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.

British Columbia's housing market activity continued its cooling trend in May 2025, with a 10% decline in average home sales compared to last May. Most of BC's main centres recorded a dip in home sales, ranging from 35.3% to 2.3%, with a few seeing slight increases, from 1.5% in Victoria to 1% on Vancouver Island.

New listings in the province were divided. Those that gained listings were Chilliwack (14.8%), followed by Greater Vancouver (5.5%), Victoria (3.2%), Vancouver Island (1.2%) and Kamloops (0.2%). On the other side of the fence, Fraser Valley listings were down by 9.2%, Northern BC by 4.8%, Kelowna by 4.5%, and Kootenay by 1.7%.

BC remains a buyer's market in May, with a 39% SNLR (sales-to-new-listings ratio) — a 6% decline from the same month last year. Regions such as the GVA, Fraser Valley, and Kelowna are the province's outlier buyer's markets, with the Kootenay region continuing as a seller's market outlier, boasting a 60% SNLR.

Thanks to an increase in available homes and a decline in demand, the average BC home price decreased by 4.4% year-over-year to $941,284. A few areas experienced home price growth, such as Northern BC, Kelowna, Vancouver Island, and Kamloops, ranging from +6.8% to +1.3%.

Housing starts across BC dipped by 30% compared to last month, ranging from 75% in Vancouver to 12% in Nanaimo. Abbotsford posted a considerable rise in starts, up 87%.

Home buyers remain cautious amid U.S. tariff turmoil, concerned about financial outcomes, likely waiting longer to see what happens with interest rates and the economy before considering a housing move.

Data Source: Sagen Housing Market Updates