as of 06/17/2025
Get daily updated Canada mortgage lending rates from top lenders in Alberta.
Speak with licensed mortgage brokers to secure the lowest mortgage rates in Manitoba Canada on your terms.
With over 20 years of experience in the mortgage industry, we’ve been dedicated to helping Canadians save on their mortgage borrowing costs. We’ve seen it all and know what it takes to secure the best deals for you!
Your financial situation is unique—it’s your shelter, your home. That’s why we work tirelessly, negotiating with dozens of lenders across Canada to find you the best mortgage rates tailored to your specific needs.
Our team of experienced mortgage brokers is specially trained to identify opportunities within your income, credit, and assets. We build a strong case to present to our network of trusted lenders, ensuring you get the most competitive home loan rates in Canada.
Whether you’re looking for mortgage brokering services, broker mortgage loans, or simply the best mortgage rates in Canada, we’re here to guide you every step of the way. Let us help you make the most of your mortgage journey!
When you work with RateShop Mortgage, you can access lower mortgage rates than what your bank offers, all while enjoying the same great features like a home equity line of credit or flexible options such as pre-payment privileges.
Our well-connected network of lenders allows us to monitor Canada mortgage lending rates regularly. But we go above and beyond—scouring the internet and collaborating with our lenders to secure better-than-average industry rates. This means deeper discounts and more savings for you.
At RateShop, Canadians gain unfiltered access to the best mortgage rates and home loan rates in Canada. With connections to over 65 mortgage lenders across all provinces, we ensure you get the most competitive mortgage brokering services and broker mortgage loans tailored to your needs.
Whether you’re working with a mortgage broker, exploring mortgage brokerage options, or seeking the expertise of mortgage brokers, RateShop is here to help you find the perfect solution for your home financing goals.
RateShop Mortgage Brokers specialize in delivering tailored mortgage solutions designed to help clients secure the best mortgage rates in Canada. With a deep understanding of local real estate trends, particularly in Alberta, we leverage our expertise in Manitoba mortgage rates to provide the lowest mortgage rates for a variety of property types and financial situations. Whether you’re purchasing, refinancing, renewing, or exploring a home equity line of credit, we work closely with you to compare mortgage rates and lock in the most advantageous deals. Our in-depth knowledge of local lending programs and incentives ensures you maximize your financial benefits.
By tapping into a vast network of lenders, RateShop mortgage brokers help you save on mortgage costs, often securing better deals than major banks like TD, RBC, BMO, and CIBC. We compare Canada mortgage lending rates from over 65 lenders, including banks, credit unions, and monoline lenders, to find low mortgage rates and the best mortgage deals in Canada. This approach allows us to match your unique financial needs with the most competitive home loan rates in Canada, saving you thousands over the life of your mortgage.
Whether you’re working with a mortgage broker, exploring mortgage brokering services, or seeking brokered mortgage loans, RateShop is committed to helping you achieve your home financing goals. From best mortgage rates Alberta Canada to Canada low mortgage rates, we’re here to guide you every step of the way.
Don't lock in just because your neighbor did! Mortgage terms vary from 6 months all the way up to 10 years and you can choose based on your family financial needs. Are you selling soon? Or maybe you want to invest in 2 years. Maybe you want some flexibility, the choice is yours but make it an educated one when you talk to our commission-free mortgage advisors to help you decide on what offers the best mortgage rate and highest savings.
Fixed Rates | Mortgage Expert Insights |
---|---|
1 Year Fixed Rate |
Great solution for a short-term mortgage needs, renewals can be competitive but rates can go up at maturity without notice. Perfect for new builds to sell after a year or refinance for equity. |
2 Years Fixed Rate |
More flexible, a longer duration to support a family need for a couple of years or planning an exit from an existing mortgage without penalties. |
3 Years Variable Rate |
3 Year terms can sometimes deliver the best savings, but are typically suggested in a low rate environment, consider a variable too since upon maturity you may get stuck with a higher renewal. |
4 Years Fixed Rate |
Banks use this to gain your business, but if you are saving atleast 20-30bps, definitely consider a 4 year term mortgage, compare your savings on a 5 year mortgage term. |
5 Years Fixed Rate |
On average, households will upgrade or alter their mortgage about every 5 years, avoiding penalties upon maturity and best rate savings. |
5 Years Variable Rate |
Usually recommended in lower rate environments, beat the bank on mortgage penalties and optimize your savings compared to a fixed mortgage offer for the same term. |
History can teach us a lot, check out Canada's mortgage rates history over the past 48 years. Bank of Canada tracks conventional mortgage rates for 3 year and 5 year terms. We can help with understanding the pros & cons to a fixed mortgage rate vs. a variable mortgage rate.
With recent mortgage rate increases, Canadians are increasingly focused on finding flexible mortgage options that align with their financial goals.
At RateShop, we work closely with our clients to uncover mortgage savings by exploring a variety of offers from multiple lenders. While securing the best mortgage rates in Canada is important, it’s not the only factor in achieving long-term financial stability.
Our experienced mortgage brokers take the time to assess your unique needs, qualifications, and long-term financial goals. Whether you’re looking for home loan rates in Canada, broker mortgage loans, or the best mortgage deals in Canada, we’ll guide you toward the right solution.
By leveraging our expertise in mortgage brokering and access to Canada low mortgage rates, we ensure you get a mortgage that works for you—today and in the future. Let us help you navigate the complexities of mortgage rates and Canada to find the perfect fit for your financial journey!
🏡 Looking for the best mortgage rates in Alberta, Canada? Whether you're a first-time homebuyer, refinancing, or exploring a home equity line of credit (HELOC), RateShop.ca helps you compare the lowest mortgage rates in Manitoba from top lenders.
5-Year Fixed Mortgage Rates: 5-YR Fixed (Lowest in Canada!)
Variable Mortgage Rates: 5-YR Variable (Flexible & Competitive)
Home Equity Line of Credit (HELOC): Prime + 0.50%%
Refinance Rates: As low as 3.99%%
Manitoba’s mortgage market is shaped by the province’s diverse economy, with housing demand and mortgage interest rates often influenced by broader economic trends. While fluctuations do occur, Manitoba’s real estate market remains strong, especially in cities like Winnipeg and surrounding areas. Whether you're looking for the best mortgage rates or seeking mortgage comparison opportunities, Manitoba offers a variety of mortgage products designed to meet the needs of all types of borrowers.
At RateShop, we make it easier than ever to secure the best mortgage deals in Manitoba. Our technology-driven platform allows borrowers to easily compare mortgage rates and use our mortgage rate calculator to assess their affordability. By streamlining the approval process and securing the lowest possible rates, we ensure that Manitoba buyers can confidently achieve their homeownership dreams.
Manitoba Residential & Commercial Real Estate Landscape
Manitoba’s real estate market has experienced steady growth in recent years, particularly in key urban areas like Winnipeg. While not driven by the energy sector like some provinces, Manitoba’s diversified economy and affordable housing have made it an attractive option for both homeowners and investors seeking long-term value.
The future outlook for Manitoba’s property market remains positive. Consistent population growth, stable economic conditions, and demand for affordable housing continue to drive activity across the province. Additionally, favorable mortgage rates and government programs promoting energy-efficient and sustainable housing are expected to further support market growth.
Alberta’s real estate market has seen significant growth in recent years, particularly in urban centers. Despite challenges linked to the energy sector, property values in cities like Calgary and Edmonton are on the rise, offering homeowners and investors opportunities for long-term value appreciation.
The future outlook for Alberta’s property market is optimistic. With the ongoing recovery of the energy sector and population growth driving demand for housing, Alberta is positioned to offer strong returns for both homeowners and investors. Additionally, low mortgage rates and government programs supporting energy-efficient homes are expected to boost activity in the housing market.
RateShop connects borrowers with the best mortgage rates for a wide variety of properties across Manitoba. From single-family homes and condominiums in Winnipeg to rural properties like farms and acreages, our brokers secure mortgage rate Canada solutions tailored to each property type. Whether you're seeking a mortgage rate finder for a Winnipeg home or financing options for a rural property, RateShop works with Manitoba's top lenders to ensure low mortgage rates and real mortgage savings.
At RateShop.ca, we partner with Manitoba’s top mortgage lenders—including trusted names like Assiniboine Credit Union, Steinbach Credit Union, and major banks such as TD and RBC—to bring you the most competitive mortgage deals on the market. Whether you’re looking for insured or uninsured options, our expert brokers compare a wide range of products using smart mortgage rate comparison tools, so you get rates and terms tailored perfectly to your financial goals.
We keep the process simple, transparent, and focused on you. From first-time buyers to seasoned homeowners looking to refinance, we’re here to help you understand your options and secure the best mortgage rates in Manitoba—without the stress. Let RateShop.ca make your homeownership journey smoother, smarter, and more rewarding.
Manitoba borrowers have access to a range of mortgage programs, including insured, insurable, and uninsured options. Institutions like CMHC offer insured mortgages for buyers with down payments below 20%, while private lenders and major banks provide uninsured mortgages for those with larger down payments. These flexible options allow borrowers to compare mortgage rates and choose terms that fit their needs, whether they’re looking for a 25-year or 30-year amortization.
When comparing mortgage costs in Alberta, it's essential to evaluate fees associated with purchases, refinancing, or renewals. Closing costs can include legal fees, appraisal fees, and mortgage insurance premiums for first-time homebuyers. By working with RateShop brokers, you can compare mortgage rates and find mortgage rates that minimize these costs.
For refinancing, we help clients navigate potential prepayment penalties and secure best mortgage rates by comparing offers from multiple lenders. Similarly, when renewing, we ensure our clients have access to low mortgage rates and flexible terms that align with their financial goals.
For homebuyers in Manitoba, fluctuations in Canada’s interest rates and national mortgage lending trends can have a big impact on affordability and purchasing power. As rates rise, the amount you qualify for may decrease—making it even more important to work with an experienced mortgage broker who can guide you through these changes. Whether you're a first-time buyer or upgrading to a new home, understanding how these shifts affect your budget is key.
With mortgage rates in Canada trending upward, buyers might need to adjust expectations or explore alternative solutions, such as brokered mortgage loans, to lock in the best rates. A knowledgeable mortgage brokerage can help you compare current mortgage rates in Manitoba and ensure you're securing the most competitive deal tailored to your financial goals.
Choosing between fixed and variable mortgage rates is an important decision for Manitoba homebuyers. Fixed rates offer the security of consistent payments over a set term—making them ideal for those who value predictability, especially in a rising interest rate environment. Variable rates, on the other hand, move with the market. They often start lower than fixed rates but carry the risk of increasing over time.
With low mortgage rates in Canada becoming more difficult to secure, it’s essential to carefully consider the pros and cons of each option. A mortgage broker can help you analyze current trends and determine which option aligns best with your financial goals. For example, if you're searching for the best 5-year fixed mortgage rates in Canada, a broker can connect you with lenders offering the most competitive terms available in Manitoba.
Qualifying for a mortgage in Manitoba involves several key steps, and understanding the process can help make your homebuying journey smoother and less stressful. Lenders will look at factors like your income, credit score, debt-to-income ratio, and down payment to assess your eligibility. Partnering with a mortgage broker can simplify the process—they have access to a wide network of lenders and can help you secure some of the best mortgage deals in Canada.
Getting pre-approved is a smart first move. A mortgage pre-approval gives you a clear sense of your budget and boosts your credibility as a serious buyer. Plus, if you're exploring refinancing options or want to tap into your home's equity through a homeowner line of credit, a broker can help guide you to the right solution based on your unique goals.
Finding the best mortgage rates in Canada requires careful consideration of several factors. Here’s what to keep in mind:
Compare Lenders: Don’t settle for the first offer. Use a mortgage brokerage to compare mortgage rates and Canada options from over 65 lenders, including banks, credit unions, and monoline lenders.
Understand Your Needs: Are you looking for the best mortgage rates Alberta-specific rates? Your location and financial goals will influence the best product for you.
Explore Flexibility: Look for features like pre-payment privileges or the ability to refinance your mortgage if needed.
Work with a Broker: A mortgage broker can help you navigate the complexities of Canada mortgage lending rates and find the lowest Canadian mortgage rate for your situation.
Whether you’re seeking the best mortgage rates in Alberta, a broker can help you secure a deal that aligns with your long-term financial goals.
Welcome to the vibrant province of Alberta, where stunning landscapes meet thriving cities and a booming housing market. Whether you're a first-time homebuyer or looking to invest in real estate, finding the best mortgage rates in Alberta is key to making your dreams become reality. In this comprehensive guide, we'll delve into the ins and outs of Alberta's mortgage landscape, exploring everything from fixed and variable rates to regulators and associations that shape the industry. So buckle up as we embark on an exciting journey through Alberta's mortgage market!
The housing market in Alberta is dynamic, driven by factors like oil prices, job opportunities, and population growth. Mortgage rates play a significant role in determining affordability and demand. RateShop Mortgage Brokers can provide market insights, helping first-time homebuyers understand trends and choose the best times to buy, ensuring their investment aligns with their financial goals.
When mortgage rates rise, monthly payments increase, affecting how much home you can afford. In Alberta’s competitive market, securing the best rates is crucial. RateShop Mortgage Brokers help clients explore all mortgage options, from fixed to variable rates, ensuring they find a mortgage plan that keeps homeownership affordable.
First-time homebuyers often face uncertainty around rates, paperwork, and approvals. RateShop Mortgage Brokers simplify the process by guiding clients step-by-step, offering expert advice on government incentives like the First-Time Home Buyer Incentive (FTHBI) and ensuring buyers secure favorable rates for a smooth path to their first home.
Mortgage rate fluctuations can impact investment properties' profitability. Higher rates mean higher borrowing costs, which affect cash flow. RateShop Mortgage Brokers help investors strategize with competitive financing options, ensuring real estate assets remain a solid wealth-building tool, even in changing markets.
Refinancing your mortgage can help you take advantage of lower rates, reduce monthly payments, or access home equity. In Alberta’s fluctuating market, RateShop Mortgage Brokers analyze each client’s situation to recommend optimal refinancing strategies, helping manage affordability and financial stability.
Mortgage rates can have varying impacts in Alberta's urban centers like Calgary and Edmonton compared to rural areas. RateShop Mortgage Brokers offer tailored solutions for different markets, ensuring buyers understand the advantages and challenges in each region and secure the best mortgage for their needs.
In a rising rate environment, planning is key to homeownership success. RateShop Mortgage Brokers assist clients in locking in favorable rates and choosing mortgage terms that protect against sudden rate increases, helping homeowners stay ahead of market changes and manage long-term affordability.
Owning property in Alberta can be a pathway to financial growth. RateShop Mortgage Brokers help clients structure their mortgages strategically to build equity faster and leverage it for future investments, transforming real estate into a reliable wealth-building asset.
Every buyer’s situation is unique, especially in Alberta's diverse housing market. RateShop Mortgage Brokers provide personalized advice, matching clients with mortgage products that meet their affordability needs, whether for a first home, investment property, or refinancing opportunity, ensuring long-term financial health and success.
Mortgage rates can vary widely depending on factors like the type of mortgage, your credit score, and the current market climate. While it’s difficult to pin down an exact rate without considering these variables, the best way to get a clear picture is by reaching out to local lenders or using online tools that give real-time updates specific to Manitoba. This will help you find the most competitive rates for your situation.
Choosing between a fixed or variable rate mortgage comes down to your personal preferences and financial goals. Fixed-rate mortgages provide stability with consistent payments over the life of your loan, making them ideal if you prefer predictability. In contrast, variable-rate mortgages can change with the market but often offer lower starting rates, which may lead to savings in the long run. Consider how long you plan to stay in your home, your comfort level with fluctuating rates, and whether you’re seeking steady payments or the potential for lower costs over time.
Figuring out how much you can afford for a mortgage depends on a few key factors, like your income, expenses, credit score, and down payment. To get a ballpark figure, online mortgage calculators can help you estimate what you may qualify for based on these details. However, to get a truly accurate picture and a budget that fits your unique needs, it’s a great idea to consult with a mortgage professional. They can provide personalized advice and help you navigate your options for the best possible outcome.
Yes, in Canada, most home purchases require a minimum down payment. For properties valued under $500k, whether in Manitoba or across the country, the typical minimum down payment is 5% of the purchase price. However, for homes valued between $500k and $1 million (often called jumbo loans), higher down payment requirements come into play. It's important to plan accordingly and consult with a mortgage professional to understand how these requirements apply to your specific situation.
Absolutely! First-time homebuyers have a variety of options designed to make homeownership more accessible. Programs like the Canada Mortgage and Housing Corporation's (CMHC) First-Time Home Buyer Incentive are specifically tailored to help newcomers to the market by offering shared equity loans. Additionally, many lenders provide special mortgage products and incentives to make the process smoother and more affordable for first-time buyers. So, if you're looking to take the plunge into homeownership, there are plenty of pathways available to help you succeed.
A portable mortgage allows you to transfer your existing mortgage from your current home to a new property while retaining the same terms and interest rates for Canada. This can save you from penalties and help you secure the best mortgage rates in Canada without reapplying.
Understanding the difference between a standard mortgage and a collateral mortgage is crucial. A standard mortgage uses the purchased property as collateral, while a collateral mortgage includes additional properties, offering flexibility to access more funds. However, collateral mortgages may have higher penalties and are harder to transfer to new lenders.
Pre-Qualification: Assess your financial situation to determine how much you can borrow.
Approval: Receive a mortgage offer outlining the terms, including Canada mortgage lending rates.
Conditions & Appraisals: Complete lender conditions and property appraisals.
Solicitor Instructions: Your solicitor receives instructions from the lender.
Signing: Review and sign the mortgage agreement and other legal documents.
Funding: The loan is funded, and the property purchase is complete.
To qualify for a mortgage in Canada, lenders evaluate your income, credit score, and ability to pass the stress test.
Income
Lenders assess your gross debt service (GDS) and total debt service (TDS) ratios, which should not exceed 39% and 44%, respectively. Stable income from salaried jobs is preferred, but self-employed individuals can still qualify with the help of a mortgage broker.
Credit
Your credit score, provided by Equifax or TransUnion, reflects your financial reliability. A higher score can secure you the best mortgage loan rates in Canada.
Stress Test
The mortgage stress test ensures you can afford payments if interest rates for Canada rise. You must qualify at a rate 2% higher than your contract rate or the Bank of Canada’s benchmark rate.
Avoid these common pitfalls:
Hidden Fees: Always read the fine print.
High Interest Rates: Compare mortgage rates and Canada to find the best deal.
Prepayment Penalties: Understand the costs of breaking your mortgage early.
Breaking your mortgage early can result in significant penalties, including:
Prepayment Penalties: Charged for paying off your mortgage early.
Discharge Fees: Fees to release your mortgage from the property.
Refinancing in Canada comes with restrictions:
Maximum LTV: You can borrow up to 80% of your home’s appraised value.
Credit Score: A minimum score of 620 is required.
Income Verification: Lenders will reassess your income.
Appraisal Costs: You’ll need to pay for a property appraisal.
RateShop Inc. is a Mortgage Brokerage offering lowest mortgage rates to Canadians. We are provincially licensed in the following provinces: Mortgage Brokerage Ontario FSRA #12733, British Columbia BCFSA #MB600776, Alberta RECA #00523056P, Saskatchewan FCAA #00511126, PEI #160622, New Brunswick FCNB #88426, Newfoundland/Labrador.
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