The Best Mortgage Rates in B.C
Getting the best mortgage rate can save you thousands of dollars. Use RateSupermarket.ca's mortgage comparison search engine below to search the best mortgage rates offered by all lenders in British Columbia.

Get Started: To find the best mortgage rate, select the features you'd like to search for and click 'Update Results'.

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Frequently Asked Questions

How come I haven't heard of some of these lenders?

RateSupermarket.ca's comparison engine includes rates from 100+ lenders across Canada. These lenders include credit unions and mortgage brokers in addition to banks. The lowest rates in Canada are featured first, and they may not always be provided by a big bank.

How do I compare mortgage rates?

To compare mortgage rates select the "Mortgages" tab above. From there, enter what you're looking for:

Mortgage Type: select if you want to search for either a fixed or variable mortgage rate. (Most Popular Choice: Fixed)

Mortgage Term: the length of your mortgage term (Most Popular: Five Year)

Mortgage Value: the value of your mortgage

Amortization Term: how long it will take you to pay off your mortgage

Once you've provided these details, RateSupermarket.ca will search over 100+ lenders across Canada to provide you with the best mortgage rates based on your needs. Once you find a mortgage rate you're interested in, you can either click through to that provider's website, or arrange for a mortgage expert to call you back about that rate.

What's the difference between a fixed mortgage rate and a variable mortgage rate?

A fixed mortgage rate allows you to lock in to that rate for a set period of time (i.e. the mortgage term), while a variable mortgage rate changes based on the mortgage lender's prime rate.

This may increase or decrease during the life of the mortgage, and can fluctuate with market conditions. You may pay more or less on your mortgage payments month-to-month with a variable mortgage rate.

For a complete comparison of the two, read: What's Better? A Fixed Mortgage Rate or Variable Mortgage Rate.

Are mortgage rates in Canada going up or down in the next 30-40 days?

RateSupermarket.ca's Mortgage Rate Outlook Panel asks a panel of mortgage experts every month for an outlook of the Canadian mortgage rate market over the next 30-40 days. Read this month's outlook on the Canadian mortgage rate market.

What is a HELOC?

A Home Equity Line of Credit (HELOC) is loan secured against the value of your home. You can borrow up to 65% of your home's value with this kind of loan, minus your remaining mortgage payments.

Who is RateSupermarket.ca?

RateSupermarket.ca is Canada's independent personal finance rate comparison site. See how your rate stacks up by comparing 100+ lenders across Canada for mortgage rates, credit cards, bank accounts, savings accounts, GICs, and insurance quotes.

Please note:
  • Rate and product information are subject to change at any time and do not constitute financial advice. Please contact supplier for complete details.
  • Rate and product information is provided by RateSupermarket.ca

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