Compare current fixed and variable mortgage rates, monthly payment estimates, and first-time buyer programs for Maple Ridge homebuyers.
Based on $$820,000 average home price at current British Columbia rates.
| Down % | Down Amount | CMHC Fee | Mortgage | Monthly Fixed | Monthly Variable |
|---|---|---|---|---|---|
| 5% | $41,000 | $31,160 | $810,160 | $4,708/mo | $4,013/mo |
| 10% | $82,000 | $22,878 | $760,878 | $4,421/mo | $3,768/mo |
| 15% | $123,000 | $19,516 | $716,516 | $4,164/mo | $3,549/mo |
| 20%NO CMHC | $164,000 | $0 ✅ | $656,000 | $3,812/mo | $3,249/mo |
The average home price in Maple Ridge is approximately $820,000 as of 2026, representing a +2.6% change year-over-year.
Current 5-year fixed rates in Maple Ridge start around 4.94%, while variable rates start around 3.40%. Credit unions in British Columbia often offer rates 0.25–0.50% below major banks.
To afford a $820,000 home in Maple Ridge with 10% down at 4.94%, you would need approximately $131,969/year gross income to meet the GDS ratio of 39%.
For a $820,000 home, the minimum down payment is 5% on first $500K + 10% on remainder. With 5% down, CMHC insurance of $31,160 is added to your mortgage.
With the Bank of Canada holding at 2.25%, variable rates (3.40%) are currently lower than 5-year fixed (4.94%). Variable saves money if rates stay flat or drop, but fixed gives payment certainty. Consult a mortgage broker for your specific situation.