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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 2.49%
3-Year 2.14% 2.45%
5-Year 2.14% 1.85%
10-Year 3.09%
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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

Condo or house? A guide for first-time homebuyers

May 31, 2020

Should your first home be a condo or house? There are pros and cons to both. Here's everything first-time home buyers need to know. Continue reading →

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Will my insurance cover an Airbnb sublet?

May 31, 2020

I’m an Airbnb host but I don’t own my home. When I tell people I Airbnb sublet my apartment out for days, weekends and occasionally weeks at a time, they inevitably ask, “aren’t you afraid something is going to happen?”

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