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.

The monthly comparison story shows some improvement. However, overall, British Columbia's housing market activity continued a year-over-year cooling trend this June 2025, with a 3.9% decrease in average home sales compared to last year, even though many of its centres still posted an increase.

The largest sales increases were seen in Victoria and Vancouver Island (both +12.2%) — with the GVA and Fraser Valley holding the province back to the tune of a roughly 13% sales drop. 

Along with the provincial average sales decline, the average BC home price also decreased, by 4.4% year-over-year to $949,324. The decline was led by the GVA and Vancouver Island price drop of 6.2% and 2.2%, respectively. Most BC centres showed home price growth from 12.4% to 0.4%.

New listings grew in Northern BC (+6.6%), Kamloops (+5.4%), Greater Vancouver Area (+3.8%), and the Fraser Valley (+2.1%). On the decline side, Chilliwack and Vancouver Island posted steeper numbers (down 20.6% and 11.5%, respectively), while other areas saw drops of about 4.1% to 7.2%.

BC is a balanced market provincially, with a 42% SNLR (sales-to-new-listings ratio) — a 1% decline from the same month last year. The GVA and Fraser Valley continue to be strong buyer's markets, with 35% and 33% SNLRs. On the other hand, Northern BC and Kootenay are holding court in a seller's market, with higher SNLRs of 67% and 62%.

Housing starts across BC grew by a substantial 72%, month over month, with Abbotsford recording a surge of 130% and Victoria increasing by 23%. However, compared to the beginning of this year, housing starts have dropped for some centres, ranging from -70% in Nanaimo to -11% in Vancouver. 

Home buyers remain cautious amid U.S. tariff turmoil, concerned about financial outcomes. However, some are wading into housing markets, as uncertainty is the only certainty, and they're taking advantage of deals or they simply can't hold off any longer to see what happens with interest rates and the economy.

Data Source: Sagen Housing Market Updates