British Columbia Mortgage Rates

We'll beat any competitor's offer

Our mortgage rates in BC are better than the banks.

Throughout British Columbia, housing markets are seeing much higher demand. New listings continue to increase, but are quickly absorbed by the brisk pace of sales. As the BC economy continues to face challenges and pandemic stresses, the flourishing growth of its real estate market is a bright spot, though the current seller's market may place pressure on younger or first-time buyers.

In this increasingly competitive housing market, True North Mortgage brokers can help you secure the lowest rates. We know the real estate landscape and can offer you discounted BC mortgage rates, even from your own bank.

Plus, through our exceptional, unified service, you’ll get the most flexible mortgage solutions to help you save thousands. Mortgage interest rates can change quickly — contact us to hold your low current BC mortgage rates for up to four months (depending on the lender). Whether you’re a first-time buyer, or looking for an income property or vacation home, knowing what you qualify for will give you peace-of-mind when trying to find the right investment.

Visit us, call or apply online today.


Hold your lower rate — now.

Mortgage interest rates can change quickly—contact us to hold your low current BC mortgage rates for up to four months (depending on the lender). Whether you’re a first-time buyer or looking at an income property or vacation home, we can help. Visit us, call or apply online today.

Historical Mortgage Rates

For British Columbia - Last Updated Jul. 14 2021

5 Year Fixed Rate

2.09% - 2.39%

  2021 (average)

1.23%

1.63%

  June

1.19%

1.55%

  May

1.19%

1.55%

  April

1.24%

1.65%

  March

1.24%

1.65%

  February

1.24%

1.65%

  January

1.29%

1.75%

  2020 (average)

1.90%

2.25%

  December

1.38%

1.79%

  November

1.55%

1.80%

  October

1.55%

1.90%

  September

1.61%

1.87%

  August

1.66%

2.00%

  July

1.79%

2.10%

  June

1.79%

2.10%

  May

1.95%

2.25%

  April

2.00%

2.43%

  March

2.25%

2.50%

  February

2.65%

3.10%

  January

2.65%

3.10%

  2019 (average)

2.68%

3.20%

  December

2.65%

3.10%

  November

2.65%

3.10%

  October

2.65%

3.10%

  September

2.65%

3.10%

  August

2.65%

3.10%

  July

2.65%

3.10%

  June

2.68%

3.10%

  May

2.70%

3.20%

  April

2.75%

3.20%

  March

2.75%

3.35%

  February

2.70%

3.45%

  January

2.65%

3.45%

  2018 (average)

2.35%

2.88%

  December

2.65%

3.35%

  November

2.65%

3.25%

  October

2.55%

2.90%

  September

2.40%

2.80%

  August

2.40%

2.80%

  July

2.40%

2.80%

  June

2.15%

2.60%

  May

2.21%

2.55%

  April

2.21%

2.85%

  March

2.21%

2.85%

  February

2.21%

2.85%

  January

2.21%

3.00%

  2017 (average)

1.89%

2.46%

  December

1.95%

2.75%

  November

1.95%

2.75%

  October

2.05%

2.75%

  September

2.15%

2.65%

  August

1.90%

2.50%

  July

1.95%

2.50%

  June

1.75%

2.25%

  May

1.75%

2.25%

  April

1.78%

2.25%

  March

1.80%

2.30%

  February

1.80%

2.30%

  January

1.90%

2.30%

  2016 (average)

2.02%

2.30%

  December

1.90%

2.30%

  November

1.90%

2.30%

  October

1.90%

2.30%

  September

1.95%

2.30%

  August

1.95%

2.30%

  July

1.95%

2.30%

  June

2.05%

2.30%

  May

2.10%

2.30%

  April

2.10%

2.30%

  March

2.10%

2.30%

  February

2.15%

2.30%

  January

2.15%

2.30%

  2015 (average)

1.98%

2.15%

  December

2.10%

2.20%

  November

2.05%

2.15%

  October

1.90%

2.05%

  September

1.90%

2.05%

  August

1.85%

2.05%

  July

1.90%

2.15%

  June

2.05%

2.15%

  May

2.00%

2.15%

  April

2.00%

2.15%

  March

2.00%

2.15%

  February

2.00%

2.25%

  January

1.95%

2.30%

  2014 (average)

2.30%

2.43%

  December

2.15%

2.35%

  November

2.15%

2.35%

  October

2.15%

2.35%

  September

2.25%

2.35%

  August

2.25%

2.35%

  July

2.30%

2.40%

  June

2.40%

2.50%

  May

2.40%

2.50%

  April

2.40%

2.50%

  March

2.40%

2.50%

  February

2.40%

2.50%

  January

2.40%

2.50%

5 Year Variable Rate

1.09% - 1.55%

  2021 (average)

1.74%

2.26%

  June

1.79%

2.39%

  May

1.79%

2.39%

  April

1.89%

2.39%

  March

1.89%

2.39%

  February

1.69%

1.99%

  January

1.39%

1.99%

  2020 (average)

2.02%

2.43%

  December

1.49%

1.99%

  November

1.59%

1.99%

  October

1.59%

2.04%

  September

1.79%

2.04%

  August

1.79%

2.19%

  July

1.89%

2.39%

  June

1.99%

2.39%

  May

2.24%

2.59%

  April

2.44%

2.89%

  March

2.29%

2.84%

  February

2.44%

2.84%

  January

2.64%

2.99%

  2019 (average)

2.72%

3.09%

  December

2.39%

2.89%

  November

2.29%

2.94%

  October

2.54%

2.94%

  September

2.49%

2.84%

  August

2.39%

2.79%

  July

2.49%

2.84%

  June

2.59%

2.84%

  May

2.79%

3.09%

  April

2.89%

3.19%

  March

3.14%

3.39%

  February

3.34%

3.59%

  January

3.29%

3.72%

  2018 (average)

3.15%

3.62%

  December

3.39%

3.82%

  November

3.49%

3.84%

  October

3.19%

3.64%

  September

3.19%

3.67%

  August

3.19%

3.67%

  July

3.14%

3.64%

  June

3.14%

3.64%

  May

3.14%

3.64%

  April

2.99%

3.54%

  March

2.99%

3.54%

  February

3.09%

3.49%

  January

2.89%

3.34%

  2017 (average)

2.54%

2.87%

  December

2.79%

3.29%

  November

2.69%

3.29%

  October

2.84%

3.29%

  September

2.84%

3.20%

  August

2.59%

2.99%

  July

2.64%

2.69%

  June

2.39%

2.49%

  May

2.24%

2.49%

  April

2.29%

2.59%

  March

2.39%

2.74%

  February

2.39%

2.74%

  January

2.44%

2.69%

  2016 (average)

2.30%

2.56%

  December

2.44%

2.64%

  November

2.29%

2.39%

  October

2.14%

2.39%

  September

2.14%

2.49%

  August

2.24%

2.49%

  July

2.24%

2.49%

  June

2.24%

2.59%

  May

2.34%

2.59%

  April

2.34%

2.59%

  March

2.34%

2.69%

  February

2.39%

2.69%

  January

2.44%

2.69%

  2015 (average)

2.45%

2.65%

  December

2.54%

2.69%

  November

2.44%

2.69%

  October

2.29%

2.59%

  September

2.39%

2.59%

  August

2.39%

2.59%

  July

2.39%

2.59%

  June

2.44%

2.59%

  May

2.44%

2.59%

  April

2.44%

2.69%

  March

2.49%

2.69%

  February

2.59%

2.69%

  January

2.59%

2.79%

  2014 (average)

2.88%

3.02%

  December

2.74%

2.89%

  November

2.74%

2.89%

  October

2.74%

2.89%

  September

2.74%

2.89%

  August

2.74%

2.89%

  July

2.79%

2.99%

  June

2.94%

3.09%

  May

2.94%

3.09%

  April

2.94%

3.09%

  March

2.94%

3.09%

  February

3.09%

3.19%

  January

3.19%

3.29%

British Columbia Mortgage Rates

Mortgage Rates are different across Canada. Rates are shown based on your location. If you're planning to purchase out-of-province, be sure to choose rates where the property will be located.

Canada Wide Mortgages

True North Mortgage can efficiently complete your mortgage anywhere you are in Canada — online, over the phone or at our store locations.