British Columbia Mortgage Rates
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Historical Mortgage Rates
For British Columbia - Last Updated May 01 2025
5 Year Variable Rate
4.1% - 5%
2025 (average)
4.25%
5.17%
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
4.09% - 5.49%
2025 (average)
4.03%
5.60%
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 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
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British Columbia Mortgage Rates
Mortgage Rates are different across Canada. Rates are shown based on your location. If you're planning to purchase out-of-province, be sure to choose rates where the property will be located.
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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