# Canadian Prime Rate 2026: Current Rate, History, & Forecast

> The live Canadian prime rate is 4.45%. Variable mortgages and HELOCs are priced off Prime.

Category: Mortgage Rates
Last verified: 2026-08-29
Source: https://ratellow.com/mortgages/rates/prime-rate

## TL;DR
- Live Prime as of 2026-08-31: 4.45%.
- The live 5-year variable is 3.49% — a discount to Prime, not a fixed coupon.
- Fixed-rate mortgages are not set by Prime; they track the Government of Canada bond.