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Rates in Alberta
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*Insured loans. Other conditions apply. Rate in effect as of today.
Compare Current Mortgage Rates in Alberta
Alberta borrowers benefit from a mix of major banks, digital lenders, and provincially regulated credit unions, which offer rate competition throughout the province. Use the comparison tool below to explore current rates for fixed and variable mortgage options across insured, insurable, and uninsured tiers.
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Current Mortgage Rates in Alberta
Compare today’s best mortgage rates in Alberta and see how much you could save. Whether you’re buying, renewing, or refinancing, locking in the lowest rate can mean thousands in savings over your mortgage term. Rates can vary significantly depending on your downpayment, mortgage type, and lender, which is why it’s so important to compare and shop around for the best mortgage rate before you sign.
- Best 5-year fixed mortgage rate (insured):
- Best 5-year variable mortgage rate (insured):
- Average Alberta home price (October 2025): $528,261
- Monthly payment on a $500,000 mortgage: $2,686.55 fixed at
and $2,735.26 at variable
What is the average mortgage rate in Alberta today?
As of Tuesday, November 25, 2025, the best conventional mortgage rates available to borrowers with a down payment of 20% or more tend to be slightly higher than high-ratio insured rates but offer greater flexibility and eliminate default insurance premiums.
Below are the current average conventional mortgage rates available across the province, including in Alberta:
- 2-year fixed conventional mortgage rate:
4.92% - 3-year fixed conventional mortgage rate:
4.67% - 3-year variable conventional mortgage rate:
5.18% - 4-year fixed conventional mortgage rate:
5.24% - 5-year fixed conventional mortgage rate:
4.69% - 5-year variable conventional mortgage rate:
4.27% - 7-year fixed conventional mortgage rate:
5.76% - 10-year fixed conventional mortgage rate:
6.78%
What is today’s prime rate in Alberta?
The Bank of Canada policy rate in Alberta is currently 4.45%. The prime rate affects all lenders’ discounts on variable and adjustable mortgages.
What is the lowest mortgage rate in Alberta today?
As of Tuesday, November 25, 2025, the best high-ratio mortgage rates available to borrowers with a down payment of less than 20% are typically the lowest offered rates in Canada.
Below are the high-ratio insured mortgage rates available across the province, including in Alberta:
- 2-year fixed insured mortgage rate:
- 3-year fixed insured mortgage rate:
- 3-year variable insured mortgage rate:
- 4-year fixed insured mortgage rate:
- 5-year variable insured mortgage rate:
- 5-year variable insured mortgage rate:
- 7-year fixed insured mortgage rate:
- 10-year fixed insured mortgage rate:
How Much Can a Lower Rate Save You in Alberta?
Saving even a small amount on your mortgage rate can make a significant impact, especially with Alberta’s lower home prices. Use the nesto mortgage calculator to estimate your monthly payments and see how different rates or down payments affect your borrowing costs.
Here’s how much a difference of 0.10% to 0.50% could save you over a 5-year fixed term on nesto’s lowest insured rates:
Mortgage Amount Monthly Payment 0.10% Reduction 0.25% Reduction 0.50% Reduction
$100,000 $537.31 $531.77 $523.50 $509.87
$200,000 $1,074.62 $1,063.53 $1,046.99 $1,019.73
$300,000 $1,611.93 $1,595.29 $1,570.48 $1,529.59
$400,000 $2,149.24 $2,127.05 $2,093.98 $2,039.45
$500,000 $2,686.55 $2,658.81 $2,617.47 $2,549.32
$600,000 $3,223.86 $3,190.57 $3,140.96 $3,059.18
$700,000 $3,761.16 $3,722.33 $3,664.45 $3,569.04
$800,000 $4,298.47 $4,254.09 $4,187.95 $4,078.90
$900,000 $4,835.78 $4,785.85 $4,711.44 $4,588.76
$1,000,000 $5,373.09 $5,317.61 $5,234.93 $5,098.63
And over a 5-year variable term:
Mortgage Amount Monthly Payment 0.10% Reduction 0.25% Reduction 0.50% Reduction
$100,000 $547.06 $541.36 $532.88 $518.92
$200,000 $1,094.11 $1,082.72 $1,065.76 $1,037.83
$300,000 $1,641.16 $1,624.08 $1,598.64 $1,556.74
$400,000 $2,188.21 $2,165.43 $2,131.52 $2,075.65
$500,000 $2,735.26 $2,706.79 $2,664.40 $2,594.56
$600,000 $3,282.31 $3,248.15 $3,197.28 $3,113.48
$700,000 $3,829.36 $3,789.51 $3,730.16 $3,632.39
$800,000 $4,376.41 $4,330.86 $4,263.04 $4,151.30
$900,000 $4,923.46 $4,872.22 $4,795.92 $4,670.21
$1,000,000 $5,470.51 $5,413.58 $5,328.80 $5,189.12
Alberta Mortgage Rate Trends
Staying on top of mortgage rate trends can help Alberta borrowers choose the most suitable mortgage term at the right time. As of June 2025, the Bank of Canada has held its overnight rate at 2.75% for the second consecutive meeting. Fixed mortgage rates in Alberta have dipped slightly with lower Government of Canada bond yields, but still sit well above their pre-pandemic lows.
Looking ahead, bond yields may trend higher as the growing US debt burden and rising servicing costs continue to push up global interest rate expectations. Since Canadian yields often follow fluctuations in US Treasury yields, Alberta mortgage rates may also be affected by this pressure.
Variable mortgage rates have mostly levelled off for now but remain closely tied to BoC policy decisions. Many Albertans are leaning toward short-term fixed terms, typically 2 or 3 years, to weather the uncertainty while remaining flexible for future cuts. However, any resurgence in inflation driven by US tariffs or domestic fiscal spending could limit the Bank’s ability to cut further, making timing and term selection all the more critical in 2025.
Real Estate Market Snapshot – Alberta
According to CREA and AREA, the Alberta housing market remains one of the most affordable in the country for homebuyers. More listings and balanced market conditions are giving Alberta buyers stronger negotiating power.
Here’s a look at the housing market in October 2025:
- Average home price: $507,000 (down 0.3% YoY)
- Total home sales: 6,095 (down 10.4% YoY)
- New listings: 9,466 (up 9.6% YoY)
- Sales‑to‑new‑listings ratio (SNLR): 64% (indicating a seller’s market)
What Affects Your Mortgage Rate in Alberta?
Your mortgage rate is based on both your file and external economic factors. Lenders consider:
- Downpayment size: Under 20% requires mortgage default insurance (but can help you get better rates). Over 20% shifts you into the insurable or uninsured category. A lower loan-to-value (LTV) ratio is essential to provide a better rate on insurable mortgages.
- Amortization period: An amortization over 25 years results in a higher uninsured rate*.
- Loan purpose: Refinance and equity takeouts often come with higher pricing than purchases or renewals.
- Credit score: Scores above 680 get the best deals; lower scores may require alternative lenders.
- Debt service ratios: Your debt-to-income (DTI) ratio impacts approval and rate.
- Property type and use: Lenders view owner-occupied homes as lower risk than rental properties.
Tip: A strong file with a higher credit score and stable income can help you unlock better rates across more lenders.*30-year insured mortgages are available to all first-time home buyers and those purchasing newly built homes.
First-Time Buyer Programs in Alberta
Alberta charges a Land Titles Transfer Fee (LTT), saving buyers thousands compared to typical land transfer taxes in other provinces. These provincial and federal incentives can be combined with an insured mortgage to help you qualify for a better rate.
- First-Time Home Buyers’ Tax Credit (HBTC): Up to $1,500 federal rebate
- RRSP Home Buyers’ Plan (HBP): Withdraw up to $60,000 tax-free
- First Home Savings Account (FHSA): Save up to $8,000/year, contributions are tax-deductible, and withdrawals are tax-free.
Land Titles Transfer Fee (LTT) in Alberta
Alberta charges a Land Titles Transfer Fee on the property value and mortgage amount. The fees are calculated as follows:
Alberta Land Titles Transfer Fee (LTT)
| Fee | |
|---|---|
| Property Value | $5 per $5000 + $50 base |
| Mortgage Balance | $5 per $5000 + $50 base |
Note: You may use our Land Transfer Calculator to estimate your required land transfer tax for Alberta; however, the final value must be confirmed with your solicitor.
Should You Choose Fixed or Variable in Alberta?
Choosing between a fixed and variable mortgage rate depends on your financial goals and your outlook on the market. In 2025, most Alberta borrowers are favouring shorter-term fixed rates to hedge risk while staying flexible for future BoC rate cuts.
Here’s a quick breakdown:
| Mortgage Type | Pros | Cons |
|---|---|---|
| Fixed Rate | Stable and predictable payments, ideal for budgeting in volatile conditions | Fixed rates are locked in and require higher prepayment penalties for breaking |
| Variable Rate | Flexibility and potential savings if rates drop | Risk of rate hikes, principal can rise unexpectedly if over-amortized |
| Adjustable Rate | Principal balance unaffected by prime rate fluctuations | Monthly payments change with prime rate fluctuations |
How to Get the Best Mortgage Rate in Alberta
Here’s a step-by-step plan to secure the lowest possible rate based on your situation:
- Check and track your credit score (aim for 680 or higher) at least 6 months before your mortgage application.
- Estimate your affordability with our calculator, or get prequalified.
- Determine whether fixed or variable is the right choice for your risk profile.
- Compare mortgage rates across multiple lenders.
- Get preapproved to lock in a rate while you shop.
Connect with a nesto mortgage expert for a personalized mortgage strategy.
Frequently Asked Questions (FAQ) About Alberta Mortgage Rates
What is a low mortgage rate in Alberta right now?
The best rates in Alberta vary depending on the loan type and borrower profile. As of now, insured 5-year fixed rates start around
Are Alberta mortgage rates lower than in other provinces?
Alberta mortgage rates are similar to those available in other provinces, but lower home prices make lower insured mortgage rates more accessible.
How much income do I need to buy a home in Alberta?
To afford an average-priced home in Alberta with 20% down and minimal debt, you’ll need roughly $89,000 to $137,000 in household income, depending on the rate and mortgage type you select.
Should I get prequalified or preapproved before house hunting?
It’s advised that you get prequalified or preapproved before you start shopping for a home. Prequalification gives you a budget range. Preapproval locks in your rate and demonstrates to sellers that you’re a serious buyer.
When will Alberta mortgage rates go down?
The BoC could cut rates again by late 2025, but inflationary pressures from US tariffs may delay further rate cuts.
Looking for the Best Mortgage Rate in Alberta?
Whether you’re buying in Calgary, renewing in Edmonton, or refinancing across the province, Alberta’s mortgage market offers real savings potential.
✅ Compare Alberta’s best mortgage rates
✅ Get guidance from a nesto mortgage expert
✅ Lock in a mortgage strategy that fits your long-term goals
Let’s make your next mortgage move smarter—and more affordable.
Why Choose nesto
At nesto, our commission-free mortgage experts, certified in multiple provinces, provide exceptional advice and service that exceeds industry standards. Our mortgage experts are salaried employees who provide impartial guidance on mortgage options tailored to your needs and are evaluated based on client satisfaction and the quality of their advice. nesto aims to transform the mortgage industry by providing honest advice and competitive rates through a 100% digital, transparent, and seamless process.
nesto is on a mission to offer a positive, empowering and transparent property financing experience – simplified from start to finish.
Contact our licensed and knowledgeable mortgage experts to find your best mortgage rate in Canada.