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.

In January 2026, BC average home sales declined by 19.4% year over year, primarily due to tariff uncertainty and a significant reduction in immigration, which reduced housing demand. The downturn was led mainly by Kamloops, Chilliwack, the Greater Vancouver Area (GVA), Kootenay, and Fraser Valley, while Northern BC was the only centre to record a sales gain. 

The average provincial home price also decreased by 1.6% to $947,416, dragged by Kootenay, Fraser Valley, and Vancouver Island. Some BC centres saw price increases, from +12.1% in Chilliwack to +0.2% in Kelowna.

New listings also dropped in most centres compared to January 2025, with many sellers likely waiting for a warmer market and better price for their home. 

Chilliwack posted the steepest drop at -23.4% while Kootenay and Victoria saw gains. Overall, the province shifted more sharply into a buyer's market, with a 35% SNLR (sales-to-listings ratio), down 5% year over year. Two centres logged in a balanced market, Kootenay and Vancouver Island, with only one seller's market outlier: Northern BC.

In BC's larger centres, multi-family housing starts were up 48% year over year, while single-detached starts increased 5%.

Real estate experts are hoping to see activity improvement as spring approaches, though many home-buying and selling decisions are likely to hinge on how BC residents feel about U.S. trade and the Canadian economy.

Read more:
Housing Stats
Housing Market Forecast (2026-2029)
Rate Forecast (2026-2030)