Richmond Mortgage Rates

Best Mortgage Rates in Richmond

Compare mortgage rates available in Richmond, British Columbia. Explore fixed and variable mortgage options from national and provincial lenders.

Rates are current as of Richmond, British Columbia
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Mortgage rate information for Richmond, British Columbia

Compare national mortgage options and products available in British Columbia for borrowers and properties in Richmond. RateBuddy helps you explore current fixed and variable rates, estimated payments, lender options and mortgage features in one place.

Current Mortgage Rates in Richmond

Live as of: August 17, 2026 | Richmond, 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

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

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NORTH Northern Canada
3 markets
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Rates by lender

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How these rates are selected

Richmond rates are based on mortgage options available in British Columbia

RateBuddy displays national mortgage options and products available 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 Richmond, British Columbia

Mortgage rates in Richmond, 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 Richmond, 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 Richmond, 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 Richmond, British Columbia

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

Land Transfer Tax

Richmond, 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 Richmond, British Columbia to handle the title transfer and mortgage registration.

Appraisal

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

Richmond, British Columbia Mortgage Hack

Maximize Your Pre-Payment Privileges

Did you know? Most lenders in Richmond, 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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Local mortgage guidance

Mortgage questions about Richmond

Mortgage rates are generally offered nationally or according to provincial availability rather than being priced separately for each city. RateBuddy displays national offers and mortgage products available in British Columbia for Richmond. Final rates, lender availability and approval depend on the borrower, property and lender requirements.
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