<?xml version="1.0" encoding="UTF-8"?>
<data>
<terms url="https://www.bankofcanada.ca/terms/"></terms>
<groupDetail>
    <label>The average payment increase for mortgages renewing in 2025–26 will be smaller than was anticipated last year</label>
    <description><![CDATA[Average change in mortgage payments at renewal (in percent, compared with December 2023 payments)

The mortgage interest rates used in calculations for 2025 are based on market expectations for interest rates as at April 28, 2025. The mortgage interest rates used in calculations for 2024 are based on market expectations for interest rates as at April 25, 2024.

Regulatory filings of Canadian banks and Bank of Canada calculations]]></description>
    <link>https://www.bankofcanada.ca/?p=245718</link>
</groupDetail>
<seriesDetail>
<series id="FSR_2025_C2_S01">
<label>2024 Report—All mortgages</label>
<description></description>
<dimension key="k" name="Category"/>
</series>
<series id="FSR_2025_C2_S02">
<label>2025 Report—All mortgages</label>
<description></description>
<dimension key="k" name="Category"/>
</series>
<series id="FSR_2025_C2_S03">
<label>2024 Report—Variable-rate mortgages with variable payments</label>
<description></description>
<dimension key="k" name="Category"/>
</series>
<series id="FSR_2025_C2_S04">
<label>2025 Report—Variable-rate mortgages with variable payments</label>
<description></description>
<dimension key="k" name="Category"/>
</series>
<series id="FSR_2025_C2_S05">
<label>2024 Report—Variable-rate mortgages with fixed payments</label>
<description></description>
<dimension key="k" name="Category"/>
</series>
<series id="FSR_2025_C2_S06">
<label>2025 Report—Variable-rate mortgages with fixed payments</label>
<description></description>
<dimension key="k" name="Category"/>
</series>
<series id="FSR_2025_C2_S07">
<label>2024 Report—Fixed-rate mortgages with a term of less than 5 years</label>
<description></description>
<dimension key="k" name="Category"/>
</series>
<series id="FSR_2025_C2_S08">
<label>2025 Report—Fixed-rate mortgages with a term of less than 5 years</label>
<description></description>
<dimension key="k" name="Category"/>
</series>
<series id="FSR_2025_C2_S09">
<label>2024 Report—Fixed-rate mortgages with a term of 5 years or more</label>
<description></description>
<dimension key="k" name="Category"/>
</series>
<series id="FSR_2025_C2_S10">
<label>2025 Report—Fixed-rate mortgages with a term of 5 years or more</label>
<description></description>
<dimension key="k" name="Category"/>
</series>
</seriesDetail>
<observations>
<o k="Second half of 2024"><v s="FSR_2025_C2_S01">15.3</v><v s="FSR_2025_C2_S02">10.4</v><v s="FSR_2025_C2_S03">-1.4</v><v s="FSR_2025_C2_S04">-5.8</v><v s="FSR_2025_C2_S05">17.0</v><v s="FSR_2025_C2_S06">10.4</v><v s="FSR_2025_C2_S07">11.9</v><v s="FSR_2025_C2_S08">7.0</v><v s="FSR_2025_C2_S09">19.0</v><v s="FSR_2025_C2_S10">14.3</v></o>
<o k="2025"><v s="FSR_2025_C2_S01">14.3</v><v s="FSR_2025_C2_S02">8.2</v><v s="FSR_2025_C2_S03">-5.1</v><v s="FSR_2025_C2_S04">-15.6</v><v s="FSR_2025_C2_S05">19.1</v><v s="FSR_2025_C2_S06">3.5</v><v s="FSR_2025_C2_S07">6.5</v><v s="FSR_2025_C2_S08">2.6</v><v s="FSR_2025_C2_S09">21.4</v><v s="FSR_2025_C2_S10">14.9</v></o>
<o k="2026"><v s="FSR_2025_C2_S01">11.3</v><v s="FSR_2025_C2_S02">5.2</v><v s="FSR_2025_C2_S03">-8.1</v><v s="FSR_2025_C2_S04">-18.8</v><v s="FSR_2025_C2_S05">25.9</v><v s="FSR_2025_C2_S06">7.6</v><v s="FSR_2025_C2_S07">-1.2</v><v s="FSR_2025_C2_S08">-2.6</v><v s="FSR_2025_C2_S09">24.9</v><v s="FSR_2025_C2_S10">19.1</v></o>
</observations>
</data>