Should I consider Steinbach Credit Union?

Steinbach Credit Union is Manitoba's largest credit union and a major mortgage lender with very competitive rates on Manitoba files, particularly for self-employed and rental property files. We compare them alongside Big-6 and monolines on every applicable file.

What is the Manitoba Land Transfer Tax on a $300K home?

Approximately $3,650 — 0% on first $30K, 0.5% on next $60K ($300), 1.0% on next $60K ($600), 1.5% on next $50K ($750), 2.0% on the remaining $100K ($2,000). Plus a small registration fee (~$70).

Is Manitoba a good province for investment properties?

Cash flow is generally positive at current Winnipeg prices — a $400K rental property typically rents for $1,800-$2,400/month, which often clears expenses on a 20-25% down payment. We have lenders specifically appetited for Manitoba rental files.

ManitobaLive ratesUpdated Jun 12, 2026

Manitoba mortgage rates.

Affordable Prairie market with strong first-time buyer flow, low closing costs, and stable demand across the year.

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

Purchase — Manitoba

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 — Manitoba

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 — Manitoba

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 — Manitoba

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

$355,000

Manitoba provincial average · 2026

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.

Regulator

Manitoba Securities Commission

Official site →

Top Manitoba lenders

RBCScotiabankSteinbach Credit UnionAssiniboine Credit UnionMCAPFirst National

Why Manitoba rates work the way they do

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.

Mortgage brokers in Manitoba

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

All Manitoba cities →

FAQ

Manitoba mortgage rates — common questions.

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

Winnipeg's benchmark price (~$385K) makes it one of the most affordable major Canadian markets. A 20% down payment is $77K (vs ~$390K for Vancouver). Monthly carrying costs at current rates run roughly half what they would in the GTA core for an equivalent home.

Rates in other provinces

Same broker, every province — pick yours.

National rate table →

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

Lock in your best Manitoba rate today.

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