BRITISH COLUMBIA MORTGAGE RATES

Compare British Columbia mortgage rates

Explore mortgage rates, terms, and lender options for homes across British Columbia, including Vancouver, Victoria, and surrounding communities.

Rates are current as of British Columbia
Compare BC Rates

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Mortgage rate information for British Columbia

From the bustling Metro Vancouver area to the serene Okanagan, British Columbia's real estate market is diverse. Securing a competitive mortgage rate is crucial. This page highlights the best available rates to help you navigate BC's market with confidence.

Compare current fixed and variable mortgage options for British Columbia, then review estimated payments, term length, prepayment privileges, penalties, qualification requirements and property eligibility. The lowest advertised rate is not automatically the lowest-cost or most flexible mortgage for every borrower.

Compare Current Mortgage Rates in British Columbia

Live as of: August 17, 2026 | British Columbia

Customize your mortgage scenario

Adjust the purchase price, down payment, amortization, and payment frequency to see how your estimated mortgage payments change across the rate options below.

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%
Yrs
Tip: Use the filter to compare payment impact quickly. Even a small rate difference can change your estimated payment and total interest over time.
We guarantee your best rate or we will give you $500! Save thousands with our volume-discounted rates.
True North Mortgage Inc
Interest rate
4.14 %
5 Years Fixed
5 Year Fixed Mortgage
Payment & interest estimate
Est. Monthly Payment $2,142
Interest in 5 years $77,818
We guarantee your best rate or we will give you $500! Save thousands with our volume-discounted rates.
True North Mortgage Inc
Interest rate
2.49 %
6 Months Fixed
6-Month Fixed Closed
Payment & interest estimate
Est. Monthly Payment $1,792
Interest in 5 years $46,119
Interest over 6 Months $4,950
Commission-free mortgage experts providing honest advice and competitive rates through a 100% digital, transparent process.
Nesto
Interest rate
3.40 %
5 Years Variable
5 Year Variable Mortgage
Payment & interest estimate
Est. Monthly Payment $1,981
Interest in 5 years $63,506
We guarantee your best rate or we will give you $500! Save thousands with our volume-discounted rates.
True North Mortgage Inc
Interest rate
3.49 %
5 Years Variable
5-Year Variable Closed
Payment & interest estimate
Est. Monthly Payment $2,000
Interest in 5 years $65,239
nesto provides you with the best available locking period in the mortgage industry (150 Days).
Nesto
Interest rate
3.57 %
5 Years Variable
5 Year Variable Mortgage (150 Day Lock)
Payment & interest estimate
Est. Monthly Payment $2,018
Interest in 5 years $66,781
Equitable Bank offers flexible mortgage solutions with competitive rates, designed to help you achieve your homeownership goals.
EQ Bank
Interest rate
3.60 %
5 Years Variable
5 Year Adjustable Mortgage - Evolution Suite
Payment & interest estimate
Est. Monthly Payment $2,024
Interest in 5 years $67,359
Marathon Mortgage
Interest rate
3.60 %
5 Years Variable
5-years Variable Closed High Ratio
Payment & interest estimate
Est. Monthly Payment $2,024
Interest in 5 years $67,359
Commission-free mortgage experts providing honest advice and competitive rates through a 100% digital, transparent process.
Nesto
Interest rate
3.60 %
3 Years Variable
3 Year Variable Mortgage
Payment & interest estimate
Est. Monthly Payment $2,024
Interest in 5 years $67,359
Interest over 3 Years $41,588
Marathon Mortgage
Interest rate
3.64 %
6 Months Fixed
6-Month Fixed Closed
Payment & interest estimate
Est. Monthly Payment $2,033
Interest in 5 years $68,132
Interest over 6 Months $7,243
Commission-free mortgage experts providing honest advice and competitive rates through a 100% digital, transparent process.
Nesto
Interest rate
3.65 %
5 Years Variable
5 Year Variable Mortgage
Payment & interest estimate
Est. Monthly Payment $2,035
Interest in 5 years $68,325
Eligible mortgages may qualify for up to $5,900 in promotional value. Offer ends June 30, 2026.
RBC Royal Bank
Ratings
Google
Trustpilot
RateBuddy
Interest rate
3.65 %
5 Years Variable
5 Year Variable Closed
Payment & interest estimate
Est. Monthly Payment $2,035
Interest in 5 years $68,325
Updating rates...
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Mortgage rates across Canada

Explore rates by province and city

Find national mortgage offers and rates available in your province, then explore a page designed for your local market.

7 markets
View all Alberta mortgage rates
BC British Columbia
10 markets
2 markets
View all Manitoba mortgage rates
3 markets
View all New Brunswick mortgage rates
2 markets
View all Newfoundland and Labrador mortgage rates
2 markets
View all Nova Scotia mortgage rates
18 markets
View all Ontario mortgage rates
2 markets
View all Prince Edward Island mortgage rates
9 markets
View all Quebec mortgage rates
3 markets
View all Saskatchewan mortgage rates
NORTH Northern Canada
3 markets
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Rates by lender

Compare mortgage rates by provider

Explore mortgage rate information from major Canadian banks, regional institutions and credit unions. Compare more than the advertised rate before choosing a provider.

How these rates are selected

Mortgage options available across British Columbia

RateBuddy displays national mortgage options and products available to borrowers in British Columbia. Actual rates, lender availability, qualification, and approval depend on the borrower, property, mortgage purpose, and lender requirements.

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Market Dynamics

Understanding Rates in British Columbia

Mortgage rates in British Columbia are driven by two main forces: Bond Yields (Fixed) and Central Bank Policy (Variable).

Variable: Floating
Fixed: Bond Driven

Bank of Canada Impact

Variable rates in British Columbia are directly linked to the Prime Rate. If the economy slows, rates often drop to stimulate growth—saving you money immediately.

The "Spread" Strategy

Smart borrowers in British Columbia watch the gap between Fixed and Variable. When fixed rates dip lower than variable, it is often a signal to lock in stability.

Hidden Costs of Buying in British Columbia

Beyond the mortgage rate, ensure you budget for these closing items.

Land Transfer Tax

British Columbia charges a provincial tax based on the property value. First-time buyers may get a rebate.

Legal Fees

Expect to pay between $800 and $1,500 for a lawyer in British Columbia to handle the title transfer and mortgage registration.

Appraisal

Lenders in British Columbia may require a professional appraisal ($300-$500) to confirm the home's value matches the loan.

British Columbia Mortgage Hack

Maximize Your Pre-Payment Privileges

Did you know? Most lenders in British Columbia allow you to pay down 10-20% of your mortgage annually without penalty.

Reduce Interest Costs
Shorten Amortization
Build Equity Faster
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Find your mortgage path

Explore mortgage options based on what matters to you

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Advanced mortgage tools

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Provincial mortgage guidance

Mortgage questions about British Columbia

A competitive mortgage rate depends on current market conditions, the mortgage term, fixed or variable structure, down payment, property, credit profile, and lender requirements. Compare the available options on this page together with their terms, restrictions, and estimated payments.

Many national lenders offer similar core pricing across Canada, but product availability, provincial eligibility, local credit unions, and lender-specific programs can differ in British Columbia. The rates shown here are selected using availability for the province.

Compare prepayment privileges, penalties, portability, mortgage type, term length, payment flexibility, fees, and qualification requirements. A slightly higher rate may provide better flexibility or lower costs if your plans change.

A down payment below 20% generally requires mortgage default insurance, while a down payment of 20% or more usually creates a conventional mortgage. The down payment can affect available rates, amortization choices, insurance costs, and lender eligibility.

Available rates and terms can differ depending on whether you are purchasing, renewing, refinancing, or switching lenders. Use the filters to estimate payments, then review the product details and lender requirements for your specific mortgage purpose.

Closing costs can include provincial or municipal transfer charges, land-title or deed registration, legal or notary services, appraisal and inspection costs, title insurance, property-tax adjustments, home insurance, and moving expenses. The amounts and available exemptions depend on the property and transaction, so confirm them with the appropriate provincial authority and your legal professional before closing.

A mortgage pre-approval can help establish a working budget and may hold a rate for a limited period, but it is not a final approval. The lender must still review the selected property, updated income and debt information, down payment, credit profile, and all supporting documents.

Property Transfer Tax generally applies when a purchaser registers an interest in British Columbia real estate, unless an exemption applies. The amount depends on the property and transaction, so use the current provincial guidance and confirm eligibility for any exemption before closing.

Lenders often use national or provincial pricing, but Vancouver property values, mortgage size, property type, appraisal requirements and insurance eligibility can affect the products available to a particular borrower.
Tools and guidance

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