<?xml version="1.0" encoding="UTF-8"?>
<data>
<terms url="https://www.bankofcanada.ca/terms/"></terms>
<groupDetail>
    <label>Mortgages renewing over the coming years will see gradually larger payment increases</label>
    <description><![CDATA[Median percentage increase in mortgage payment at renewal compared at origination

The mortgage rates used to calculate results are based on market expectations as at April 25, 2024. Increases are estimated on the stock of mortgages outstanding in February 2022.

Regulatory filings of Canadian banks and Bank of Canada calculations]]></description>
    <link>https://www.bankofcanada.ca/?p=238471</link>
</groupDetail>
<seriesDetail>
<series id="FSR_2024_C3_S1">
<label>All mortgages</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
<series id="FSR_2024_C3_S2">
<label>Variable-rate mortgages with variable payments</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
<series id="FSR_2024_C3_S3">
<label>Variable-rate mortgages with fixed payments</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
<series id="FSR_2024_C3_S4">
<label>Fixed-rate mortgages with a term of less than 5 years</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
<series id="FSR_2024_C3_S5">
<label>Fixed-rate mortgages with a term of 5 years or more</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
</seriesDetail>
<observations>
<o d="2022-12-31"><v s="FSR_2024_C3_S5">11.86</v><v s="FSR_2024_C3_S2">12.14</v><v s="FSR_2024_C3_S4">7.11</v><v s="FSR_2024_C3_S3">9.06</v><v s="FSR_2024_C3_S1">8.24</v></o>
<o d="2023-12-31"><v s="FSR_2024_C3_S1">21.43</v><v s="FSR_2024_C3_S5">15.34</v><v s="FSR_2024_C3_S2">48.96</v><v s="FSR_2024_C3_S4">22.57</v><v s="FSR_2024_C3_S3">34.39</v></o>
<o d="2024-12-31"><v s="FSR_2024_C3_S3">30.88</v><v s="FSR_2024_C3_S5">18.37</v><v s="FSR_2024_C3_S4">24.66</v><v s="FSR_2024_C3_S2">42.72</v><v s="FSR_2024_C3_S1">22.00</v></o>
<o d="2025-12-31"><v s="FSR_2024_C3_S3">52.22</v><v s="FSR_2024_C3_S2">40.52</v><v s="FSR_2024_C3_S4">23.23</v><v s="FSR_2024_C3_S1">24.88</v><v s="FSR_2024_C3_S5">22.55</v></o>
<o d="2026-12-31"><v s="FSR_2024_C3_S3">61.85</v><v s="FSR_2024_C3_S2">46.06</v><v s="FSR_2024_C3_S4">19.26</v><v s="FSR_2024_C3_S1">31.88</v><v s="FSR_2024_C3_S5">25.75</v></o>
</observations>
</data>