Policy interest and conventional mortgage lending rates,
2019-2023

As the COVID-19 pandemic set in across the country, the Bank of Canada cut interest rates, then held steady for nearly two years. They have risen sharply in the years since. 

Mortgage data points are drawn from monthly values; policy interest rates are published as daily values through the Bank of Canada, and are expressed as monthly in the above visualization by including the first recorded daily value for each month. Additional data considerations may apply; please see the source links for more information.

Mortgage rate data source: Canada Mortgage and Housing Corporation, via StatCan
Chart: Charlie Buckley, CTV NewsSource: The Bank of Canada, Canada Mortgage and Housing CorporationCreated with Datawrapper