Variable-rate mortgages lower than prime
Don’t wait for the prime rate to go up. Secure a great mortgage rate below prime today.
Prime Mortgage Rate History
Historical Prime Mortgage Rate (1935-Today)
The Prime rate is the basis for all variable mortgage rates in Canada. If prime increases, your mortgage rate increases. If you'd like to access the data for the charts you can download that here.
Historical Prime Mortgage Rates From 1935 - Today
Best fixed rates
4.94%
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Historical Prime Mortgage Rate vs. the Overnight Rate
The prime rate is driven by the overnight rate as set by the Bank of Canada. The overnight rate is rate at which banks lend to each other. If you'd like to access the data for the charts you can download that here.
Prime vs Overnight Rate From 2000 - Today
Historical Adjustment to Prime Rate
Today variable mortgage rates are listed as Prime +/- a constant. This can either be a discount to prime or a premium. We have captured historical values for this adjustment to prime. If you'd like to access the data for the charts you can license it here.