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Northline The Ripple

The policy rate and the posted five-year mortgage rate

Posted rates are a guide; borrowers usually pay less.

The 2022–23 tightening201920202021202220232024202520260.0%2.0%4.0%6.0%8.0%6.19%Posted five-year2.50%Policy rate

Established mechanism Reviewed by Hamza Abdi

Source: Bank of Canada. Bank of Canada target for the overnight rate (V39079); Posted five-year conventional mortgage rate (V80691335).

Bank of Canada: Bank of Canada terms of use. Values unchanged. Retrieved 2026-11-07.

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