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Scotiabank Mortgage Reference Rate (SMRR)
As at September 2026
| As at September 2026 | Rate |
|---|---|
| Scotiabank Mortgage Market Reference Rate as computed | 4.50% |
| Discount on Computed Rate | 0.25% |
| Customer SMRR | 4.25% |
The Scotiabank Mortgage Reference Rate (SMRR) is an interest rate benchmark against which Scotiabank consumer mortgages will be priced and re-priced effective December, 2017. The SMRR is computed by Scotiabank and is based on information about commercial banks’ funding costs and yields on applicable treasury bonds. The Scotiabank Mortgage Market Guideline can be accessed above.