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British Columbia Mortgage Rates
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James Park
"Knock, knock. It's your future home." At True North Mortgage, a few minutes with us…
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A few minutes with us can save you thousands. At True North Mortgage, we're all…
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I have been a high volume mortgage broker for almost 15 years now and the…
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Nicole is a mortgage broker who works with you, whether you are purchasing, renovating, looking…
Learn MoreHistorical Mortgage Rates
For British Columbia - Last Updated Apr. 16 2023
5 Year Variable Rate
5.75% - 6.85%
2023 (average)
5.50%
6.60%
March
5.50%
6.60%
February
5.50%
6.60%
January
5.50%
6.60%
2022 (average)
2.94%
3.77%
December
5.25%
6.28%
November
4.75%
5.70%
October
4.75%
5.70%
September
4.25%
4.95%
August
3.50%
4.45%
July
3.50%
4.45%
June
2.46%
3.39%
May
1.95%
2.75%
April
1.78%
2.50%
March
1.13%
1.84%
February
0.99%
1.65%
January
0.99%
1.55%
2021 (average)
1.14%
1.58%
December
0.99%
1.55%
November
0.90%
1.55%
October
1.09%
1.55%
September
1.09%
1.55%
August
1.09%
1.55%
July
1.09%
1.55%
June
1.19%
1.55%
May
1.19%
1.55%
April
1.24%
1.55%
March
1.24%
1.55%
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 Fixed Rate
4.84% - 5.84%
2023 (average)
4.60%
5.84%
March
4.65%
5.84%
February
4.67%
5.84%
January
4.49%
5.84%
2022 (average)
4.03%
4.82%
December
4.69%
5.82%
November
4.92%
5.74%
October
5.01%
5.70%
September
4.44%
5.54%
August
4.34%
5.54%
July
4.52%
5.54%
June
4.37%
5.10%
May
3.89%
4.66%
April
3.72%
4.23%
March
3.14%
3.64%
February
2.74%
3.20%
January
2.52%
3.07%
2021 (average)
1.89%
2.43%
December
2.39%
2.94%
November
2.37%
2.91%
October
2.12%
2.56%
September
1.84%
2.39%
August
1.79%
2.39%
July
1.79%
2.39%
June
1.79%
2.39%
May
1.79%
2.39%
April
1.89%
2.39%
March
1.89%
2.32%
February
1.62%
1.99%
January
1.43%
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%
Beautiful British Columbia: A desirable housing market, tougher affordability.
Throughout BC, housing markets can typically see higher demand and prices. Home prices are slowly recovering from last year's drop from peak, with back-to-back gains seen in the first quarter of 2023. Sales are also on the uptick, though low inventory has eked the market back to the seller's advantage. The West Coast is logging in more housing starts compared to the rest of Canada, which may help relieve future inventory levels. Higher mortgage rates combined with higher prices mean that many BC centres (especially Greater Vancouver) are more challenging for first-time home buyers.
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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.
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