Compare mortgage rates in British Columbia

Compare rates? Either variable or fixed rate? Open or closed mortgage? Compare interest rates and terms to find a mortgage option that is right for you. Tell us about your mortgage needs and we’ll show you personalized rates from Canada’s top banks and lenders.

Below you’ll find the current posted mortgage rates from Canada’s major banks, where the majority of Canadians get their mortgages. You’ll only be eligible for a mortgage from a Big Six bank if you meet their strict lending guidelines, including minimum credit score and maximum debt service ratio requirements.

Posted rates aren’t necessarily a Big Six bank’s best rates. If you intend on applying for a mortgage with one of these lenders, consider their posted rates a starting point in your mortgage negotiations.

    
       Amortization The amortization period is the length of time it takes to pay off your mortgage in its entirety. The most common amortization period is 25 years, with the maximum set at 30 years for down payments less than 20%. Although longer amortization periods reduce your monthly payments, you will pay more interest over the life of your mortgage.

60-Year Fixed Rates

Mortgage rate
       Mortgage rate The rate of interest you will pay on the outstanding balance of your mortgage. This rate can be fixed for the duration of the term or variable, fluctuating with the prime rate. Fixed rates are most popular in Canada and represent 66% of all mortgages.
Provider
       Provider Mortgage providers include lenders and mortgage brokers. As the name suggests, lenders provide the funding for your mortgage. Mortgage brokers are licensed professionals with access to multiple lenders and products. According to the Canadian Mortgage and Housing Corporation, mortgage brokers accounted for 38% of mortgage originations in 2009.
Rate hold
       Rate hold The rate hold is the length of time the mortgage provider can hold the interest rate for. Submitting this form is the first step to getting your rate held, but there will be additional steps required depending on the mortgage provider.
Prepayment
       Prepayment Prepayment options outline the flexibility you have to increase your monthly mortgage payments or make a lump sum outlay against your mortgage as a whole. According to the Canadian Association of Accredited Mortgage Professionals (CAAMP), 28% of mortgage holders used one or both prepayment privileges in 2010.
Payment
       Payment The monthly mortgage payment is calculated based on the mortgage amount, amortization period and the associated mortgage rate. A general affordability rule is that your monthly housing costs should not exceed 32% of your gross household monthly income.

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4.79%
Canadian Lender
Canadian Lender
120 days
no pre-approvals
Lump Sum: 15%
Monthly: 15%
$55,262
Inquire

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4.89%
Big 6 Bank
Big 6 Bank
120 days
no pre-approvals
Lump Sum: 15%
Monthly: 100%
$55,810
Inquire

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4.99%
Canwise
Canwise
120 days
no pre-approvals
Lump Sum: 20%
Monthly: 20%
$56,360
Inquire

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4.99%
CMLS Financial
CMLS Financial
120 days
no pre-approvals
Lump Sum: 20%
Monthly: 20%
$56,360
Inquire

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5.09%
First National
First National
120 days
no pre-approvals
Lump Sum: 15%
Monthly: 15%
$56,914
Inquire

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5.09%
Equitable Bank
Equitable Bank
120 days
no pre-approvals
Lump Sum: 15%
Monthly: 15%
$56,914
Inquire

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FAQs

Questions
you may have!

Yes, we work with clients with varying credit profiles, including those with lower credit scores, to find suitable financing solutions.

Absolutely, we provide construction and commercial mortgage options for those looking to build or invest in properties.

Applying is easy! You can visit one of our offices, call us, or fill out our online application form to get started.

We provide comprehensive guidance and support to first-time homebuyers, helping them navigate the process with ease.

Yes, we offer financing solutions tailored to the unique needs of investment property buyers.

Mortgage refinancing can offer benefits such as lower interest rates, debt consolidation, and access to home equity. We’ll help you explore your options.