The invisible discount

How far below posted Canadians actually sign

Median 5-year fixed rate signed vs the Bank of Canada posted rate, in percentage points off the sticker. Higher is a bigger discount.

0.0%0.5%1.0%1.5%2.0%2.5%3.0%3.5%4.0% 2007201020122014201620182020202220242026

Source: Unposted. Real Canadian mortgage rates since 2007.