HomeLowest Mortgage Rates in British Columbia
See todays best mortgage rates with access to rates across the top banks and lenders in British Columbia.
Current Mortgage Rates in British Columbia
| Name | 2-Year Fixed | 3-Year Fixed | 4-Year Fixed | 5-Year Fixed | 5-Year Variable |
|---|---|---|---|---|---|
| BMO | 7.34 | 6.95 | 6.74 | 6.79 | 6.7 |
| CIBC | 6.99 | 6.99 | 6.74 | 6.84 | 6.7 |
| Nesto | 5.84 | 4.79 | 4.89 | 4.34 | 5.4 |
| Pine | 6.24 | 4.24 | 4.54 | 4.34 | 4.75 |
| RBC | 5.89 | 5.09 | 4.99 | 4.94 | 6.1 |
| Scotiabank | 7.19 | 6.74 | 6.54 | 6.59 | 7.15 |
| TD | 7.34 | 5.22 | 6.74 | 5.12 | 6.19 |
| True North | 4.99 | 4.84 | 4.84 | 4.49 | 5.5 |
This table was last updated on December 21, 2024 rates are from the data available on each institution’s website.
These are the most up to date mortgage rates in British Columbia which will help make sure you are able to get the best deal on your mortgage rates.
See a breakdown of the 5-year fixed mortgage rates in British Columbia.
How to get the best mortgage rate in British Columbia?
To find the best mortgage rates in British Columbia, it is important to compare offerings across various mortgage lenders and banks. Having access to this information and being able to see at a glance who is offering the best mortgage rate will help you save thousands of dollars.
If your mortgage rate (calculated as mortgage amount / home value) is greater than 80% this is considered to be a high-ratio mortgage which will need to be insured.
British Columbia land transfer taxes
It is important to take into consideration the cost of British Columbia land transfer tax that will be charged based on the value of your home.
British Columbia mortgage payments
The rate that you choose will have a great impact on your overall mortgage payments. You can see how your mortgage rate impacts the overall mortgage payment with our British Columbia mortgage payment calculator.
