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Free Calculator — Updated 2025

Mortgage Calculator Vancouver 2025

Vancouver's average home costs $1.3M — use our mortgage calculator to find your monthly payment and total interest for any BC property.

$1,300,000
Avg. Vancouver Home Price
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Min. Down Payment

Vancouver Mortgage Calculator

Average Vancouver home price: $1,300,000
Min. 5% for homes under $500K | 200% avoids CMHC insurance
Or enter a dollar amount directly
2025 average 5-year fixed rate: ~5.0000%–5.500%
Max 25 years for insured mortgages (under 200% down)
Estimated Monthly Payment
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CMHC Insurance Required: Down payment under 200%. Insurance premium added to mortgage principal.

British Columbia Land Transfer Tax / Property Transfer Tax

BC Property Transfer Tax: 1% on first $200,000 + 2% on $200,001–$2M + 3% over $2M. On a $1.3M home: approximately $24,000.

BC's Property Transfer Tax (PTT) adds significant closing costs. On a $1.3M Vancouver home, PTT is approximately $24,000. First-time buyers qualify for an exemption on homes up to $500,000 (full) or $525,000 (partial).

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FAQ — Mortgages in Vancouver

What is the average home price in Vancouver in 2025?
The average home price in Vancouver is approximately $1,300,000 in 2025. Detached homes in Vancouver proper average $2M+, while condos average $800,000–$1.1M. The Fraser Valley and suburbs like Burnaby or Surrey offer more affordable options.
How much down payment do I need in Vancouver?
On a $1.3M Vancouver home, you need a minimum 200% down payment ($260,000) since CMHC doesn't insure purchases over $1.5M. For homes priced between $500K–$1M, you need at least 100% on the portion over $500K. Most Vancouver buyers put 200%+ down.
What is BC's Property Transfer Tax?
BC charges PTT at 1% on the first $200,000, 2% on $200,001–$2,000,000, and 3% over $2M. On a $1.3M Vancouver home, PTT is approximately $24,000. First-time buyers get a full exemption on homes under $500,000 and a partial exemption up to $525,000.
What mortgage rate can I get in Vancouver?
Vancouver mortgage rates mirror national rates. In 2025, 5-year fixed rates range from 4.5%–5.5%. On a $1,040,000 mortgage (800% of $1.3M), even a 00.25% rate difference saves over $25,000 in interest over 5 years. Compare rates through a broker.

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