Manitoba mortgage rates.

Winnipeg is one of the most affordable major Canadian markets. At an average home price of about $439,216, a 20% down payment is about $88K, against roughly $390K in Vancouver. Monthly carrying costs at current rates run roughly half what they would in the GTA core for an equivalent home.

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.

Approximately $3,650 — 0% on the first $30K, 0.5% on the next $60K ($300), 1.0% on the next $60K ($600), 1.5% on the next $50K ($750) and 2.0% on the remaining $100K ($2,000). On top of that you pay a land titles registration fee of $137 electronically, or $144 on paper, under the schedule in force since 4 January 2026 — many older comparisons still quote about $70 for this and understate it by half. Manitoba offers no first-time-buyer rebate against the tax itself, so budget the full amount in cash on closing day.

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.