Average monthly mortgage payments keep rising

EconomicsHousing
Written By FWD EDITORS

Released: Friday, February 27, 2026

The cost of living continues to dominate conversations. And for good reason. Mortgages make up a sizeable portion of household budgets, and it’s typically the single largest monthly expense. Data from the Canada Mortgage and Housing Corporation (CMHC) reveals that the average monthly mortgage payment across Canada reached $1,839 in the third quarter of 2025. Average monthly mortgage payments have been rising steadily since 2019, climbing 43.5% between the first quarter of 2019 and the third quarter of 2025. Many Canadians face mortgage renewals soon, so these numbers could rise because many will renew at higher rates.

 

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FWD EDITORS

We’re a team of data enthusiasts and storytellers. Our goal is to share stories we find interesting in hopes of inspiring others to incorporate data and data visualizations in the stories they create.

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The average Canadian household spent $752 on pet expenses in 2023