The monthly mortgage on an average Vancouver home (about $1,250,000) is roughly $5,558 at a ~4.5% rate with 20% down over 25 years.
The monthly mortgage payment on an average Vancouver home ($1,250,000) is about $5,558 at a ~4.5% rate, 20% down, 25-year amortization. At 5.5% it rises to about $6,141. Payments move with the Bank of Canada rate. Illustrative, not a quote.
Same Vancouver home, 20% down, 25-year amortization — only the rate changes:
| Rate | Monthly payment |
|---|---|
| 4.0% | $5,278 |
| 4.5% | $5,558 |
| 5.0% | $5,846 |
| 5.5% | $6,141 |
| 6.0% | $6,443 |
Variable-rate mortgages follow the prime rate, which tracks the Bank of Canada. Fixed rates follow bond yields. Watch the live rate and the next decision. Canada's most expensive market, defined by chronic detached-home scarcity and global demand pressing on a narrow land base.
About $5,558 at ~4.5% with 20% down over 25 years (illustrative).
A bigger down payment, a longer amortization, or a lower rate all reduce the monthly payment. See how to lower your payment.