British ColumbiaLive ratesUpdated Sep 23, 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.

FSRA #13737| 50+ languages

Best British Columbia rates

Updated Sep 23, 2026

5-yr fixed

4.19%

5-yr variable

3.50%

3-yr fixed

4.04%

2-yr fixed

3.99%

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Live · updated Sep 22, 2026

Lowest offer per term across 100+ lenders

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Lender

Term

Type

Rate

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Marathon Mortgage Corp Best

Monoline Broker-only

5-yr

Variable

3.50%APR 3.50% · $2,796/mo

Apply now

Marathon Mortgage Corp Best

5-yr · Variable Broker-only

3.50%

APR 3.50% · $2,796/mo

Apply now

Radius Financial

Monoline Broker-only

3-yr

Variable

3.55%APR 3.55% · $2,811/mo

Apply now

Radius Financial

3-yr · Variable Broker-only

3.55%

APR 3.55% · $2,811/mo

Apply now

Marathon Mortgage Corp

Monoline Broker-only

0.5-yr

Fixed

3.64%APR 3.64% · $2,837/mo

Apply now

Marathon Mortgage Corp

0.5-yr · Fixed Broker-only

3.64%

APR 3.64% · $2,837/mo

Apply now

Marathon Mortgage Corp

A_LENDER Broker-only

6-yr

Fixed

3.64%APR 3.64% · $2,837/mo

Apply now

Marathon Mortgage Corp

6-yr · Fixed Broker-only

3.64%

APR 3.64% · $2,837/mo

Apply now

Scotiabank

Bank

2-yr

Fixed

3.99%APR 3.99% · $2,943/mo

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Scotiabank

2-yr · Fixed

3.99%

APR 3.99% · $2,943/mo

Apply now

Scotiabank

Bank

3-yr

Fixed

4.04%APR 4.04% · $2,958/mo

Apply now

Scotiabank

3-yr · Fixed

4.04%

APR 4.04% · $2,958/mo

Apply now

Coastal Community

Credit Union

4-yr

Fixed

4.14%APR 4.14% · $2,988/mo

Apply now

Coastal Community

4-yr · Fixed

4.14%

APR 4.14% · $2,988/mo

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DUCA Financial Services Credit Union Ltd.

CREDIT_UNION

1-yr

Fixed

4.19%APR 4.19% · $3,004/mo

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DUCA Financial Services Credit Union Ltd.

1-yr · Fixed

4.19%

APR 4.19% · $3,004/mo

Apply now

Pine

A_LENDER Broker-only

5-yr

Fixed

4.19%APR 4.19% · $3,004/mo

Apply now

Pine

5-yr · Fixed Broker-only

4.19%

APR 4.19% · $3,004/mo

Apply now

CTBC Bank

Alternate

2-yr

Variable

4.75%APR 4.75% · $3,178/mo

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CTBC Bank

2-yr · Variable

4.75%

APR 4.75% · $3,178/mo

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CTBC Bank

Alternate

1-yr

Variable

4.95%APR 4.95% · $3,241/mo

Apply now

CTBC Bank

1-yr · Variable

4.95%

APR 4.95% · $3,241/mo

Apply now

Coastal Community

Credit Union

7-yr

Fixed

4.99%APR 4.99% · $3,254/mo

Apply now

Coastal Community

7-yr · Fixed

4.99%

APR 4.99% · $3,254/mo

Apply now

Coast Capital Savings

Credit Union

10-yr

Fixed

5.29%APR 5.29% · $3,350/mo

Apply now

Coast Capital Savings

10-yr · Fixed

5.29%

APR 5.29% · $3,350/mo

Apply now

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

Average price

$929,619

Average MLS® residential price, British Columbia Real Estate Association, July 2026. See the release.

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 get the PTT on the first $500,000 waived — a flat $8,000 — and that full $8,000 holds all the way to $835,000, not just to $500,000. Between $835,000 and $860,000 it tapers by about $320 per $1,000 of price and then stops. Separately, the Newly Built Home Exemption fully exempts new construction up to $1,100,000, tapering to nothing at $1,150,000. Both thresholds were raised on 1 April 2024.

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 →

Today’s rate read · British Columbia

AI-generated from the live board · live feed · as of 2026-09-22T21:01:33.060Z

Maya

4.19%

5-yr fixed

3.50%

5-yr variable

5.95%

Lender prime

4.25%

BoC overnight

The best 5-year fixed mortgage rate is currently 4.19%, while the best 5-year variable rate is 3.50%, indicating that fixed rates are 69 basis points higher than variable rates. The lender's prime rate stands at 5.95%, influenced by the Bank of Canada's overnight rate of 4.25%, which suggests a potential downward trend in 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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What is the BC Property Transfer Tax on a $1.5M Vancouver home?

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.

Do BC credit unions qualify at contract rate?

Some do — Vancity, Coast Capital, and Prospera frequently qualify borrowers at the contract rate rather than the federal stress test rate (contract + 2% or 5.25%). This can materially increase the amount you qualify for. We test the contract-rate path on every BC file.

What is the Newly Built Home Exemption in BC?

A buyer of newly constructed housing up to $1,100,000 is fully exempt from BC Property Transfer Tax, with a partial exemption phasing out to nothing at $1,150,000. Those thresholds rose from $750,000 and $800,000 on 1 April 2024, so any figure below $1.1M you see quoted elsewhere is out of date — on a $1,000,000 new build that is the difference between paying $18,000 and paying nothing. It does not stack with the standard first-time buyer exemption; pick whichever gives the bigger break, which for new construction above $860,000 is always this one.

Does the federal foreign-buyer ban apply in BC?

Yes — the federal Prohibition on the Purchase of Residential Property by Non-Canadians Act (extended to 2027) blocks most foreign nationals from purchasing residential property anywhere in Canada including BC. BC's 20% foreign-buyer PTT is in addition for any purchases that fall under the federal exceptions.

Which BC cities have the highest home prices?

Vancouver (~$1.95M), North Vancouver (~$1.80M), Richmond BC (~$1.64M), Burnaby (~$1.52M), Coquitlam (~$1.40M), Delta (~$1.30M), Surrey (~$1.18M). Vancouver Island markets (Victoria ~$1.03M, Nanaimo ~$745K) are materially more affordable.

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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