Best Variable Rate
BMO Bank of Montreal

BMO Bank of Montreal

Term 5 Year
Type Variable Closed
Rate 4.10%
Best Fixed Rate
BMO Bank of Montreal

BMO Bank of Montreal

Term 5 Year
Type Fixed Closed
Rate 3.69%
BMO Bank of Montreal

BMO Bank of Montreal

Term 2 Year
Type Fixed Closed
Rate 3.99%
BMO Bank of Montreal

BMO Bank of Montreal

Term 6 Months
Type Fixed Closed
Rate 4.20%
BMO Bank of Montreal

BMO Bank of Montreal

Term 1 Year
Type Fixed Closed
Rate 3.79%
Scotiabank

Scotiabank

Term 5 Year
Type Fixed Closed
Rate 5.44%
TD Canada Trust

TD Canada Trust

Term 5 Year
Type Fixed Closed
Rate 5.59%

Yukon mortgage rates

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.

Lower rates = huge savings

Rates on our site have been much, much lower than posted bank rates for the past two years. Our 5-year fixed rates have averaged less than 2.5%, while the banks’ rates average over 4.5%.

On a $400,000 mortgage, that difference in rates would result in more than $100,000 of savings over the life of your loan. Whether you’re house hunting in Whitehorse or in Dawson, savings like that can have a massive impact on your finances.

Mortgage Interest Savings in Canada:
5-year fixed from LR.ca vs. 5-year fixed posted bank rate
MonthAverage LR.ca 5-year fixed rateAverage bank 5-year fixed rate
Nov 2017 2.79% 4.99%
Dec 2017 2.71% 4.99%
Jan 2018 2.93% 5.14%
Feb 2018 3.01% 5.14%
Mar 2018 3.07% 5.14%
Apr 2018 3.08% 5.14%
May 2018 3.18% 5.34%
Jun 2018 3.16% 5.34%
Jul 2018 3.14% 5.34%
Aug 2018 3.19% 5.34%
Sep 2018 3.17% 5.34%
Oct 2018 3.29% 5.34%
Average LR.ca 5-year fixed rate Average bank 5-year fixed rate 2.5% 3.0% 3.5% 4.0% 4.5% 5.0% 5.5%
  • Nov 2017
  • Dec 2017
  • Jan 2018
  • Feb 2018
  • Mar 2018
  • Apr 2018
  • May 2018
  • Jun 2018
  • Jul 2018
  • Aug 2018
  • Sep 2018
  • Oct 2018
On average, LR.ca rates are more than 2 full percentage points lower than posted bank rates.

On a $400,000 mortgage that’s an average savings of:

$437
Per month
$5,239
Per year
$130,974
Per lifetime

Variable or fixed: which is lower?

You can save big money by shopping around for a mortgage, but first you need to decide between variable and fixed rates. So we looked at the LR.ca 5-year fixed rate mortgages and the LR.ca 5-year variable rate mortgages that Canadians have been applying for on our site. As it turns out, variable rates are almost half a percentage point lower.

Mortgage Interest Savings in Canada:
5-year variable vs. 5-year fixed from LR.ca
MonthAverage LR.ca 5-year fixed rateAverage LR.ca 5-year variable rate
Nov 2017 2.79% 2.04%
Dec 2017 2.71% 1.93%
Jan 2018 2.93% 2.11%
Feb 2018 3.01% 2.22%
Mar 2018 3.07% 2.21%
Apr 2018 3.08% 2.19%
May 2018 3.18% 2.22%
Jun 2018 3.16% 2.16%
Jul 2018 3.14% 2.32%
Aug 2018 3.19% 2.45%
Sep 2018 3.17% 2.42%
Oct 2018 3.29% 2.48%
Average LR.ca 5-year fixed rate Average LR.ca 5-year variable rate 1.5% 2.0% 2.5% 3.0% 3.5%
  • Nov 2017
  • Dec 2017
  • Jan 2018
  • Feb 2018
  • Mar 2018
  • Apr 2018
  • May 2018
  • Jun 2018
  • Jul 2018
  • Aug 2018
  • Sep 2018
  • Oct 2018
On average, our variable rates are almost half a percent lower than our fixed rates.

On a $400,000 mortgage that’s an average savings of:

$102
Per month
$1,222
Per year
$30,548
Per lifetime

Variable or fixed: which is more popular?

Of the hundreds of thousands of Canadian borrowers who have shopped for a mortgage at LowestRates.ca since 2014, most have taken variable rate loans. Variable rates have been significantly lower than fixed rates for the last few years and look set to remain that way for the foreseeable future.

5-Year Fixed Rates vs. 5-Year Variable Rates in Canada: Who Takes What?✝
57%
of Canadians apply for 5-year variable mortgages
43%
of Canadians apply for 5-year fixed mortgages

✝Based on Canadian borrowers who applied for a mortgage at LowestRates.ca since 2014.

Yukon housing

Resale home prices in Whitehorse have stayed flat recently, hovering just above $350,000 on average in 2016. Falling mortgage rates have translated into improving affordability for Yukon homebuyers and your mortgage dollars will go as far, or farther than, they did last year when it comes to purchasing a property.

Resale Home Prices in Whitehorse
Whitehorse
Canada
2012 2013 2014 2015 2016 (F) $200k $400k $600k $367,900 $474,200

Average home prices by province and territory

Yukon vs. Canada
Province and territoryAverage home price (2016)*Year-over-year change
Yukon$289,312-15.9%
Alberta$395,648+2.7%
British Columbia$625,871-6.4%
Manitoba$282,511+4.2%
Newfoundland and Labrador$265,395-2.4%
New Brunswick$158,295+2.0%
Nova Scotia$218,332+1.7%
Northwest Territories$423,222-0.1%
Ontario$571,696+21.2%
Prince Edward Island$165,406+0.0%
Quebec$291,232+2.6%
Saskatchewan$292,303+0.4%

*Numbers courtesy of The Canadian Real Estate Association (CREA), November 2016

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.

More ways to find a great rate