Mortgage Rates in Alberta: Today's Best Current Rates

On the board updated 2026-10-15, the lowest 5-year fixed available in Alberta is 4.39% (insured shelf) and the lowest 5-year variable is 3.34%. Rates are set nationally, so the Alberta figure is the national board filtered to lenders that actually fund here.

Barely. Rates are set nationally by lenders, and the differences you see between provinces come from which lenders operate where, not from the province itself. What genuinely differs by province is the cost of closing — land transfer tax, sales tax on the insurance premium, and legal convention.

Most lenders we track. Credit unions are the usual exception, since many are provincially chartered and lend only in their own province. See the directory →

That is the part that really varies. See the Alberta closing cost breakdown, and the land transfer tax calculator for the largest single line.

Sometimes, and only in hindsight. A variable rate starts lower often enough, but what you pay over the whole term depends on where prime goes. The more reliable difference is the cost to break: a fixed mortgage is usually far more expensive to exit early.

No. Both are qualified at the stress-test rate — the higher of your contract rate plus 2% or 5.25% — so your maximum does not change.

Because terms are priced on what the market expects rates to do, not on length. When a fall is expected, lenders price short terms above long ones.

The term is how long the contract and the rate are locked — typically one to five years. The amortization is how long the whole mortgage takes to repay, typically 25 years. You will sign several terms over one amortization.