Victoria Mortgage Rates
As of April 8, 2025 at 5:33 PM ET
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Lowest Mortgage Rates in Victoria-bc
As of April 8, 2025
| Term | |||||||
|---|---|---|---|---|---|---|---|
| 2-Year Fixed | 3.94% | 4.04% | |||||
| 3-Year Fixed | 3.74% | 3.79% | |||||
| 5-Year Fixed | 3.64% | 3.69% | |||||
| 5-Year Variable | 3.89% | 3.95% | |||||
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Current Mortgage Rates in Victoria-bc
As of April 8, 2025 at 5:33 PM ET
Mortgage TermMortgage Term
Mortgage TypeMortgage Type
Mortgage AmountMortgage Amount
Amortization
Years
Mortgage TermMortgage Term
Mortgage TypeMortgage Type
Lenders | Insured Rates | Fixed | Variable | # of Branches | Main Branches |
|---|---|---|---|---|---|
Butler Mortgage Check More Rates 4.7/5(1091 reviews) | 3.64% Payment: $2,533.44/mo | ||||
Coast Capital Check More Rates | 3.94% Payment: $2,613.86/mo | ||||
Equitable Check More Rates | 3.99% Payment: $2,627.39/mo | ||||
CIBC Check More Rates | Lowest Big-6 bank rate since 2022 Payment: $2,627.39/mo | ||||
Laurentian Check More Rates | 3.99% Payment: $2,627.39/mo | ||||
Simplii Financial Check More Rates | 3.99% Payment: $2,627.39/mo | ||||
Manulife Check More Rates | 4.04% Payment: $2,640.95/mo | ||||
First National Check More Rates | 4.09% Payment: $2,654.55/mo | ||||
Investors Group Check More Rates | 4.14% Payment: $2,668.19/mo | ||||
Prospera Check More Rates | 4.19% Payment: $2,681.85/mo | ||||
Canadian Western Check More Rates | 4.19% Payment: $2,681.85/mo | ||||
National Bank Check More Rates | 4.19% Payment: $2,681.85/mo | ||||
BMO Promo Rates | 4.25%
Payment: $2,698.30/mo | ||||
RBC Check More Rates | 4.29% Payment: $2,709.29/mo | ||||
Lendwise Check More Rates | 4.29% Payment: $2,709.29/mo | ||||
CMLS Check More Rates | 4.49% Payment: $2,764.59/mo | ||||
TD Check More Rates | 4.54% Payment: $2,778.49/mo | ||||
Desjardins Check More Rates | 4.59% Payment: $2,792.44/mo | ||||
Peoples Bank Check More Rates | 4.64% Payment: $2,806.41/mo | ||||
Tangerine Check More Rates | 4.79% Payment: $2,848.54/mo | ||||
Community Trust Check More Rates | 5.59% Payment: $3,078.20/mo | ||||
motusbank Check More Rates | 6.69% Payment: $3,406.91/mo |
What are the best mortgage rates in Victoria-bc?
As of April 8, 2025,
- The best 1-year fixed insured mortgage rate is 5.24%, which is offered by Prospera
- The best 2-year fixed insured mortgage rate is 3.94%, which is offered by Butler Mortgage
- The best 3-year fixed insured mortgage rate is 3.74%, which is offered by Butler Mortgage
- The best 4-year fixed insured mortgage rate is 4.19%, which is offered by Butler Mortgage
- The best 5-year fixed insured mortgage rate is 3.64%, which is offered by Butler Mortgage
- The best 5-year variable insured mortgage rate is 3.89%, which is offered by Butler Mortgage
Victoria at a Glance
The City of Victoria is the capital city of British Columbia and is located on Vancouver Island. Victoria is located in the Capital Regional District and is home to over 85K residents. The population of Victoria increased by 7% from 2011 to 2016. Victoria real estate prices increased by 2% from May 2019 to May 2020 and the average price of a home in Victoria is $839K. According to the Victoria Real Estate Board, the average price of a single-family house exceeded $1M in June of 2020. A limited inventory due to the onset of the pandemic resulted in multiple offers for every property, thereby pushing up the price of real estate. Victoria property tax rates are the 22nd lowest property tax rates in BC for municipalities with a population greater than 10K. As of March 2023, Victoria has 66 licensed mortgage brokerages.
Lender Information
| Lender | Number of Locations | Mortgage Inquiry Phone # |
|---|---|---|
| BMO | BMO has 7 branches in Victoria. | General Inquiries- 1-844-837-9228 |
| Canada Life | Canada Life has no branches in Victoria. | No Direct Number |
| Canadian Western | Canadian Western Bank has 1 branch in Victoria. | No Direct Number |
| CIBC | CIBC has 9 branches in Victoria. | 1-866-525-8622 |
| CMLS | CMLS Financial has no branches in Victoria. | 1-888-995-2657 |
| Coast Capital | Coast Capital has 9 branches in Victoria. | |
| Desjardins | Desjardins has no branches in Victoria. | 1-844-626-2476 |
| Dominion Lending | N/A | |
| Equitable | Equitable Bank is a digital bank and has no branches in Victoria. | 1-888-334-3313 |
| First National | First National has no branches in Victoria. | No Direct Number |
| HSBC | HSBC has 3 branches in Victoria. | General Inquiries- 1-888-310-4722 |
| ICICI | ICICI Bank has no branches in Victoria. | No Direct Number |
| Investors Group | Investors Group has 2 locations in Victoria. | No Direct Number |
| Laurentian | Laurentian Bank has no branches in Victoria. | 1-866-522-4655 |
| Manulife | Manulife Bank has no branches in Victoria. | 1-877-765-2265 |
| MCAP | MCAP has no branches in Victoria. | 1-800-265-2624 |
| Meridian | Meridian Credit Union has no branches in Victoria. | 1-866-592-2226 |
| Mortgage Alliance | N/A | |
| motusbank | MotusBank is a digital bank and has no branches in Victoria. | 1-833-696-6887 |
| National Bank | National Bank has 1 branch in Victoria. | 1-855-755-9533 (Option 4) |
| Peoples Bank | Peoples Bank has no branches in Victoria. | No Direct Number |
| QuestMortgage | N/A | |
| RateHub/Canwise | N/A | |
| RBC | RBC has 11 branches in Victoria. | 1-800-769-2511 |
| SBI Canada Bank | SBI Bank Canada has no branches in Victoria. | No Direct Number |
| Scotiabank | Scotiabank has 7 branches in Victoria. | 1-877-303-8879 |
| Simplii Financial | Simplii Financial is a digital bank and has no branches in Victoria. | 1-888-866-0866 |
| Tangerine | Tangerine Bank has no branches in Victoria. | 1-888-826-4374 |
| TD | TD Bank has 12 branches in Victoria. | 1-800-722-3098 |
| Vancity | Vancity has 4 branches in Victoria. | General Inquiry: 1-888-826-2489 |
Disclaimer:
- Any analysis or commentary reflects the opinions of WOWA.ca analysts and should not be considered financial advice. Please consult a licensed professional before making any decisions.
- The calculators and content on this page are for general information only. WOWA does not guarantee the accuracy and is not responsible for any consequences of using the calculator.
- Financial institutions and brokerages may compensate us for connecting customers to them through payments for advertisements, clicks, and leads.
- Interest rates are sourced from financial institutions' websites or provided to us directly. Real estate data is sourced from the Canadian Real Estate Association (CREA) and regional boards' websites and documents.