Trusted mortgage services
Your Vancouver mortgage broker
Condos, townhomes, character houses and multiplexes across the city. We compare over 50 lenders for you.
- 5-yr fixed
- 4.89%
- 5-yr variable
- 3.70%
Updated Oct 25 · on approved credit · Compare to bank rates
Mortgages for Vancouver homes
Our office is in Vancouver, and we help buyers and homeowners in every part of the city: condos in the West End, Yaletown and Fairview, character homes in Kitsilano, Mount Pleasant and Grandview-Woodland, family homes in Dunbar, Kerrisdale and Killarney, and the new townhomes and multiplexes replacing older houses across the city.
Many Vancouver purchases are above the $1.5 million limit for insured mortgages, so the size of your down payment, how lenders treat your income and the details of the property matter more than usual. We compare banks, credit unions and specialist lenders to find the right fit.
What Vancouver buyers ask us about
Homes over $1.5 million
Homes priced at $1.5 million or more can't be insured, so you need at least 20% down. Pricing on larger mortgages varies between lenders, and we compare it.
Leasehold properties
Some homes, including many in False Creek South and around UBC, are leasehold. Lenders look closely at the remaining lease term, and fewer will lend on them.
Multiplexes and suites
Vancouver now allows multiplexes on many lots that used to hold a single house. Buying a unit in a new multiplex, or adding a suite or laneway home, each has its own financing path.
How it works
Your Vancouver mortgage in 3 steps
We do the shopping, you get the keys
Schedule a consultation- Step 1: Easily apply online in 5 minutesWith some simple questions, we build your profile and match you with mortgages that fit it. No cost to you for most mortgages, and no obligation.
- Step 2: We compare 50+ lenders to find the right mortgage for youWe compare rates and features from 50+ lenders and give you transparent options. Your options side by side: rate, penalties and flexibility.
- Step 3: Approved, with human supportFrom approval to closing, you have an advisor who gives you clear, transparent advice about your mortgage. Nick stays with you from approval to keys.
Frequently asked questions
You have questions — we have answers!
Vancouver mortgage questions
How much do I need down for a home over $1.5 million?
At least 20% of the purchase price, because mortgage insurance isn't available at that price. Budget for closing costs on top, including property transfer tax: 1% on the first $200,000, 2% up to $2 million, 3% from $2 million to $3 million, and 5% on the residential portion above $3 million.
Do I have to file an Empty Homes Tax declaration?
Yes. Every residential property owner in Vancouver files a property status declaration with the City each year, even if the home is their principal residence. Missing the deadline can mean the home is treated as vacant and taxed. This is separate from BC's speculation and vacancy tax, which has its own yearly declaration due by March 31. Watch for the City's notice early in the year and file both.
Can I buy a leasehold condo with a mortgage?
Yes, but fewer lenders offer it, and they look closely at how many years are left on the lease and at its terms. With a leasehold, such as many homes in False Creek South and around UBC, the land goes back to the landowner when the lease ends. A shorter remaining term can make financing harder, lower what the home is worth and affect resale, so we check the lease before you write an offer.
Can I get a mortgage on a unit in a new multiplex?
Usually, yes. Most multiplex units are sold as strata lots, so lenders review them like a small new strata: the bylaws, insurance and budget. As a newly built home, a unit may qualify for the newly built home property transfer tax exemption, and for a 30-year insured amortization if you put less than 20% down. Some units are sold as a shared interest in the whole property instead of their own title, and far fewer lenders finance those, so check how the unit is titled first.
Can I get a 30-year amortization on a home over $1.5 million?
Usually, yes. At $1.5 million or more you need at least 20% down, so the mortgage isn't insured, and lenders usually offer up to 30 years on uninsured mortgages. Federally regulated lenders still qualify you at the greater of 5.25% or your contract rate plus 2%, and each lender sets its own debt-ratio limits for larger mortgages. A longer amortization lowers the payment but adds interest, so we compare it with a 25-year plan.
Today's rates
Our rates vs the banks'
We shop 50+ lenders, so the rate you're offered isn't limited to one bank's rate sheet. Updated Oct 25.
Apply for your mortgage in minutes
Everyone's rate is different. What's yours?
Our job is to find you a competitive rate and terms that fit. Your rate qualification depends on certain factors, such as credit score and home equity, as per Canadian regulations. Get your details fast — there's no cost and no obligation.
- Current variable mortgage rate
- 3.70%
- Current prime rate
- 4.45%
| Term | Bank posted | Our rates | Action |
|---|---|---|---|
| 6 Months | 5.54% | 5.09% | Get this rate: 6 Months |
| 1 year fixed | 5.49% | 4.79% | Get this rate: 1 year fixed |
| 2 year fixed | 5.39% | 4.59% | Get this rate: 2 year fixed |
| 3 year fixed | 6.05% | 4.69% | Get this rate: 3 year fixed |
| 4 year fixed | 5.99% | 4.84% | Get this rate: 4 year fixed |
| 5 year fixed | 6.19% | 4.89% | Get this rate: 5 year fixed |
| 7 year fixed | 6.40% | 5.09% | Get this rate: 7 year fixed |
| 10 year fixed | 6.80% | 5.09% | Get this rate: 10 year fixed |
| 5 year variable | No bank rate | 3.70% | Get this rate: 5 year variable |
Bank posted rates are the big banks' posted rates published by the Bank of Canada (1, 3 and 5 years) and by Dominion Lending Centres (other terms). Some conditions may apply. Rates may vary from province to province. Rates subject to change without notice. Rates change often and depend on your down payment, credit and property; on approved credit (O.A.C.). E.&O.E.
Contact us
Have a question about your mortgage?
Contact info
Call, email or send us a message. We negotiate with over 50 lenders to find the right mortgage for you.
- Our location525 W 8th Ave #800, Vancouver, BC V5Z 1C6
- Phone number778-838-8005
- Email addressinfo@coastalblue.ca