Mortgage Rates in Edmonton, AB
Compare live mortgage rates from 50+ lenders serving Edmonton. Free quotes from licensed AB mortgage brokers — no credit check required.
Current Best Rate
4.89%
5-Year Fixed
Avg Home Price
$420,000
Market
Seller's MarketGet Edmonton Mortgage Quotes
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Current Edmonton Mortgage Rates
| Rate Type | Best Rate |
|---|---|
| 5-Year Fixed | 4.89% |
| 5-Year Variable | 5.45% |
| 3-Year Fixed | 4.74% |
| 2-Year Fixed | 5.10% |
| 1-Year Fixed | 5.65% |
| HELOC | 6.20% |
*Based on $420,000 home price, 20% down ($336,000 mortgage), 25-year amortization, Canadian semi-annual compounding. Last updated: May 25, 2026. Best rates available to qualified borrowers with 20%+ down payment.
The Edmonton Mortgage Market
Edmonton offers Canada's best combination of major city amenities and mortgage affordability, with average home prices of $420,000 and no provincial land transfer tax making it the clear value leader among large Canadian cities. At current 5-year fixed rates of 4.89%, the average Edmonton buyer with 20% down pays approximately $1,963/month — dramatically less than comparable properties in Toronto or Vancouver.
Edmonton's market is in sellers' territory with prices up 3.8% year-over-year, driven by interprovincial migration and strong government and healthcare employment. Alberta's capital city offers the stability of a major government employer alongside a growing tech and startup ecosystem around the University of Alberta.
Edmonton's diverse neighbourhoods range from the upscale river valley communities of Glenora and Riverdale to affordable newer suburbs in the southwest like Windermere and Heritage Valley. For investors, Edmonton consistently delivers some of Canada's strongest cap rates with gross rental yields often exceeding 6–7% on well-located properties.
Alberta's no land transfer tax policy is a significant financial advantage — Edmonton buyers save $8,000–$12,000 at closing compared to identical purchases in Ontario or BC markets. Combined with Canada's lowest major-city home prices, Edmonton represents exceptional value for mortgage-financed purchases.