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 warmed up this summer, with provincial home sales up by 1.6% in July 2025, year over year.

The BC centre with the highest sales increase was Vancouver Island, up by 13.1%, followed by Kootenay, Kelowna, and Kamloops with 9.4%, 9.2% and 9.1%, respectively. Other centres with notable increases are Northern BC (5.7%) and Victoria (4.9%). On the decline side, Chilliwack experienced a sales drop of 11%, followed by Fraser Valley (-5%) and GVA (-2.4%). 

BC home prices are still recovering from the market slowdown, with the average home price dropping by 2.4% year-over-year to $961,305. The decline was led by Kelowna, the GVA and Victoria, with price drops of 4%, 3.8%, and 1.1%. The rest of the BC centres showed home price growth from 10.2% to 0.2%.

New listings significantly grew in Kamloops (+13.2%) and Victoria (+2.2%), while Vancouver Island and Kootenay experienced the most pronounced slowdowns at around -6.0%. Other areas saw drops of about 5.5% to 0.9%.

BC is a balanced market provincially, with a 45% SNLR (sales-to-new-listings ratio) — a 2% rise from the same month last year. Fraser Valley remained a strong buyer’s market at 36% SNLR, while Northern BC and Kootenay were still holding court in a seller’s market, with higher SNLRs of 68% and 67%.

Housing starts across BC dipped by 15%, month over month, with Abbotsford recording a surge of 147% and Victoria increasing by 29%. However, year-to-date, housing starts have dropped for some centres, ranging from -71% in Nanaimo to -5% in Vancouver. 

Home buyers remain cautious amid U.S. tariff turmoil. Yet, more are coming off the sidelines to take advantage of deals or are growing impatient, waiting to see where interest rates and the economy may be going.

Get more housing stats here

Data Source: Sagen Housing Market Updates