 11.25 |
| 1992 | 9.63 |
| 1993 | 8.85 |
| 1994 | 9.9 |
| 1995 | 8.95 |
| 1996 | 7.95 |
| 1997 | 7 |
| 1998 | 6.95 |
| 1999 | 7.5 |
| 2000 | 8.3 |
| 2001 | 7.5 |
| 2002 | 6.85 |
| 2003 | 6.45 |
| 2004 | 6.3 |
| 2005 | 6.05 |
| 2006 | 6.6 |
| 2007 | 7.19 |
| 2008 | 7.15 |
| 2009 | 5.79 |
| 2010 | 5.42 |
| 2011 | 5.39 |
| 2012 | 5.24 |
| 2013 | 5.24 |
| 2014 | 4.79 |
| 2015 | 4.64 |
| 2016 | 4.64 |
| 2017 | 4.64 |
| 2018 | 5.34 |
| 2019 | 5.34 |
| 2020 | 4.94 |
| 2021 | 4.79 |
| 2022 | 6.04 |
| 2023 | 6.49 |
| 2024 | 6.79 |
| 2025 | 6.09 |
| 2026 | 6.09 |
Insights
Canadian 5-year fixed mortgage rates peaked at 19.25% in 1982 amid high inflation but have trended downward overall, reaching lows around 4.64% in the mid-2010s. Recent hikes pushed rates to 6.79% in 2024 before stabilizing near 6% in 2025-2026. This long-term decline has boosted home affordability despite occasional spikes.
Metrics
Rates are annual average posted 5-year fixed mortgage rates from major Canadian banks, expressed as percentages (%). Data covers conventional mortgages and reflects historical trends influenced by Bank of Canada policy. Values are weekly or monthly averages aggregated yearly for consistency.
Tags
#MortgageRates#5YearFixed#Canada#Historical#BankOfCanada