British Columbia Mortgage Rates

It makes sense to save more with our lower mortgage rates in BC.

A few minutes to save thousands.

In this competitive housing market, our expert, highly trained True North Mortgage brokers can help you secure your lowest rates (for which you qualify). We know the housing market landscape and can offer you discounted BC mortgage rates, even from your own bank — thanks to our strong relationships with lenders.

A better mortgage with your best rate.

With your great rate, getting the best mortgage fit also matters, whether your needs are straightforward or complex. You need flexible mortgage options that can save you cash on fees or penalties if you want to make a change, or help you pay down your mortgage faster to save thousands on interest costs (if you happen into extra funds).

Get your lower rate with less stress.

Mortgage interest rates are only part of your mortgage experience. Your best rate should come with a simple, streamlined process from your pre-approval down to signing on the (mortgage) bottom line. Our expert brokers make it easy, no matter your mortgage details.

Whether you’re a first-time buyer, or looking for an income investment property or vacation home, get pre-approved fast to know what your qualification numbers. And have peace of mind that you have a broker who's obsessed with saving you money, time and stress.

Visit us, call or apply online today!

Hold your rate today!

Mortgage interest rates can change quickly — contact us to hold your low current BC mortgage rates for up to 4 months (depending on the lender). If you're renewing or refinancing, it's important that you know the options that can help you save a lot more — not just take what your bank gives you.

We really know mortgages — no matter your mortgage needs, we have the expertise and free service, with no obligation, to help you save and reach your financial goals.

Come home to your best mortgage. Visit us, call or apply online today.

Your best rate comes with unbeatable service.

We beat out the competition again, not just on rates but with the most 5-star reviews in the mortgage business. Your expert True North Mortgage broker cares about your experience — and offers several convenient ways to help you get pre-approved quickly, in your preferred language.

Beautiful British Columbia: A desirable housing market, tougher affordability.

British Columbia's housing market activity cooled down in March 2025 with a -15% decline in average home sales year over year. Most BC main centres recorded a dip in home sales, ranging from -31% to -2%. However, other main centres saw better sales, such as Northern BC, Kootenay and Kelowna, with impressive increases from 16% to 0.8% — despite the province's current 'dampened' housing market.

Most main BC centres logged a rise in new listings from last year, with only Kelowna recording a decline of -0.7%. Increases ranged from 20% in Fraser Valley to 2% in Chilliwack. Despite this new-listings boost, it was lower than last quarter's numbers.

With the March cool down, many housing markets in BC were balanced, while GVA, Fraser Valley and Kelowna remained buyer's markets. Overall, the province is still firmly in a buyer's market with a 37% SNLR (sales-to-new-listings ratio) — a decline of 12% points year on year.

Thanks to more homes to choose from and a decline in demand, the average BC home price decreased by 4.6% to $935,600 year-over-year. Some BC housing markets, such as Vancouver Island, Kootenay and Northern BC, still saw average home prices increase, with +6%, +5%, and +4.5% growth, respectively.

Housing starts across BC climbed to 5% compared to February 2025. Some main centres saw housing start declines, such as Vancouver, Victoria, Kelowna and Nanaimo, ranging from -48% to -33%. However, Abbotsford, still an outlier, recorded a massive starts increase of 122%.

Buyers remain cautious amid U.S. tariff turmoil, concerned about financial outcomes, and perhaps waiting longer to see what happens with interest rates and the economy before considering a housing move.

Data Source: Sagen Housing Market Updates