Current Mortgage Rates in Alberta
Alberta mortgage rates you can get from a broker
Big Six mortgage rates available in Alberta
3-Year Fixed | 4.67% | 4.76% | 4.59% | 4.78% | 5.95% | 4.674% |
3-Year Variable | 7.78% (open) | 4.07% | -- | -- | 5.95% | -- |
5-Year Fixed | 4.76% (insured) 4.86% (uninsured) | 4.66% (insured) 4.94% (uninsured) | 4.43% (insured) 4.68% (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% | 4.211% |
Rates in bold are discounted, annual percentage rates (APR), which include additional fees.
Alberta mortgage rate update: June 2026
June is shaping up to be a tough month for mortgage shoppers in Alberta.
Toward the end of May and in the first few days of June, several lenders increased their fixed mortgage rates. This was a reaction to elevated government bond yields, which have been on a wild ride since the Iran war kicked off.
You’ll be hard pressed to find a fixed mortgage rate for under 4% anywhere in Canada. And if you plan to get a mortgage at a Big Six bank, expect to pay much more. Fixed rates won’t improve until hostilities in the Middle East come to an end and bond yields sink to their pre-war levels.
Variable rates should be more stable.
The Bank of Canada is expected to hold its overnight rate at 2.25% on June 10. Since the overnight rate directly influences variable mortgage rates, a rate hold from the Bank will keep variables at their current levels — generally 3.4% or higher.
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 if inflation's about to spike.
Fixed rates
As of June 2026, fixed mortgage rates have already risen considerably due 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.
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.
How to get a lower mortgage rate in Alberta
While some factors that affect rates are beyond your control, there are things you can do to encourage Alberta’s lenders and brokers 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.
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 4% at mortgage brokers but over 4.4% at major banks.
What’s a good mortgage rate in Alberta right now?
As of June 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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Mortgage lenders 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 |
Buying a home in Alberta
Provincial 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.
Paying land transfer taxes
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 housing market update
In April 2026, Alberta was one of Canada’s bright spots for home sales. Sales were up a healthy 3.6% compared to March but 8.4% lower year-over-year. Year-to-date, sales in the province were 11.5% lower than in the first four months of 2025.
Even though new listings dipped last month, housing supply continued to pile up. Active inventory at the end of April sat at almost 19,000, 3% higher than a year ago.
The overall average sale price of homes in the province, $540,492, was up 3% year-over-year, though the gains were supplied by detached and semi-detached homes. Row houses and condos each saw their average prices decrease.
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Clay Jarvis
Clay Jarvis