Current Mortgage Rates in Alberta
Alberta mortgage rates you can get from a broker
Bank mortgage rates available in Alberta
3-Year Fixed | 4.67% | 4.76% | 4.74% | 4.78% | 5.95% | 4.725% |
3-Year Variable | 7.78% (open) | 4.07% | -- | -- | 5.95% | -- |
5-Year Fixed | 4.76% (insured) 4.86% (uninsured) | 4.61% (insured) 4.94% (uninsured) | 4.73% (insured) 4.88% (uninsured) | 4.62% (insured) 4.92% (uninsured) | 6.09% | 4.861% (insured) 4.861% (uninsured) |
5-Year Variable | 4.12% | 4.12% | 4.14% | 3.68% (insured) 3.98% (uninsured) | 4.90% | 4.261% |
Rates in bold are discounted, annual percentage rates (APR), which include additional fees.
Alberta mortgage rate update: July 2026
There’s a possibility that July will be a better month for mortgage shoppers in Alberta than June was.
Fixed mortgage rates edged down — slightly, and only at a few national mortgage brokerages — toward the end of June, giving some borrowers access to fixed rates below 3.9% as July began.
Normally, fixed rates follow movement in the bond market. (When yields rise or fall, fixed rates eventually follow suit.) But yields have been in the same general range since around June 11, so the decreases may have been anticipatory — an end to the Iran war seemed within reach a couple of weeks ago — or a means of attracting business during what’s been a slow year for real estate in much of Canada.
If the war comes to a peaceful conclusion and the threat to global oil supplies finally subsides, it should trigger a decrease in bond yields and fixed rates. While that seems like the most logical and least damaging way forward, it’s in no way guaranteed to happen in the next three weeks.
Variable mortgage rates in Alberta are far more predictable.
After the Bank of Canada held its overnight rate at 2.25% on June 10, 2026, variable rates will hover around their current levels until at least July 15, when the Bank is scheduled to make its next rate announcement.
With the Canadian economy showing signs of life — monthly GDP growth was 0.5% in April — the Bank is unlikely to rock the boat with a rate hike or cut this month. Variable rates starting around 3.4% should be available for most of the summer.
Alberta housing market update
Alberta’s housing market managed to eke out a modest month-over-month gain, even as sales cooled compared to last year's historic highs. Residential sales in May 2026 were 1.3% higher than in April, though they were still 12.0% lower year-over-year. Year-to-date, sales in the province were 11.7% behind the first five months of 2025.
According to the Canadian Real Estate Association, prices in most regions were generally flat from April to May. The benchmark price in Edmonton, $416,800, dipped by 0.1%, while the benchmark price in Calgary remained unchanged at $565,100.
State of the market: Exhausted. Alberta had a great run from 2024-25, but the higher home prices that resulted are running smack-dab into cost of living concerns for many home buyers.
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.
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.
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 |
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 July 2026, fixed mortgage rates are considerably higher than they were a few months ago thanks to rapid increases in government bond yields. (Lenders use bond yields to price their fixed rates.) Yields skyrocketed after the war in Iran caused oil prices to spike, raising fears of inflation and future Bank of Canada rate increases.
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.
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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 July 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