British Columbia Mortgage Rates
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Learn MoreHistorical Mortgage Rates
For British Columbia - Last Updated Oct 02 2025
5 Year Variable Rate
3.85% - 5%
2025 (average)
4.14%
5.08%
September
3.85%
5.00%
August
4.10%
5.00%
July
4.10%
5.00%
June
4.10%
5.00%
May
4.10%
5.00%
April
4.10%
5.00%
March
4.10%
5.00%
February
4.35%
5.25%
January
4.44%
5.44%
2024 (average)
5.52%
6.75%
December
4.35%
5.50%
November
4.85%
5.95%
October
5.10%
6.20%
September
5.25%
6.45%
August
5.50%
6.70%
July
5.50%
6.70%
June
5.75%
7.05%
May
5.99%
7.30%
April
5.99%
7.30%
March
5.99%
7.30%
February
5.99%
7.30%
January
5.99%
7.30%
2023 (average)
5.77%
6.96%
December
5.99%
7.30%
November
5.99%
7.30%
October
5.99%
7.30%
September
5.99%
7.30%
August
5.99%
7.30%
July
6.00%
7.19%
June
5.75%
6.85%
May
5.50%
6.60%
April
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
3.89% - 5.49%
2025 (average)
4.05%
5.54%
September
3.97%
5.49%
August
4.07%
5.49%
July
4.14%
5.49%
June
4.09%
5.49%
May
4.09%
5.49%
April
3.94%
5.49%
March
3.89%
5.54%
February
4.04%
5.69%
January
4.24%
5.69%
2024 (average)
4.59%
6.31%
December
4.24%
5.69%
November
4.24%
5.69%
October
4.24%
5.69%
September
4.27%
5.77%
August
4.47%
5.79%
July
4.64%
5.79%
June
4.69%
6.89%
May
4.79%
6.89%
April
4.84%
6.89%
March
4.79%
6.89%
February
4.92%
6.89%
January
4.90%
6.89%
2023 (average)
5.03%
6.33%
December
5.12%
6.89%
November
5.44%
6.89%
October
5.62%
6.89%
September
5.47%
6.89%
August
5.37%
6.89%
July
5.19%
6.39%
June
4.92%
5.95%
May
4.57%
5.84%
April
4.84%
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.
British Columbia’s housing market continued sluggish improvement in August 2025, with an increase in average home sales in most centres, up by 5.1% year over year. Â
The biggest sales boost belonged to Kelowna, up by 19.5%, followed by Kamloops (13.8%), the GVA (8.3%), Vancouver Island (7.8%), northern BC (6.3%), Kootenay (2.6%) and Victoria (1%). Sales declines were only seen in Chilliwack (-10.9%) and Fraser Valley (-6.5%).Â
The BC provincial average home price is still in decline, dropping by 1.5% year-over-year to $955,905. The decrease was led by Fraser Valley, GVA and Kelowna, with price drops of 5.9%, 2.5%, and 0.9%, respectively. Some BC centres showed modest home price growth ranging from +5.7% in Victoria to +2.4% in the Kootenay region.
New listings showed that many sellers are still holding back. While this metric rose slightly in some areas, such as Victoria (4.4%), Fraser Valley (3%), GVA (1.6%) and Northern BC (0.9%), other centres declined, ranging from -11.1% in Vancouver Island to -2.7% Kamloops.Â
BC is a balanced market provincially, with a 45% SNLR (sales-to-new-listings ratio) — a 2% rise year over year. Fraser Valley remained a strong buyer’s market at 34% SNLR, while Northern BC was still holding court in a seller’s market, with a higher SNLR of 65%.
Housing starts across BC dipped by 19% compared to last month, ranging from -56% in Nanaimo to -0.6% in Vancouver, despite Abbotsford recording a surge of 150% and Victoria increasing by 31%.
Home buyers remain cautious amid the economic uncertainty brought about by U.S. trade turmoil. Will the recent Bank of Canada interest rate cut spur activity into Fall 2025?
Get more housing stats here
Read our Housing Market Forecast (2025-2027)
Read our Rate Forecast (2025-2027)
Data Source: Sagen Housing Market Updates
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British Columbia Mortgage Rates
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British Columbia
- Abbotsford ,
- Burnaby ,
- Chilliwack ,
- Coquitlam ,
- Courtenay ,
- Kamloops ,
- Kelowna ,
- Nanaimo ,
- New Westminster ,
- Prince George ,
- Richmond ,
- Saanich ,
- Surrey ,
- Vancouver ,
- Vernon ,
- Victoria ,
- White Rock
Alberta
- Airdrie ,
- Calgary ,
- Edmonton ,
- Fort McMurray ,
- Grande Prairie ,
- Lethbridge ,
- Lloydminster ,
- Medicine Hat ,
- Red Deer
Saskatchewan
Manitoba
Ontario
- Barrie ,
- Belleville ,
- Brampton ,
- Brantford ,
- Burlington ,
- Cornwall ,
- Guelph ,
- Hamilton ,
- Kanata ,
- Kingston ,
- Kitchener ,
- London ,
- Markham ,
- Milton ,
- Mississauga ,
- Niagara Falls ,
- North Bay ,
- Oakville ,
- Oshawa ,
- Ottawa ,
- Peterborough ,
- Sarnia ,
- Sault Ste. Marie ,
- St. Catharines ,
- Sudbury ,
- Thunder Bay ,
- Toronto ,
- Vaughan ,
- Windsor ,
- Woodstock
Quebec
Atlantic Canada
- Charlottetown ,
- Fredericton ,
- Halifax ,
- Moncton ,
- Saint John ,
- St. John's