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, improving affordability?

In August 2026, BC average home sales fell 4.7% year over year as more buyers pulled back amid economic volatility and lower inventory. Almost all centres posted sales drops. Okanagan-Mainline recorded the steepest decline at 19.1%, followed by Chilliwack and Vancouver Island. Victoria was the outlier, reporting a sales gain of 12.8%.

The provincial home price remained unchanged, standing at $926,375. Most centres recorded slight price declines, ranging from -5.4% to -0.8%. Kootenay, Victoria, and Chilliwack saw price increases, ranging from +14.8% to +1%.

New listings fell across most centres compared to last year as sellers also pulled back. Chilliwack posted the largest decrease in listings at 21.4%, while Victoria and Vancouver Island saw new listings rise.

Overall, the province was a balanced market, with a 50% SNLR (sales-to-new-listings ratio), up 2.4% year over year — tightening slightly in response to reduced inventory, despite the sales decline.

Most of BC's housing markets remain softer than those in other provinces (Ontario is another exception), with price declines likely still a repercussion of the province's loftier price ceiling. Experts were optimistic that signs of housing recovery were emerging after last year's cooling — but an escalating U.S. trade war and sustained higher oil prices are softening outlooks again for this year.

Source: CREA Monthly News Release

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