Home Purchase
- First-time buyers (5% down)
- 24-hour pre-approval
- Rates from 5.19% APR
- All Burnaby neighborhoods
Current Mortgage Rates in Burnaby, BC
Competitive mortgage rates updated daily for Burnaby homebuyers. All rates shown are for qualified applicants with good credit and are subject to approval.
Mortgage Rate Summary - Burnaby Home Loans
| Mortgage Type | Interest Rate | Term | Best For |
|---|---|---|---|
| 5-Year Fixed (Most Popular) | 5.19% | 5 Years | Stable payments, rate protection |
| Variable Rate | 5.95% | Variable | Flexible payments, potential rate decreases |
| 3-Year Fixed | 5.39% | 3 Years | Short-term stability, renewal flexibility |
5-Year Fixed Mortgage
Most Popular Choice
5.19%
APR
- Predictable monthly payments
- Protection against rate increases
- Budget certainty for 5 years
- Most popular choice for Burnaby buyers
Variable Rate Mortgage
5.95%
APR
- Flexible payment options
- Rate may decrease with market
- Early payment privileges
- Good for rate-decline expectations
3-Year Fixed Mortgage
5.39%
APR
- Short-term rate stability
- Lower commitment period
- Renewal flexibility in 3 years
- Good for uncertain rate environment
Rate Disclaimer: Rates shown are for qualified applicants with excellent credit (700+ credit score) and are subject to change without notice. Actual rates may vary based on credit score, down payment amount, property type, and other factors. Contact Burnaby Home Loans for personalized rate quotes and current promotions.
Burnaby Mortgage Payment Calculator
Calculate your monthly mortgage payments for homes in Burnaby, BC. Get instant estimates based on current rates and see what you can afford in different Burnaby neighborhoods.
Estimated Monthly Payment
$3,970
Expert Burnaby Mortgage Brokers
15+ years serving Burnaby with competitive rates from 30+ lenders. Local expertise in Metrotown, Brentwood, Deer Lake, and all Burnaby neighborhoods.
Fast Approvals & Best Rates
Same-day pre-qualification, 24-hour pre-approval. Wholesale lender relationships mean lower rates and faster closings for Burnaby buyers.
Mortgage Services in Burnaby
Complete mortgage solutions for all Burnaby neighborhoods
Refinancing
- Lower your rate
- Cash-out up to 80% LTV
- Debt consolidation
- Renovation financing
Renewals
- Rate comparison
- Lender switching
- 120-day rate hold
- Term optimization
Investment Properties
- Rental properties
- Portfolio financing
- Commercial mortgages
- BRRRR strategy
Why Choose Burnaby Home Loans
15+ years serving Burnaby with personalized mortgage solutions.
Local Expertise
Deep knowledge of all Burnaby neighborhoods and market conditions.
50+ Lenders
Banks, credit unions, and private lenders for best rates.
Full Support
From application to closing with clear communication.
Licensed & Insured
BCFSA Licensed | MBABC Member | Insured & Bonded
Get Pre-Approved Today
Start your home buying journey with a quick pre-approval. Get an answer in 24 hours or less.
What You Get
- Pre-approval letter in 24 hours
- Rate hold for 120 days
- No obligation consultation
- Personalized mortgage strategy
- Access to exclusive rates
500+
Happy Clients
4.9/5
Client Rating
What Our Burnaby Clients Say
"Jennifer at Burnaby Home Loans made our first home purchase in Metrotown so smooth. She found us a rate that was 0.3% lower than our bank offered. Professional service from start to finish."
"Refinancing our Deer Lake home was quick and easy. Michael saved us over $400/month with a better rate and payment schedule. Highly recommend their services."
"Sarah helped us with our investment property in Brentwood. Her knowledge of Burnaby market conditions and investor programs was invaluable. Great experience!"
Frequently Asked Questions
Quick answers about Burnaby mortgages
Rates & Approval
Current rates in Burnaby?
5-year fixed: 5.19% APR | Variable: 5.95% APR | 3-year fixed: 5.39% APR
How fast is approval?
Pre-qualification: Same day | Pre-approval: 1-2 days | Final approval: 5-10 days
Down Payments
Minimum down payment?
5% (under $500K) | 5% + 10% (over $500K) | 20% (over $1M)
RRSP for down payment?
Yes - Home Buyers' Plan: $35K individual, $70K couples
Burnaby Neighborhoods
Best areas for first-time buyers?
Burnaby Heights: Affordable condos $550K-$650K | Deer Lake: Family-friendly, good schools
Investment hotspots?
Metrotown: High rental demand | Brentwood: SkyTrain access | SFU area: Student rentals
Get In Touch
Get your free consultation today
Phone
(604) 555-LOAN
Mon-Fri 9AM-6PM, Sat 10AM-4PMinfo@burnabyhomeloans.com
Response within 2 hoursOffice
Serving all of Burnaby, BC
In-person and virtual meetings