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British ColumbiaLive ratesUpdated Jul 11, 2026

British Columbia mortgage rates.

Canada's most expensive market by far — Vancouver + GVA benchmarks above $1.5M dominate, with strong credit-union competition and a heavy multi-language lender requirement.

5-star rated| FSRA #13737| 50+ languages

Best British Columbia rates

Updated Jul 11, 2026

5-yr fixed

3.94%

5-yr variable

3.60%

3-yr fixed

3.84%

2-yr fixed

4.14%

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Live · updated Jul 8, 2026

Lowest offer per term across 100+ lenders

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Lender

Term

Type

Rate

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PB

Peoples Bank Best

Bank

5-yr

Variable

3.60%APR 3.60% · $2,826/mo

PB

Peoples Bank Best

5-yr · Variable

3.60%

APR 3.60% · $2,826/mo

Marathon Mortgage Corp

Monoline Broker-only

0.5-yr

Fixed

3.64%APR 3.64% · $2,837/mo

Marathon Mortgage Corp

0.5-yr · Fixed Broker-only

3.64%

APR 3.64% · $2,837/mo

Radius Financial

Monoline Broker-only

3-yr

Variable

3.65%APR 3.65% · $2,840/mo

Radius Financial

3-yr · Variable Broker-only

3.65%

APR 3.65% · $2,840/mo

BF

BlueShore Financial

Credit Union

3-yr

Fixed

3.84%APR 3.84% · $2,897/mo

BF

BlueShore Financial

3-yr · Fixed

3.84%

APR 3.84% · $2,897/mo

BF

BlueShore Financial

Credit Union

4-yr

Fixed

3.89%APR 3.89% · $2,912/mo

BF

BlueShore Financial

4-yr · Fixed

3.89%

APR 3.89% · $2,912/mo

BF

BlueShore Financial

Credit Union

5-yr

Fixed

3.94%APR 3.94% · $2,928/mo

BF

BlueShore Financial

5-yr · Fixed

3.94%

APR 3.94% · $2,928/mo

Scotiabank

Bank

2-yr

Fixed

4.14%APR 4.14% · $2,988/mo

Scotiabank

2-yr · Fixed

4.14%

APR 4.14% · $2,988/mo

Prospera Credit Union

Credit Union

1-yr

Fixed

4.24%APR 4.24% · $3,019/mo

Prospera Credit Union

1-yr · Fixed

4.24%

APR 4.24% · $3,019/mo

CB

CTBC Bank

Alternate

2-yr

Variable

4.75%APR 4.75% · $3,178/mo

CB

CTBC Bank

2-yr · Variable

4.75%

APR 4.75% · $3,178/mo

Home Trust

Alternate Broker-only

6-yr

Fixed

4.79%APR 4.79% · $3,190/mo

Home Trust

6-yr · Fixed Broker-only

4.79%

APR 4.79% · $3,190/mo

CB

CTBC Bank

Alternate

1-yr

Variable

4.95%APR 4.95% · $3,241/mo

CB

CTBC Bank

1-yr · Variable

4.95%

APR 4.95% · $3,241/mo

CC

Coastal Community

Credit Union

7-yr

Fixed

4.99%APR 4.99% · $3,254/mo

CC

Coastal Community

7-yr · Fixed

4.99%

APR 4.99% · $3,254/mo

Coast Capital Savings

Credit Union

10-yr

Fixed

5.14%APR 5.14% · $3,302/mo

Coast Capital Savings

10-yr · Fixed

5.14%

APR 5.14% · $3,302/mo

Est. payment shown on a $700,000 home, 20% down, 25-yr amortization. Rates updated daily. O.A.C., E.&O.E.

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British Columbia rates by term

Compare the best British Columbia rate for each term — fixed and variable.

5-Year Fixed 5-Year Variable 3-Year Fixed 3-Year Variable 2-Year Fixed 1-Year Fixed 4-Year Fixed 7-Year Fixed 10-Year Fixed

Benchmark price

$985,000

British Columbia provincial average · 2026

BC Property Transfer Tax (PTT)

1% on the first $200K of purchase price, 2% on the portion to $2M, 3% on the portion to $3M, and 5% above $3M.

First-time buyers can be fully exempt from PTT on homes up to $500K with partial relief up to $835K. The Newly Built Home Exemption can fully exempt purchases up to $750K when buying new construction.

Metro Vancouver also has municipal Empty Homes Tax (1–3% annually) on non-principal-residence properties — relevant for investor buyers.

Regulator

BC Financial Services Authority (BCFSA)

Official site →

Top British Columbia lenders

RBCScotiabankVancityCoast CapitalFirst NationalMCAPManulife Bank

Why British Columbia rates work the way they do

BC has unusually strong credit-union competition — Vancity and Coast Capital frequently undercut Big-6 rates and qualify at contract rate (not stress-test), making them a routine first-look for renewal and refi files in Greater Vancouver.

Foreign-buyer rules: Additional 20% foreign-buyer PTT applies in Metro Vancouver, Fraser Valley, Capital, Nanaimo, and Central Okanagan regional districts. Speculation and Vacancy Tax (0.5%–2%) applies annually to non-residents and certain Canadian non-residents.

Mortgage brokers in British Columbia

Same FSRA license, same 100+ lender network — applied to each British Columbia market.

All British Columbia cities →

Vancouver Island

North Vancouver

Today’s rate read · British Columbia

AI-generated from the live board · live feed · as of 2026-07-08T18:32:32.638Z

Maya

3.94%

5-yr fixed

3.60%

5-yr variable

5.95%

Lender prime

4.25%

BoC overnight

The best 5-year fixed mortgage rate is currently 3.94%, while the best 5-year variable rate is 3.60%, with fixed rates sitting 34 basis points higher than variable rates. The Bank of Canada's overnight rate is at 4.25%, indicating a downward trend, and the lender's prime rate stands at 5.95%, which affects borrowing costs.

Estimates only — your rate depends on your file. FSRA #13737.

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FAQ

British Columbia mortgage rates — common questions.

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Approximately $28,000 PTT on a $1.5M purchase ($2,000 on first $200K + $26,000 on next $1.3M). For foreign buyers in Metro Vancouver, add 20% foreign-buyer PTT ($300,000) on top.

Rates in other provinces

Same broker, every province — pick yours.

National rate table →

Ontario Alberta Quebec Manitoba Saskatchewan Nova Scotia New Brunswick Newfoundland and Labrador Prince Edward Island

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