Average Mortgage Payments Across Canada

Mortgage payments were calculated using the best posted 5-year fixed rate from Ratehub (3.94%), assuming a minimum down payment and a 25-year amortization period. Calculations are based on the average home price in August 2025.

To calculate the average mortgage payment for 2015, we used the average home price from August 2015 and assumed a 5-year fixed mortgage rate of 2.38%. The calculation was based on the minimum required down payment and a standard 25-year amortization period.
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