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NOTE: After 1973 the rate shown is the typical posted rate from the last Wednesday in the month. Prior to 1973 the conventional mortgage rate shown is a simple average of rates charged by the majority of large institutional lenders, including chartered banks, for residential mortgage loans as of mid-month. Between 1967 and 1970 the average rate shown includes rates for twenty-five year mortgages. All data is courtesy of the Bank of Canada.
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