Current Regina Mortgage Rates

The best mortgage rates in Regina, SK from major banks, credit unions and brokers.

Today's top rates in:

5-Year Variable
4.75%
5-Year Fixed
4.77%

Best Current Mortgage Rates in Regina

Evaluate all of Regina's best mortgage rates in one place. RATESDOTCAs Rate Matrix lets you compare pricing for all key mortgage types and terms.

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Rates are based on an average mortgage of $500,000 and subject to change based on filter criteria.

Updated 03:35 on May 04, 2025
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Insured The rates in this column apply to borrowers who have purchased mortgage default insurance. This is required when you purchase a home with less than a 20% down payment. The home must be owner-occupied and the amortization must be 25 years or less.
80% LTV The rates in this column apply to mortgage amounts between 65.01% and 80% of the property value. The home must be owner-occupied and have an amortization of 25 years or less. You must have purchased it for less than $1 million. These rates are not available on refinances. Refinances require "Uninsured" rates.
65% LTV The rates in this column apply to mortgage amounts that are 65% of the property value or less. The home must be owner-occupied and have an amortization of 25 years or less. You must have purchased it for less than $1 million. These rates are not available on refinances. Refinances require "Uninsured" rates.
Uninsured The rates in this column apply to purchases over $1 million, refinances and amortizations over 25 years. More info on the differences between insured and uninsured rates.
Bank Rate Bank Rate is the mortgage interest rate posted by the big banks in Canada.
1-year fixed rate 4.69% 5.24% 5.24% 5.59%
5.49% cibc-mortgage logo
2-years fixed rate 3.89% 4.70% 4.79% 4.70%
4.79% cibc-mortgage logo
3-years fixed rate 3.94% 3.94% 3.94% 4.09%
4.39% cibc-mortgage logo
4-years fixed rate 4.29% 4.04% 4.04% 4.44%
4.29% cibc-mortgage logo
5-years fixed rate 3.84% 3.84% 3.99% 3.84%
3.99% cibc-mortgage logo
7-years fixed rate 5.19% 5.00% 5.00% 5.19%
5.00% royalbankofcanada logo
10-years fixed rate 5.29% 5.24% 5.24% 5.29%
6.09% National_Bank_of_Canada_logo logo
3-years variable rate 4.15% 4.30% 4.30% 4.40%
6.35% Scotiabank-Logo logo
5-years variable rate 4.00% 4.05% 4.25% 4.05%
4.25% royalbankofcanada logo
HELOC rate N/A N/A N/A N/A
N/A
Stress Test 5.25% 5.25% 5.25% 5.25%
N/A

Today's Best Mortgage Rates in Canada

Evaluate Canada’s best mortgage rates in one place. You can compare the most current mortgage rates and monthly payments from 175+ banks and lenders across Canada.

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Rates are based on an average mortgage of $500,000 and subject to change based on filter criteria.

Lender tooltip icon Insured tooltip icon Insurable tooltip icon Uninsured tooltip icon
Frank Mortgage
Frank Mortgage
3.79% grey tooltip icon
$2,573.49 / month
3.99% grey tooltip icon
$2,627.39 / month
3.89% grey tooltip icon
$2,600.37 / month
Compass Mortgage Group oa My Mortgage Power
Compass Mortgage Group oa My Mortgage Power
3.89% grey tooltip icon
$2,600.37 / month
3.99% grey tooltip icon
$2,627.39 / month
3.89% grey tooltip icon
$2,600.37 / month
MMG Mortgages
MMG Mortgages
3.94% grey tooltip icon
$2,613.86 / month
4.14% grey tooltip icon
$2,668.19 / month
3.94% grey tooltip icon
$2,613.86 / month
Northwood Mortgage Ltd.
Northwood Mortgage Ltd.
4.19% grey tooltip icon
$2,681.85 / month
4.49% grey tooltip icon
$2,764.59 / month
4.19% grey tooltip icon
$2,681.85 / month
BMO
BMO
4.25% grey tooltip icon
$2,698.30 / month
4.47% grey tooltip icon
$2,759.03 / month
4.47% grey tooltip icon
$2,759.03 / month
Innovation Federal Credit Union
Innovation Federal Credit Union
4.49% grey tooltip icon
$2,764.59 / month
4.49% grey tooltip icon
$2,764.59 / month
4.49% grey tooltip icon
$2,764.59 / month
Gibson Mortgages
Gibson Mortgages
4.99% grey tooltip icon
$2,905.18 / month
4.44% grey tooltip icon
$2,750.71 / month
4.29% grey tooltip icon
$2,709.29 / month
True North Mortgage
True North Mortgage
2.99% grey tooltip icon
$2,363.66 / month
2.99% grey tooltip icon
$2,363.66 / month
2.99% grey tooltip icon
$2,363.66 / month
Hypotheca
Hypotheca
3.74% grey tooltip icon
$2,560.11 / month
3.74% grey tooltip icon
$2,560.11 / month
3.74% grey tooltip icon
$2,560.11 / month
DUCA Financial
DUCA Financial
3.79% grey tooltip icon
$2,573.49 / month
3.79% grey tooltip icon
$2,573.49 / month
3.79% grey tooltip icon
$2,573.49 / month
Monster Mortgage
Monster Mortgage
3.79% grey tooltip icon
$2,573.49 / month
3.79% grey tooltip icon
$2,573.49 / month
3.79% grey tooltip icon
$2,573.49 / month
Nesto
Nesto
3.84% grey tooltip icon
$2,586.91 / month
3.84% grey tooltip icon
$2,586.91 / month
3.84% grey tooltip icon
$2,586.91 / month
The Mortgage Advisors
The Mortgage Advisors
3.87% grey tooltip icon
$2,594.98 / month
3.87% grey tooltip icon
$2,594.98 / month
3.87% grey tooltip icon
$2,594.98 / month
Interior Savings
Interior Savings
3.89% grey tooltip icon
$2,600.37 / month
3.89% grey tooltip icon
$2,600.37 / month
3.89% grey tooltip icon
$2,600.37 / month
City Wide Financial Corp
City Wide Financial Corp
3.89% grey tooltip icon
$2,600.37 / month
3.89% grey tooltip icon
$2,600.37 / month
3.89% grey tooltip icon
$2,600.37 / month
Prospera Credit Union
Prospera Credit Union
3.94% grey tooltip icon
$2,613.86 / month
3.94% grey tooltip icon
$2,613.86 / month
3.94% grey tooltip icon
$2,613.86 / month
Mortgage Brokers City Inc
Mortgage Brokers City Inc
3.94% grey tooltip icon
$2,613.86 / month
3.94% grey tooltip icon
$2,613.86 / month
3.94% grey tooltip icon
$2,613.86 / month
Profile picture of Joel Kranc
Written By Joel Kranc

Freelance writer

Updated April 29, 2025

Regina mortgage rates competition

Therefore, current Regina mortgage rates are competitive given the amount of product on the market and the fact that lenders are looking to attract buyers that are still considering a purchase.  All the major lenders such as the big banks, as well as others such as motusbank, Investors Group, Canadian Western, and Canada Life are all players in the market. Regina mortgage brokers are also influential on pricing and can drive rate competition given their prevalence in the market through comparison websites.

The national average value of new mortgages in the second quarter of 2022 was $374,635. In Regina, that number is below the national at $266,612. Lenders in that region are taking on less risk while buyers are taking on less debt than elsewhere in the country. As would be expected, scheduled monthly payments follow a similar pattern where the national average stands at $1,758 per month and $1,379 per month in Regina.

Both the mortgage loan value and payments are trending down in Q2 as economic factors such as inflation and the subsequent rise in interest rates have affected buyers' appetites for homes. This continues as the Bank of Canada has indicated more rate hikes.

Sources:

https://www.cmhc-schl.gc.ca/en/professionals/housing-markets-data-and-research/housing-data/data-tables/mortgage-and-debt/average-value-new-mortgage-loans-canada-provinces-cmas

https://www.cmhc-schl.gc.ca/en/professionals/housing-markets-data-and-research/housing-data/data-tables/mortgage-and-debt/average-scheduled-monthly-payments-new-mortgage-loans

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Regina’s housing market

Ever since inflation started creeping up and the Bank of Canada began raising interest rates, home prices in many regions across Canada began to fall. Prices in the Regina area, which are below the national average, actually rose in July to an average $330,600 according to the Saskatchewan Realtors Association.  Also, according to the Association, there are more than 450 listings available.

That’s up from May 2020, where an average house in Regina would cost $287,800. According to the Saskatchewan Realtors Association – an increase of about four percent over the past two years. Home prices are still up about five percent year-over-year as interest rates and costs have risen.

For first-time homebuyers there are incentives to get into this competitive market. The First-Time Homebuyers' Tax Credit provides a provincial non-refundable income tax credit to eligible first-time homebuyers.

  • Eligible homebuyers are able to claim the personal income tax credit.
  • This income tax measure provides a provincial non-refundable income tax credit of $1,050 to eligible taxpayers, determined by applying the provincial tax credit rate of 10.5% to the first $10,000 of an eligible home purchase. A similar federal non-refundable income tax credit of $750, determined by applying the federal tax credit rate of 15% to the first $5,000 of an eligible home purchase, is also available.

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Top seven tips for first time homebuyers in Regina, Saskatchewan

Whether you are a first-time homebuyer or you’ve done this before there are tried and true tips for your journey. They include:

  1. Checking your credit and, if needed, working on it to make it as high as possible. The higher your credit score (being a good risk), the better your Regina mortgage rate will be.
  2. Once you’ve got your credit in order, know your budget and how much house you can afford. Mortgage, insurance and property taxes are primary monthly expenses to consider.
  3. Consider your needs and wants. You’ll need time to find the right neighborhoods you want and if the houses you are looking at will meet your familial needs.
  4. Compare. Websites like RATESDOTCA will help you assess the various lenders and who offers the best Regina mortgage rates for your needs.
  5. Get a pre-approved mortgage rate. Once you settle on a lender, a pre-approval will put you in a stronger position when you’re making an offer on a house and make the process easier once your offer is accepted.
  6. Work with an agent. There’s more to buying a house than just the current Regina mortgage rates. An agent who knows the area, and your needs, can advise you on market conditions and potential issues with a home or neighborhood.
  7. Eligible first-time homebuyers can claim a non-refundable tax credit of up to $1,050 on their income tax return.

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Frequently asked questions about mortgages in Regina, Saskatchewan

Find answers about questions you may have about mortgages in Regina, Saskatchewan.

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How much can I save by comparing the current Regina mortgage rates?

The best way to save when comparing current Regina mortgage rates is to do your homework. Using sites like RATESDOTCA will provide up-to-date mortgage rates and provide lender comparisons. It saves a lot of research and hassle and arms you with the information you need to make an informed decision.

Why should I compare Regina mortgage rates with RATESDOTCA?

Comparing current Regina mortgage rates on RATESDOTCA is a one-stop-shop that provides comparisons of lenders in your area and the mortgage rates they offer. Just a few clicks and you’ll have mortgage rates from top providers. RATESDOTCA can also easily connect you with the vendor of your choice.

Are Regina mortgage rates higher than other Saskatchewan cities?

Given that Saskatchewan is a smaller province, mortgage rates are generally higher than in other higher-demand provinces. However, Regina mortgage rates are relatively similar to areas such as Saskatoon.

What’s the difference between variable and fixed rate mortgages?

Variable rate mortgages fluctuate with the makret interest rate (prime rate). Over time they can be less expensive but due to their fluctuating nature can be difficult for home buyers who need to budget their finances.

Fixed mortgage rates set a duration of time and the interest rate (and payment) for the mortgage. The most common fixed rate is the 5-year mortgage rate which provides peace of mind regarding monthly payments, and alleviating budget anxiety.

Joel Kranc

Joel Kranc, Freelance writer

Joel Kranc is a freelance writer and content provider who has worked with RATESDOTCA since 2019. He holds an MA in political science from the University of Toronto and a film certificate from New York University.

 

He has been published in and worked for such companies as CNN, Rogers Media, Institutional Investor Magazine, The Globe and Mail, Infrastructure Investor, BenefitsPRO Magazine, Global Finance Magazine, With Intelligence, the CPP Investment Board, Hospitals of Ontario Pension Plan, and many more financial services and industry publications.

 

He is the author of "Retirement Planning in 8 Easy Steps," which, when released in 2015, was No. 11 on the Publisher's Weekly US Bestseller List for Business and Finance, beating out Mark Cuban's "How to Win at the Sport of Business."

 

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