Manitoba Mortgage Rates
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Your best mortgage rates in Manitoba help you spend less on owning a home.
Which can leave you more cash for other things — like new furniture, a deck or a furnace upgrade.
At True North Mortgage, our expert, friendly mortgage brokers get you a better rate. We regularly beat out competitors by an average of 0.20% and have for years.
We do huge volume and pass along a rate discount. Plus, our unbiased advice comes from access to several accredited lenders and thousands of products — which just happens to be how we can quickly sort through the 'lender noise' to find your best rate.
Why go to your bank? Their rates are higher. And they're not as flexible.
You can get a better rate AND mortgage through us, sometimes with your bank.
Whether you prefer a fixed or variable rate, we'll take you through all the details, quickly and simply, so that you can make clear decisions for your mortgage goals.
We know the area, and we're able to analyze your unique situation and help you find the right lender for your needs. Along with your best rate, you'll get flexible mortgage options, whether your needs are straightforward or more complex, that can also save you money now and later when it's time to renew or refinance (think pre-payment penalties!).
Give us a shout, or apply online today.
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Continually updated. Where are the economy and rates headed in 2025? CEO Dan Eisner offers…
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As the top-rated mortgage brokers in Manitoba, we work hard to handle all the details for you, along with getting your lowest-possible rate (for which you qualify).
Your mortgage is made simple, no matter your details. We answer all your questions and get the deal done on time. Add your mortgage rate savings to the equation — and there's no better mortgage service out there.
Check out our 5-star reviews to see what our amazing clients have to say! Get in touch with us online, over the phone, or one of our Mobile Brokers can come to you.
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Learn MoreRates change. We can hold yours today.
Mortgage rates in Manitoba can change at any time. If you're thinking of buying a home or need to renew or refinance — get a fast pre-approval today to hold your best rate.
If rates go up, you're protected and if they go down, your broker ensures your rate hold reflects the decrease. Plus, mortgages are all we do, and you'll get great advice on the right lender and product with your great rate to help you save more.
With us, your rate hold is free with no obligation. Contact us or apply online today.
Historical Mortgage Rates
For Manitoba - Last Updated Dec 01 2024
5 Year Fixed Rate
4.24% - 5.69%
2024 (average)
4.66%
6.44%
October
4.24%
5.69%
September
4.27%
5.77%
August
4.47%
5.79%
July
4.64%
5.79%
June
4.69%
6.89%
May
4.79%
6.89%
April
4.84%
6.89%
March
4.79%
6.89%
February
4.92%
6.89%
January
4.90%
6.89%
2023 (average)
5.03%
6.33%
December
5.12%
6.89%
November
5.44%
6.89%
October
5.62%
6.89%
September
5.47%
6.89%
August
5.37%
6.89%
July
5.19%
6.39%
June
4.92%
5.95%
May
4.57%
5.84%
April
4.84%
5.84%
March
4.65%
5.84%
February
4.67%
5.84%
January
4.49%
5.84%
2022 (average)
4.03%
4.82%
December
4.69%
5.82%
November
4.92%
5.74%
October
5.01%
5.70%
September
4.44%
5.54%
August
4.34%
5.54%
July
4.52%
5.54%
June
4.37%
5.10%
May
3.89%
4.66%
April
3.72%
4.23%
March
3.14%
3.64%
February
2.74%
3.20%
January
2.52%
3.07%
2021 (average)
1.89%
2.42%
December
2.39%
2.94%
November
2.37%
2.91%
October
2.12%
2.56%
September
1.84%
2.39%
August
1.79%
2.39%
July
1.79%
2.39%
June
1.79%
2.39%
May
1.79%
2.39%
April
1.89%
2.39%
March
1.89%
2.29%
February
1.62%
2.06%
January
1.43%
1.99%
2020 (average)
2.03%
2.43%
December
1.49%
1.99%
November
1.59%
1.99%
October
1.62%
2.04%
September
1.77%
2.05%
August
1.82%
2.22%
July
1.89%
2.39%
June
1.99%
2.42%
May
2.23%
2.65%
April
2.43%
2.88%
March
2.35%
2.68%
February
2.49%
2.86%
January
2.64%
3.01%
2019 (average)
2.78%
3.09%
December
2.58%
2.93%
November
2.40%
2.92%
October
2.52%
2.94%
September
2.53%
2.85%
August
2.59%
2.79%
July
2.59%
2.84%
June
2.66%
2.90%
May
2.84%
3.09%
April
2.92%
3.19%
March
3.15%
3.37%
February
3.32%
3.58%
January
3.30%
3.69%
2018 (average)
3.15%
3.62%
December
3.39%
3.80%
November
3.40%
3.83%
October
3.22%
3.67%
September
3.19%
3.67%
August
3.19%
3.66%
July
3.14%
3.61%
June
3.14%
3.61%
May
3.14%
3.61%
April
3.00%
3.54%
March
3.00%
3.54%
February
3.07%
3.48%
January
2.92%
3.38%
2017 (average)
2.79%
3.29%
December
2.79%
3.29%
November
2.72%
3.29%
October
2.87%
3.29%
September
2.76%
3.16%
August
2.59%
2.99%
July
2.56%
2.78%
June
2.39%
2.49%
May
2.24%
2.54%
April
2.34%
2.67%
March
2.39%
2.72%
February
2.39%
2.72%
January
2.44%
2.74%
2016 (average)
2.34%
2.56%
December
2.42%
2.69%
November
2.25%
2.47%
October
2.24%
2.39%
September
2.34%
2.49%
August
2.34%
2.49%
July
2.34%
2.49%
June
2.34%
2.49%
May
2.34%
2.59%
April
2.34%
2.59%
March
2.34%
2.69%
February
2.39%
2.69%
January
2.44%
2.69%
2015 (average)
2.45%
2.66%
December
2.47%
2.69%
November
2.47%
2.69%
October
2.34%
2.59%
September
2.39%
2.59%
August
2.39%
2.59%
July
2.39%
2.59%
June
2.44%
2.59%
May
2.44%
2.59%
April
2.44%
2.69%
March
2.49%
2.69%
February
2.54%
2.79%
January
2.59%
2.79%
2014 (average)
2.88%
3.04%
December
2.69%
2.89%
November
2.74%
2.89%
October
2.74%
2.89%
September
2.74%
2.89%
August
2.74%
2.89%
July
2.79%
2.99%
June
2.89%
3.04%
May
2.89%
3.04%
April
2.97%
3.15%
March
2.97%
3.15%
February
3.09%
3.29%
January
3.29%
3.39%
5 Year Variable Rate
4.35% - 5.5%
2024 (average)
5.71%
6.96%
October
5.10%
6.20%
September
5.25%
6.45%
August
5.50%
6.70%
July
5.50%
6.70%
June
5.75%
7.05%
May
5.99%
7.30%
April
5.99%
7.30%
March
5.99%
7.30%
February
5.99%
7.30%
January
5.99%
7.30%
2023 (average)
5.77%
6.96%
December
5.99%
7.30%
November
5.99%
7.30%
October
5.99%
7.30%
September
5.99%
7.30%
August
5.99%
7.30%
July
6.00%
7.19%
June
5.75%
6.85%
May
5.50%
6.60%
April
5.50%
6.60%
March
5.50%
6.60%
February
5.50%
6.60%
January
5.50%
6.60%
2022 (average)
2.94%
3.76%
December
5.25%
6.28%
November
4.75%
5.70%
October
4.75%
5.70%
September
4.25%
4.95%
August
3.50%
4.45%
July
3.50%
4.45%
June
2.46%
3.39%
May
1.95%
2.75%
April
1.78%
2.42%
March
1.13%
1.84%
February
0.99%
1.65%
January
0.99%
1.55%
2021 (average)
1.14%
1.58%
December
0.99%
1.55%
November
0.90%
1.55%
October
1.09%
1.55%
September
1.09%
1.55%
August
1.09%
1.55%
July
1.09%
1.55%
June
1.19%
1.55%
May
1.19%
1.55%
April
1.24%
1.55%
March
1.24%
1.55%
February
1.24%
1.65%
January
1.29%
1.75%
2020 (average)
1.91%
2.24%
December
1.38%
1.79%
November
1.55%
1.80%
October
1.55%
1.90%
September
1.63%
1.88%
August
1.67%
2.00%
July
1.79%
2.04%
June
1.79%
2.04%
May
1.96%
2.23%
April
2.02%
2.40%
March
2.24%
2.64%
February
2.70%
3.10%
January
2.70%
3.10%
2019 (average)
2.70%
3.20%
December
2.70%
3.10%
November
2.70%
3.10%
October
2.70%
3.10%
September
2.70%
3.10%
August
2.70%
3.10%
July
2.70%
3.10%
June
2.70%
3.10%
May
2.70%
3.20%
April
2.75%
3.20%
March
2.75%
3.40%
February
2.70%
3.45%
January
2.65%
3.45%
2018 (average)
2.34%
2.89%
December
2.65%
3.35%
November
2.65%
3.25%
October
2.48%
3.02%
September
2.40%
2.80%
August
2.40%
2.80%
July
2.40%
2.80%
June
2.15%
2.60%
May
2.19%
2.55%
April
2.21%
2.85%
March
2.21%
2.85%
February
2.21%
2.85%
January
2.17%
2.94%
2017 (average)
2.00%
2.75%
December
1.98%
2.75%
November
1.98%
2.75%
October
2.05%
2.75%
September
2.15%
2.67%
August
1.90%
2.50%
July
1.95%
2.50%
June
1.75%
2.25%
May
1.75%
2.25%
April
1.80%
2.25%
March
1.80%
2.30%
February
1.80%
2.30%
January
2.05%
2.30%
2016 (average)
2.08%
2.30%
December
2.05%
2.30%
November
2.05%
2.30%
October
2.05%
2.30%
September
2.05%
2.30%
August
2.05%
2.30%
July
2.05%
2.30%
June
2.05%
2.30%
May
2.10%
2.30%
April
2.10%
2.30%
March
2.10%
2.30%
February
2.15%
2.30%
January
2.15%
2.30%
2015 (average)
1.97%
2.19%
December
2.10%
2.20%
November
2.02%
2.13%
October
1.90%
2.05%
September
1.90%
2.05%
August
1.85%
2.05%
July
1.92%
2.25%
June
2.05%
2.25%
May
1.98%
2.25%
April
1.98%
2.25%
March
1.98%
2.25%
February
1.98%
2.25%
January
1.95%
2.25%
2014 (average)
2.31%
2.44%
December
2.10%
2.35%
November
2.15%
2.35%
October
2.15%
2.35%
September
2.20%
2.35%
August
2.25%
2.35%
July
2.30%
2.50%
June
2.40%
2.50%
May
2.40%
2.50%
April
2.40%
2.50%
March
2.40%
2.50%
February
2.40%
2.50%
January
2.58%
2.50%
Friendly Manitoba: Affordable markets worth a look (and a stay).
In October 2024, housing markets across Manitoba saw (another month of) an average sales gain of 11.5% compared to this time last year.
Winnipeg and Brandon sales rose by 13.3% and 4.6%, respectively. Portage La Prairie sales declined by -25%, though not as sharp a decline as September's -45%.
Manitoba's average home price increased by 8.1% (yoy) to $378,160 (last month was $368,939). Winnipeg's home prices gained 8.0%, Brandon's by 4.2%, but Portage's home prices declined by 5.1%.
Buyers are coming off the sidelines across most of the province. Yet tight housing inventory pushes the province further into the seller's market range, with its SNLR (sales-to-new-listings ratio) pushing to 75% (from September's 72%). Manitobans are starting to take advantage of recent interest rate cuts to buy, but sellers are still holding on, perhaps waiting for rates to go even lower.
Canada has seen record immigration numbers in the past couple of years — will the affordability of this friendly province attract those looking for a lot more home at much less cost?
Data Source: Sagen Housing Market Updates
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Manitoba Mortgage Rates
Mortgage Rates are different across Canada. Rates are shown based on your location. If you're planning to purchase out-of-province, be sure to choose rates where the property will be located.
Canada Wide Mortgages
True North Mortgage can efficiently complete your mortgage anywhere you are in Canada — online, over the phone or at our store locations.
British Columbia
- Abbotsford ,
- Burnaby ,
- Chilliwack ,
- Coquitlam ,
- Courtenay ,
- Kamloops ,
- Kelowna ,
- Nanaimo ,
- New Westminster ,
- Prince George ,
- Richmond ,
- Saanich ,
- Surrey ,
- Vancouver ,
- Vernon ,
- Victoria ,
- White Rock
Alberta
- Airdrie ,
- Calgary ,
- Edmonton ,
- Fort McMurray ,
- Grande Prairie ,
- Lethbridge ,
- Lloydminster ,
- Medicine Hat ,
- Red Deer
Saskatchewan
Manitoba
Ontario
- Barrie ,
- Belleville ,
- Brampton ,
- Brantford ,
- Burlington ,
- Cornwall ,
- Guelph ,
- Hamilton ,
- Kanata ,
- Kingston ,
- Kitchener ,
- London ,
- Markham ,
- Milton ,
- Mississauga ,
- Niagara Falls ,
- North Bay ,
- Oakville ,
- Oshawa ,
- Ottawa ,
- Peterborough ,
- Sarnia ,
- Sault Ste. Marie ,
- St. Catharines ,
- Sudbury ,
- Thunder Bay ,
- Toronto ,
- Vaughan ,
- Windsor ,
- Woodstock
Quebec
Atlantic Canada
- Charlottetown ,
- Fredericton ,
- Halifax ,
- Moncton ,
- Saint John ,
- St. John's