Best 5-Year Fixed
4.49%
Mortgage rates in Manitoba
Updated June 25, 2026.
Manitoba has moderate land transfer tax, a small first-time buyer rebate at the registration stage, and a relatively flat housing market that makes it one of the more affordable provinces to buy in.
Rates shown are updated daily and are not an offer of credit. Actual rates require lender approval and may differ. Discounted rates are the bank's own published special-offer rates; a mortgage broker can often secure a lower rate than what's shown. See our methodology.
Best 3-Year Fixed
4.44%
Best Variable
3.95%
All lenders available in Manitoba
Includes national lenders plus provincial credit unions and lenders operating in Manitoba.
| Lender | 3-Year Fixed | 5-Year Fixed | Variable |
|---|---|---|---|
 Tangerine | 4.44% | 4.49% | 4.00% |
 TD Bank | 4.69% | 4.84% | 4.24% |
 BMO Bank of Montreal | 4.64% | 4.84% | 4.10% |
 CIBC | 4.64% | 4.84% | 3.95% |
 National Bank of Canada | 4.74% | 4.84% | 4.45% |
 RBC Royal Bank | 4.74% | 4.89% | 3.95% |
 Scotiabank | 6.05% | 4.90% | 5.95% |
Land transfer tax in Manitoba
Manitoba LTT: $0 on first $30,000; 0.5% on $30,000–$90,000; 1.0% on $90,000–$150,000; 1.5% on $150,000–$200,000; 2.0% on any portion above $200,000. On a $400,000 home that's $5,650.
First-time buyer rebate
Manitoba does not offer a province-wide first-time buyer LTT rebate, but Winnipeg waives some municipal land transfer add-ons for first-time buyers in qualifying neighbourhoods.
First-time home buyer programs
Federal programs apply everywhere — the FHSA, RRSP Home Buyers' Plan, and federal Home Buyers' Tax Credit. The programs below are specific to Manitoba.
- Manitoba Tipping Point
There's no headline provincial FTHB program comparable to BC or Ontario. First-time buyers in Manitoba mostly rely on the federal HBP, FHSA, and the Home Buyers' Tax Credit.
Local notes
- Cambrian Credit Union and Sunova are notable Manitoba credit unions — provincially regulated, sometimes more flexible on qualifying than federal lenders.
- Winnipeg has the lowest median home price among Canada's larger cities, which means CMHC premium tier matters less and uninsured-vs-insured rate spread is smaller in absolute dollars.