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Manitoba Mortgages

Manitoba Rates

We shop the most competitive brokers, lenders and banks in Canada to bring you today's lowest interest rates, free of charge! Our Canadian comparison charts list current rates, and are updated on a daily basis.

Term Lowest Fixed Rate Lowest Variable Rate
1-Year 2.09%
3-Year 1.84% 2.45%
5-Year 1.64% 1.60%
10-Year 2.49%
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Manitoba has a land transfer tax based on the purchase price of the home and the following marginal tax rates:

Purchase Price of Home Marginal Tax Rate
First $30,000 0.0%
$30,000 to $90,000 0.5%
$90,000 to $150,000 1.0%
$150,000 to $200,000 1.5%
Over $200,000 2.0%

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Mortgage default insurance or CMHC insurance is required in Canada for down payments of less than 20%.


Down payment (% of home)
5%-9.99% 10%-14.99% 15-19.99% 20% or higher
CMHC insurance premium 2.75% 2.00% 1.75% 0.00%

Additional criteria as of July 9th, 2012:

  • The maximum amortization available on an insured mortgage (less than 20% down) is 25 years.
  • Homes sold for more than $1,000,000 do not qualify for CMHC insurance and, therefore, require a down payment of at least 20%.

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Manitoba Mortgage Calculators

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Manitoba First Time Home Buyer Freebies

  • First time home buyer Tax Credit

    Get $750 dollars back on your personal tax return.

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  • RRSP Home buyers Plan

    Access up to $25,000 from
    your RRSP tax-free.

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Manitoba Blog Articles

Jon Montgomery – Embrace your average, be great

September 18, 2020

It’s not every day that you get to chat with an Olympian. In this episode of Ratehub’s Real Money Talk Podcast, Tyler and MoneySense Editor-in-Chief, Sandra Martin, do just that.  Jon Montgomery was a hero of the 2010 Olympics, winning … Continue reading →

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How to report a car accident to police

September 17, 2020

According to Transport Canada, there are over 300,000 car accidents every year. Getting in a car accident is stressful and scary. Initially, you might feel shocked and scared – and that’s normal. However, once you’re ready — if you’re able … Continue reading →

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