Should I consider Steinbach Credit Union?

Steinbach Credit Union is Manitoba's largest credit union and a major mortgage lender with very competitive rates on Manitoba files, particularly for self-employed and rental property files. We compare them alongside Big-6 and monolines on every applicable file.

What is the Manitoba Land Transfer Tax on a $300K home?

Approximately $3,650 — 0% on first $30K, 0.5% on next $60K ($300), 1.0% on next $60K ($600), 1.5% on next $50K ($750), 2.0% on the remaining $100K ($2,000). Plus a small registration fee (~$70).

Is Manitoba a good province for investment properties?

Cash flow is generally positive at current Winnipeg prices — a $400K rental property typically rents for $1,800-$2,400/month, which often clears expenses on a 20-25% down payment. We have lenders specifically appetited for Manitoba rental files.

ManitobaLive ratesUpdated Aug 8, 2026

Manitoba mortgage rates.

Affordable Prairie market with strong first-time buyer flow, low closing costs, and stable demand across the year.

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

Best Manitoba rates

Updated Aug 8, 2026

5-yr fixed

4.14%

5-yr variable

3.60%

3-yr fixed

4.04%

2-yr fixed

3.99%

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Live · updated Aug 8, 2026

Lowest offer per term across 100+ lenders

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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

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

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

Marathon Mortgage Corp

Monoline Broker-only

5-yr

Fixed

4.14%APR 4.14% · $2,988/mo

Apply now

Marathon Mortgage Corp

5-yr · Fixed Broker-only

4.14%

APR 4.14% · $2,988/mo

Apply now

Scotiabank

Bank

4-yr

Fixed

4.24%APR 4.24% · $3,019/mo

Apply now

Scotiabank

4-yr · Fixed

4.24%

APR 4.24% · $3,019/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

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

Scotiabank

Bank

7-yr

Fixed

5.00%APR 5.00% · $3,257/mo

Apply now

Scotiabank

7-yr · Fixed

5.00%

APR 5.00% · $3,257/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

TD Canada Trust

Bank

10-yr

Fixed

5.34%APR 5.34% · $3,366/mo

Apply now

TD Canada Trust

10-yr · Fixed

5.34%

APR 5.34% · $3,366/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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Manitoba rates by term

Compare the best Manitoba 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

$355,000

Manitoba provincial average · 2026

Manitoba Land Transfer Tax

Tiered tax of 0%–2% on purchase price; first $30K is exempt. On a $400K Winnipeg home, expect approximately $5,650 in LTT.

Manitoba does not currently offer a first-time buyer LTT rebate, but the federal First-Time Home Buyer Tax Credit ($1,500) still applies.

Regulator

Manitoba Securities Commission

Official site →

Top Manitoba lenders

RBCScotiabankSteinbach Credit UnionAssiniboine Credit UnionMCAPFirst National

Why Manitoba rates work the way they do

Manitoba has unusually strong credit-union competition — Steinbach Credit Union and Assiniboine Credit Union are major mortgage lenders with locally focused rates that often beat Big-6 pricing on Manitoba files.

Mortgage brokers in Manitoba

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

All Manitoba cities →

Today’s rate read · Manitoba

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

Maya

4.14%

5-yr fixed

3.60%

5-yr variable

5.95%

Lender prime

4.25%

BoC overnight

In Manitoba, the best 5-year fixed mortgage rate is 4.14%, while the best 5-year variable rate is 3.60%, indicating that fixed rates are currently 54 basis points higher than variable rates. The lender's prime rate stands at 5.95%, influenced by the Bank of Canada's overnight rate at 4.25%, which suggests a downward trend in borrowing costs.

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

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FAQ

Manitoba mortgage rates — common questions.

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

Winnipeg's benchmark price (~$385K) makes it one of the most affordable major Canadian markets. A 20% down payment is $77K (vs ~$390K for Vancouver). Monthly carrying costs at current rates run roughly half what they would in the GTA core for an equivalent home.

Rates in other provinces

Same broker, every province — pick yours.

National rate table →

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

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