National figure — set Canada-wide, so it applies in Windsor too.
The typical interest rate on a 5-year fixed mortgage. This is the rate most Canadian home buyers lock in. A lower rate means lower monthly payments and more buying power.
Recent trend
Last 24 months
What this means for Windsor right now
As of July 2026, Windsor's strongest market signal is Hold at 69% — Buy 47%, Hold 69%, Sell 47%.
Market conditions currently favour holding — prices are stable and inventory is balanced.
What this means for you
If you're buying
A lower rate means lower monthly payments and more home for the same budget. A higher rate shrinks what you can comfortably afford.
If you're selling
Cheaper financing widens your pool of qualified buyers; pricier financing narrows it.
Windsor market context
Ontario's southernmost city — a cross-border auto-industry hub across the river from Detroit, and among the province's most affordable markets.
Rental Vacancy · Windsor CMA (CMHC, annual)
3.6%
Unemployment Rate · Ontario (Statistics Canada)
7.9%
Common questions
Is now a good time to buy in Windsor?
As of July 2026, Windsor's strongest market signal is Hold (69%). Market conditions currently favour holding — prices are stable and inventory is balanced. Not financial advice.
Why is the 5-year fixed so common in Canada?
It balances payment certainty with a manageable term — your rate is locked for five years, after which you renew.
What drives the 5-year fixed rate?
It tracks 5-year Government of Canada bond yields more closely than the Bank of Canada overnight rate.