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CANADIAN BANK OFFERS RECORD-LOW INSURED FIXED MORTGAGE RATE OF 1.99% FOR THE FIRST TIME IN HISTORY!Below, you will find historical posted and discounted mortgage rate information, dating from to present day. The highest mortgage interest rate in Canadian history was % in August and September for a 5-year fixed mortgage. Rates started. Canadian historical mortgage rates for prime rates, variable rates and fixed terms. Ten year rate history report for mortgages of several mortgage terms.