Balanced Market
Mortgage Rates in Medicine Hat, AB
Medicine Hat is one of Canada's sunniest cities with very affordable real estate, natural gas resources, and a strong manufacturing base.
Avg Home Price
$290,000
Benchmark Price
$278,000
Year-Over-Year
↑ 2.1%
Best 5-Yr Fixed
4.89%
Today's Best Rates Near Medicine Hat
| Rate Type | Best Rate |
|---|---|
| 5-Year Fixed | 4.89% |
| 5-Year Variable | 5.45% |
| 3-Year Fixed | 4.74% |
| 2-Year Fixed | 5.1% |
| HELOC | 6.2% |
*Based on $500K mortgage, 25-year amortization, Canadian semi-annual compounding. Last updated: May 25, 2026.
Medicine Hat Real Estate Market
Balanced Market: Supply and demand are roughly equal — a stable environment for buyers and sellers.
Medicine Hat is one of Canada's sunniest cities with very affordable real estate, natural gas resources, and a strong manufacturing base.
Land Transfer Tax — Medicine Hat
Medicine Hat has no land transfer tax.
Neighbourhoods in Medicine Hat
Ross GlenRanchlandsCrescent HeightsNorwoodRiver Flats
Frequently Asked Questions
What is the average home price in Medicine Hat?
The average home price in Medicine Hat is approximately $290,000, among Alberta's most affordable.
Why is Medicine Hat called the Gas City?
Medicine Hat sits atop one of Canada's largest natural gas fields and has historically had very cheap natural gas for residents and industry.
Is Medicine Hat a good place to live?
Medicine Hat consistently ranks highly for quality of life with low cost of living, strong employment, and Canada's most sunshine hours.
Does Medicine Hat have a land transfer tax?
No — like all of Alberta, Medicine Hat has no land transfer tax.
Is Medicine Hat real estate a good investment?
Medicine Hat offers strong rental yields and affordable prices, though the market is smaller and less liquid than Calgary or Edmonton.
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