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 Detalles del Préstamo

Precio del Inmueble

Entrada / Señal

Importe del Préstamo

Calculado automáticamente —

Tipo de Interés (live 5-yr fixed 4.31%)

Período de Amortización

2 Costes Mensuales (Manitoba averages pre-filled)

IBI ((anual)) ~0.8% in MB

Seguro de Hogar ((anual))

Gastos de Comunidad (mensual, si aplica)

Incluir Seguro CMHC

Obligatorio si la entrada < 20 %

Pago Mensual Estimado

—

Introduce los datos para ver tu pago

Capital e Intereses

—

IBI

—

Seguro de Hogar

—

Gastos de Comunidad

—

Total de Intereses

—

A lo largo del préstamo

Coste Total

—

Capital + intereses

Importe Financiado

—

Cantidad prestada

Entrada

—

Del precio del inmueble

Desglose de la Cuota Mensual

Evolución del Capital Pendiente

Comparativa de Tipos

Cómo cambia tu cuota según el tipo de interés

Escenario de Tipo	Cuota C+I	Total Intereses
Introduce los datos para ver escenarios

Cuadro de Amortización

Desglose mensual completo

Mes	Año	Cuota	Capital	Intereses	Capital Pendiente

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 Medio de la Vivienda C$335000

Tasa Efectiva del IBI ~0.8%

IBI Anual Medio C$2680

Seguro Anual Medio 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 →