MANITOBA MORTGAGE RATES

Compare Manitoba mortgage rates

Explore mortgage rates, terms, and lender options for Winnipeg and communities across Manitoba with clear information for your next decision.

Rates are current as of Manitoba
Compare Manitoba Rates

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Mortgage rate information for Manitoba

Manitoba offers some of the most affordable urban housing markets in Canada. Whether you're buying in Winnipeg or a rural community, finding a great mortgage rate can significantly lower your long-term housing costs. Explore the top rates available in Manitoba here.

Compare current fixed and variable mortgage options for Manitoba, 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 Manitoba

Live as of: August 17, 2026 | Manitoba

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
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
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
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
10 markets
View all British Columbia mortgage rates
MB Manitoba
2 markets
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 Manitoba

RateBuddy displays national mortgage options and products available to borrowers in Manitoba. 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 Manitoba

Mortgage rates in Manitoba 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 Manitoba 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 Manitoba 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 Manitoba

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

Land Transfer Tax

Manitoba 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 Manitoba to handle the title transfer and mortgage registration.

Appraisal

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

Manitoba Mortgage Hack

Maximize Your Pre-Payment Privileges

Did you know? Most lenders in Manitoba 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

Compare rates by structure, mortgage goal, term and market scenario without navigating through an oversized menu.

Advanced mortgage tools

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Provincial mortgage guidance

Mortgage questions about Manitoba

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 Manitoba. 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.

Manitoba calculates Land Transfer Tax using the property's fair market value when the transfer is registered, and a separate registration fee also applies. Confirm the current brackets, exemptions and registration charges for the transaction before closing.
Tools and guidance

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