Debt services cost on new mortgages and interest rate

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* Overnight interest rate is indexed for the sake of graphing. 2015 Q1 = 5. Canada's average overnight interest rate as of 2023 Q4 was 5 percent, and as of 2024 Q2 is 4.75 percent.

Chart: Kiernan Green, The HubSource: Bank of Canada, Financial Stability Report—2024 and Canadian interest rate 10-year look upGet the dataCreated with Datawrapper