Seller's Market

Mortgage Rates in Alberta

Alberta is Canada's fastest-growing province with no land transfer tax, making it one of the most affordable major markets. Calgary and Edmonton are seeing strong demand from interprovincial migration.

Avg Home Price

$490,000

Benchmark Price

$465,000

Year-Over-Year

↑ 4.2%

Best 5-Yr Fixed

4.89%

Today's Best Rates in AB

📅 Page updated: July 8, 2026·⚡ Rate data: May 25, 2026·Methodology

Rate Type	Best Rate	Monthly Payment*	Term
5-Year Fixed	4.89%	~$2,301/mo	5 Years
5-Year Variable	5.45%	~$2,430/mo	5 Years
3-Year Fixed	4.74%	~$2,268/mo	3 Years
2-Year Fixed	5.1%	~$2,349/mo	2 Years
HELOC	6.2%	~$2,583/mo (interest only)	Revolving

*Based on $500K mortgage, 25-year amortization, Canadian semi-annual compounding. Last updated: May 25, 2026.

Bank vs. Broker Rate Comparison

See how Big 6 posted rates stack up against the best broker rates available in Alberta.

Lender	Type	5-Yr Fixed	3-Yr Fixed	5-Yr Variable	Action
National Bank	Bank	4.43%	4.44%	4.49%	Get Quote →
CIBC	Bank	4.51%	4.51%	4.12%	Get Quote →
RBC Royal Bank	Bank	4.62%	4.43%	3.98%	Get Quote →
BMO	Bank	4.76%	4.67%	4.12%	Get Quote →
TD Bank	Bank	4.96%	4.72%	4.31%	Get Quote →
Scotiabank	Bank	6.09%	6.05%	4.90%	Get Quote →
TOPTop Broker 🏆	Broker	4.89%	4.74%	5.45%	Get My Rate →

Bank rates shown are posted rates sourced from Bank of Canada. Actual rates may vary. Broker rates reflect best available insured rates from 50+ lenders. Last updated: May 25, 2026.

Land Transfer Tax in Alberta

No provincial LTT — significant savings vs ON and BC

First-Time Buyer Programs in Alberta

First Home Savings Account (FHSA)
RRSP Home Buyers Plan
CMHC Mortgage Insurance
Alberta No Land Transfer Tax

Mortgage Rates by City in Alberta

Calgary

Avg $580,000

+5.1%

Edmonton

Avg $420,000

+3.8%

Red Deer

Avg $340,000

+3.2%

Lethbridge

Avg $310,000

+2.8%

Medicine Hat

Avg $290,000

+2.1%

Grande Prairie

Avg $330,000

+4.1%

Airdrie

Avg $490,000

+6.2%

St. Albert

Avg $470,000

+4.4%

Frequently Asked Questions

Does Alberta have a land transfer tax?

No — Alberta is one of the few provinces with no land transfer tax. You pay a small land title transfer fee (roughly $500-$1,000) but no percentage-based LTT, saving thousands compared to Ontario or BC.

What is the average home price in Alberta?

The average home price in Alberta is approximately $490,000, with Calgary averaging around $580,000 and Edmonton around $420,000. Prices have risen 4%+ year over year.

What is the average mortgage rate in Alberta?

The best 5-year fixed mortgage rate in Alberta is currently around 4.89%. Alberta's strong economy means lenders view it as a low-risk market.

Is Calgary or Edmonton a better place to buy?

Calgary has higher prices but stronger job growth in energy and tech. Edmonton is more affordable with a stable government and healthcare employment base. Both have strong rental markets.

What programs help first-time buyers in Alberta?

Alberta first-time buyers can use the federal FHSA (up to $40K tax-free savings), the Home Buyers Plan (RRSP withdrawal up to $35K), and CMHC insured mortgages with 5% down.

Is Alberta a good place to invest in real estate?

Alberta's population growth, no provincial income tax, no land transfer tax, and relative affordability make it attractive for real estate investment. Calgary in particular has seen strong investor interest.

How do mortgage brokers work in Alberta?

Alberta mortgage brokers are licensed by RECA (Real Estate Council of Alberta) and can access rates from banks, credit unions, and alternative lenders. Their service is free to borrowers.

What is the stress test rate in Alberta?

The federal stress test applies in Alberta — you must qualify at your contract rate plus 2% or 5.25%, whichever is higher. This is a federal rule that applies coast to coast.

Get Your AB Rate Quote

Licensed Alberta brokers — free, no credit check.

Get matched with a licensed Alberta mortgage broker today

Access 50+ lenders. No credit check. Completely free.

Get Free Quotes →