Best mortgage rates in Winnipeg.
Today’s best rate in Winnipeg is 3.60%. We compare Winnipeg mortgage rates across 50+ Canadian lenders and lock your best on one application — no bureau pull to start.
The best mortgage rate in Winnipeg today is approximately 3.60% — about $1,554/month on Winnipeg’s benchmark price of $385,000 with 20% down over 25 years. Affordability-leader; strong first-time buyer and self-employed flow.
Rates illustrative; your file (credit, income, LTV) sets your personalized rate. See all Manitoba rates →
Winnipeg mortgage payments by term
| Term | Best rate | Est. monthly payment* |
|---|---|---|
| 5-Year Fixed | 4.19% | $1,652/mo |
| 5-Year VariableLowest | 3.60% | $1,554/mo |
| 3-Year Fixed | 4.19% | $1,652/mo |
| 3-Year Variable | 3.65% | $1,562/mo |
| 2-Year Fixed | 4.14% | $1,644/mo |
| 1-Year Fixed | 4.69% | $1,737/mo |
| 4-Year Fixed | 4.29% | $1,669/mo |
| 7-Year Fixed | 5.10% | $1,809/mo |
| 10-Year Fixed | 5.34% | $1,851/mo |
A worked example for Winnipeg
On Winnipeg’s benchmark price of $385,000 with 20% down, the mortgage is about $308,000. At today’s best rate of 3.60% over a 25-year amortization, that’s roughly $1,554/month using Canadian semi-annual compounding. Model your own price and down payment in the payment calculator, and see the income you’d need.
Getting the best mortgage rate in Winnipeg.
The posted rate you see advertised isn’t the rate you get. In Winnipeg, your number is set by your credit score, your down payment / loan-to-value, whether the mortgage is insured, and the property type — and by which lender’s broker-channel pricing fits your file. Affordability-leader; strong first-time buyer and self-employed flow.
What’s specific to Manitoba: Manitoba has unusually strong credit-union competition — Steinbach Credit Union and Assiniboine Credit Union are major mortgage lenders with locally focused rates that often beat Big-6 pricing on Manitoba files. On top of the rate, budget for manitoba land transfer tax — tiered tax of 0%–2% on purchase price; first $30K is exempt. On a $400K Winnipeg home, expect approximately $5,650 in LTT. Manitoba does not currently offer a first-time buyer LTT rebate, but the federal First-Time Home Buyer Tax Credit ($1,500) still applies.
We compare Winnipeg mortgage rates across 50+ lenders — banks, monolines and Manitoba credit unions like RBC and Scotiabank — on a single application, then hold your best rate for 90-120 days. This is the rate-shopping side; for the full local service — pre-approval strategy, document help, a dedicated advisor — see our Winnipeg mortgage broker page. Run your numbers on the payment calculator.
Winnipeg mortgage rates — FAQ
What is the best mortgage rate in Winnipeg right now?
Are Winnipeg mortgage rates different from the rest of Canada?
What land transfer tax will I pay in Winnipeg?
Can I lock a Winnipeg rate before I buy?
Do I need a local Winnipeg broker for the best rate?
Whatever your situation in Winnipeg
First home, renewal, refinance, investor or self-employed — there's a path for your file, with the same 50+ lender network.
First-time buyers
5% down to your first Winnipeg home, with FHSA + RRSP HBP optimization.
Refinancing
Unlock Winnipeg equity for renovations, debt consolidation, or investing.
Renewing
Don't auto-renew — most clients beat their bank's first offer by 30-60 bps.
Self-employed
Business-for-self files priced right — A-lender, alt-A and private compared.
Investors
Build your Winnipeg rental portfolio — multi-unit and DSCR-style products.
New to Canada
Newcomer programs at the big banks; international credit accepted.
6 reasons to shop your Winnipeg mortgage rate through a broker
Why Winnipeg buyers and renewers compare the whole market instead of signing their bank's first offer.
50+ lenders compete — not one
A Winnipeg bank shows you one rate sheet. We put your file in front of 50+ lenders who bid for it, then pass on the volume pricing we hold.
Broker-channel pricing
The wholesale rate we access is typically 15-30 bps below a bank's posted rate — you can't get it walking into a branch.
A local Winnipeg market read
Affordability-leader; strong first-time buyer and self-employed flow.
Your rate held 90-120 days
A pre-approval locks today's rate while you shop, and many lenders honour a drop if rates fall before closing.
No bureau pull to start
We shop your Winnipeg rate and pre-qualify you with no hard credit check, so comparing costs nothing.
Best-rate guarantee
We'll beat any comparable Big-6 offer or pay you $500 — and our advice is free, paid by the funding lender.
Why shop your Winnipeg rate with us
- 50+ lenders on one application — banks, monolines, and Manitoba credit unions.
- Broker-channel rates 15-30 bps below posted.
- Local Winnipeg market knowledge paired with national lender access.
- FSRA-licensed advice in 50+ languages, online or in person.
We arrange mortgages across Winnipeg — Charleswood, St. Vital, River Heights, Tuxedo, Garden City and beyond — online or in person, with the same 50+ lender panel and FSRA-licensed advice.