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Yukon Mortgage Rates

Oct 6, 2025
Compare customized mortgage rates from the Yukon's top lenders to find the best mortgage rate for your needs.
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Currently showing: fixed & variable rate mortgages in Yukon for 1, 2, 3, 4, 5 year terms
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Yukon mortgage rate update: October 2025

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Written by Clay Jarvis
Lead Writer & Spokesperson
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Written by Clay Jarvis
Lead Writer & Spokesperson

October should be a month of stability for mortgage rates in the Yukon.

Variable mortgage rates will stay at their current levels until at least October 29, when the Bank of Canada is scheduled to announce its next overnight rate decision. A rate cut from the Bank will result in a similar decrease in variable rates. (After the Bank reduced the overnight rate from 2.75% to 2.5% on September 17, variable rates dipped by as much as 30 basis points at some lenders.)

Expect variable rates to hover around 4% for most of October, though some brokerages and direct lenders are offering variables for considerably less.

Fixed mortgage rates might also be static this month. Government bond yields, which fixed mortgage rates tend to follow, have somewhat flattened out after falling for much of September. If yields avoid any dramatic shifts, fixed rates will, too.

Fixed rates may not dip this month, but they’re still fairly approachable. Brokers are offering three- and five-year fixed rates for around 3.9%, but they’re still well over 4% at Canada’s biggest banks.

2025 Yukon mortgage rate forecast

If the Bank of Canada lowers its overnight rate before the end of 2025, variable mortgage rates will also decrease. Fixed mortgage rates will likely continue hovering between 3.75% and 4.25% for much of the year.

Read more about the Bank of Canada's latest rate announcement.

The BoC makes policy interest rate announcements eight times a year. Find out how its latest decision might impact Canada's housing market.

Yukon housing market update

The Yukon Bureau of Statistics releases quarterly reports on real estate trends. The most recent report, released in September 2025, covered April through June 2025. During those months, the average sale price of a single-detached house in Whitehorse jumped 2.7% since the year before to $698,900. The average condo sale price was $501,500, an increase of 13.4%.

Yukon home buyer resources

Yukon first-time home buyer programs

Yukon residents who are unable to get traditional financing can apply for the Yukon Home Ownership Loan Program when buying or building a primary home. You must have a down payment of at least 2.5%.

If approved, the program finances the loan, which you’ll repay at an interest rate equal to one percentage point below the prevailing average 5-year mortgage rate. Anyone — not just first-time buyers — may apply.

Yukon land transfer taxes

$4,475.00Estimated land transfer tax

You'll pay a flat fee, which is based on your home's value, and an additional fee based on the change in value since your home was sold. The flat fee is:

  • $50 for a home value of less than $100,000.
  • $150 for home values between $100,000 and $500,000.
  • $350 for home values between $500,000 and $3 million.
  • $550 for home values between $3 million and $10 million.
  • $750 for home values above $10 million.

Mortgage calculators to help you take the next step

Frequently asked questions


The mortgage rate you’re offered will be based on two primary factors; one based on the state of the economy and one based on your financial situation.

Economic factors

Variable mortgage rates are influenced by the Bank of Canada’s overnight rate. When the overnight rate increases or decreases, a lender’s prime rate follows suit. Variable mortgage rates are based on a lender’s prime rate, so as the prime rate rises or falls, so do variable rates.

Fixed mortgage rates are determined by activity in the government bond market, particularly the yields on one-, three- and five-year bonds. Fixed mortgage rates follow the movement of those yields.

Your financial situation

Factors specific to you also affect the rates you’re offered. These include:

  • Your credit score.

  • Your income.

  • Your total debts.

  • The loan type you choose.

  • The amount you’re borrowing.

  • The term length and amortization period of your loan.

Lenders look for signs of risk when assessing these aspects of your finances. The riskier they perceive you to be as a borrower, the higher the rate they’re likely to offer you.

If the Bank of Canada lowers its overnight rate before the end of 2025, variable mortgage rates will also decrease. Fixed mortgage rates will likely continue hovering between 3.75% and 4.25% for much of the year.

While some factors that affect rates are beyond your control, there are things you can do to encourage lenders to offer you the best mortgage rates. For example, you can:

  • Improve your credit score. To start, pay down any outstanding debt and pay off every bill in full.

  • Increase your income. This isn’t always easy, but any additional income will improve your financial position.

  • Decrease your total debts. Lenders consider your total debt load when determining the details of your loan.

  • Consider all your options. See if adjusting the loan type, the term length or the amortization period of your loan could help.

As of October 2025, a fixed or variable mortgage rate south of 4% would be considered a good deal in the Yukon.

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