Current Mortgage Rates in Alberta
Alberta mortgage rates you can get from a broker
 Lender highlights Strong mortgage features.Very good monthly pre-payment.Skip payment not available.Very good annual pre-payment. Best rate from Marathon Mortgage 3.50%5 yearvariable $3,880monthly payment Other rates from Marathon Mortgage4.34% 5 year fixed $4,238 per month 4.54% 3 year fixed $4,325 per month 5.19% 4 year fixed $4,617 per month 5.64% 2 year fixed $4,824 per month |
 Lender highlights Strong mortgage features.Very good monthly pre-payment.Skip payment not available.Very good annual pre-payment. Best rate from Pine Financial 3.60%5 yearvariable $3,922monthly payment Other rates from Pine Financial4.29% 3 year fixed $4,216 per month 4.29% 4 year fixed $4,216 per month 4.34% 5 year fixed $4,238 per month |
 Lender highlights Strong mortgage features.Very good monthly pre-payment.Skip payment not available.Very good annual pre-payment. Best rate from Radius Financial 3.60%5 yearvariable $3,922monthly payment Other rates from Radius Financial4.39% 5 year fixed $4,259 per month 4.44% 3 year fixed $4,281 per month 4.69% 2 year fixed $4,392 per month 4.69% 4 year fixed $4,392 per month 4.89% 1 year fixed $4,481 per month |
 Lender highlights Some mortgage features.Good monthly pre-payment.Skip a payment.Good annual pre-payment. Best rate from Manulife Financial 3.65%5 yearvariable $3,942monthly payment Other rates from Manulife Financial4.29% 3 year fixed $4,216 per month 4.34% 5 year fixed $4,238 per month |
 Lender highlights Strong mortgage features.Very good monthly pre-payment.Skip payment not available.Very good annual pre-payment. Best rate from Neo Financial 3.65%5 yearvariable $3,942monthly payment Other rates from Neo Financial4.49% 5 year fixed $4,303 per month 4.64% 3 year fixed $4,370 per month 4.94% 4 year fixed $4,504 per month 5.84% 2 year fixed $4,918 per month 5.94% 1 year fixed $4,965 per month |
Bank mortgage rates available in Alberta
3-Year Fixed | 3-Year Variable | 5-Year Fixed | 5-Year Variable | |
|---|---|---|---|---|
4.67% | 7.78% (open) | 4.76% (insured) 4.86% (uninsured) | 4.12% | |
4.76% | 4.07% | 4.61% (insured) 4.96% (uninsured) | 4.12% | |
4.69% | -- | 4.73% (insured) 4.88% (uninsured) | 4.14% | |
4.53% | -- | 4.62% (insured) 4.92% (uninsured) | 3.68% (insured) 3.98% (uninsured) | |
5.95% | 5.95% | 6.09% | 4.90% | |
4.67% | -- | 4.861% (insured) 4.861% (uninsured) | 4.26% |
Rates in bold are discounted, annual percentage rates (APR), which include additional fees.
Alberta mortgage rate update: September 2026
After the Bank of Canada held its overnight rate at 2.25% on September 2, 2026, we know that variable mortgage rates in Alberta will hover around their current levels until at least the end of October.
The mystery is where fixed rates will go. Unfortunately, the most likely direction is up.
That’s because bond yields, which lenders use to price their fixed mortgage rates, started the month higher than they’ve been in over two years. The global bond sell-off you may have heard about created lower bond prices, which triggered higher yields. Worries around oil prices, inflation and weakening economic growth are forcing yields higher, too.
That could mean higher fixed rates for borrowers in Alberta. If you have your sights set on a fixed-rate mortgage, consider getting pre-approved before rates start rising.
2026 mortgage rate forecast
Variable rates
Variable mortgage rates weren't forecasted to move in 2026, but the war in Iran has changed the game.
By driving up oil prices and inflation expectations, the Bank of Canada has warned that higher rates may be needed to keep inflation near its 2% target.
If the Bank increases its overnight rate, variable mortgage rates will follow suit. That could happen as early as this summer.
If the Canadian economy falters, the Bank may be compelled to deliver a rate cut at some point. But it's hard to picture a rate cut coming just as inflation's about to spike.
Fixed rates
As of September 2026, fixed mortgage rates are higher than they were a few months ago thanks to rapid increases in government bond yields, which lenders use to price their fixed rates. Yields skyrocketed after the war in Iran caused oil prices to spike, and they rose higher in September after the Bank of Canada called out rising inflation and reduced economic growth as threats facing the Canadian economy.
Predicting where fixed rates head in the coming months depends heavily on the war in Iran. If it wraps up without further damage to oil and food supplies, bond yields should recede and take fixed mortgage rates with them. If the war escalates and worsens the global financial outlook, yields and fixed rates could increase even further.
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.
Where to get a mortgage in Alberta
There are many places to get a mortgage in Alberta. In addition to Canada’s biggest banks, you can also find mortgages at:
Credit unions.
Monoline lenders, which only provide mortgages.
Alternative lenders, which often service borrowers with lower credit scores.
Private lenders, which can range from individuals to large nationwide companies.
Here are some examples of different mortgage providers in Alberta. You can find reviews of several of them in our mortgage review hub.
Banks | Credit Unions |
|---|---|
ATB Financial | Servus Credit Union |
Canadian Western Bank | ConnectFirst Credit Union |
Royal Bank of Canada | Vision Credit Union |
Scotiabank | Bow Valley Credit Union |
TD Canada Trust | Rocky Credit Union |
Brokerages | Direct Lenders |
True North Mortgage | First National Financial |
Mortgage Architects | nesto |
Dominion Lending Centres | MCAP |
CanQuest Mortgage | Home Trust Corporation |
Centum | Canadiana Financial |
Alberta housing market update
Alberta's residential housing market remained cool in July 2026, as home sales continued to pull back. Residential sales fell 1.4% from June and were down 9.6% compared to a year earlier. Year-to-date, home sales in the province remain 9.9% behind the first seven months of 2025.
Home values were largely flat in Alberta's largest cities. Calgary's benchmark price slipped 0.2% month-over-month to $565,300 (-0.9% year-over-year), while Edmonton's benchmark edged up 0.7% monthly to $417,400 (+0.4% year-over-year).
State of the market: Stuck in the mud overall, though smaller cities are seeing inventory tighten up. Alberta is inching further away from sellers' market territory.
Alberta first-time home buyer programs
Some first-time home buyers in Alberta can take advantage of assistance programs offered by both regional and government programs.
For example, Attainable Homes Calgary (AHC) helps people with a household income of up to $131,424 fund a down payment. If you sell your home later, you repay AHC the loaned amount plus a portion of any equity appreciation.
Land transfer taxes in Alberta
Alberta charges two fees: one to process the transfer of the property title and another to register your mortgage.
- You'll pay $50 plus an additional $2 per $5,000 of the property's purchase price for the title transfer.
- For the mortgage registration, you'll pay $50 plus $1.50 for each $5,000 of your mortgage amount.
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Connect with Homewise to get a renewal rate quote that's personalized to you.Frequently asked questions
What's today's mortgage rate in Alberta?
There’s no single mortgage rate in Alberta. Rates differ based on the lender, rate type and term length. For example, fixed rates in Alberta are currently around 3.9% at mortgage brokers but over 4.4% at major banks.
What’s a good mortgage rate in Alberta right now?
As of September 2026, the lowest variable mortgage rates in Alberta are around 3.4%. The lowest fixed rates are closer to 4%.
Are mortgage rates in Alberta different than in B.C. or Ontario?
Currently, no. National lenders and mortgage brokers tend to offer similar rates to home buyers in these provinces, especially in large urban centres.
How can I get a lower mortgage rate in Alberta?
Getting a lower mortgage rate generally means presenting yourself as a low-risk borrower to Alberta’s lenders and brokers. You can do this by making a larger down payment, lowering your debt service ratios and paying off other debts.
What’s the minimum down payment for a house in Alberta?
Minimum down payment rules are the same in every province. To get a mortgage in Alberta, you’ll have to put at least 5% down on a home worth up to $500,000. If the home is worth between $500,000 and $1.5 million, you’ll need to put down 5% of the first $500,000 and 10% of the remaining amount. For homes worth more than $1.5 million, a 20% down payment is required.
How are mortgage rates determined in Alberta?
Mortgage rates are influenced by economic factors, like the Bank of Canada’s overnight rate (variable rates) and government bond yields (fixed rates). The rate you’re ultimately offered will depend on your savings, income, debt and credit score.
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Clay Jarvis
Clay Jarvis