Connecting you to Canada's best mortgage rates

Fran├žais

Prime Mortgage Rate History


Historical prime mortgage rate (1935-2012)

The Prime rate is the basis for all variable mortgage rates in Canada. If prime increases, your mortgage rate increases.

Prime rate
Source: Bank of Canada

Download the CSV file - Historical prime rate

Historical prime mortgage rate vs. overnight rate (2000-2012)

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.

Prime rate
Source: Bank of Canada

Download the CSV file - Prime vs. overnight

Historical adjustment to prime rate (2006-2012)

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

Historical adjustments to prime rate
Source: RateHub.ca

License RateHub's dataset for historical discount to prime