Compare 5-year variable mortgage rates, prime discounts, payment-change risk, trigger-rate planning, conversion options, and total-cost tradeoffs.
Pragmatic rate snapshot
5-year variable advertised offers available in BC. Compare the lowest APR with the median of each lender’s lowest APR in our catalogue. These are different eligibility categories, before matching your income, property and mortgage amounts.
| Mortgage type | Lowest APR | Median lender APR | Lenders |
|---|---|---|---|
| Insured purchase | No current offer | — | 0 |
| Insurable purchase | No current offer | — | 0 |
| Uninsured purchase | No current offer | — | 0 |
| Renewal / transfer | No current offer | — | 0 |
| Refinance | No current offer | — | 0 |
The median gives each lender one observation: its lowest advertised APR in that category. It is not a funded-loan average, a whole-market survey or a personalized quote. Products can differ in LTV, credit, amortization, fees and restrictions. Categories can overlap, especially on renewal. APR uses a lender-supplied figure when available; otherwise it assumes the advertised interest rate. Default-insurance premiums and switching costs still need comparing.
Snapshot assembled . Each offer keeps its own source-check date and expiry. Assembly does not renew lender evidence.
Buying · $750,000 home · $150,000 down
BC · 5-year term · variable · 25-year amortization · Live in the home
0 of 0 matching rates
Try another term or rate type, or let a broker review your situation.
Talk to a brokerSupported public lender sources are checked once daily at 6 a.m. Vancouver time. Each offer shows when its source was checked. Your matches refresh while this page is open.
Expired promotions and rates without recent verification are removed automatically. A lender’s rate hold is separate from a promotion deadline. Promotional badges identify special rates; broker cashback estimates appear separately.
Choose your property, down payment, province and amortization to see matching products, then compare up to three for payment, interest and balance. Confirm fees, prepayment privileges, penalties and any funding deadline with your broker.
We’ll help you weigh the rate, flexibility and costs. Brokerage services are available for BC properties.
Explore each lender’s rate examples, terms and conditions. For a comparison based on your own numbers, use the rate shopper.
Compare the same balance, term, amortization and insurance category. Displayed rates depend on eligibility and lender approval.
Sign in to save your comparison →Make a fair comparison
A 5-year variable mortgage has a five-year contract term while its interest rate moves with prime. The term length does not make the rate fixed. Compare the prime adjustment, whether payments change, trigger provisions, conversion pricing, and the cost of leaving early before relying on the initial discount.
Five-year variable terms offer flexibility and potential savings but require tolerance for rate changes.
A five-year variable mortgage usually creates a closed five-year commitment while the interest rate moves with lender prime. The contractual term controls maturity and exit rules; it does not guarantee the rate or payment for five years.
Compare the prime adjustment, payment type, compounding, prepayment privileges, and break penalty as one package. The deepest discount is not enough if the payment mechanics do not fit the household.
Many lenders permit conversion to a fixed term, but the offered rate may be the lender's current conversion rate rather than the sharpest market rate. The remaining fixed term may also need to meet a minimum length.
Treat conversion as a contractual option, not a guaranteed escape at a competitive price. Stress-test the variable mortgage as if you might need to hold it through volatility.
Clear answers
Some lenders allow conversion, but pricing depends on their conversion policy.
Payments may change whenever prime changes or at specific lender intervals.
Use the regulator and consumer-agency guidance alongside the written terms of your lender’s offer.
Pragmatic Mortgage Lending · BC
We’ll review lender eligibility, penalties and flexibility alongside the payment.
