Hey everyone, I’m doing some research on Canadian mortgage trends and I’m really curious about the 5-year fixed rates. Does anyone have info on how these rates have changed from way back in 1975 up until now? Even better, are there any predictions for what they might look like up to 2025?
I’ve heard that rates used to be super high in the 80s, but I’m not sure about the exact numbers. It would be great to see how they’ve fluctuated over time and if there are any clear patterns.
If you’ve got any data, charts, or even personal experiences with these rates over the years, I’d love to hear about it. Thanks for any help you can offer!
wow, thats a huge timespan! i remember my parents talking about crazy high rates in the 80s, like 18-20%! nowadays were looking at around 5-6%. as for predictions, its anyones guess but some experts think rates might settle around 4-5% by 2025. dont quote me on that tho, the markets always full of surprises!
I’ve been tracking mortgage rates for years, and the changes are indeed fascinating. In the late 70s and early 80s, rates skyrocketed due to inflation, peaking around 21% in 1981. It was a tough time for homebuyers. Since then, we’ve seen a general downward trend, with some fluctuations. By the early 2000s, rates had dropped to about 7-8%, and they’ve mostly stayed below that since. As for projections to 2025, it’s challenging to predict accurately. Economic factors, government policies, and global events all play a role. While some analysts suggest rates might stabilize around 4-5%, it’s crucial to remember that forecasts can be unreliable. Always best to consult with financial advisors for current market insights.
Fascinating topic! Have you considered how global events might impact these rates? I’m curious about the relationship between economic crises and mortgage trends. Do you think we’ll see another spike like the 80s, or are we in a more stable era now? What factors do you think will shape rates in the coming years?