Current Alberta Mortgage Rates
Alberta mortgage rates you can get from a broker
 Lender highlights Some mortgage features.Good monthly pre-payment.Skip a payment.Good annual pre-payment. Best rate from Manulife Financial 3.50%5 yearvariable $3,880monthly payment Other rates from Manulife Financial4.29% 3 year fixed $4,216 per month 4.39% 5 year fixed $4,259 per month |
 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 Mortgage4.69% 5 year fixed $4,392 per month 4.79% 3 year fixed $4,436 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 Financial4.54% 4 year fixed $4,325 per month 4.59% 3 year fixed $4,347 per month 4.59% 5 year fixed $4,347 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 Financial4.79% 3 year fixed $4,436 per month 4.79% 5 year fixed $4,436 per month 4.89% 4 year fixed $4,481 per month 5.09% 2 year fixed $4,571 per month 5.19% 1 year fixed $4,617 per month |
 Lender highlights Strong mortgage features.Very good monthly pre-payment.Skip a payment.Very good annual pre-payment. Best rate from RMG 3.60%5 yearvariable $3,922monthly payment Other rates from RMG3.75% 5 year variable $3,985 per month 4.59% 3 year fixed $4,347 per month 4.69% 4 year fixed $4,392 per month 4.69% 5 year fixed $4,392 per month 4.69% 5 year fixed $4,392 per month |
Bank mortgage rates available in Alberta
3-Year Fixed | 3-Year Variable | 5-Year Fixed | 5-Year Variable | |
|---|---|---|---|---|
4.77% | 7.78% (open) | 4.96% (insured) 4.86% (uninsured) | 4.12% | |
4.76% | 4.07% | 4.81% (insured) 5.16% (uninsured) | 4.12% | |
4.99% | -- | 4.73% (insured) 5.08% (uninsured) | 4.14% | |
4.83% | -- | 4.77% (insured) 5.04% (uninsured) | 3.68% (insured) 3.98% (uninsured) | |
6.05% | 5.95% | 6.19% | 4.90% | |
5.174% | -- | 5.361% (insured) 5.361% (uninsured) | 4.261% |
Rates in bold are discounted, annual percentage rates (APR), which include additional fees.
Alberta mortgage rate update: October 2026
October could be a miserable month for mortgages in Alberta
Fixed rates spent the last two weeks of September rising in response to spiking government bond yields. While home buyers may have been able to find a fixed rate for around 3.9% last month, they’ll be lucky to find one for under 4.2% in October.
Expect those higher fixed rates to throw a bucket of cold water on the Alberta housing market this fall.
Variable rates will continue providing an affordable alternative, but the gap between fixed and variable rates may shrink as soon as October 28, when the Bank of Canada will hand down its next overnight rate decision.
Analysts are split on whether the Bank might finally raise the overnight rate after more than a year. If it does, variable rates will increase by the same amount as the Bank’s rate hike.
NerdWallet’s take is that the Bank will continue holding, as a rate increase could weaken economic growth. But the prospect of future rate hikes might be too much risk for some home buyers.
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 October 2026, fixed mortgage rates are higher than they've been in almost a year 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 housing market limped into September. Residential sales in August 2026 slipped 0.7% from July and were down 11.5% year-over-year. Year-to-date, home sales remain 10.2% behind the first eight months of 2025.
Home prices were stable. Calgary's benchmark price rose 0.3% monthly to $567,700 but slipped 0.3% year-over-year. Edmonton's benchmark price, $418,400, was also up 0.3% month-over-month but was down 0.4% versus August 2025.
State of the market: Cooling but not cold. Prices are holding their ground.
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 4.2% at mortgage brokers but over 4.6% at major banks.
What’s a good mortgage rate in Alberta right now?
As of October 2026, the lowest variable mortgage rates in Alberta are around 3.4%. The lowest fixed rates are closer to 4.2%.
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?
Canada's minimum down payment rules are the same in every province. The minimum down payment on a home worth the provincial average sale price in September 2026 ($524,545) would be $27,455.
How are mortgage rates determined in Alberta?
Mortgage rates are influenced by your savings, income, debt and credit score. Whether a home is located in an urban or remote rural location can also be a factor in determining what rate a lender offers you.
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Clay Jarvis
Clay Jarvis