5-year fixed broker floor: 4.04% · Variable broker floor: 3.60% · Qualifying income for median Manitoba home (~$350K): approximately $92,425/yr.
Paid report options after the free check: Rate Fairness Report CA$24 · Full Renewal Decision Report CA$49. No broker calls. No data sold.
Canadian mortgage rates are set nationally — the benchmark is the same in Manitoba as across Canada. The table below shows current estimated benchmark rates for all terms, based on Bank of Canada data. Rates assume excellent credit (750+ score) and represent the best available pricing tier.
| Term | Fixed broker floor | Fixed bank avg | Variable broker floor |
|---|---|---|---|
| 1-Year | 4.54% | 4.79% | 3.60% |
| 2-Year | 4.34% | 4.59% | 3.60% |
| 3-Year | 4.19% | 4.44% | 3.60% |
| 4-Year | 4.09% | 4.34% | 3.60% |
| 5-Year | 4.04% | 4.29% | 3.60% |
| 7-Year | 4.24% | 4.49% | 3.60% |
| 10-Year | 4.49% | 4.74% | 3.60% |
Manitoba charges a Land Transfer Tax on all residential property transfers.
A minimum tax of $100 applies. On a $350,000 Manitoba purchase, LTT is approximately $5,650.
First-time buyer rebate: Manitoba first-time buyers qualify for a LTT rebate up to $2,500 on homes under $450,000. The rebate is applied at closing.
| Value threshold | Tax rate / fee |
|---|---|
| Up to $30,000 | 0.5% |
| Up to $90,000 | 1.0% |
| Up to $150,000 | 1.5% |
| Up to $200,000 | 2.0% |
| Above prior bracket | 2.5% |
For the Manitoba median purchase price of approximately $350,000 with 10% down ($35,000):
Mortgage amount: $315,000 · Stress test qualifying rate: 6.04% · Monthly P&I at qualifying rate: $2,023/month · Annual PITH: ~$29,576 · Required gross income (32% GDS): approximately $92,425/year.
Manitoba borrowers qualify at the federal stress test rate. Winnipeg's affordable housing market frequently produces lower qualifying income requirements than national averages.
Mortgage brokers and lenders in Manitoba are regulated by the Manitoba Securities Commission. Borrowers in Manitoba can access the full range of federally regulated banks, provincially regulated credit unions, and monoline lenders through the broker channel.
Major cities in Manitoba: Winnipeg, Brandon, Steinbach, Thompson.
CMHC mortgage insurance applies in Manitoba for eligible purchases under $1,500,000 with less than 20% down (as of December 2024).
Select your term, rate type, credit tier, and intent to see a detailed rate page for your exact borrower scenario in Manitoba.
Many Manitoba borrowers are renewing mortgages locked in at historically low rates between 2019 and 2023. If you locked in during this period, your renewal represents a significant payment change.
Select your original term and year to see your specific renewal shock analysis:
The current 5-year fixed mortgage broker floor in Manitoba is approximately 4.04% and the bank average is 4.29%. Variable rate broker floor is approximately 3.60%. These are national benchmark rates that apply equally in all provinces.
Manitoba charges a Land Transfer Tax on all residential property transfers. A minimum tax of $100 applies. On a $350,000 Manitoba purchase, LTT is approximately $5,650.
For a Manitoba median home price of approximately $350,000 with 10% down, you need approximately $92,425 in gross annual income under the 2026 stress test at 6.04%. This is an estimate — your lender calculates your exact qualifying income.
Yes — Manitoba first-time buyers qualify for a LTT rebate up to $2,500 on homes under $450,000. The rebate is applied at closing. The federal FHSA is also available to eligible first-time buyers in all provinces.
Mortgage brokers in Manitoba are regulated by the Manitoba Securities Commission.