As a Winnipeg mortgage broker, Chad Wilson works for you, his client. He isn’t a bank and doesn’t work for them.

Working with Ideal Mortgage Solutions gives you access to numerous financial institutions to shop around for the most competitive Winnipeg mortgage rates.

Below, you will find a small sampling of current mortgage rates pulled by a website dedicated to posting mortgage rates from a few financial institutions throughout the Manitoba area. Please keep in mind, these rates fluctuate often and can be affected by any number of factors.

Winnipeg Mortgage Rates

5 Year Fixed 2.59% – Canada Trust 2.59% – BMO 2.89% – RBC Royal Bank
5 Year Variable 2.60% – Canada Trust 2.70% – Tangerine 2.70% – CIBC
3 Year Fixed  2.44% – CIBC 2.64% – RBC Royal Bank 3.34% – Financial
1 Year Fixed 2.84% – CIBC 2.99% – Canada Trust 2.99% – RBC Royal Bank


In the table, the terms “fixed” and “variable” are referring to fixed-rate and variable rate mortgages, respectively. These are two of the most common types of mortgages.

A fixed-rate mortgage is a mortgage that has an interest rate that remains constant throughout the entire duration of the loan. A variable, or adjustable, rate mortgage is a mortgage that has an interest rate that is not fixed and therefore can change over time.

With a fixed-rate, buyers know exactly what their interest, and therefore principal payments, will be for the life of their mortgage. With a variable-rate mortgage, the interest rate will be adjusted from time to time, causing the monthly mortgage payments to change as well.

Most buyers are drawn to variable-rate mortgages because the initial interest rate is usually less than the interest rate on fixed-rate mortgages. This initial rate does change after a certain period, usually by increasing, so that should also be considered when exploring your home financing options.

For more information on current Winnipeg mortgage rates, or for a consultation to discuss your mortgage needs, call Chad Wilson today at phone number 204-488-2416!