Best Mortgage Rates in Victoria 2025
BC's capital without Vancouver prices. Mild climate, ocean views. Find your rate.
Current Victoria Mortgage Rates
5-Year Fixed
4.19%
Best available rate
5-Year Variable
3.85%
Prime -0.60%
Victoria Advantage: ~$1M average saves $1M+ vs Vancouver. No speculation tax. Warmest major city in Canada.
First-Time Buyer Programs
BC First Time Home Buyers' Program
Property Transfer Tax exemption on homes up to $500K. Partial exemption up to $835K.
BC Home Owner Mortgage Program
First-time buyers in Victoria may qualify for property tax deferment.
Victoria Market Factors
No Speculation Tax
Victoria is exempt from BC's Speculation and Vacancy Tax. Unlike Vancouver, there's no annual tax on vacant or foreign-owned properties.
Government Employment
Provincial capital with major BC government presence. Stable employment base unlike resource-dependent cities.
Mediterranean Climate
Canada's most mild climate - warm summers, minimal snow in winter. Attracts retirees and remote workers.