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Compare mortgage rates in Vancouver.

Vancouver may have the priciest real estate in BC (and all of Canada, for that matter), but it also boasts some of the lowest mortgage rates anywhere in the country. And with a little help from, you can quickly compare those rates from over 30 brokers and banks — just like that.

Variable or fixed: which is lower?

Here’s a simple answer: variable rates are usually lower — according to our data at least. For the past two years, our variable rates have been lower than our fixed rates except for a brief period during 2019-2020. Just take a look at the graph below and you’ll see the difference yourself.

5-year fixed mortgage rates vs. 5-year variable mortgage rates in Vancouver.


Last Updated: October 7th, 2020

Focus On

Vancouver housing.

With the average detached home still going for well over $1 million, for many Vancouver families, purchasing even a modest home is still difficult. Condos are also expensive in Vancouver, although they have not appreciated at quite the same pace as detached houses have.

Average residential home prices by city


Last Updated: October 7th, 2020

Vancouver’s home prices used to tower over those in other Canadian cities. The average price of a single-detached home in Vancouver is now over $1 million, with townhouses hovering around $800,000.

Average single-detached house prices in Vancouver

DateHome Prices
Aug 2019$1,399,500
Sep 2019$1,403,400
Oct 2019$1,411,200
Nov 2019$1,418,500
Dec 2019$1,427,500
Jan 2020$1,441,900
Feb 2020$1,444,100
Mar 2020$1,451,000
Apr 2020$1,455,400
May 2020$1,456,300
Jun 2020$1,464,000
Jul 2020$1,478,600
Aug 2020$1,499,100

Townhouse and condo prices in Vancouver

Aug 2019$765,900$654,000
Sep 2019$768,000$655,700
Oct 2019$771,800$658,100
Nov 2019$774,800$660,000
Dec 2019$784,200$668,900
Jan 2020$790,700$674,300
Feb 2020$790,900$679,700
Mar 2020$792,100$686,000
Apr 2020$788,800$681,200
May 2020$786,200$679,500
Jun 2020$784,800$676,600
Jul 2020$792,000$678,900
Aug 2020$800,600$684,100

Last Updated: October 7th, 2020

Your Vancouver mortgage questions, answered.

Variable or fixed: which is best?

When searching for the best mortgage rates in Vancouver, you’ll need to decide between a fixed or a variable rate structure. Which one is best will depend largely on your risk tolerance, as variable rates are usually more suited to homebuyers with a higher level of risk tolerance. However, variable and fixed rates have been almost equal on for more than a year, which means that no matter which rate you choose, you’ll be getting a great deal.

About Vancouver

Nestled between the mountains and the sea, Vancouver is considered one of the most livable cities in the world, ranking third in the Economist Intelligence Unit's Global Livability Survey in 2014.

Diverse and cosmopolitan, the city's attractions include Stanley Park, the Vancouver Aquarium, gorgeous coastal waterways and a rich urban fabric with superb dining, walkable neighborhoods, and many cultural amenities.

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