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 first-time buyer purchasing newly constructed housing under $750K can be fully exempted from BC PTT (partial exemption from $750K to $800K). It does not stack with the standard FTHB exemption — pick the one that gives you the bigger break.

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.

British ColumbiaLive ratesUpdated Aug 8, 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 Aug 8, 2026

5-yr fixed

3.94%

5-yr variable

3.60%

3-yr fixed

3.84%

2-yr fixed

3.99%

Lock in my British Columbia rate

Which lender will approve you?

Tell Maya your situation, or tap what fits to see the lenders that typically qualify it.

Or filter by your situation

Check if you qualify Speak to Maya Call Maya

Live · updated Aug 8, 2026

Lowest offer per term across 100+ lenders

Filter

Lender

Term

Type

Rate

Apply

Radius Financial Best

Monoline Broker-only

3-yr

Variable

3.55%APR 3.55% · $2,811/mo

Apply now

Radius Financial Best

3-yr · Variable Broker-only

3.55%

APR 3.55% · $2,811/mo

Apply now

Marathon Mortgage Corp

Monoline Broker-only

5-yr

Variable

3.60%APR 3.60% · $2,826/mo

Apply now

Marathon Mortgage Corp

5-yr · Variable Broker-only

3.60%

APR 3.60% · $2,826/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

BlueShore Financial

Credit Union

3-yr

Fixed

3.84%APR 3.84% · $2,897/mo

Apply now

BlueShore Financial

3-yr · Fixed

3.84%

APR 3.84% · $2,897/mo

Apply now

BlueShore Financial

Credit Union

4-yr

Fixed

3.89%APR 3.89% · $2,912/mo

Apply now

BlueShore Financial

4-yr · Fixed

3.89%

APR 3.89% · $2,912/mo

Apply now

BlueShore Financial

Credit Union

5-yr

Fixed

3.94%APR 3.94% · $2,928/mo

Apply now

BlueShore Financial

5-yr · Fixed

3.94%

APR 3.94% · $2,928/mo

Apply now

Scotiabank

Bank

2-yr

Fixed

3.99%APR 3.99% · $2,943/mo

Apply now

Scotiabank

2-yr · Fixed

3.99%

APR 3.99% · $2,943/mo

Apply now

First National

Alternate Broker-only

1-yr

Fixed

4.59%APR 4.59% · $3,128/mo

Apply now

First National

1-yr · Fixed Broker-only

4.59%

APR 4.59% · $3,128/mo

Apply now

CTBC Bank

Alternate

2-yr

Variable

4.75%APR 4.75% · $3,178/mo

Apply now

CTBC Bank

2-yr · Variable

4.75%

APR 4.75% · $3,178/mo

Apply now

Wealth One Bank of Canada

Alternate

1-yr

Variable

4.95%APR 4.95% · $3,241/mo

Apply now

Wealth One Bank of Canada

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

TD Canada Trust

Bank

6-yr

Fixed

5.19%APR 5.19% · $3,318/mo

Apply now

TD Canada Trust

6-yr · Fixed

5.19%

APR 5.19% · $3,318/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.

Get my exact rate

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 →

Today’s rate read · British Columbia

AI-generated from the live board · live feed · as of 2026-08-08T05:02:44.277Z

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 3.94%, while the best 5-year variable rate is 3.60%, with fixed rates currently sitting 34 basis points higher than variable rates. The Bank of Canada’s overnight rate is at 4.25%, and with the trend moving downwards, this signals a potentially easing borrowing environment, as lender prime is at 5.95%, which impacts variable mortgage rates.

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

Ask Maya about British Columbia mortgage rates

Instant answers · 50+ languages · no credit pull

Estimates only — a licensed advisor confirms your file. FSRA #13737.Open full chat

FAQ

British Columbia mortgage rates — common questions.

Don’t see yours? Ask Maya — instant answer in 50+ languages.

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

Lock in your best British Columbia rate today.

5-minute pre-qualification. No credit check to begin. Your dedicated British Columbia advisor responds within the next business hour.