Forestry Financing
Loan term (months) | 12 | 24 | 36 | 48 | 60 | 84 |
---|---|---|---|---|---|---|
Interest rate reduction (%) | 0.30 | 0.35 | 0.40 | 0.45 | 0.50 | 0.60 |
Updated on March 18, 2024
Average 5-year mortgage rate1 | Average 5-year savings bond rate1 | Difference | Reduction in applicable rate2 | Start of application period | End of application period |
---|---|---|---|---|---|
6.84000 | 3.55401 | 3.2859 | Yes | 2024-03-01 | 2024-03-31 |
6.88193 | 3.35640 | 3.5255 | Yes | 2024-02-01 | 2024-02-29 |
7.09000 | 3.27863 | 3.8113 | Yes | 2024-01-01 | 2024-01-31 |
7.09000 | 3.78116 | 3.3088 | Yes | 2023-12-01 | 2023-12-31 |
6.99000 | 4.17864 | 2.8113 | Yes | 2023-11-01 | 2023-11-30 |
6.79000 | 4.00330 | 2.7867 | Yes | 2023-10-01 | 2023-10-31 |
6.79000 | 3.89477 | 2.8952 | Yes | 2023-09-01 | 2023-09-30 |
6.49000 | 3.71135 | 2.7786 | Yes | 2023-08-01 | 2023-08-31 |
6.49000 | 3.54938 | 2.9406 | Yes | 2023-07-01 | 2023-07-31 |
6.49000 | 3.13170 | 3.3583 | Yes | 2023-06-01 | 2023-06-30 |
6.49000 | 2.97308 | 3.5169 | Yes | 2023-05-01 | 2023-05-31 |
6.49000 | 3.03508 | 3.4549 | Yes | 2023-04-01 | 2023-04-30 |
Average 5-year mortgage rate1 | Average 5-year savings bond rate1 | Difference | Reduction in applicable rate2 | Start of application period | End of application period |
---|---|---|---|---|---|
6.92275 | 3.55401 | 3.3687 | Yes | 2024-03-01 | 2024-03-31 |
6.95451 | 3.35640 | 3.5981 | Yes | 2024-02-01 | 2024-02-29 |
7.09000 | 3.27863 | 3.8113 | Yes | 2024-01-01 | 2024-01-31 |
7.09000 | 3.78116 | 3.3088 | Yes | 2023-12-01 | 2023-12-31 |
7.09000 | 4.17864 | 2.9113 | Yes | 2023-11-01 | 2023-11-30 |
6.90333 | 4.00330 | 2.9000 | Yes | 2023-10-01 | 2023-10-31 |
6.82225 | 3.89477 | 2.9274 | Yes | 2023-09-01 | 2023-09-30 |
6.62064 | 3.71135 | 2.9092 | Yes | 2023-08-01 | 2023-08-31 |
6.49000 | 3.54938 | 2.9406 | Yes | 2023-07-01 | 2023-07-31 |
6.49000 | 3.13170 | 3.3583 | Yes | 2023-06-01 | 2023-06-30 |
6.49000 | 2.97308 | 3.5169 | Yes | 2023-05-01 | 2023-05-31 |
6.49000 | 3.03508 | 3.4549 | Yes | 2023-04-01 | 2023-04-30 |
Average 5-year mortgage rate1 | Average 5-year savings bond rate1 | Difference | Reduction in applicable rate2 | Start of application period | End of application period |
---|---|---|---|---|---|
6.88827 | 3.55401 | 3.3342 | Yes | 2024-03-01 | 2024-03-31 |
7.04000 | 3.35640 | 3.6836 | Yes | 2024-02-01 | 2024-02-29 |
6.82709 | 3.27863 | 3.5484 | Yes | 2024-01-01 | 2024-01-31 |
6.49000 | 3.78116 | 2.7088 | Yes | 2023-12-01 | 2023-12-31 |
6.49000 | 4.17864 | 2.3113 | Yes | 2023-11-01 | 2023-11-30 |
6.49000 | 4.00330 | 2.4867 | Yes | 2023-10-01 | 2023-10-31 |
6.49000 | 3.89477 | 2.5952 | Yes | 2023-09-01 | 2023-09-30 |
6.49000 | 3.71135 | 2.7786 | Yes | 2023-08-01 | 2023-08-31 |
6.49000 | 3.54938 | 2.9406 | Yes | 2023-07-01 | 2023-07-31 |
6.49000 | 3.13170 | 3.3583 | Yes | 2023-06-01 | 2023-06-30 |
6.49000 | 2.97308 | 3.5169 | Yes | 2023-05-01 | 2023-05-31 |
6.49000 | 3.03508 | 3.4549 | Yes | 2023-04-01 | 2023-04-30 |
Average 5-year mortgage rate1 | Average 5-year savings bond rate1 | Difference | Reduction in applicable rate2 | Start of application period | End of application period |
---|---|---|---|---|---|
6.84862 | 3.55401 | 3.2946 | Yes | 2024-03-01 | 2024-03-31 |
6.96258 | 3.35640 | 3.6061 | Yes | 2024-02-01 | 2024-02-29 |
7.04000 | 3.27863 | 3.7613 | Yes | 2024-01-01 | 2024-01-31 |
7.04000 | 3.78116 | 3.2588 | Yes | 2023-12-01 | 2023-12-31 |
7.03354 | 4.17864 | 2.8549 | Yes | 2023-11-01 | 2023-11-30 |
6.84000 | 4.00330 | 2.8367 | Yes | 2023-10-01 | 2023-10-31 |
6.71741 | 3.89477 | 2.8226 | Yes | 2023-09-01 | 2023-09-30 |
6.49000 | 3.71135 | 2.7786 | Yes | 2023-08-01 | 2023-08-31 |
6.49000 | 3.54938 | 2.9406 | Yes | 2023-07-01 | 2023-07-31 |
6.49000 | 3.13170 | 3.3583 | Yes | 2023-06-01 | 2023-06-30 |
6.49000 | 2.97308 | 3.5169 | Yes | 2023-05-01 | 2023-05-31 |
6.49000 | 3.03508 | 3.4549 | Yes | 2023-04-01 | 2023-04-30 |
Average 5-year mortgage rate1 | Average 5-year savings bond rate1 | Difference | Reduction in applicable rate2 | Start of application period | End of application period |
---|---|---|---|---|---|
6.79000 | 3.55401 | 3.2359 | Yes | 2024-03-01 | 2024-03-31 |
6.86741 | 3.35640 | 3.5110 | Yes | 2024-02-01 | 2024-02-29 |
7.08193 | 3.27863 | 3.8033 | Yes | 2024-01-01 | 2024-01-31 |
7.14000 | 3.78116 | 3.3588 | Yes | 2023-12-01 | 2023-12-31 |
7.14000 | 4.17864 | 2.9613 | Yes | 2023-11-01 | 2023-11-30 |
6.96666 | 4.00330 | 2.9633 | Yes | 2023-10-01 | 2023-10-31 |
6.86741 | 3.89477 | 2.9726 | Yes | 2023-09-01 | 2023-09-30 |
6.64483 | 3.71135 | 2.9334 | Yes | 2023-08-01 | 2023-08-31 |
6.36000 | 3.54938 | 2.8106 | Yes | 2023-07-01 | 2023-07-31 |
6.29000 | 3.13170 | 3.1583 | Yes | 2023-06-01 | 2023-06-30 |
6.29000 | 2.97308 | 3.3169 | Yes | 2023-05-01 | 2023-05-31 |
6.29000 | 3.03508 | 3.2549 | Yes | 2023-04-01 | 2023-04-30 |
Average 5-year mortgage rate1 | Average 5-year savings bond rate1 | Difference | Reduction in applicable rate2 | Start of application period | End of application period |
---|---|---|---|---|---|
6.79000 | 3.55401 | 3.2359 | Yes | 2024-03-01 | 2024-03-31 |
6.94806 | 3.35640 | 3.5916 | Yes | 2024-02-01 | 2024-02-29 |
7.04000 | 3.27863 | 3.7613 | Yes | 2024-01-01 | 2024-01-31 |
7.04000 | 3.78116 | 3.2588 | Yes | 2023-12-01 | 2023-12-31 |
6.98193 | 4.17864 | 2.8032 | Yes | 2023-11-01 | 2023-11-30 |
6.84000 | 4.00330 | 2.8367 | Yes | 2023-10-01 | 2023-10-31 |
6.56903 | 3.89477 | 2.6742 | Yes | 2023-09-01 | 2023-09-30 |
6.52064 | 3.71135 | 2.8092 | Yes | 2023-08-01 | 2023-08-31 |
6.38000 | 3.54938 | 2.8306 | Yes | 2023-07-01 | 2023-07-31 |
6.34000 | 3.13170 | 3.2083 | Yes | 2023-06-01 | 2023-06-30 |
6.34000 | 2.97308 | 3.3669 | Yes | 2023-05-01 | 2023-05-31 |
6.34000 | 3.03508 | 3.3049 | Yes | 2023-04-01 | 2023-04-30 |
Average 5-year mortgage rate1 | Average 5-year savings bond rate1 | Difference | Reduction in applicable rate2 | Start of application period | End of application period |
---|---|---|---|---|---|
6.84000 | 3.55401 | 3.2859 | Yes | 2024-03-01 | 2024-03-31 |
7.04000 | 3.35640 | 3.6836 | Yes | 2024-02-01 | 2024-02-29 |
7.04000 | 3.27863 | 3.7613 | Yes | 2024-01-01 | 2024-01-31 |
7.04000 | 3.78116 | 3.2588 | Yes | 2023-12-01 | 2023-12-31 |
7.04000 | 4.17864 | 2.8613 | Yes | 2023-11-01 | 2023-11-30 |
6.86000 | 4.00330 | 2.8567 | Yes | 2023-10-01 | 2023-10-31 |
6.69806 | 3.89477 | 2.8032 | Yes | 2023-09-01 | 2023-09-30 |
6.34967 | 3.71135 | 2.6383 | Yes | 2023-08-01 | 2023-08-31 |
6.34000 | 3.54938 | 2.7906 | Yes | 2023-07-01 | 2023-07-31 |
6.34000 | 3.13170 | 3.2083 | Yes | 2023-06-01 | 2023-06-30 |
6.34000 | 2.97308 | 3.3669 | Yes | 2023-05-01 | 2023-05-31 |
6.34000 | 3.03508 | 3.3049 | Yes | 2023-04-01 | 2023-04-30 |
Average 5-year mortgage rate1 | Average 5-year savings bond rate1 | Difference | Reduction in applicable rate2 | Start of application period | End of application period |
---|---|---|---|---|---|
6.84000 | 3.55401 | 3.2859 | Yes | 2024-03-01 | 2024-03-31 |
6.91096 | 3.35640 | 3.5545 | Yes | 2024-02-01 | 2024-02-29 |
7.06258 | 3.27863 | 3.7839 | Yes | 2024-01-01 | 2024-01-31 |
7.14000 | 3.78116 | 3.3588 | Yes | 2023-12-01 | 2023-12-31 |
7.11096 | 4.17864 | 2.9323 | Yes | 2023-11-01 | 2023-11-30 |
6.84000 | 4.00330 | 2.8367 | Yes | 2023-10-01 | 2023-10-31 |
6.73838 | 3.89477 | 2.8436 | Yes | 2023-09-01 | 2023-09-30 |
6.49000 | 3.71135 | 2.7786 | Yes | 2023-08-01 | 2023-08-31 |
6.49000 | 3.54938 | 2.9406 | Yes | 2023-07-01 | 2023-07-31 |
6.49000 | 3.13170 | 3.3583 | Yes | 2023-06-01 | 2023-06-30 |
6.49000 | 2.97308 | 3.5169 | Yes | 2023-05-01 | 2023-05-31 |
6.49000 | 3.03508 | 3.4549 | Yes | 2023-04-01 | 2023-04-30 |
Notes:
1 For the month preceding the start of the application period.
2 The mortgage interest rate reduction applies if, during the 3 months preceding the month when the rates are set, the monthly difference between the average residential mortgage interest rate for a 5-year term and the average 5-year rate of return on Canadian savings bonds is greater than or equal to 1.75%.