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AB Mortgage Rates

Mortgage Rates in Calgary, AB

Compare live mortgage rates from 50+ lenders serving Calgary. Free quotes from licensed AB mortgage brokers — no credit check required.

Current Best Rate

4.89%

5-Year Fixed

Avg Home Price

$580,000

Market

Seller's Market

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Current Calgary Mortgage Rates

Rate TypeBest Rate
5-Year Fixed4.89%
5-Year Variable5.45%
3-Year Fixed4.74%
2-Year Fixed5.10%
1-Year Fixed5.65%
HELOC6.20%

*Based on $580,000 home price, 20% down ($464,000 mortgage), 25-year amortization, Canadian semi-annual compounding. Last updated: May 25, 2026. Best rates available to qualified borrowers with 20%+ down payment.

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The Calgary Mortgage Market

Calgary's mortgage market is one of Canada's most active in 2026, driven by strong interprovincial migration from BC and Ontario. The city's average home price of $580,000 combined with Alberta's absence of land transfer tax makes Calgary one of the best value major markets in the country.

At current 5-year fixed rates of 4.89%, a typical Calgary buyer purchasing a $580,000 home with 20% down pays approximately $2,712/month. Calgary's seller's market conditions mean pre-approval is essential before making offers — homes in desirable communities like Beltline, Mahogany, and Evanston are moving quickly.

Alberta's strong energy sector and tech diversification are drawing high-income earners, supporting prices even as interest rates remain elevated. Unlike Ontario or BC buyers, Calgary homeowners pay no land transfer tax, saving $8,000–$15,000 at closing compared to similar purchases elsewhere.

The Bank of Canada's rate trajectory will be critical for Calgary's variable rate holders — approximately 35% of Calgary mortgages are variable rate.

Mortgage Rate FAQs — Calgary

What is the best mortgage rate in Calgary today?
The best 5-year fixed mortgage rate in Calgary, AB is currently 4.89%. Variable rates start at 5.45%. A licensed Calgary mortgage broker can often source rates not publicly advertised — submit your info to get personalized quotes.
How much do I need to earn to afford a home in Calgary?
To qualify for Calgary's average home price of $580,000 with 20% down at current rates, you need a household income of approximately $95,000–$110,000 under the federal stress test (which qualifies you at your rate plus 2%).
What is the average mortgage payment in Calgary?
The average Calgary mortgage payment on a $580,000 home with 20% down ($464,000 mortgage) at the current 5-year fixed rate of 4.89% is approximately $2,712/month over 25 years using Canadian semi-annual compounding.
Should I use a mortgage broker or bank in Calgary?
Using a mortgage broker in Calgary gives you access to 50+ lenders including banks, credit unions, and monoline lenders. Given Calgary's active market, brokers can often move faster and find better rates than going directly to a single bank. The service is free to borrowers.
How much is the down payment on an average Calgary home?
For Calgary's average home price of $580,000, the minimum down payment is $33,000 (5% on the first $500K plus 10% on the remaining $80K). To avoid CMHC insurance, a 20% down payment of $116,000 is required.
Is now a good time to buy in Calgary?
Calgary is in a seller's market with prices up over 5% year-over-year, driven by interprovincial migration and Alberta's robust economy. Buyers who are qualified and ready should act — waiting in a seller's market with no land transfer tax and strong fundamentals rarely benefits buyers. A pre-approval locks in your rate for 90–120 days.
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