Fixed Mortgage
Fixed Mortgage Rates in BC: Stability for Your Home & Budget
In the last two years, mortgage rates have seen some of their biggest changes in over a decade. This uncertainty is why a stable monthly payment is more important than ever. Our team is an expert at navigating this market to find our clients the lowest fixed mortgage rates in BC.
We help you lock in a great rate to protect you from future increases. For an expert analysis of today’s rates, call us at +1 (604) 591-3590.
If you are a first-time home buyer, then knowing about the rates will help you a lot. Here are our competitive rates:
Before investing in a home, it's important to find out the specifics. Here is an overview of our current mortgage rates that you will receive:
4.24%
*Most Popular| Terms | Bank Rates | Monthly Payment | Our Rates | Monthly Payment | Saving | |
|---|---|---|---|---|---|---|
| 6 Months | 7.89 % | $756.21 | 7.49 % | $730.93 | $25.28 | |
| 6 Months | 7.89 % | $756.21 | 7.49 % | $730.93 | $25.28 | |
| 6 Months | 7.89 % | $756.21 | 7.49 % | $730.93 | $25.28 | |
This great rate is available for High Ratio purchases and Switches only. Offers 20% lump sum payments per year, including the ability to increase your payments by up to 20%! It's a full-frills mortgage with a rate that can be held for up to 120 days. | ||||||
| 6 Months | 7.89 % | $756.21 | 7.49 % | $730.93 | $25.28 | |
| 6 Months | 7.89 % | $756.21 | 7.49 % | $730.93 | $25.28 | |
| 6 Months | 7.89 % | $756.21 | 7.49 % | $730.93 | $25.28 | |
| 6 Months | 7.89 % | $756.21 | 7.49 % | $730.93 | $25.28 | |
Please Note: Some conditions may apply. Rates may vary from Province to Province. Rates subject to change without notice. Posted rates may be high ratio and/or quick close which can differ from conventional rates. *O.A.C. & E.O
Last Update: 25 March 2025
What is a Fixed Rate Mortgage?
A fixed interest rate home loan is a loan where your interest rate stays exactly the same for your entire term. A term is usually 1, 3, or 5 years.
The biggest benefit is that your payment will not change, no matter what happens in the news or with the economy. This makes planning your budget simple and completely stress-free.
Knowing your rate helps you understand exactly what you can afford. A great first step is to use a mortgage payment calculator to see what your monthly payments would look like.
The Main Benefits of a Fixed Rate Mortgage
Why Choose Asim Ali to Secure Your Fixed Rate?
Here is why people across BC trust Asim Ali.
The current fixed mortgage rates can be very different between lenders. We have access to dozens of banks, credit unions, and trusts. We make them compete to offer you the best fixed-rate option available.
A great rate is important, but you also need the right strategy. We help you understand how your credit score affects your mortgage approval to make sure you qualify for the best products.
Our expertise goes far beyond just home loans. We also provide financing for businesses. You can learn more about us and our deep commitment to our clients’ long-term financial success.
Frequently Asked Questions (FAQ)
Here are a few common questions we get about fixed-rate financing.
The 3-year and 5-year fixed terms are by far the most popular choices for homeowners in British Columbia. They offer a great balance of stability and flexibility.
Yes, but it will come with a prepayment penalty, which can be quite large. It is very important to choose a term that you are comfortable committing to.
Interest rates can change every day. You can view our current rates page for a general overview. The best way to get your best personalized rate is to contact us directly.