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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 1.64%
3-Year 1.64% 2.45%
5-Year 1.39% 0.99%
10-Year 2.14%
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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.

    Learn more
  • RRSP Home buyers Plan

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

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Manitoba Blog Articles

Life insurance not paying out? 4 reasons why claims are denied

January 21, 2021

When considering life insurance, there are many factors to take into account. They include: finding the best policy for your family, not being over- or under-insured, and confidently knowing your dependents will receive the benefit. In 2019, Canada Life insurance … Continue reading →

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16 ways to save money when grocery shopping

January 21, 2021

The average family in Canada spends over $12,000 on food every year. And with the COVID-19 pandemic changing everything from the way we shop to how global supply chains function, grocery bills are only expected to go up. Canada’s Food … Continue reading →

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