The impact of higher interest rates on mortgage payments https://www.bankofcanada.ca/?p=236203 Policy interest rate 2-year Government of Canada bond yields 5-year Government of Canada bond yields Fixed rate with a term of less than 5 years Fixed rate with a term of 5 years or longer Variable rate, fixed payments Variable rate, variable payments Total Fixed rate with a term of less than 5 years Fixed rate with a term of 5 years or longer Variable rate, fixed payments Variable rate, variable payments Total Fixed rate with a term of less than 5 years Fixed rate with a term of 5 years or longer Variable rate, fixed payments Variable rate, variable payments Total Fixed rate with a term of less than 5 years Fixed rate with a term of 5 years or longer Variable rate, fixed payments Variable rate, variable payments Total 1.000.951.55 1.001.001.62 1.001.071.71 1.001.061.67 1.001.051.53 1.001.101.53 1.001.101.52 1.001.101.52 1.001.131.63 1.001.021.54 1.000.951.36 1.001.011.34 0.750.450.70 0.750.500.78 0.750.510.77 0.750.680.98 0.750.570.88 0.750.490.81 0.500.410.76 0.500.440.77 0.500.530.81 0.500.570.88 0.500.630.91 0.500.480.73 0.500.420.67 0.500.510.66 0.500.540.68 0.500.670.85 0.500.610.74 0.500.520.57 0.500.540.60 0.500.580.66 0.500.520.62 0.500.550.69 0.500.701.00 0.500.761.13 0.500.771.11 0.500.741.09 0.500.751.12 0.500.721.00 0.500.690.94 0.501.091.38 0.751.311.65 0.751.271.53 1.001.541.78 1.001.391.62 1.001.431.63 1.001.681.86 1.251.842.08 1.251.782.04 1.251.771.96 1.251.892.11 1.251.902.10 1.251.852.01 1.502.072.22 1.502.062.16 1.502.212.33 1.752.332.42 1.752.162.20 1.751.861.88 1.751.771.78 1.751.781.82 1.751.551.52 1.751.561.54 1.751.431.36 1.751.471.39 1.751.551.46 1.751.341.18 1.751.581.40 1.751.521.42 1.751.591.50 1.751.691.68 1.751.431.29 1.251.251.14 0.250.420.60 0.250.300.38 0.250.280.39 0.250.280.36 0.250.260.31 0.250.280.40 0.250.250.36 0.250.250.38 0.250.250.43 0.250.200.39 0.250.150.43 0.250.300.88 0.250.220.99 0.250.300.93 0.250.320.90 0.250.450.97 0.250.450.81 0.250.430.84 0.250.501.09 0.251.081.50 0.250.981.40 0.250.951.25 0.251.281.64 1109115214181327119311091152141813271193 0.251.451.64 1.400.700.5099.606.601111115214281370119811111152142813701198 0.502.272.39 2.901.601.2099.807.701115115414381450120711151154143814501207 1.002.532.66 5.902.402.0099.609.101119115714501463121311191157145014631213 1.002.672.72 9.703.403.2099.9010.901126116014661550122411261160146615501224 1.503.103.10 13.704.504.60100.0013.001133116314811719123811331163148117191239 2.502.962.66 17.605.705.70100.0014.901141116414951732124511411164149517321245 2.503.643.34 21.606.8011.90100.0017.701150116515111864125511501165151118641255 3.253.753.24 25.507.7015.70100.0020.001163116615311956126511631166153119561265 3.753.923.43 29.308.6016.80100.0021.801177116715411964127011771167154119641270 3.753.893.18 33.109.3023.00100.0024.301191116815672060128111901168156720601281 4.254.013.37 36.5010.0027.10100.0026.401201116915852110128812011169158521091288 4.503.763.04 39.9010.7028.20100.0028.001213116915902114129212131169159021141292 4.504.213.52 43.0011.5028.80100.0029.501229117015952118129712291170159521181297 4.503.743.02 45.3012.1029.50100.0030.601245117115992122130212451171159921221302 4.503.652.97 47.7012.8030.40100.0031.901267117316042129130812671173160521291308 4.504.223.44 50.7013.7033.00100.0033.801298117616252183132112981176162621831321 4.754.583.68 54.1014.7036.50100.0035.901327118016512239133413271180165322391335 5.004.673.90 57.3015.5038.60100.0037.701357118416642248134513571184166722481345 5.004.643.89 60.0016.3040.30100.0039.201377118816752255135313771188167822551353 5.004.914.30 62.1016.7041.50100.0040.301383118916832255135613831189169122691357 5.004.634.12 64.2017.5042.70100.0041.501390119116912256136013911191170022691362 5.004.203.64 66.3018.4043.80100.0042.701397119316982256136413981194170822691366 5.004.143.47 68.2019.1044.70100.0043.801403119417042256136814051195171522691370 5.004.063.43 70.2019.7045.60100.0044.901408119617102241137014111197172122691374 4.923.983.40 72.1020.7047.00100.0046.201414119717162214137314181199172622691378 4.773.913.37 74.2021.8048.40100.0047.601421119917212200137614261201173222691382 4.693.833.33 76.2023.2049.70100.0049.101429120217272185138014361204173822691387 4.613.763.30 77.7025.1051.00100.0050.601436120617322171138514451209174322701393 4.533.713.28 79.2027.0052.20100.0052.201443121017362159139014551215175022701400 4.463.653.25 80.6029.1053.50100.0053.801450121517412132139514641221175622701407 4.313.603.23 81.8031.5054.70100.0055.501456122117462119140014721228176222701414 4.233.543.21 83.1033.6055.80100.0057.001462122617492105140514801234176722701421 4.153.493.18 84.5035.9056.90100.0058.701469123217532073141014891241177322701429 3.973.433.16 86.0038.2058.00100.0060.401476123817572058141514991248177922701437 3.883.403.15 87.6040.2059.20100.0062.001482124317612044142015091254178522711444 3.803.363.14 89.3042.0060.40100.0063.601490124717652052142515191259179222711451 3.843.333.13 91.0043.8061.60100.0065.101496125117692036143015301264179922711458 3.753.293.12 92.4045.9062.90100.0066.701503125617772030143615401271180922711467 3.713.263.11 93.6048.2064.40100.0068.401508126317882025144215491279182422721476 3.683.223.11 94.3050.7065.90100.0070.101513126917982021144815571287183922721485 3.653.193.10 95.1053.6067.70100.0071.901517127718102016145515661297185622721495 3.623.153.09 95.8056.8069.30100.0073.801521128618222008146315731307187422731506 3.573.123.08 96.4059.8071.10100.0075.701524129518341999147115801319189522731517 3.513.083.07 97.1063.0073.00100.0077.701527130518461991147915871332191722741529 3.463.053.06 97.6066.2074.80100.0079.601529131718591993148915931347193922751542 3.473.013.05 98.1069.2076.30100.0081.401532132818671984149615981360195422751553 3.413.003.05 98.5071.9077.70100.0083.001533133818771976150316031372197222761564 3.362.993.06 98.8074.1078.90100.0084.301534134618871967150916071382199122761573 3.302.993.06 99.2076.3080.10100.0085.601535135418991952151416111392201122771583 3.202.983.06 99.4079.0081.60100.0087.101536136419141944152216161405204022781595 3.152.973.07 99.6081.2083.40100.0088.501537137319341937152916201416207622791606 3.102.963.07 99.6083.3085.20100.0089.801537138119531930153516261425211622801617 3.052.953.07 99.7085.5087.20100.0091.201538138919771924154316331436216122811630 3.012.943.08 99.7087.6089.10100.0092.401537139419981911154716381443219822821640 2.922.943.08 99.7089.4090.90100.0093.501535139920221905155316421449223522821648 2.882.933.08 99.7091.0092.50100.0094.501534140320401900155816441454226222841654 2.792.923.09 99.7092.7094.10100.0095.601534140820601893156016451460229522851662 2.792.913.09 99.7094.5095.70100.0096.701534141320801887156516471467232922851669 2.752.923.10 99.8096.2097.00100.0097.701533141720971882156916481472235822861676 2.712.933.11 99.8097.6098.10100.0098.501533142121131878157216491476238622871681 2.682.933.12 99.8098.9099.30100.0099.301533142421301875157616501480241422881687 2.662.943.13 99.8099.1099.60100.0099.401533142821501877158016511485244822891694 2.672.953.14 99.8099.2099.70100.0099.501533143121631879158416521490247322901700 2.682.963.15 99.8099.2099.80100.0099.501533143521761883158816531494250022911706 2.702.963.15 99.8099.3099.90100.0099.601533143821861888159116551498252522921711 2.732.973.16 99.8099.3099.90100.0099.601533144021891899159316571501254322931715 2.802.983.17 99.8099.30100.00100.0099.601533144121921900159416581503256022931718 2.802.993.18 99.8099.40100.00100.0099.601533144221921900159416591504257022941720 2.802.993.19 99.8099.40100.00100.0099.601532144321891900159416591505257622951722 2.803.003.20 99.8099.40100.00100.0099.701532144421871901159516601507258022951723 2.803.013.21 0.33.64.14.13.2 2.74.47.36.14.4 4.04.88.46.05.5 1.82.44.42.82.7 -0.40.20.80.80.2 1.11.44.33.21.6 1.81.94.82.82.5 0.40.12.00.60.5