How to use the British Columbia mortgage calculator
Mortgage rates in British Columbia
The mortgage rates that are charged in British Columbia vary substantially by province and territory. The most current British Columbia mortgage rates are the best ones to use when calculating your expected mortgage payment.
Land transfer tax (LTT) in British Columbia
When purchasing property in British Columbia a substantial cost to consider is the land transfer tax that will be charged to transfer the land from the seller to the buyer. It is recommended to understand how land transfer tax is charged in British Columbia which can be shown on our British Columbia land transfer tax calculator.
Mortgage affordability in British Columbia
With the high cost of home prices in British Columbia, purchasing a home in British Columbia can prove to be difficult. You can use our British Columbia mortgage affordability calculator to see how much home you can afford in British Columbia.
Amortization period
30-year amortization periods are available with a down payment that is less than 20% if you are a first-time homebuyer or purchasing a new build home. For all other cases where the down payment is less than 20% the amortization period is 25-years. If your down payment is more than 20% these maximum periods are set by the lender.
