Best Variable Rate
CanWise Financial

CanWise Financial

Term 5 Year
Type Variable Closed
Rate 2.65%
Best Fixed Rate
CanWise Financial

CanWise Financial

Term 5 Year
Type Fixed Closed
Rate 3.39%
True North Mortgage

True North Mortgage

Term 5 Year
Type Variable Closed
Rate 2.65%
BMO Bank of Montreal

BMO Bank of Montreal

Term 5 Year
Type Variable Closed
Rate 4.10%
CanWise Financial

CanWise Financial

Term 1 Year
Type Fixed Closed
Rate 3.19%
CanWise Financial

CanWise Financial

Term 3 Year
Type Fixed Closed
Rate 3.29%
True North Mortgage

True North Mortgage

Term 5 Year
Type Fixed Closed
Rate 3.39%
BMO Bank of Montreal

BMO Bank of Montreal

Term 5 Year
Type Fixed Closed
Rate 3.69%
First National

First National

Term 5 Year
Type Fixed Closed
Rate 3.79%

Winnipeg mortgage rates

Borrowers in Winnipeg continue to enjoy extremely low mortgage rates. Banks and brokers in the city are competing hard for new business right now, which puts homebuyers in the driver’s seat when they’re shopping for a loan. Remember, you can see all the lowest mortgage rates in Winnipeg right here at LowestRates.ca.

Winnipeg housing

'Stable' is probably the defining word when it comes to Winnipeg real estate. Overall existing home sales in the city fluctuated approximately 1% in 2016, and that trend is likely to remain intact in 2017. Prices have inched up on the year but gains have been very modest, with the average Winnipeg resale home fetching just above $287,000.

Many forecasters, including the Canada Mortgage and Housing Corporation (CMHC), see Winnipeg home prices edging higher in the next couple of years as a flood of first-time buyers enters the market.

Average Home Prices in Winnipeg
Source: CMHC
$200k $300k Jan-14Mar-14May-14Jul-14Sep-14Nov-14Jan-15Mar-15May-15Jul-15Sep-15Nov-15Jan-16Mar-16May-16Jul-16Sep-16 $287,500

According to the CMHC, new home prices in Winnipeg are also expected to increase this year, driven in part by low mortgage rates, limited inventory, and positive net migration. New home prices in Winnipeg have seen decent gains over the past five years, and now average around $450,000.

New Home Prices in Winnipeg, Single-Detached
Source: CMHC
$0k $200k $400k $600k 2011 2012 2013 2014 2015 2016 (F)

About Winnipeg

With over 700,000 residents, Winnipeg is home to more than half of Manitoba's population. The city is also home to the world class Winnipeg Symphony Orchestra and Canada's oldest ballet company, the Winnipeg Royal Ballet. Residents and visitors alike can also enjoy the many impressive visual arts collections housed in the city.

It's culturally diverse too. Winnipeg has the highest Filipino population of any municipality in Canada according to Statistics Canada, and the highest percentage of Aboriginal people in any major Canadian city. Tourism Winnipeg promotes the town as a "bustling cosmopolitan city with plenty of small town charm and a proud aboriginal heritage."

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