Find the best mortgage rate in Alberta

Our rate tables allow you to view the most current mortgage rates in Alberta instantly, all in one place. By comparing the rates and products offered by the Big 5 Banks, top mortgage brokers, smaller banks and credit unions, you can find the best mortgage to suit your needs and save thousands of dollars.

Alberta at a glance

• Population: 4.5 million 
• Average Household Income: $93,835
• Percentage of Homeowners: 72%
  

Alberta housing market: January 2026 update

On January 15, 2026, the Canadian Real Estate Association (CREA) released its December, 2025 housing data for Alberta, highlighting trends in sales, pricing, and inventory. Home sales in the province fell by 7.3% year over year, with 3,738 properties changing hands in December. Despite softer sales, Alberta’s average home price increased by 3.8% annually, bringing it to $509,840.

New listings decreased by 0.9% compared to the same time last year, with 3,867 homes brought to market in December. The months of inventory, which reflects how long it would take to sell all active listings at the current pace, rose to 3.7, up by 0.8 from a year ago. The rise in inventory indicates that supply is beginning to outpace demand.

The sales-to-new-listings ratio (SNLR) rose to 64.8% from 63.6% last month, marking a slight shift but still placing Alberta near the upper end of CREA’s 45–65% balanced range. With sales cooling and inventory improving, Alberta’s housing market appears to be moving toward greater equilibrium, even as sellers continue to hold a modest advantage for now.

Read more: Canadian housing market ends 2025 on chilly note, sales to rise 5% this year

January 28, 2026: The Bank of Canada announcement highlights

On January 28, 2026, the Bank of Canada held its overnight interest rate at 2.25% for a second straight announcement, maintaining a pause that has been in place since December. After a series of rate cuts through 2024 and 2025, the benchmark rate remains at its lowest level since mid-2022. 

• The hold reflects a more cautious economic backdrop. In its statement, the Bank noted that GDP growth likely stalled in the fourth quarter, exports continue to face tariff pressure, and hiring plans remain limited, even as employment has improved modestly. The unemployment rate remains elevated at 6.8%.
• With the prime rate unchanged at 4.45%, variable-rate mortgage holders will see no change to their payments. The lowest available five-year variable mortgage rates are currently around 3.35%, the lowest since the summer of 2022. For borrowers considering a variable term, today’s hold preserves access to some of the most competitive variable pricing seen in recent years.
• Fixed mortgage rates remain under pressure from elevated bond yields. The Government of Canada five-year bond yield has remained near 2.8% since December, keeping the lowest insured five-year fixed mortgage rates around 3.84%, with little change expected in the near term.
• Looking ahead, the Bank emphasized that uncertainty remains elevated. While markets expect rates to remain steady for now, officials noted that trade developments and global instability could quickly alter the outlook if economic conditions weaken or inflation trends shift.

How do I get the best mortgage rate in Alberta?

Alberta’s lucrative oil and gas industry, among other draws, beckons thousands of Canadians to move there every year. As such, it’s no surprise that it’s also home to a thriving mortgage industry, with numerous lenders vying for your business. In addition to the Big 5 Banks and other national banks and credit unions, Alberta is home to a number of its own financial institutions headquartered there, including ATB Financial, Canadian Western Bank and Servus Credit Union. Numerous smaller banks, credit unions and mortgage brokerages are also players in the Alberta market. The best mortgage rates in Alberta are in the table above, updated in real-time.

However, the lowest rate is not always the best rate for you - your ideal mortgage is one that meets your needs and best fits your financial situation. Be sure to shop around between lenders and consult with a mortgage broker. They can help you navigate the different mortgage products available, and can provide you with expert, personalized advice on the pros and cons of each, all at no cost to you.

What factors affect your mortgage rate?

It’s great to see the lowest rates on offer in Alberta, but the rate you’ll actually qualify for is likely to be different than the lowest advertised rates. Some personal factors that influence your personal rate are:

• Your down payment: Every Canadian home purchase requires a cash down payment. The minimum is from 5% to 20% depending on the purchase price. If your down payment is less than 20%, you’ll have what’s called an insured mortgage, and you’ll be charged for mortgage default insurance. This covers your lender if you don't make your payments. While this costs you more, your bank will probably offer a lower rate, because your insurance reduces the risk.
• Your amortization period: You won’t be able to get insurance on a mortgage with an amortization period of over 25 years, so you’ll be charged a higher rate. That said, most mortgages in Alberta have amortization periods of 25 years or less.
• The purpose of the property: Your mortgage rates will be different if you plan to live in the new home. Rates are generally higher for mortgages on rental or investment properties.
• Mortgage type: You’ll be offered a higher rate if your mortgage is a refinance, rather than buying a new home or renewing your mortgage.
• Credit score: The best rates typically come from A lenders, which includes big banks and many credit unions. However, A lenders often won’t work with you if you have bad credit. If your credit forces you to borrow from a B lender, expect a higher rate.
  

   

Historical trends in Alberta mortgage rates

Alberta mortgage rates rise and fall, as do rates across Canada. Check out this interactive chart showing the lowest mortgage rates in Canada over the last few years to get a sense of where we are today.

Source: Ratehub Historical Rate Chart

Alberta land transfer tax

Unlike other provinces like Ontario and British Columbia, Alberta doesn’t have a land transfer tax. This makes the closing costs associated with buying a house in Alberta significantly lower than in other provinces.

In Ontario and BC, land transfer taxes add between 0.5% and 2.0% to the cost of every home, which can quickly get into the tens of thousands of dollars.

Alberta first-time home buyer programs

With no land transfer tax in Alberta, there aren’t any first-home buyer tax rebates at the provincial level. However, first-time home buyers in Alberta can access a range of federal government programs, including the first-time home buyer tax credit and the first-time home buyer incentive.

Read about those programs in our guide to Canadian first-time home buyer programs.

Sources:

1. Alberta.ca
2. CREA
3. Statistics Canada
4. AREA