British Columbia Mortgage Rates

Name: True North Mortgage Historical Rates for 5 year fixed rates in British Columbia
Creator: True North Mortgage
License: https://creativecommons.org/publicdomain/zero/1.0/

Looking for the best mortgage rates in British Columbia?

In beautiful BC, get your beautifully-lower rate and unbiased advice to save thousands. Apply or call us today.

Last Updated: Dec 01, 2023

Find a better rate? We'll beat it or give you $500

Guaranteed

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. You need flexible mortgage options that can save you cash on fees or penalties if you need 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!

We're obsessed with your best rate

Proof that our rates are lower.

Our rates are 0.20% lower on average compared to everyone else. Prove it? Okay!

Learn More

Compare & Save Calculator

The slider button tells all. Like how much you save with our lower rates.

Learn More

2023 Mortgage Rate Forecast

Recently updated. Will we see rates ease this year? CEO Dan Eisner offers some insight…

Learn More

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.

Great mortgage rates, in person! Visit a BC store Today

Metropolis at Metrotown

Come on down! Talk to a friendly broker for your best rate and better mortgage. …

Learn More

Royal Centre

We're here, in person, to help you save a pile of cash. Come see…

Learn More

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.

BC Mobile Mortgage Brokers

Chris Rempel

A few minutes with us can save you thousands. At True North Mortgage, we're all…

Learn More

Jamie Slusarchuk

I have been a high volume mortgage broker for almost 15 years now and the…

Learn More

Nicole Clarkson

Nicole is a mortgage broker who works with you, whether you are purchasing, renovating, looking…

Learn More

Historical Mortgage Rates

For British Columbia - Last Updated Nov 10 2023

5 Year Variable Rate

5.99% - 7.3%

2023 (average)

5.72%

6.89%

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

5.24% - 6.89%

2023 (average)

4.98%

6.22%

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.

Throughout BC, housing markets can typically see higher demand and prices. Home price averages showed flat progress across the summer months as sales declined about 40% compared to 2021 peaks, but were still up year-over-year by about 5% as both housing starts and inventory remain elusive. Higher mortgage rates combined with higher prices mean that many BC centres (especially Greater Vancouver) are more challenging for first-time home buyers.

Your best rates and advice, here's more

Variable vs Fixed Mortgage Rates

Which to choose, variable or fixed? Some pros and cons to help you decide.

Learn More

Worried about your renewal?

Higher rates may paint you into a corner. Here’s help to find a way out.…

Learn More

How Government Bond Yields Relate To Mortgage Rates

Want to know where fixed rates are going? Watch bond yields.

Learn More

It's free and no obligation to see your best rate today.

Easily apply online Find your expert broker