History of Canadian Mortgage Rates
Canadian mortgage rates have fluctuated extensively in past decades. Mortgages Canada offers a lens into the past for you to determine how mortgage rates have faired over time, and how the market and central bank have reacted to on-going changes. This resource is aimed at providing you with more details, more information, and more resources for you to determine what choices are best for you and your mortgage.
Mortgage Rates vs Prime Rate
A summary from 1994 to 2010
Source: primerate.ca
Average Residential Mortgage Lending Rate - 5 YEAR*
A summary from 1951 to 2010| year | jan | feb | mar | apr | may | jun | jul | aug | sep | oct | nov | dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1951 | 5 | 5 | 5 | 5.25 | 5.5 | 5.5 | 5.62 | 5.62 | 5.75 | 5.75 | 5.75 | 5.75 |
| 1952 | 5.7 | 5.7 | 5.7 | 5.7 | 5.8 | 5.8 | 5.85 | 5.85 | 5.75 | 5.8 | 5.8 | 5.8 |
| 1953 | 5.9 | 5.9 | 5.9 | 5.9 | 5.9 | 5.95 | 5.95 | 5.95 | 6.05 | 6.05 | 6.1 | 6.1 |
| 1954 | 6.05 | 6.05 | 6.05 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
| 1955 | 6 | 6 | 6 | 6 | 5.75 | 5.75 | 5.75 | 5.7 | 5.8 | 5.9 | 5.95 | 5.95 |
| 1956 | 5.95 | 5.95 | 6 | 6 | 6 | 6.05 | 6.15 | 6.35 | 6.4 | 6.55 | 6.65 | 6.65 |
| 1957 | 6.7 | 6.75 | 6.75 | 6.75 | 6.75 | 6.85 | 6.85 | 6.9 | 7 | 7 | 7 | 6.95 |
| 1958 | 6.95 | 6.9 | 6.8 | 6.75 | 6.75 | 6.75 | 6.75 | 6.75 | 6.75 | 6.8 | 6.8 | 6.8 |
| 1959 | 6.85 | 6.85 | 6.85 | 6.8 | 6.8 | 6.85 | 6.85 | 6.95 | 7.2 | 7.2 | 7.25 | 7.25 |
| 1960 | 7.3 | 7.3 | 7.3 | 7.3 | 7.25 | 7.25 | 7.15 | 7.15 | 7.1 | 7 | 7 | 7 |
| 1961 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
| 1962 | 7 | 7 | 7 | 6.9 | 6.8 | 6.95 | 7 | 7 | 7 | 7 | 7 | 7 |
| 1963 | 7 | 7 | 7 | 6.94 | 6.91 | 6.91 | 6.91 | 7 | 7 | 7 | 7 | 7 |
| 1964 | 7 | 7 | 7 | 6.95 | 6.88 | 6.88 | 6.88 | 7 | 7 | 7 | 7 | 7 |
| 1965 | 6.9 | 6.85 | 6.82 | 6.82 | 6.83 | 6.83 | 7.02 | 7.13 | 7.15 | 7.25 | 7.29 | 7.4 |
| 1966 | 7.38 | 7.45 | 7.46 | 7.48 | 7.51 | 7.57 | 7.68 | 7.8 | 7.84 | 7.87 | 7.91 | 7.95 |
| 1967 | 7.93 | 7.89 | 7.83 | 7.8 | 7.77 | 7.88 | 8.02 | 8.05 | 8.1 | 8.49 | 8.52 | 8.52 |
| 1968 | 8.83 | 8.84 | 8.96 | 9.2 | 9.23 | 9.18 | 9.14 | 9.12 | 9.03 | 9.01 | 9.09 | 9.1 |
| 1969 | 9.45 | 9.45 | 9.48 | 9.52 | 9.46 | 9.69 | 9.9 | 9.99 | 10.11 | 10.21 | 10.3 | 10.5 |
| 1970 | 10.58 | 10.54 | 10.58 | 10.6 | 10.58 | 10.53 | 10.38 | 10.4 | 10.36 | 10.35 | 10.28 | 10.16 |
| 1971 | 9.94 | 9.72 | 9.28 | 9.2 | 9.25 | 9.34 | 9.46 | 9.53 | 9.55 | 9.55 | 9.26 | 9.1 |
| 1972 | 9.04 | 8.93 | 8.97 | 9.03 | 9.16 | 9.37 | 9.41 | 9.41 | 9.38 | 9.35 | 9.3 | 9.22 |
| 1973 | 9.09 | 9.02 | 9.07 | 9.15 | 9.3 | 9.52 | 9.71 | 9.91 | 10.13 | 10.13 | 10.08 | 10.02 |
| 1974 | 10.02 | 10.01 | 10.04 | 10.7 | 11.26 | 11.37 | 11.6 | 11.85 | 12.05 | 12.05 | 12 | 11.88 |
| 1975 | 11.81 | 10.95 | 10.65 | 10.67 | 10.99 | 11.23 | 11.35 | 11.52 | 11.94 | 12.15 | 11.97 | 11.89 |
| 1976 | 11.84 | 11.8 | 11.9 | 12.03 | 11.99 | 11.93 | 11.86 | 11.83 | 11.76 | 11.6 | 11.56 | 11.27 |
| 1977 | 10.75 | 10.25 | 10.25 | 10.25 | 10.38 | 10.35 | 10.4 | 10.33 | 10.32 | 10.34 | 10.34 | 10.33 |
| 1978 | 10.32 | 10.31 | 10.33 | 10.42 | 10.43 | 10.32 | 10.31 | 10.31 | 10.67 | 10.93 | 11.25 | 11.53 |
| 1979 | 11.28 | 11.25 | 11.11 | 11.05 | 11.06 | 11.16 | 11.2 | 11.8 | 12.25 | 13.5 | 14.46 | 13.58 |
| 1980 | 13.26 | 13.5 | 14.69 | 16.94 | 13.99 | 12.92 | 13.09 | 13.44 | 14.5 | 14.87 | 15 | 15.6 |
| 1981 | 15.17 | 15.27 | 15.75 | 16.45 | 17.82 | 18.55 | 18.9 | 21.3 | 21.46 | 20.54 | 18.8 | 17.79 |
| 1982 | 18.21 | 18.97 | 19.41 | 19.28 | 19.11 | 19.1 | 19.22 | 18.72 | 17.49 | 16.02 | 14.79 | 14.34 |
| 1983 | 14.05 | 13.6 | 13.45 | 13.26 | 13.16 | 12.98 | 13.08 | 13.57 | 13.88 | 13.1 | 12.84 | 12.55 |
| 1984 | 12.55 | 12.52 | 12.82 | 13.51 | 14.26 | 14.53 | 14.96 | 14.45 | 13.99 | 13.72 | 13.25 | 12.74 |
| 1985 | 12.44 | 12.57 | 13.43 | 12.77 | 12.38 | 11.89 | 11.75 | 11.77 | 11.85 | 11.96 | 11.75 | 11.61 |
| year | jan | feb | mar | apr | may | jun | jul | aug | sep | oct | nov | dec |
| 1986 | 11.67 | 11.94 | 11.66 | 11.12 | 10.6 | 10.87 | 11.06 | 11 | 11.1 | 11.25 | 11.25 | 11.17 |
| 1987 | 10.85 | 10.46 | 10.2 | 10.39 | 11.04 | 11.26 | 11.26 | 11.49 | 11.72 | 11.97 | 11.49 | 11.56 |
| 1988 | 11.73 | 11.49 | 11.08 | 11.04 | 11.29 | 11.41 | 11.4 | 11.92 | 12.16 | 11.79 | 11.78 | 12.13 |
| 1989 | 12.24 | 12.23 | 12.41 | 12.72 | 12.29 | 11.93 | 11.85 | 11.76 | 11.75 | 11.75 | 11.75 | 11.95 |
| 1990 | 12.01 | 12.42 | 12.92 | 13.67 | 14.21 | 14.03 | 13.97 | 13.56 | 13.4 | 13.21 | 13.04 | 12.49 |
| 1991 | 12.13 | 11.58 | 11.45 | 11.27 | 11.23 | 11.24 | 11.31 | 11.47 | 11.38 | 10.84 | 10.14 | 9.84 |
| 1992 | 9.71 | 9.68 | 10.06 | 10.37 | 10.14 | 9.72 | 9.26 | 8.72 | 8.54 | 9.23 | 9.33 | 9.48 |
| 1993 | 9.47 | 9.44 | 8.97 | 8.89 | 8.88 | 8.86 | 8.68 | 8.58 | 8.57 | 8.55 | 7.84 | 7.71 |
| 1994 | 7.33 | 7.2 | 7.89 | 9.43 | 9.48 | 9.8 | 10.69 | 10.33 | 10.01 | 9.84 | 9.85 | 10.25 |
| 1995 | 10.6 | 10.48 | 9.93 | 9.66 | 8.98 | 8.67 | 8.54 | 8.94 | 8.95 | 8.75 | 8.66 | 8.46 |
| 1996 | 8.02 | 7.79 | 8.16 | 8.48 | 8.47 | 8.48 | 8.48 | 8.01 | 7.94 | 7.5 | 7.01 | 6.94 |
| 1997 | 7.14 | 7.12 | 7.06 | 7.56 | 7.46 | 7.22 | 6.98 | 7 | 6.96 | 6.73 | 6.69 | 6.9 |
| 1998 | 6.9 | 6.84 | 6.84 | 6.79 | 6.92 | 6.9 | 6.9 | 7.08 | 7.32 | 6.73 | 6.94 | 6.69 |
| 1999 | 6.72 | 6.79 | 7.03 | 6.71 | 6.99 | 7.35 | 7.42 | 7.8 | 7.67 | 7.9 | 8.13 | 8.13 |
| 2000 | 8.34 | 8.43 | 8.24 | 8.23 | 8.5 | 8.34 | 8.18 | 8.08 | 8.08 | 8.08 | 8.04 | 7.81 |
| 2001 | 7.58 | 7.52 | 7.19 | 7.22 | 7.38 | 7.47 | 7.46 | 7.39 | 7.03 | 6.74 | 6.51 | 6.64 |
| 2002 | 6.62 | 6.59 | 6.8 | 7 | 7 | 6.98 | 6.9 | 6.61 | 6.49 | 6.5 | 6.47 | 6.39 |
| 2003 | 6.26 | 6.29 | 6.33 | 6.44 | 6.1 | 5.62 | 5.71 | 5.87 | 5.97 | 5.83 | 6.02 | 6 |
| 2004 | 5.78 | 5.51 | 5.31 | 5.56 | 5.82 | 6.06 | 6.1 | 5.97 | 5.94 | 5.95 | 5.87 | 5.69 |
| 2005 | 5.6 | 5.59 | 5.6 | 5.67 | 5.55 | 5.31 | 5.26 | 5.32 | 5.3 | 5.39 | 5.56 | 5.6 |
| 2006 | 5.65 | 5.75 | 5.78 | 5.88 | 6.05 | 6.12 | 6.26 | 6.24 | 6.13 | 6.01 | 5.99 | 5.89 |
| 2007 | 5.91 | 6 | 5.91 | 5.92 | 6.01 | 6.51 | 6.6 | 6.62 | 6.61 | 6.69 | 6.73 | 6.75 |
| 2008 | 6.81 | 6.72 | 6.6 | 6.4 | 6.21 | 6.2 | 6.37 | 6.25 | 6.16 | 6.46 | 6.51 | 6.17 |
| 2009 | 5.78 | 5.28 | 5.14 | 4.79 | 4.62 | 4.9 | 5.14 | 5.13 | 4.97 | 5 | 5.06 | 4.83 |
| 2010 | 4.8 | 4.73 | 4.71 | 5.15 | 5.3 | 5.18 | 5.02 | 4.82 | 4.6 | 4.52 | 4.45 | 4.5 |
