The Graph(s) below show you interest rate trends in the pastThis is a graphical representation of Historical Canadian mortgage interest rates from 1979 to date. From 1979 to 1994 the rate shown is the average 5 year mortgage rate posted at the major Canadian Banks, and then rates shown ar...
000 in 1949, to $200,000 in 1979, and to $400,000 in 2001. These rises appear as sharp spikes in the graph below. After each one of these increases, the real value of the presidential salary has been gradually eroded by inflation, except during the deflationary 1930s...
Families face uncertainty over future interest rates when they take on a fixed or a floating rate mortgage. Firms often estimate consumer preferences when they develop new products. An uncertain future is a part of all decision making, but too much uncertainty discourages people from undertaking ...