Do BC credit unions qualify at contract rate?

Some do — Vancity, Coast Capital, and Prospera frequently qualify borrowers at the contract rate rather than the federal stress test rate (contract + 2% or 5.25%). This can materially increase the amount you qualify for. We test the contract-rate path on every BC file.

What is the Newly Built Home Exemption in BC?

A first-time buyer purchasing newly constructed housing under $750K can be fully exempted from BC PTT (partial exemption from $750K to $800K). It does not stack with the standard FTHB exemption — pick the one that gives you the bigger break.

Does the federal foreign-buyer ban apply in BC?

Yes — the federal Prohibition on the Purchase of Residential Property by Non-Canadians Act (extended to 2027) blocks most foreign nationals from purchasing residential property anywhere in Canada including BC. BC's 20% foreign-buyer PTT is in addition for any purchases that fall under the federal exceptions.

Which BC cities have the highest home prices?

Vancouver (~$1.95M), North Vancouver (~$1.80M), Richmond BC (~$1.64M), Burnaby (~$1.52M), Coquitlam (~$1.40M), Delta (~$1.30M), Surrey (~$1.18M). Vancouver Island markets (Victoria ~$1.03M, Nanaimo ~$745K) are materially more affordable.

British ColumbiaLive ratesUpdated Jun 12, 2026

British Columbia mortgage rates.

Canada's most expensive market by far — Vancouver + GVA benchmarks above $1.5M dominate, with strong credit-union competition and a heavy multi-language lender requirement.

5-star rated| FSRA #13737| 50+ languages

Purchase — British Columbia

As of Jun 12, 2026

Lender

Term

Type

Rate

APR

Best-in-network

50+ lender panel · MSA

5-yr

Variable

4.04%Best

4.04%

Best-in-network

50+ lender panel · MSA

5-yr

Fixed

4.19%

Best-in-network

50+ lender panel · MSA

3-yr

Fixed

4.39%

Best-in-network

50+ lender panel · MSA

2-yr

Fixed

4.79%

Best-in-network

50+ lender panel · MSA

1-yr

Fixed

5.39%

Best-in-network

50+ lender panel · MSA

10-yr

Fixed

5.69%

Rates updated daily. O.A.C., E.&O.E.

Refinance — British Columbia

As of Jun 12, 2026

Lender

Term

Type

Rate

APR

Best-in-network

50+ lender panel · MSA

5-yr

Variable

4.04%Best

4.04%

Best-in-network

50+ lender panel · MSA

5-yr

Fixed

4.19%

Best-in-network

50+ lender panel · MSA

3-yr

Fixed

4.39%

Best-in-network

50+ lender panel · MSA

2-yr

Fixed

4.79%

Best-in-network

50+ lender panel · MSA

1-yr

Fixed

5.39%

Best-in-network

50+ lender panel · MSA

10-yr

Fixed

5.69%

Rates updated daily. O.A.C., E.&O.E.

Renewal — British Columbia

As of Jun 12, 2026

Lender

Term

Type

Rate

APR

Best-in-network

50+ lender panel · MSA

5-yr

Variable

4.04%Best

4.04%

Best-in-network

50+ lender panel · MSA

5-yr

Fixed

4.19%

Best-in-network

50+ lender panel · MSA

3-yr

Fixed

4.39%

Best-in-network

50+ lender panel · MSA

2-yr

Fixed

4.79%

Best-in-network

50+ lender panel · MSA

1-yr

Fixed

5.39%

Best-in-network

50+ lender panel · MSA

10-yr

Fixed

5.69%

Rates updated daily. O.A.C., E.&O.E.

HELOC — British Columbia

As of Jun 12, 2026

Lender

Term

Type

Rate

APR

Best-in-network

50+ lender panel · MSA

0-yr

Variable

6.45%Best

6.45%

Rates updated daily. O.A.C., E.&O.E.

Benchmark price

$985,000

British Columbia provincial average · 2026

BC Property Transfer Tax (PTT)

1% on the first $200K of purchase price, 2% on the portion to $2M, 3% on the portion to $3M, and 5% above $3M.

First-time buyers can be fully exempt from PTT on homes up to $500K with partial relief up to $835K. The Newly Built Home Exemption can fully exempt purchases up to $750K when buying new construction.

Metro Vancouver also has municipal Empty Homes Tax (1–3% annually) on non-principal-residence properties — relevant for investor buyers.

Regulator

BC Financial Services Authority (BCFSA)

Official site →

Top British Columbia lenders

RBCScotiabankVancityCoast CapitalFirst NationalMCAPManulife Bank

Why British Columbia rates work the way they do

BC has unusually strong credit-union competition — Vancity and Coast Capital frequently undercut Big-6 rates and qualify at contract rate (not stress-test), making them a routine first-look for renewal and refi files in Greater Vancouver.

Foreign-buyer rules: Additional 20% foreign-buyer PTT applies in Metro Vancouver, Fraser Valley, Capital, Nanaimo, and Central Okanagan regional districts. Speculation and Vacancy Tax (0.5%–2%) applies annually to non-residents and certain Canadian non-residents.

Mortgage brokers in British Columbia

Same FSRA license, same 50+ lender network — applied to each British Columbia market.

All British Columbia cities →

FAQ

British Columbia mortgage rates — common questions.

Don’t see yours? Ask Maya — instant answer in 50+ languages.

Approximately $28,000 PTT on a $1.5M purchase ($2,000 on first $200K + $26,000 on next $1.3M). For foreign buyers in Metro Vancouver, add 20% foreign-buyer PTT ($300,000) on top.

Rates in other provinces

Same broker, every province — pick yours.

National rate table →

Ontario Alberta Quebec Manitoba Saskatchewan Nova Scotia New Brunswick Newfoundland and Labrador Prince Edward Island

Lock in your best British Columbia rate today.

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