What are mortgage rates in Saanich today?
| Term | Rate | Lender type | Shelf / note | Payment on $400,000 |
|---|---|---|---|---|
| 5-year fixed | 4.04% | Credit union | uninsured | $2,113/mo |
| 5-year variable | 3.70% | Brokerage | prime − 0.75% | $2,046/mo |
| 3-year fixed | 4.19% | Monoline | uninsured | $2,145/mo |
| HELOC | 4.95% | Bank | prime + 0.50% | — |
Payments on a $400,000 mortgage, 25-year amortization, fixed rates compounded semi-annually. Prime 4.45% (Bank of Canada policy rate 2.25%), October 7, 2026.
Who bids on Saanich mortgages?
Every approved lender that serves British Columbia appears on this page automatically.
Mortgage renewal in Saanich
Saanich homeowners can switch lenders at maturity with no penalty. Start 120 days early and challenge your renewal rate; on a $412,000 balance, a bid 0.85% lower saves about $194 a month.
Refinance and HELOC in Saanich
Refinance up to 80% of your Saanich home's value, or open a HELOC up to 65%. Compare both with the refinance calculator and HELOC calculator.
What does it cost to buy in Saanich?
B.C. charges property transfer tax: 1% on the first $200,000, 2% to $2 million, 3% above $2 million, plus a further 2% on residential value over $3 million. First-time buyers pay no tax on the first $500,000 when the home is worth $835,000 or less (partial exemption up to $860,000).
| Item | Amount |
|---|---|
| Total transfer tax / registration fees | $16,000 |
Before first-time buyer rebates. Rules checked October 7, 2026.
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Frequently asked questions
What are mortgage rates in Saanich today?
See the best bids table above; post your request for bids on your own file.
Is a Saanich mortgage renewal different from other cities?
The process is the same; which lenders serve the area and the property type matter more than the city.
Can I get a private mortgage in Saanich?
Yes, if private lenders or MICs serve British Columbia. Each bid lists every fee.
Do I need a Saanich mortgage broker?
Not to get bids. Brokerages bid alongside lenders.
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