Data / Household effective interest cost on mortgage loans / Canada

Household effective interest cost on mortgage loans in Canada

Household effective interest cost on mortgage loans in Canada was 1.03% in Q2 2026, according to Statistics Canada. That is down 0.04 pts from Q2 2025.

Q2 20261.03%
Change on Q2 2025-0.04 pts
Series high2.91Q4 1990
Series low0.62Q1 2022
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Household effective interest cost on mortgage loans in Canada, Q1 1990 to Q2 2026

0.511.522.531990-Q11995-Q22000-Q32005-Q42011-Q12016-Q22021-Q32026-Q21990-Q1: 2.83 %1990-Q2: 2.81 %1990-Q3: 2.87 %1990-Q4: 2.91 %1991-Q1: 2.88 %1991-Q2: 2.83 %1991-Q3: 2.82 %1991-Q4: 2.85 %1992-Q1: 2.69 %1992-Q2: 2.63 %1992-Q3: 2.64 %1992-Q4: 2.64 %1993-Q1: 2.4 %1993-Q2: 2.35 %1993-Q3: 2.34 %1993-Q4: 2.3 %1994-Q1: 2.25 %1994-Q2: 2.16 %1994-Q3: 2.22 %1994-Q4: 2.24 %1995-Q1: 2.24 %1995-Q2: 2.22 %1995-Q3: 2.23 %1995-Q4: 2.22 %1996-Q1: 2.17 %1996-Q2: 2.1 %1996-Q3: 2.1 %1996-Q4: 2.05 %1997-Q1: 1.94 %1997-Q2: 1.89 %1997-Q3: 1.89 %1997-Q4: 1.87 %1998-Q1: 1.82 %1998-Q2: 1.76 %1998-Q3: 1.82 %1998-Q4: 1.8 %1999-Q1: 1.66 %1999-Q2: 1.61 %1999-Q3: 1.62 %1999-Q4: 1.63 %2000-Q1: 1.66 %2000-Q2: 1.69 %2000-Q3: 1.7 %2000-Q4: 1.72 %2001-Q1: 1.67 %2001-Q2: 1.66 %2001-Q3: 1.63 %2001-Q4: 1.56 %2002-Q1: 1.48 %2002-Q2: 1.47 %2002-Q3: 1.47 %2002-Q4: 1.44 %2003-Q1: 1.43 %2003-Q2: 1.45 %2003-Q3: 1.41 %2003-Q4: 1.37 %2004-Q1: 1.34 %2004-Q2: 1.3 %2004-Q3: 1.27 %2004-Q4: 1.24 %2005-Q1: 1.24 %2005-Q2: 1.25 %2005-Q3: 1.24 %2005-Q4: 1.24 %2006-Q1: 1.21 %2006-Q2: 1.27 %2006-Q3: 1.29 %2006-Q4: 1.28 %2007-Q1: 1.26 %2007-Q2: 1.28 %2007-Q3: 1.28 %2007-Q4: 1.3 %2008-Q1: 1.28 %2008-Q2: 1.23 %2008-Q3: 1.22 %2008-Q4: 1.12 %2009-Q1: 1.07 %2009-Q2: 1.05 %2009-Q3: 1.03 %2009-Q4: 1.02 %2010-Q1: 0.98 %2010-Q2: 0.97 %2010-Q3: 0.98 %2010-Q4: 0.99 %2011-Q1: 0.96 %2011-Q2: 0.93 %2011-Q3: 0.91 %2011-Q4: 0.91 %2012-Q1: 0.9 %2012-Q2: 0.86 %2012-Q3: 0.88 %2012-Q4: 0.87 %2013-Q1: 0.87 %2013-Q2: 0.83 %2013-Q3: 0.86 %2013-Q4: 0.86 %2014-Q1: 0.86 %2014-Q2: 0.82 %2014-Q3: 0.84 %2014-Q4: 0.83 %2015-Q1: 0.81 %2015-Q2: 0.75 %2015-Q3: 0.76 %2015-Q4: 0.74 %2016-Q1: 0.73 %2016-Q2: 0.7 %2016-Q3: 0.71 %2016-Q4: 0.71 %2017-Q1: 0.69 %2017-Q2: 0.67 %2017-Q3: 0.7 %2017-Q4: 0.73 %2018-Q1: 0.74 %2018-Q2: 0.74 %2018-Q3: 0.77 %2018-Q4: 0.79 %2019-Q1: 0.81 %2019-Q2: 0.81 %2019-Q3: 0.83 %2019-Q4: 0.82 %2020-Q1: 0.79 %2020-Q2: 0.75 %2020-Q3: 0.74 %2020-Q4: 0.72 %2021-Q1: 0.7 %2021-Q2: 0.67 %2021-Q3: 0.65 %2021-Q4: 0.63 %2022-Q1: 0.62 %2022-Q2: 0.66 %2022-Q3: 0.78 %2022-Q4: 0.92 %2023-Q1: 1.02 %2023-Q2: 1.05 %2023-Q3: 1.1 %2023-Q4: 1.12 %2024-Q1: 1.14 %2024-Q2: 1.15 %2024-Q3: 1.14 %2024-Q4: 1.1 %2025-Q1: 1.09 %2025-Q2: 1.07 %2025-Q3: 1.06 %2025-Q4: 1.04 %2026-Q1: 1.04 %2026-Q2: 1.03 %01231990-Q12002-Q22014-Q32026-Q22026-Q2: 1.03 %
%. Source: Statistics Canada, Table 38-10-0235-01, Financial indicators of households and non-profit institutions serving households, national balance sheet accounts: Canada, Households, Effective interest cost, mortgage loans (unadjusted at quarterly rates). Retrieved 2026-10-12.
All 146 values
Period%
2026-Q21.03
2026-Q11.04
2025-Q41.04
2025-Q31.06
2025-Q21.07
2025-Q11.09
2024-Q41.1
2024-Q31.14
2024-Q21.15
2024-Q11.14
2023-Q41.12
2023-Q31.1
2023-Q21.05
2023-Q11.02
2022-Q40.92
2022-Q30.78
2022-Q20.66
2022-Q10.62
2021-Q40.63
2021-Q30.65
2021-Q20.67
2021-Q10.7
2020-Q40.72
2020-Q30.74
2020-Q20.75
2020-Q10.79
2019-Q40.82
2019-Q30.83
2019-Q20.81
2019-Q10.81
2018-Q40.79
2018-Q30.77
2018-Q20.74
2018-Q10.74
2017-Q40.73
2017-Q30.7
2017-Q20.67
2017-Q10.69
2016-Q40.71
2016-Q30.71
2016-Q20.7
2016-Q10.73
2015-Q40.74
2015-Q30.76
2015-Q20.75
2015-Q10.81
2014-Q40.83
2014-Q30.84
2014-Q20.82
2014-Q10.86
2013-Q40.86
2013-Q30.86
2013-Q20.83
2013-Q10.87
2012-Q40.87
2012-Q30.88
2012-Q20.86
2012-Q10.9
2011-Q40.91
2011-Q30.91
2011-Q20.93
2011-Q10.96
2010-Q40.99
2010-Q30.98
2010-Q20.97
2010-Q10.98
2009-Q41.02
2009-Q31.03
2009-Q21.05
2009-Q11.07
2008-Q41.12
2008-Q31.22
2008-Q21.23
2008-Q11.28
2007-Q41.3
2007-Q31.28
2007-Q21.28
2007-Q11.26
2006-Q41.28
2006-Q31.29
2006-Q21.27
2006-Q11.21
2005-Q41.24
2005-Q31.24
2005-Q21.25
2005-Q11.24
2004-Q41.24
2004-Q31.27
2004-Q21.3
2004-Q11.34
2003-Q41.37
2003-Q31.41
2003-Q21.45
2003-Q11.43
2002-Q41.44
2002-Q31.47
2002-Q21.47
2002-Q11.48
2001-Q41.56
2001-Q31.63
2001-Q21.66
2001-Q11.67
2000-Q41.72
2000-Q31.7
2000-Q21.69
2000-Q11.66
1999-Q41.63
1999-Q31.62
1999-Q21.61
1999-Q11.66
1998-Q41.8
1998-Q31.82
1998-Q21.76
1998-Q11.82
1997-Q41.87
1997-Q31.89
1997-Q21.89
1997-Q11.94
1996-Q42.05
1996-Q32.1
1996-Q22.1
1996-Q12.17
1995-Q42.22
1995-Q32.23
1995-Q22.22
1995-Q12.24
1994-Q42.24
1994-Q32.22
1994-Q22.16
1994-Q12.25
1993-Q42.3
1993-Q32.34
1993-Q22.35
1993-Q12.4
1992-Q42.64
1992-Q32.64
1992-Q22.63
1992-Q12.69
1991-Q42.85
1991-Q32.82
1991-Q22.83
1991-Q12.88
1990-Q42.91
1990-Q32.87
1990-Q22.81
1990-Q12.83

Definition

Statistics Canada's quarterly interest expense on Household sector mortgage loans divided by the outstanding interest-bearing mortgage loan balance, expressed as a percentage. This published series is unadjusted at quarterly rates.

The Household sector includes unincorporated enterprises operated by households and excludes NPISH. The measure reflects interest paid on new and existing mortgage borrowing; it is not an annualized loan quote or an APR.

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How to cite

Source: Statistics Canada, Table 38-10-0235-01, Financial indicators of households and non-profit institutions serving households, national balance sheet accounts: Canada, Households, Effective interest cost, mortgage loans (unadjusted at quarterly rates), reference period 2026-Q2. Reproduced and distributed on an "as is" basis with the permission of Statistics Canada. Adapted from Statistics Canada, Table 38-10-0235-01, Financial indicators of households and non-profit institutions serving households, national balance sheet accounts: Canada, Households, Effective interest cost, mortgage loans (unadjusted at quarterly rates), reference period 2026-Q2. This does not constitute an endorsement by Statistics Canada of this product. https://www150.statcan.gc.ca/t1/wds/rest/getDataFromVectorByReferencePeriodRange?vectorIds=1806944996&startRefPeriod=1990-01-01&endReferencePeriod=2026-10-12. Retrieved 2026-10-12.

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APA 7

Statistics Canada. (n.d.). Table 38-10-0235-01, Financial indicators of households and non-profit institutions serving households, national balance sheet accounts: Canada, Households, Effective interest cost, mortgage loans (unadjusted at quarterly rates) (Household effective interest cost on mortgage loans, Canada, 1990-Q1 to 2026-Q2) [Data set]. Retrieved October 12, 2026, from https://www150.statcan.gc.ca/t1/wds/rest/getDataFromVectorByReferencePeriodRange?vectorIds=1806944996&startRefPeriod=1990-01-01&endReferencePeriod=2026-10-12

MLA 9

Table 38-10-0235-01, Financial indicators of households and non-profit institutions serving households, national balance sheet accounts: Canada, Households, Effective interest cost, mortgage loans (unadjusted at quarterly rates), Household effective interest cost on mortgage loans, Canada, 1990-Q1 to 2026-Q2. Statistics Canada, https://www150.statcan.gc.ca/t1/wds/rest/getDataFromVectorByReferencePeriodRange?vectorIds=1806944996&startRefPeriod=1990-01-01&endReferencePeriod=2026-10-12. Invokely, https://invokely.ai/en/household-effective-interest-cost-mortgage-loans/canada. Accessed 12 Oct. 2026.

Chicago (author-date)

Statistics Canada. n.d. Table 38-10-0235-01, Financial indicators of households and non-profit institutions serving households, national balance sheet accounts: Canada, Households, Effective interest cost, mortgage loans (unadjusted at quarterly rates). Household effective interest cost on mortgage loans, Canada, 1990-Q1 to 2026-Q2. Dataset. Accessed October 12, 2026. https://www150.statcan.gc.ca/t1/wds/rest/getDataFromVectorByReferencePeriodRange?vectorIds=1806944996&startRefPeriod=1990-01-01&endReferencePeriod=2026-10-12. Also distributed by Invokely, https://invokely.ai/en/household-effective-interest-cost-mortgage-loans/canada.

Harvard

Statistics Canada (no date) Table 38-10-0235-01, Financial indicators of households and non-profit institutions serving households, national balance sheet accounts: Canada, Households, Effective interest cost, mortgage loans (unadjusted at quarterly rates), Household effective interest cost on mortgage loans, Canada, 1990-Q1 to 2026-Q2 [Dataset]. Available at: https://www150.statcan.gc.ca/t1/wds/rest/getDataFromVectorByReferencePeriodRange?vectorIds=1806944996&startRefPeriod=1990-01-01&endReferencePeriod=2026-10-12, via Invokely: https://invokely.ai/en/household-effective-interest-cost-mortgage-loans/canada (Accessed: 12 October 2026).

BibTeX
@misc{statistics_household_effective_interest_cost_2026,
  author = {{Statistics Canada}},
  title = {{Table 38-10-0235-01, Financial indicators of households and non-profit institutions serving households, national balance sheet accounts: Canada, Households, Effective interest cost, mortgage loans (unadjusted at quarterly rates): Household effective interest cost on mortgage loans, Canada, 1990-Q1 to 2026-Q2}},
  howpublished = {Data set},
  url = {https://www150.statcan.gc.ca/t1/wds/rest/getDataFromVectorByReferencePeriodRange?vectorIds=1806944996&startRefPeriod=1990-01-01&endReferencePeriod=2026-10-12},
  urldate = {2026-10-12},
  note = {Accessed via Invokely, https://invokely.ai/en/household-effective-interest-cost-mortgage-loans/canada. Publisher attribution: Source: Statistics Canada, Table 38-10-0235-01, Financial indicators of households and non-profit institutions serving households, national balance sheet accounts: Canada, Households, Effective interest cost, mortgage loans (unadjusted at quarterly rates), reference period 2026-Q2. Reproduced and distributed on an "as is" basis with the permission of Statistics Canada. Adapted from Statistics Canada, Table 38-10-0235-01, Financial indicators of households and non-profit institutions serving households, national balance sheet accounts: Canada, Households, Effective interest cost, mortgage loans (unadjusted at quarterly rates), reference period 2026-Q2. This does not constitute an endorsement by Statistics Canada of this product. https://www150.statcan.gc.ca/t1/wds/rest/getDataFromVectorByReferencePeriodRange?vectorIds=1806944996\&startRefPeriod=1990-01-01\&endReferencePeriod=2026-10-12. Retrieved 2026-10-12.},
}
RIS
TY  - DATA
AU  - Statistics Canada
TI  - Table 38-10-0235-01, Financial indicators of households and non-profit institutions serving households, national balance sheet accounts: Canada, Households, Effective interest cost, mortgage loans (unadjusted at quarterly rates): Household effective interest cost on mortgage loans, Canada, 1990-Q1 to 2026-Q2
PB  - Statistics Canada
DB  - Invokely
UR  - https://www150.statcan.gc.ca/t1/wds/rest/getDataFromVectorByReferencePeriodRange?vectorIds=1806944996&startRefPeriod=1990-01-01&endReferencePeriod=2026-10-12
L2  - https://invokely.ai/en/household-effective-interest-cost-mortgage-loans/canada
Y2  - 2026/10/12
N1  - Accessed via Invokely, https://invokely.ai/en/household-effective-interest-cost-mortgage-loans/canada.
N1  - Publisher attribution: Source: Statistics Canada, Table 38-10-0235-01, Financial indicators of households and non-profit institutions serving households, national balance sheet accounts: Canada, Households, Effective interest cost, mortgage loans (unadjusted at quarterly rates), reference period 2026-Q2. Reproduced and distributed on an "as is" basis with the permission of Statistics Canada. Adapted from Statistics Canada, Table 38-10-0235-01, Financial indicators of households and non-profit institutions serving households, national balance sheet accounts: Canada, Households, Effective interest cost, mortgage loans (unadjusted at quarterly rates), reference period 2026-Q2. This does not constitute an endorsement by Statistics Canada of this product. https://www150.statcan.gc.ca/t1/wds/rest/getDataFromVectorByReferencePeriodRange?vectorIds=1806944996&startRefPeriod=1990-01-01&endReferencePeriod=2026-10-12. Retrieved 2026-10-12.
ER  -
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Questions

What is the household effective interest cost on mortgage loans in Canada?

Household effective interest cost on mortgage loans in Canada was 1.03% in Q2 2026, according to Statistics Canada. That is down 0.04 pts from Q2 2025.

Where does this figure come from?

Statistics Canada. Table 38-10-0235-01, Financial indicators of households and non-profit institutions serving households, national balance sheet accounts: Canada, Households, Effective interest cost, mortgage loans (unadjusted at quarterly rates). Retrieved by Invokely on 2026-10-12.

What was the highest household effective interest cost on mortgage loans in Canada?

2.91% in Q4 1990, the highest value since Q1 1990 in this series.

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