rates · Frozen publication data
Borrowers dumped the 5-year fixed for 3-year terms and variable
Share of newly extended mortgages at chartered banks by term, January 2020 to June 2026
Unit: percent of new mortgages
Jun 2026Variable 36%Fixed 3 to <5 years 39%Fixed 5+ years 10%Fixed 1 to <3 years 10%Fixed <1 year 5%
In June 2026, 39% of new bank mortgages were 3-to-5-year fixed and 36% were variable. Only 10% were 5-year fixed or longer, down from 46% in January 2020.
Source: CMHC, Residential Mortgage Industry Report, Fall 2026, figure 9 (Bank of Canada / Statistics Canada table 10-10-0006-01, CMHC calculations). Reference: 2026-06. Released 2026-10-27. Retrieved 2026-10-27.
Not seasonally adjusted · Newly extended mortgages include purchases, refinances and renewals at chartered banks.
View accessible data table · 5 series, 78 observations
Showing the latest 12 observations.
| Period | Variable | Fixed 3 to <5 years | Fixed 5+ years | Fixed 1 to <3 years | Fixed <1 year |
|---|---|---|---|---|---|
| Jul 2025 | 25% | 39% | 19% | 12% | 5% |
| Aug 2025 | 24% | 43% | 17% | 11% | 5% |
| Sep 2025 | 29% | 42% | 13% | 11% | 6% |
| Oct 2025 | 37% | 38% | 10% | 10% | 5% |
| Nov 2025 | 43% | 32% | 10% | 10% | 5% |
| Dec 2025 | 45% | 32% | 10% | 9% | 4% |
| Jan 2026 | 42% | 34% | 10% | 9% | 4% |
| Feb 2026 | 42% | 35% | 11% | 9% | 3% |
| Mar 2026 | 36% | 39% | 12% | 9% | 4% |
| Apr 2026 | 29% | 45% | 12% | 11% | 4% |
| May 2026 | 32% | 42% | 11% | 10% | 5% |
| Jun 2026 | 36% | 39% | 10% | 10% | 5% |
Homies Research · CMHC Fall 2026 mortgage report, explained ↗