Manitoba Mortgage Rates & Home Buying Guide
Manitoba is one of Canada's most affordable provinces for homebuyers. Prices in Winnipeg remain accessible, though there's no provincial first-time buyer land transfer tax rebate.
Last updated: May 2026
Among the most affordable provinces; Winnipeg leads the market.
- Winnipeg
- Brandon
- Steinbach
Land Transfer Tax on a sliding scale up to 2% on amounts over $200,000, with no first-time buyer rebate.
No provincial first-time buyer LTT rebate, but federal FHSA, RRSP HBP, and the $1,500 tax credit apply.
What to Know About Buying in Manitoba
One of the most affordable housing markets in Canada.
No first-time buyer LTT rebate — budget for the full tax.
Stable prices and steady demand in Winnipeg.
Mortgage rates in Manitoba are set nationally by Canada's major banks and lenders, then adjusted for your down payment, credit, and whether your mortgage is insured. The Bank of Canada's policy rate drives variable rates, while fixed rates track government bond yields.
To get the best rate in Manitoba, compare offers from multiple lenders, consider both fixed and variable options, and remember that insured (high-ratio) mortgages often carry lower rates because they're CMHC-backed.
See live rates from RBC, TD, BMO, Scotiabank, CIBC and more on our Canadian bank rates page, updated with the latest Bank of Canada prime rate.
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Calculate Your Manitoba Mortgage
Model your monthly payment and estimate your land transfer tax for Manitoba.