Mr. Matthew Emde at the Finance Committee

On June 15th, 2023. See this statement in context.

June 15th, 2023 / 11:50 a.m.

Senior Director, Demand and Labour Analysis, Economic Analysis and Forecasting Division, Economic Policy Branch, Department of Finance

Matthew Emde

I have those statistics.

The Bank of Canada, in its “Financial System Review”, has them publicly. As of February, 2023, the share of the stock and mortgages that had variable payments was 9%. The share that had variable rate fixed payments was 17%, and the rest were fixed rates.

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