Manitoba

Best mortgage rates in Manitoba: compare today's fixed and variable offers

Compare today's best mortgage rates in Manitoba for purchases, renewals, refinances, and home equity scenarios. See indicative fixed and variable offers, what type of borrower typically qualifies, and when a lower rate may come with trade-offs in penalties, portability, or flexibility.

Rates updated daily · Displayed rates are indicative and may change based on down payment, insurance status, property type, and borrower profile.

Live rates

Manitoba mortgage rates

Transaction

Purpose

Province

Purchase price

Down payment

$ 20%

Amortization

Term

Fixed

Variable

Current market rates are shown below as a quick reference. For a personalized quote based on your details, contact us or review our current Ontario rates overview.

Typical Canadian mortgage rates - Ontario, owner-occupied purchase (indicative, updated regularly)
Term	Fixed rate	Variable rate	Note
1 year	~4.69%	-	Short commitment
2 year	~4.39%	-	Rate reset opportunity
3 year	~3.94%	~3.55%	Mid-term flexibility
4 year	~4.39%	-
5 year	~4.04%	~3.44%	Most popular term

Rates are indicative and change daily. Speak with a Frank advisor for live lender pricing tailored to your profile.

Rates are from our lender network and shown for informational purposes only. Your actual rate depends on your borrower profile and selected product. Speak with a Frank advisor for a personalized quote.

Programs

Manitoba first-time buyer programs

First Home Savings Account (FHSA)

Contribute up to $8,000/year (lifetime max $40,000). Contributions are tax-deductible and qualifying withdrawals are tax-free. An excellent vehicle for building a down payment.

RRSP Home Buyers' Plan (HBP)

Withdraw up to $60,000 tax-free from your RRSP ($120,000 for two buyers). Repay over 15 years or the amount becomes taxable income.

Relatively Moderate LTT

Manitoba's land transfer tax rates are lower than Ontario's or BC's, with the first $30,000 exempt entirely. No first-time buyer rebate exists, but the tax itself is modest by comparison.

Closing costs

Manitoba Land Transfer Tax calculator

Estimate your Manitoba LTT. Progressive brackets apply - the first $30,000 is exempt. No first-time buyer rebate in Manitoba.

Select province

Purchase price

LTT

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Total land transfer tax after rebates

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Rate brackets

Purchase price range	Marginal rate

FAQ

Manitoba mortgage rate - common questions

What is the land transfer tax in Manitoba?

Manitoba charges a land transfer tax using progressive brackets: 0% on the first $30,000, 0.5% on $30,001–$90,000, 1% on $90,001–$150,000, 1.5% on $150,001–$200,000, and 2% on amounts over $200,000. There is no first-time buyer rebate.

How do I get the best mortgage rate in Manitoba?

Work with a mortgage broker who shops multiple lenders. Credit above 680, a solid down payment, and documented income give you access to A-lender rates. Frank is licensed in Manitoba and charges no fee on prime mortgages.

Does Frank charge a fee for Manitoba mortgages?

No. Frank charges $0 for prime (A-lender) mortgages and alternative (B-lender) mortgages in Manitoba. Frank is compensated by the lender. We only charge fees when a private mortgage is necessary.

Related resources

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