What is the average mortgage rate in Manitoba, Canada?

The current 5-year fixed mortgage rate in Manitoba is approximately 4.31%, and the variable rate is approximately 3.62% (Bank of Canada data, as of Apr 16, 2026). Rates vary by lender, term, and whether you require CMHC insurance.

Do I need CMHC insurance when buying a home in Manitoba?

CMHC mortgage default insurance is required in Manitoba when your down payment is less than 20% of the purchase price. Premiums range from 2.80% to 4.00% of the insured loan amount and are added to your mortgage balance — not paid at closing.

What is the stress test rate for mortgages in Canada?

Under OSFI Guideline B-20, all Canadian mortgage applicants must qualify at the higher of their contract rate plus 2%, or 5.25%. With a 5.24% contract rate, the qualifying rate is approximately 7.24%.

Hipoteca — Manitoba, Canada

Q: What is the land transfer tax in Manitoba?

Manitoba charges a Land Transfer Tax on a sliding scale: 0.5% on the first C$30,000, 1% on C$30,001–C$90,000, 1.5% on C$90,001–C$150,000, 2% above C$150,000, and 2.5% above C$200,000. First-time buyer rebates up to C$4,500.

Pre-filled with Manitoba's average home price of C$335000, property tax of C$2680/year, and a 5-year fixed rate of 4.31%. Adjust any value below.

OSFI Stress Test: You must qualify at 7.24% (contract rate + 2%) under Canada's mortgage stress test rules. This calculator shows your actual payment — your lender will verify you can afford the stress-test rate.

Reference Rates

5-yr Fixed 4.31% Variable 3.62% Prime Rate 4.46% BoC Rate 2.2649%

Apr 16, 2026 · Bank of Canada

1 Datos del Crédito

Precio del Inmueble

Enganche

Monto del Crédito

Calculado automáticamente —

Tasa de Interés Anual (live 5-yr fixed 4.31%)

Período de Amortización

2 Costos Mensuales (Manitoba averages pre-filled)

Predial ((anual)) ~0.8% in MB

Seguro de Inmueble ((anual))

Cuotas de Condominio (mensual, si aplica)

Incluir Seguro CMHC

Obligatorio si el enganche < 20 %

Mensualidad Estimada

—

Ingresa los datos para ver tu mensualidad

Capital e Intereses

—

Predial

—

Seguro de Inmueble

—

Cuotas de Condominio

—

Total de Intereses

—

Durante el plazo

Costo Total

—

Capital + intereses

Monto Financiado

—

Monto prestado

Enganche

—

Del precio del inmueble

Desglose de la Mensualidad

Evolución del Saldo Insoluto

Comparativa de Tasas

Cómo cambia tu mensualidad según la tasa

Escenario de Tasa	Mensualidad C+I	Total Intereses
Ingresa los datos para ver escenarios

Tabla de Amortización

Desglose mensual completo

Manitoba Mercado Inmobiliario

Manitoba's housing market is anchored by Winnipeg, which offers some of the best big-city affordability in Canada. The province has a diversified economy with significant agriculture, manufacturing, and government employment. Price growth has been steady but modest compared to hotter markets.

Precio Promedio de la Vivienda C$335000

Tasa Efectiva del Impuesto Predial ~0.8%

Impuesto Predial Anual Prom. C$2680

Seguro Anual Prom. C$1150

Tasa de Prueba de Estrés ~7.24%

Comprar en Manitoba

Winnipeg consistently ranks among Canada's most affordable major cities. A household income of C$90,000–C$110,000 can comfortably qualify for a median-priced Winnipeg home with 10% down. Rural Manitoba offers even greater affordability.

Impuesto sobre Transmisiones

Manitoba charges a Land Transfer Tax on a sliding scale: 0.5% on the first C$30,000, 1% on C$30,001–C$90,000, 1.5% on C$90,001–C$150,000, 2% above C$150,000, and 2.5% above C$200,000. First-time buyer rebates up to C$4,500.

Seguro Hipotecario CMHC

CMHC insurance applies to down payments of 5–19.99%. Manitoba's moderate home prices keep insurance premiums reasonable in absolute terms.

Mercados Clave

Winnipeg Brandon Steinbach Thompson Portage la Prairie

Calculadora por Provincia Canadiense

Ontario British Columbia Alberta Quebec Nova Scotia Saskatchewan Estados Unidos →