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Best Mortgage Rates in Manitoba

We make searching for the best mortgage rates in Manitoba easy for the consumers. If you are looking for a fixed or variable rate mortgage you can find the lowest and up-to-date mortgage rates currently offered in Manitoba below.

Best 3-Year Fixed Rate

Simplii Financial

2.79%

3 Year Fixed

90 Days

Hold until Feb 12

$1,480.12

Payment

Best 3-Year Variable Rate

Bank of Montreal

3.75%

3 Year Variable

30 Days

Hold until Dec 14

$1,640.18

Payment

Best 5-Year Fixed Rate

motusbank

2.64%

5 Year Fixed

90 Days

Hold until Feb 12

$1,455.90

Payment

Best 5-Year Variable Rate

Meridian Credit Union

2.9%

5 Year Variable

60 Days

Hold until Jan 13

$1,498.01

Payment

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About Manitoba 

At the heart of Canada at least geographically is Manitoba, a prairie province with Winnipeg as the capital and the seat of government, which is also home of more than 50% of its population. It is well-known for its highly varied landscape, the Aboriginal peoples, and deep history and culture. 

Mortgage Stats in Manitoba 

The average age of the borrower in Manitoba is 37 years old, which is somewhat younger than that of other regions such as Ontario or British Columbia. The youngest applicant can be 19 years old. Mortgage applications, meanwhile, are higher among those that want to refinance or consolidate their debt, as well as for people who are categorized as first-time home buyers.

They are followed by individuals who are interested in buying a new home. There’s a very small interest in mortgage renewal. Winnipeg ranks first in terms of mortgage applications and inquiries. The average home loan in the city is more than $158,000, which is interestingly cheaper than other neighbourhoods like Brandon and Thompson.

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