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Historic 5-Year Mortgage Rates. A Look Back.

5-Year-Historical-Canadian-Mortgage-RatesSometimes we forget how low today’s mortgage rates are, historically speaking.

Back in 1981, when rates exceeded 21%, a $200,000 25-year mortgage cost more to carry than a $500,000 mortgage today!

Since 1970, 5-year mortgage rates have peaked each year at an average of 10.95%.  (Click image to enlarge)

Data Sources:  CMHC,