British Columbia Mortgage Rates

Name: True North Mortgage Historical Rates for 5 year fixed rates in British Columbia
Creator: True North Mortgage
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Last Updated: Dec 07, 2025

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Historical Mortgage Rates

For British Columbia - Last Updated Dec 01 2025

5 Year Variable Rate

3.60% - 5.00%

2025 (average)

4.04%

5.06%

November

3.60%

5.00%

October

3.60%

5.00%

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

3.99% - 5.00%

2025 (average)

4.03%

5.51%

November

3.77%

5.00%

October

3.79%

5.25%

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.

In September 2025, it was a mixed bag for British Columbia’s housing market. Provincially, despite home prices showing an overall dip of -0.3%, most regions actually saw gains, except for a decline in the Fraser Valley and little change in the Greater Vancouver Area (GVA).

BC home sales also dropped by 0.3% from the same month last year, with increases seen in Kamloops, Kelowna, and Northern BC. New listings were also mixed; GVA was down by 2.6% even though it remains a buyer's market. The rest of the province displayed as a balanced market, with a 43% SNLR (sales-to-listings ratio), except for Fraser Valley, which joined the GVA in a buyer's market.

Housing starts took a 20% year-over-year dive across BC, while multi-family building also declined by 23% in mid- to large-sized centres.

B.C Housing Market Update

BC September 2025 Housing Statistics

	Number Sold	% YOY	Average Price	% YOY	New Listings	% YOY	Sales to Listing Ratio	Market
GVA	1,933	-3.4	1,257,457	-0.3	5,112	-2.6	38	Buyers
Victoria	542	-4.7	1,042,618	+9.2	1,156	-1.4	47	Balanced
Chilliwack	192	-14.7	775,003	+1.4	423	-11.7	45	Balanced
Fraser Valley	948	-6.5	998,297	-4.3	2,792	-5.3	34	Buyers
Kamloops	210	+18	625,022	+3	414	+2	51	Balanced
Kootenay	212	-16.9	568,010	+1.7	424	+9.3	50	Balanced
Kelowna	626	+30.7	809,823	+8.5	1,333	+7.7	47	Balanced
Vancouver Island	616	-1.1	750,283	+1.9	1,104	-7.4	56	Balanced
Northern B.C.	336	+10.2	442,284	+2.8	525	-11.5	64	Sellers

Data Source: Sagen Housing Market Updates

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