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Compare mortgage rates in Yukon.

Looking for the lowest mortgage rates in Yukon? You’ve come to the right place. Here at LowestRates.ca, we help you find and compare the best rates from all the top mortgage brokers and banks in the territory. Our service is free and there’s no obligation on your part. Just tell us what type of mortgage you’re in the market for, and we’ll do the rest.

Check out the charts below to see how much you can save by comparing rates and to find out more about Yukon’s housing market.

Variable Rates

As low as

1.55%

Fixed Rates

As low as

2.14%

Cha-ching! Our rates are always lower than the posted bank rates.

Current lowest posted bank rate

2.19%

Lower mortgage rates = bigger savings.

There are many different mortgage products to choose from in Canada, so where do you start Most homeowners start with the down payment. Depending on how much you’re able to contribute to the down payment, you’ll be offered either a high ratio or a conventional mortgage. If you put down less than 20% of the purchase price of the home, you’ll be offered a high ratio mortgage contract. This means you’ll also be required to purchase mortgage insurance. If you put down more than 20% of the purchase price, you’ll be offered a conventional mortgage contract and will not be required to purchase mortgage insurance.

Conventional 5-year fixed mortgage rates vs. high ratio 5-year fixed mortgage rates in Yukon

Date	Average Conventional Rate	Average High Ratio Rate
04/20	2.78%	2.55%
05/20	2.45%	2.29%
06/20	2.31%	2.18%
07/20	2.14%	1.99%
08/20	2.01%	1.86%
09/20	1.93%	1.79%
10/20	1.91%	1.78%
11/20	1.84%	1.69%
12/20	1.82%	1.63%
01/21	1.82%	1.62%
02/21	1.69%	1.55%

Last Updated: March 1, 2021

Variable or fixed mortgage rates: which one is best?

How do the best variable rates stack up against the best fixed rates? We compared LR.ca 5-year fixed rate mortgages and LR.ca 5-year variable rate mortgages that Canadians have applied for on our site to find out. Turns out, variable rates are just a bit lower. For Yukon borrowers looking for the lowest rate, variable is the way to go. If you want your payments and interest rates to stay the same for the entire mortgage term, then fixed is a better option.

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

Month	Fixed	Variable
04/20	2.40%	2.39%
05/20	2.09%	2.40%
06/20	2.04%	2.27%
07/20	1.85%	2.07%
08/20	1.81%	1.95%
09/20	1.76%	1.87%
10/20	1.77%	1.84%
11/20	1.73%	1.75%
12/20	1.68%	1.71%
01/21	1.63%	1.71%
02/21	1.50%	1.63%

Last Updated: March 1, 2021

Your Yukon mortgage questions, answered.

Looking for mortgage info? Check out our Home Buyers Guide.

Variable or fixed: which is more popular?

After you’ve determined how much money you’re able to put down to purchase your home, you’ll then need to decide whether you prefer a variable or fixed rate structure. While variable rates have been known to yield more savings for homebuyers, there are a number of factors to consider when making the decision. For instance, your risk tolerance might influence whether a fixed or variable rate is more appropriate for you.

About Yukon

Bordering Alaska to the west and British Columbia to the south, Yukon is the smallest of Canada's three federal territories, after the Northwest Territories and Nunavut. The capital city is Whitehorse, home to the Yukon Arts Centre. The main economic activity is in mining, especially lead and zinc. TravelYukon.com chooses the slogan "Visit the Yukon-it's Larger than Life", and the city is certainly an outsized destination for road trips, outdoor adventures, and unique cultural experiences.

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