Latest Mortgage Rates Canada

Compare current rates from Canada's top lenders including Big 6 Banks and monoline lenders. Updated twice daily.

Mortgage Rates in Brandon

National mortgage rates and Manitoba land transfer tax notes for Brandon.

Current mortgage rates for Brandon shoppers

These are live national postings from lenders we track (updated Sep 16, 2026)—not a made-up “average Brandon rate.” Lenders generally price the product and the borrower, not the city. Closing costs in Brandon still follow Manitoba tax rules below.

Best 5-year fixed we track

4.06%

Coast Capital Savings · insured

Best 5-year variable we track

3.44%

Meridian Credit Union · insured

Compare all live rates →5-year fixed hub

Buying or renewing in Brandon

Brandon uses Manitoba’s provincial land transfer tax, same statute as Winnipeg. There is typically no first-time LTT refund.

Manitoba land transfer tax is provincial. Property tax is municipal and billed after you own the home.

Manitoba land transfer tax

Manitoba charges a provincial land transfer tax on the value of the land and buildings. The first $30,000 is generally exempt, then rates step up (0.5%, 1%, 1.5%, 2% on higher slices—see Manitoba Finance). There is no Ontario-style first-time LTT refund. Brandon buyers should run the closing-costs calculator with Manitoba selected and confirm the tariff with their lawyer.

Tax rules change. Confirm with your lawyer or notary before you go firm. Figures here match provincial/municipal programs we cite in the pull request notes—not an invented Brandon average price.

Manitoba closing costs calculator →

First-time buyers in Brandon

First-time buyers in Brandon rely on federal FHSA and HBP programs. Manitoba land transfer tax is still due; plan it as cash-to-close rather than expecting a rebate.

FHSA

The First Home Savings Account lets eligible first-time buyers contribute up to $8,000 a year (lifetime $40,000). Contributions are tax-deductible and qualifying withdrawals for a first home are tax-free.

Home Buyers’ Plan

The RRSP Home Buyers’ Plan lets eligible first-time buyers withdraw up to $60,000 per person (couples can combine) to buy or build a home, then repay it over 15 years.

Stress test

Federally regulated lenders must qualify you at the greater of your contract rate plus 2% or the Bank of Canada’s qualifying rate. Run the numbers before you shop listings.

Renewing a mortgage in Brandon

Shop Brandon renewals against the same national 5-year fixed and variable hubs as the rest of Canada.

Shop before the lender’s offer

Your current lender’s renewal letter is a starting point, not a ceiling. Compare it with today’s posted 5-year fixed and variable rates on this site, then ask them to match.

Know the break cost

If you refinance or switch before maturity, the penalty can wipe out the rate savings. Estimate it with the penalty calculator before you sign a new term.

Brandon mortgage FAQs

Does Brandon have land transfer tax?

Manitoba charges provincial land transfer tax. It is not optional at the city level. There is typically no first-time-buyer LTT refund like Ontario’s.

Are mortgage rates special in Brandon?

No city-specific rate card. Compare live national rates, then add Manitoba tax and legal fees to your cash-to-close.

Where should I compare Brandon mortgage rates?

Start with the live snapshot on this page, then open the 5-year fixed, variable, insured, and uninsured hubs. Open individual lender pages for the names you are considering. We do not invent a Brandon-only average rate.

Does the mortgage stress test change in Brandon?

No. Federally regulated lenders use the same qualifying-rate rules across Canada. Local taxes change cash-to-close, not the stress-test formula. Use the stress-test qualifier with your actual payment estimate.