Manitoba mortgage rates today
Best available fixed and variable rates for Manitoba borrowers, refreshed daily from our lender panel.
Get my rate →What are mortgage rates in Manitoba right now?
The best available insured 5-year fixed rate for Manitoba on 8Twelve's lender panel is 4.14%. Rates are refreshed daily and reflect only lenders 8Twelve can actually place a mortgage with, so the number you see is one you can act on.
Your own rate depends on the down payment, whether the mortgage is insured, the property type and how your income is documented — a broker's job is to find the lender whose policy fits your file at the lowest price.
- 3-year fixed: 4.19%.
- 5-year fixed: 4.14%.
- 5-year variable: 3.65%.
What these rates mean on a typical Manitoba home
At a benchmark price of $400,000 with the minimum down payment of $20,000, the insured mortgage comes to $395,200:
- 4.14% → about $2,109 a month.
- 4.64% → about $2,218 a month, $109 more.
- Over a five-year term that gap is roughly $6,555.
- Estimated closing taxes and registration in Manitoba: $5,720.
Best available rate from 8Twelve's lender panel, subject to qualification and lender approval. OAC.
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Manitoba mortgage rate questions
What is the best mortgage rate in Manitoba today?
8Twelve's best available insured 5-year fixed rate for Manitoba is currently 4.14%, with the 3-year fixed at 4.19% and the 5-year variable at 3.65%. Rates move daily and the rate you are offered depends on your down payment, credit and property type.
Do mortgage rates differ by province in Canada?
Yes, slightly. Most lenders price nationally, but credit unions and some regional lenders only operate in certain provinces, so the best available rate in Manitoba can differ from the national picture. Provincial rules on closing costs and land transfer taxes also change the total cost of the deal.
Should I take fixed or variable in Manitoba?
Fixed locks the payment for the term and protects you if rates rise; variable moves with the lender's prime rate and typically carries a lower penalty if you break the mortgage early. If your household could not absorb a payment increase, fixed is the safer choice regardless of where rates are heading.
How much does a 0.50% higher rate cost in Manitoba?
On a $400,000 home with the minimum down payment, a rate of 4.14% gives a payment of about $2,109 a month. At 4.64% that becomes roughly $2,218 — about $109 more every month, or $6,555 across a five-year term.
Is 8Twelve licensed in Manitoba?
Yes. 8Twelve Mortgage is a licensed mortgage brokerage operating across Canada, including Manitoba, with access to more than 65 lenders covering purchases, renewals, refinances and debt consolidation.
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Learn moreBest available rate from 8Twelve's lender panel, subject to qualification and lender approval. OAC.