Best mortgage rates in Brandon.
Today’s best rate in Brandon is 3.00%. We compare 100+ lenders and lock your best on one application. No credit pull to start. Manitoba files are placed by a mortgage professional licensed in Manitoba, through our partner network.
What will a mortgage cost in Brandon?
On the average price of $295,000, 20% down and the best 5-year fixed come to about $1,266/month. The smallest legal down payment is $14,750, plus $3,550 of transfer tax or fees at closing. Second-largest MB city. Stable agricultural + military base.
Who has the best mortgage rate in Brandon?
Marathon Mortgage Corp, at 3.00%. Your own rate depends on your file.
Marathon Mortgage Corp Best5-year variable3.00%Apply- Marathon Mortgage Corp5-year variable3.50%Apply
Radius Financial3-year variable3.55%Apply- Radius Financial3-year variable3.55%Apply
- Marathon Mortgage Corp0.5-year fixed3.64%Apply
- Marathon Mortgage Corp0.5-year fixed3.64%Apply
Scotiabank5-year variable3.90%Apply
TD Canada Trust3-year variable3.97%Apply
Rates illustrative; your file (credit, income, LTV) sets your personalized rate. See all Manitoba rates →
What would my payment be on a $295,000 home in Brandon?
About $1,266/month with 20% down at the best 5-year fixed, or $1,563/month with the minimum down.
| At $295,000 | Minimum down | 20% down |
|---|---|---|
| Down payment | $14,750 | $59,000 |
| CMHC premium | $11,210 | None |
| Mortgage | $291,460 | $236,000 |
| Monthly, 5-yr fixed 4.19% | $1,563 | $1,266 |
| Monthly, 5-yr variable 3.00% | $1,379 | $1,117 |
| Stress-test payment at 6.19% | $1,898 | $1,537 |
25-year amortization, Canadian semi-annual compounding, best rates on today’s board. The stress test qualifies you at the greater of the contract rate plus 2 points or 5.25%. Illustrative, O.A.C. Model your own numbers in the payment calculator.
How we worked out a $295,000 Brandon purchase
Under $500,000 a flat 5% is the minimum down payment, so the insured route needs the least cash in Brandon.
On the 20%-down loan, variable is $149 a month cheaper than fixed today.
How much land transfer tax is on a Brandon purchase?
About $3,550 of transfer tax or fees on $295,000. All told, the minimum cash to close at this price — before legal fees, title insurance and adjustments — is about $18,300.
Land transfer tax on a Brandon purchase, explained
Manitoba Land Transfer Tax on a $295,000 purchase comes to about $3,550.
Check other prices in the land transfer tax calculator.
How do Brandon neighbourhoods change the file?
All 4 pockets below are freehold-led, so the financing turns on the appraisal, rental suites and the age of the stock rather than a condo corporation.
Brandon neighbourhoods, one by one (4)
South End
Newer detached subdivisionThe city's main recent build-out and its upper band, with clean comparables and prices well inside the insurable range.
East End
Post-war detached, smaller lotsOne of the lowest price bands in the province, comfortably under the $500,000 line where the minimum down payment is a flat 5%. Older stock draws roof, furnace and wiring conditions.
Brandon Hills
Rural-edge detached on acreagePrivate servicing and land: potability, flow and septic confirmations are funding conditions, and acreage beyond a modest parcel carries little lending value.
Riverheights
1960s–90s detached subdivisionEstablished family stock with predictable comparables and steady owner tenure, which keeps the renewal and refinance book deep.
This page is the rate-shopping side. For pre-approval strategy, document help and a dedicated advisor, see our Brandon mortgage broker page.
Brandon mortgage rates — FAQ
What is the best mortgage rate in Brandon right now?
The best rate in our 100+ lender network for Brandon (Manitoba) is approximately 3.00% as of Oct 24, 2026. Your own rate depends on your file — income, credit, loan-to-value and property type.
What land transfer tax will I pay in Brandon?
About $3,550 on $295,000.
Can I lock a Brandon rate before I buy?
Yes — most lenders hold a pre-approval rate for 90-120 days, and many honour a lower rate if rates drop before closing.
Lock your best Brandon rate.
We can help you save money. No credit pull to start.
Bring us a written offer from a big bank. We’ll try to beat it. If we can’t, we pay you $500. Conditions apply. See the conditions