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Best Mortgage Rates in Regina

Compare current mortgage rates in Regina and find the best rate in seconds.

We compare the most competitive brokers, lenders and banks in Regina to bring you today's best mortgages rates, at no cost to you. Our comparison charts list current Regina rates, and are updated every few minutes. To learn more about a particular rate, simply click "Inquire" - an agent will contact you within 1 business day. Don't worry, there are no obligations when you choose to inquire. Advertising Disclosure

Rates updated:
TERM FIXED
1-yr 2.24% CanWise Financial A Ratehub Company Lic. 12530 Compare all rates
2-yr 2.24% CanWise Financial A Ratehub Company Lic. 12530 Compare all rates
3-yr 2.24% CanWise Financial A Ratehub Company Lic. 12530 Compare all rates
4-yr 2.24% CanWise Financial A Ratehub Company Lic. 12530 Compare all rates
5-yr 2.04% CanWise Financial A Ratehub Company Lic. 12530 Compare all rates
6-yr 3.89% CanWise Financial A Ratehub Company Lic. 12530 Compare all rates
7-yr 3.09% CanWise Financial A Ratehub Company Lic. 12530 Compare all rates
10-yr 3.29% CanWise Financial A Ratehub Company Lic. 12530 Compare all rates
TERM VARIABLE
1-yr
2-yr
3-yr 2.85%
Prime + 0.40
CanWise Financial A Ratehub Company Lic. 12530 Compare all rates
4-yr
5-yr 1.80%
Prime - 0.65
CanWise Financial A Ratehub Company Lic. 12530 Compare all rates
6-yr
7-yr
10-yr
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Best mortgage rates in Regina (view all) +


Current Regina Mortgage Rate News


Best Regina mortgage rates

Regina mortgage rates will continue to remain low, consistent with the rest of the country. Economists from Canada’s big banks predict there is a possibility for rates to increase in 2017.

Regina Information

As the capital of Saskatchewan, Regina is a city home to 241,422 people and a rich, cultural heritage. Situated within an urban forest of over 350,000 hand-planted trees, the city is not only an exceptional place for outdoor activities, it also has great shopping centers, restaurants, and attractions such as the Casino Regina, the RCMP Heritgage Centre, and the Wascana Centre, a must-see 930-hectare parkland in the heart of the city.

The Regina housing market

MLS residential sales have declined from 3,692 in 2013 to 3,426 in 2015. The average MLS price has also seen a slight drop from $312,355 in 2013 to $310,609 in 2015. Sales are expected to continue seeing a downwards trend in 2016 before edging back upwards in 2017.


Regina mortgage brokers

Get connected with a Regina mortgage broker during the home buying process. They’ll help make the process easier by handling rate negotiations and help with the necessary paperwork so you can get the lowest rate that’s right for you.


Regina mortgage rates: Frequently Asked Questions

Here are a few answers to the most common questions we receive.

How much can I save by comparing Regina mortgage rates?

Getting a mortgage in Regina is probably the biggest financial commitment you’ll make in your life, so it’s important to get a great deal. Comparing mortgage rates from different providers is one of the best things you can do to get a lower rate.

So how much can you save with a lower rate? On a $500,000 mortgage with a 25-year amortization, paying 2.50% instead of 3.0% could save you around $126 a month. Overall, you’d pay $11,767 less in interest over a 5-year term. You can use our mortgage payment calculator to input your own figures, and work out how much you could save by comparing mortgage rates.

Why compare Regina mortgage rates with Ratehub.ca?

Ratehub.ca makes it easy to compare Regina mortgage rates, but pulling rates from the big banks, Regina mortgage brokers, and smaller lenders like credit unions, all in one place. By seeing what’s available in Regina, you’ll be able to make sure you get the best possible deal. We do this at no cost to you.

Are Regina mortgage rates higher than other cities?

Regina mortgage rates can sometimes differ from other Canadian cities, but not just because of the city itself. Mortgage rates are determined by lots of factors, including competition among lenders to offer the lowest rates. Some cities have more competition than others, which generally leads to slightly lower rates. However, the differences are generally small.

What’s the difference between variable and fixed rates?

Variable rates can change over the course of your mortgage term (which can range from 1 to 10 years). On the other hand, fixed rates remain constant throughout your mortgage term, even if the prime rate changes.

The advantage of variable rates is that if rates fall across the market, then your rate will also drop. The downsides are that rates can go up. This would also cause your rate to rise, which means paying more on your regular mortgage payment.

The advantage of fixed rates is that your regular mortgage payments will stay the same for your entire term. However, if prime rates were to drop, you’d be missing out on the savings that a lower rate would offer.

Learn more about fixed and variable rates here.

Is it worth getting a mortgage pre-approval?

When buying a new home in Regina it’s generally worth getting a pre-approval. A pre-approval is an in-principal commitment from a lender to offer you a particular rate for a given mortgage. This gives you confidence that the homes you’re looking at are within your budget, and lets you move faster when you’re ready to make an offer.

You can start the pre-approval process by going directly to a lender, or you can apply with the help of a mortgage broker. Remember that you’re not obligated to get a mortgage with a particular lender, even if you’ve been pre-approved by them. Also remember that your pre-approval is not a final guarantee of a particular rate. That’s only confirmed when you make your final application.

Which bank has the best mortgage rates in Regina?

No one bank has the best rates in Regina, or offers the best mortgage in Regina. Mortgage rates change regularly, and different lenders will often run promotions that make them temporarily more competitive. The best way to get a lower mortgage rate is to compare current rates from multiple mortgage providers and brokers.

Remember as well that the best mortgage for you is not necessarily the one with the lowest rate. Your mortgage will be a big part of your life for years to come, and getting one with the right features and terms is sometimes more important than the rate. Getting advice from a Regina mortgage broker is a good way to better understand this, if you’re worried.

Should I use a mortgage broker in Regina?

A mortgage broker can connect you with mortgage products from a range of lenders, both big and small. As well as being connected with multiple lenders, brokers often have access to rates and deals that aren’t available to the public. Generally, getting a mortgage through a broker will help you secure a lower mortgage rate than going directly to your current bank. Mortgage brokers are free for you to use, so there’s no risk in approaching one for a chat.