Other Mortgage Rates

Name: True North Mortgage Historical Rates for 5 year fixed rates in Other
Creator: True North Mortgage
License: https://creativecommons.org/publicdomain/zero/1.0/

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Last Updated: Apr 26, 2025

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Historical Mortgage Rates

For Other - Last Updated Apr 01 2025

5 Year Fixed Rate

3.99% - 5.49%

2025 (average)

4.06%

5.64%

January

4.24%

5.69%

February

4.04%

5.69%

March

3.89%

5.54%

2024 (average)

4.59%

6.28%

December

4.24%

5.69%

November

4.24%

5.69%

October

4.24%

5.69%

September

4.29%

5.62%

August

4.47%

5.59%

July

4.64%

5.79%

June

4.69%

6.89%

May

4.79%

6.89%

April

4.84%

6.89%

March

4.79%

6.89%

February

4.92%

6.89%

January

4.90%

6.89%

2023 (average)

5.03%

6.33%

December

5.12%

6.89%

November

5.44%

6.89%

October

5.62%

6.89%

September

5.49%

6.89%

August

5.37%

6.89%

July

5.14%

6.39%

June

4.95%

5.93%

May

4.59%

5.84%

April

4.84%

5.84%

March

4.66%

5.84%

February

4.67%

5.84%

January

4.49%

5.84%

2022 (average)

4.03%

4.82%

December

4.69%

5.82%

November

4.92%

5.74%

October

5.01%

5.70%

September

4.44%

5.54%

August

4.34%

5.54%

July

4.52%

5.54%

June

4.37%

5.10%

May

3.89%

4.66%

April

3.72%

4.23%

March

3.14%

3.64%

February

2.74%

3.20%

January

2.52%

3.07%

2021 (average)

1.89%

2.42%

December

2.39%

2.94%

November

2.37%

2.91%

October

2.12%

2.56%

September

1.84%

2.39%

August

1.79%

2.39%

July

1.79%

2.39%

June

1.79%

2.39%

May

1.79%

2.39%

April

1.89%

2.39%

March

1.89%

2.29%

February

1.62%

2.06%

January

1.43%

1.99%

2020 (average)

2.03%

2.43%

December

1.49%

1.99%

November

1.59%

1.99%

October

1.62%

2.04%

September

1.77%

2.05%

August

1.82%

2.22%

July

1.89%

2.39%

June

1.99%

2.42%

May

2.23%

2.65%

April

2.43%

2.88%

March

2.35%

2.68%

February

2.49%

2.86%

January

2.64%

3.01%

2019 (average)

2.79%

3.10%

December

2.58%

2.93%

November

2.40%

2.92%

October

2.52%

2.94%

September

2.53%

2.85%

August

2.59%

2.79%

July

2.68%

2.90%

June

2.68%

2.90%

May

2.84%

3.09%

April

2.92%

3.19%

March

3.15%

3.37%

February

3.32%

3.58%

January

3.30%

3.69%

2018 (average)

3.15%

3.62%

December

3.39%

3.80%

November

3.40%

3.83%

October

3.22%

3.67%

September

3.19%

3.67%

August

3.19%

3.66%

July

3.15%

3.61%

June

3.15%

3.61%

May

3.15%

3.61%

April

3.00%

3.54%

March

3.00%

3.54%

February

3.04%

3.48%

January

2.92%

3.38%

2017 (average)

2.54%

2.89%

December

2.79%

3.29%

November

2.72%

3.29%

October

2.85%

3.28%

September

2.76%

3.16%

August

2.59%

2.99%

July

2.56%

2.78%

June

2.39%

2.49%

May

2.24%

2.54%

April

2.34%

2.67%

March

2.39%

2.72%

February

2.39%

2.72%

January

2.44%

2.74%

2016 (average)

2.34%

2.56%

December

2.42%

2.69%

November

2.25%

2.47%

October

2.24%

2.39%

September

2.34%

2.49%

August

2.34%

2.49%

July

2.34%

2.49%

June

2.34%

2.49%

May

2.34%

2.59%

April

2.34%

2.59%

March

2.34%

2.69%

February

2.39%

2.69%

January

2.44%

2.69%

2015 (average)

2.45%

2.66%

December

2.47%

2.69%

November

2.47%

2.69%

October

2.34%

2.59%

September

2.39%

2.59%

August

2.39%

2.59%

July

2.39%

2.59%

June

2.44%

2.59%

May

2.44%

2.59%

April

2.44%

2.69%

March

2.49%

2.69%

February

2.54%

2.79%

January

2.59%

2.79%

2014 (average)

2.88%

3.04%

December

2.69%

2.89%

November

2.74%

2.89%

October

2.74%

2.89%

September

2.74%

2.89%

August

2.74%

2.89%

July

2.79%

2.99%

June

2.89%

3.04%

May

2.89%

3.04%

April

2.97%

3.15%

March

2.97%

3.15%

February

3.09%

3.29%

January

3.29%

3.39%

5 Year Variable Rate

4.1% - 5%

2025 (average)

4.30%

5.23%

January

4.44%

5.44%

February

4.35%

5.25%

March

4.10%

5.00%

2024 (average)

5.52%

6.75%

December

4.35%

5.50%

November

4.84%

5.95%

October

5.10%

6.20%

September

5.25%

6.45%

August

5.50%

6.70%

July

5.50%

6.70%

June

5.75%

7.05%

May

5.99%

7.30%

April

5.99%

7.30%

March

5.99%

7.30%

February

5.99%

7.30%

January

5.99%

7.30%

2023 (average)

5.77%

6.96%

December

5.99%

7.30%

November

5.99%

7.30%

October

5.99%

7.30%

September

5.99%

7.30%

August

5.99%

7.30%

July

6.00%

7.19%

June

5.75%

6.85%

May

5.50%

6.60%

April

5.50%

6.60%

March

5.50%

6.60%

February

5.50%

6.60%

January

5.50%

6.60%

2022 (average)

2.94%

3.76%

December

5.25%

6.28%

November

4.75%

5.70%

October

4.75%

5.70%

September

4.25%

4.95%

August

3.50%

4.45%

July

3.50%

4.45%

June

2.46%

3.39%

May

1.95%

2.75%

April

1.78%

2.42%

March

1.13%

1.84%

February

0.99%

1.65%

January

0.99%

1.55%

2021 (average)

1.14%

1.58%

December

0.99%

1.55%

November

0.90%

1.55%

October

1.09%

1.55%

September

1.09%

1.55%

August

1.09%

1.55%

July

1.09%

1.55%

June

1.19%

1.55%

May

1.19%

1.55%

April

1.24%

1.65%

March

1.24%

1.65%

February

1.24%

1.65%

January

1.29%

1.75%

2020 (average)

1.91%

2.24%

December

1.38%

1.79%

November

1.55%

1.80%

October

1.55%

1.90%

September

1.63%

1.88%

August

1.67%

2.00%

July

1.79%

2.04%

June

1.79%

2.04%

May

1.96%

2.23%

April

2.02%

2.40%

March

2.24%

2.64%

February

2.70%

3.10%

January

2.70%

3.10%

2019 (average)

2.70%

3.20%

December

2.70%

3.10%

November

2.70%

3.10%

October

2.70%

3.10%

September

2.70%

3.10%

August

2.70%

3.10%

July

2.70%

3.10%

June

2.70%

3.10%

May

2.70%

3.20%

April

2.75%

3.20%

March

2.75%

3.40%

February

2.70%

3.45%

January

2.65%

3.45%

2018 (average)

2.34%

2.89%

December

2.65%

3.35%

November

2.65%

3.25%

October

2.48%

3.02%

September

2.40%

2.80%

August

2.40%

2.80%

July

2.40%

2.80%

June

2.15%

2.60%

May

2.19%

2.55%

April

2.21%

2.85%

March

2.21%

2.85%

February

2.21%

2.85%

January

2.17%

2.94%

2017 (average)

1.91%

2.46%

December

1.98%

2.75%

November

1.98%

2.75%

October

2.05%

2.75%

September

2.15%

2.67%

August

1.90%

2.50%

July

1.95%

2.50%

June

1.75%

2.25%

May

1.75%

2.25%

April

1.80%

2.25%

March

1.80%

2.30%

February

1.80%

2.30%

January

2.05%

2.30%

2016 (average)

2.08%

2.30%

December

2.05%

2.30%

November

2.05%

2.30%

October

2.05%

2.30%

September

2.05%

2.30%

August

2.05%

2.30%

July

2.05%

2.30%

June

2.05%

2.30%

May

2.10%

2.30%

April

2.10%

2.30%

March

2.10%

2.30%

February

2.15%

2.30%

January

2.15%

2.30%

2015 (average)

1.97%

2.19%

December

2.10%

2.20%

November

2.02%

2.13%

October

1.90%

2.05%

September

1.90%

2.05%

August

1.85%

2.05%

July

1.92%

2.25%

June

2.05%

2.25%

May

1.98%

2.25%

April

1.98%

2.25%

March

1.98%

2.25%

February

1.98%

2.25%

January

1.95%

2.25%

2014 (average)

2.31%

2.44%

December

2.10%

2.35%

November

2.15%

2.35%

October

2.15%

2.35%

September

2.20%

2.35%

August

2.25%

2.35%

July

2.30%

2.50%

June

2.40%

2.50%

May

2.40%

2.50%

April

2.40%

2.50%

March

2.40%

2.50%

February

2.40%

2.50%

January

2.58%

2.50%

Canada's Housing Markets: A strong industry driven by the dream of owning a home

In 2025, with a U.S. trade war to start the year, there is substantial uncertainty as to how housing markets will fare this year.

Will lowering interest rates spur a rush of buyers to enter the market, having patiently waited for improved home affordability? Even with better rates than in 2024, new financial concerns (resulting from trade disruption) could weigh on those home-buying decisions and depress market activity this year.

Home sellers may also be in a pickle, deciding whether to list to either get out of restrictive rates or secure a preferred home price, or instead to stand pat and weather the tariff storm, listing when more buyers are around (more competition can help a seller get a better price for their home) and when they have a better handle on how the economy might affect their budgets.

Regardless of how the year progresses economically, Canadians will still need to buy and sell in the normal course. The good news is that mortgage rates have come down substantially from a 22-year high (since June 2024), which can help them manage their monthly mortgage payments to get the home of their dreams.

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