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Canadian Conventional Mortgage Lending Rates
Data Science and Analytics
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About
A historical overview of conventional mortgage lending rates in Canada, specifically focusing on the 5-year term. Sourced from the Canada Mortgage and Housing Corporation (CMHC), this dataset offers a detailed, monthly view of how mortgage rates have evolved over more than seven decades. It serves as an invaluable resource for understanding long-term trends in the Canadian housing market.
Columns
- REF_DATE: The reference date for the mortgage rate data, formatted as YYYY-MM.
- GEO: The geographical location, which is consistently "Canada".
- DGUID: A unique code used to identify the dataset.
- UOM: The unit of measurement for the mortgage rate, which is "Percent".
- UOM_ID: The unique identifier for the unit of measurement.
- SCALAR_FACTOR: The scalar factor applied to the data, indicated as "units".
- SCALAR_ID: The unique identifier for the scalar factor.
- VECTOR: A unique code used to identify the specific data point.
- COORDINATE: The coordinate identifier used to locate the data point.
- VALUE: The actual value of the 5-year conventional mortgage lending rate, presented in percentage points.
- STATUS: The status of the data point (e.g., estimate, actual). This column is empty.
- SYMBOL: A symbol associated with the data point for additional identification. This column is empty.
- TERMINATED: Indicates if the data point is terminated or ongoing. This column is empty.
- DECIMALS: The number of decimal places used for the mortgage rate value.
Distribution
The dataset is provided in a single CSV file named
mortgage_lending_rates.csv with a size of 87.22 kB. It is a tabular dataset containing 14 columns and 886 records.Usage
This dataset is ideal for analysing the impact of mortgage rates on the Canadian economy, including housing market fluctuations and consumer spending. It can also be used for financial planning, historical research into economic stability, and to inform strategic decisions for financial institutions and real estate developers.
Coverage
The data covers the entirety of Canada with a temporal scope from January 1951 to October 2024. The data is updated on a monthly basis.
License
CC0: Public Domain
Who Can Use It
- Economists for analysing macroeconomic trends and their relationship with the housing market.
- Financial Planners to provide insights into optimal mortgage strategies for clients.
- Policymakers for monitoring and adjusting housing and financial policies.
- Researchers to explore long-term trends in the Canadian housing market.
- Investors to inform financial strategies related to real estate.
Dataset Name Suggestions
- Historical Canadian 5-Year Mortgage Rates (1951-2024)
- Canadian Conventional Mortgage Lending Rates
- Monthly Mortgage Rate Trends in Canada
- Canada 5-Year Fixed Mortgage Rates: A Historical View
Attributes
Original Data Source: Canadian Conventional Mortgage Lending Rates
QUALITY