Manitoba Mortgage Rates

Name: True North Mortgage Historical Rates for 5 year fixed rates in Manitoba
Creator: True North Mortgage
License: https://creativecommons.org/publicdomain/zero/1.0/

Looking for the best mortgage rates in Manitoba?

We've got the budget-friendliest rates around, and the service to match (that can save you thousands). Apply online or call us today.

Last Updated: Nov 20, 2024

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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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Your better rate comes with a simpler mortgage process.

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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Rates 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 Nov 13 2024

5 Year Fixed Rate

4.24% - 5.69%

2024 (average)

4.70%

6.52%

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

4.85% - 5.95%

2024 (average)

5.77%

7.04%

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 September 2024, housing markets across Manitoba saw an average sales gain of 11.5% compared to this time last year.

Both Winnipeg and Brandon sales were up by 13.6% and 5.6%. Portage La Prairie sales declined by a substantial 45.0% — while its home prices increased by 17.0% year-over-year.

Manitoba's average home price increased by 3.0% (yoy) to $368,939. Along with Portage gains, Winnipeg home prices also increased by 3.1%, but Brandon's decreased by 5.9%.

Buyers are on the sidelines across most of the province, plus with tight housing inventory, it's a seller's market in Manitoba with a higher SNLR (sales-to-new-listings ratio) of 72%. Manitobans are likely waiting for more interest rate cuts to make their home-buying and selling decisions.

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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