Most requested
5-Year FixedJumpy
4.24%
Top Canadian Big 6 Bank · Hello Mortgage Negotiated · Below Posted
- Monthly payment
- $2,696/mo
Edmonton mortgage rates · live from lender desks · updated September 21, 2026
Edmonton mortgage rates, today.
3.55%*
5-Year Variable · lowest live lender rate today
Updated just now · straight from lender rate desks, not last week's flyer
4.24%5-yr fixed3.55%5-yr variable4.04%3-yr fixed4.45%Prime rate37days to next BoC rate announcementCompare all lenders →
Shopping for a mortgage in Edmonton can feel like aiming at a moving target. Rates shift daily, every lender prices a little differently, and your down payment, your credit and the property itself all change the number you actually qualify for. That's where strategy earns its keep.
We don't chase the lowest number for its own sake. We compare 50+ banks and lenders, then pair the right rate with the right term and fine print, so the mortgage still fits when life changes. Below: the current mortgage rates in Edmonton, updated every business day, what they cost on a Edmonton home, and the local questions we hear most.
Let's get you the real deal
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Tell us and we'll show you the rates you'd actually qualify for—no credit check, about 60 seconds, zero mortgage-speak.
Free · No commitment · Real lender pricing
Today's shortlist
Three rates worth knowing about.
Buying or renewing in Edmonton? These are today's rates, straight from the rate desks—not last week's flyer. Payments are on a $500,000 mortgage over 25 years, so it's apples to apples.
5-Year VariableJumpy
3.55%
Top Canadian Monoline Lender · Hello Mortgage Negotiated · Below Posted
- Monthly payment
- $2,510/mo
3-Year FixedJumpy
4.04%
Top Canadian Big 6 Bank · Broker-Negotiated · Below Posted
- Monthly payment
- $2,641/mo
140+ five-star Alberta reviews · Lender-paid, $0 to you · No credit check to see your rates
*Rates shown are the lowest available today and depend on your credit, down payment and property. We'll tell you which ones are yours.
Rate forecast · our take, updated daily
Today's call, in short.
Our crystal ball is mostly spreadsheets. Every morning, we read the bond yields, the lender rate sheets and the analyst emails, then write down what we think—and post it publicly, so you can check our work. Here's today's prediction, in two cards.
↓Easing
−0.15% to −0.20% · within 2–3 business daysIf you're closing in the next 120 days, lock now while the bond-yield dip lasts — lenders reprice fast when it reverses.
→Holding steady
Bank of Canada meets in 37 days · October 28Enjoy the calm while it lasts — just don't mistake steady rates now for steady rates come spring.
Fixed vs variable · the whole story
Fixed vs. variable Edmonton mortgage rates. Same ring, different fighters.
The rate is the headline. The fine print—where the rate comes from, what it costs to leave, what happens if life changes—is what actually decides which corner a Edmonton buyer should be in.
FixedRed corner
VariableBlue corner
Where the rate comes from
The bond market. Lenders price fixed rates off the 5-year Government of Canada bond, so your rate is set by what investors think happens over five years.
The Bank of Canada. Variable rates are your lender's prime rate minus a discount, and prime moves in lockstep with the Bank's policy rate—eight decision dates a year.
What moves it
Bond yields—daily, often before the news catches up. Lenders reprice within days of a big move.
Only Bank of Canada decisions. Between meetings your rate is frozen, no matter what the headlines say.
Your payment
Locked for the whole term. Same amount every month—easy to budget, zero surprises.
Usually the payment stays the same and the split between interest and principal shifts. Some lenders adjust the payment instead—ask which.
Penalty if you break early
The greater of 3 months' interest or the Interest Rate Differential (IRD). IRD can run into the tens of thousands with a big bank—one of the most expensive surprises in Canadian mortgages.
Almost always just 3 months' interest. Cheaper and predictable—the quiet superpower of variable.
Switching mid-term
You're in. Breaking to chase a lower rate means paying the penalty above.
You can usually convert to a fixed rate any time with no penalty—the lender's posted fixed at that moment, so timing matters.
Rate hold
Yes—most lenders hold a fixed rate 90–120 days while you shop or wait to close.
The discount off prime is held, not the rate itself—prime can still move before you close.
Who it suits
You value certainty, your budget is tight, or you'd lose sleep over a rate hike.
You have room in the budget, you might sell or refinance before the term ends, or you're betting rates drift lower.
Our take: most people compare the two rates and stop there. The penalty line is where fixed mortgages quietly cost people five figures—and the conversion line is where variable quietly saves them. If there's any chance you'll move, refinance or restructure inside five years, that matters more than a 0.20% gap today.
Mortgages in Edmonton
What the Edmonton market means for your rate.
Edmonton is Alberta's capital city and one of Canada's most active real estate markets — driven by government employment, a diversifying tech and healthcare sector, and consistent interprovincial migration from higher-cost provinces. With an average home price around $479,000 across all property types in early 2026, Edmonton remains one of Canada's most affordable major cities — well below the national average and a fraction of Vancouver or Toronto prices. That affordability is a genuine draw for buyers relocating from other provinces, and it creates a buyer profile that spans first-timers, move-up buyers, and investors in a way few other Alberta cities match.
Detached homes in Edmonton average approximately $589,000, while condominiums remain accessible at around $225,000 — one of the lowest condo entry points of any major Canadian city. Townhomes typically range from $280,000 to $350,000. This range means Edmonton buyers span every mortgage category, from first-time insured buyers putting 5% down on a $250,000 condo to conventional uninsured buyers purchasing a $700,000 detached home in Glenora or Windermere. Knowing which lender tier and product applies to your specific purchase is critical in a market with this much variability.
Edmonton's government employment base — provincial civil service, healthcare, education, and the University of Alberta — creates a large pool of salaried buyers with stable income profiles that lenders treat favourably. But the city also has a significant trades, construction, and energy services workforce whose income structure requires more careful lender selection. The right lender for a government employee and the right lender for a self-employed contractor in the same price bracket are often completely different institutions.
Property typeAverage priceDown paymentMonthly paymentIncome to qualify
All homes$436,475$21,824 5%$2,325 /mo~$103,000 /yr
Detached$556,257$30,626 5.5%$2,947 /mo~$129,000 /yr
Semi-detached$412,704$20,635 5%$2,198 /mo~$97,000 /yr
Townhouse / row$295,583$14,779 5%$1,574 /mo~$71,000 /yr
Condo / apartment$204,434$10,222 5%$1,089 /mo~$51,000 /yr
Payments at 4.24% over 25 years, CMHC premium added to the mortgage; income at the 6.24% stress-test rate with property tax and heat included. Source: AREA / Pillar 9 · August 2026.
Common Edmonton buyer scenarios
Sound like you? We've run this play before.
Every mortgage situation is different, but these are the ones we see most often from Edmonton buyers
First-time buyer entering Edmonton's condo market
Edmonton's condo market offers some of the most accessible entry points of any major Canadian city, with apartments averaging around $225,000. At that price point, a 5% down payment is achievable for many buyers and CMHC-insured mortgage rates apply — often lower than buyers expect. The challenge is lender selection: some Edmonton condo buildings, particularly older high-rises in Wîhkwêntôwin (formerly Oliver) and the downtown core, have reserve fund or ownership-ratio restrictions that narrow the lender pool. Knowing which buildings are straightforward to finance and which require alternative lenders matters before you make an offer.
Move-up buyer from condo to detached in a suburban community
Edmonton's suburban communities — Windermere, Glastonbury, Glenridding, Keswick, and the newer southwest areas — attract a large volume of move-up buyers stepping out of condos or townhomes into detached homes. These transactions typically involve selling an existing property, managing bridge financing, and deciding whether to port or break an existing mortgage. At Edmonton detached prices averaging around $589,000, buyers are often crossing the insured/conventional threshold depending on equity and down payment, which changes the rate environment significantly.
Government or healthcare worker buying in Edmonton
Edmonton's large public sector employment base — provincial government, Alberta Health Services, University of Alberta, Grant MacEwan — creates a consistent stream of stable-income buyers. These profiles are lender-friendly and often qualify for the most competitive pricing tiers. The specific advantage here is that salaried public sector income with defined benefit pensions is treated very favourably at qualification — buyers in these roles often qualify for more than they expect relative to their take-home pay.
Investor buying a rental property in Edmonton
Edmonton's rental market has tightened considerably with population growth and interprovincial migration, making investment property increasingly attractive. Rental properties require a minimum 20% down payment, carry slightly higher rates than owner-occupied mortgages, and require lenders comfortable using rental income in debt service calculations. Edmonton's lower price points relative to Calgary mean the entry cost for an investment property is more manageable, but the structure of the application still requires careful lender matching.
Interprovincial buyer relocating to Edmonton
Edmonton consistently attracts buyers from BC, Ontario, and Quebec drawn by affordability and employment. Relocating buyers often face challenges around out-of-province credit applications, employment that has recently started, and the complexity of selling in one province while buying in another. These applications are workable but require lenders comfortable with employment letters, conditional income, and cross-provincial bridge financing.
How your Edmonton mortgage rate is actually set
Why your rate isn't your uncle's rate.
Mortgage rates aren't one-size-fits-all in Edmonton or anywhere else. The number someone brags about at a barbecue came with their down payment, their credit score, their property and their lender's fine print. Yours comes with yours. We replied to every one.
11:50100
hellomortgage.ca Free mortgage rate advice: available at every barbecue, every long weeke…
Comments
hellomortgage.ca7h · Author@your.uncle 2.79%? We miss her too. Unfortunately, nostalgia isn't an approved mortgage strategy. Your rate is from the day you signed—not today. Rates move with bond yields and the Bank of Canada, sometimes inside a week, so the number from your spring isn't on the shelf anymore. What is on the shelf: a free 120-day rate hold. Lock today's price, shop in peace, and if rates drop before closing you get the lower one. It's the closest thing to 2.79% we can legally offer.
Replyyeg.homebuyer7h@hellomortgage.ca 🔥🔥🔥 "legally offer"
prairie_dad_7h@hellomortgage.ca 👏👏 tell him
- hellomortgage.ca6h · Author
@your.uncle That would make sense. Unfortunately, Canadian mortgages have never let common sense get in the way of a good plot twist. Under 20% down the mortgage is insured, so the lender's risk is covered and they price it sharper. Put 20%+ down and you skip the insurance premium, but the rate itself usually runs a touch higher. Neither is 'better'—they're different math, and we run both before anyone picks.
Replyfirsthome.finally6h@hellomortgage.ca 🙌 wait WHAT
- hellomortgage.ca5h · Author
@your.uncle Lowest rate wins the screenshot. The mortgage strategy wins the next five years. Penalty formulas, prepayment room, portability, whether you can convert—that's where 'no-frills' rates make their money back. A mortgage that's 0.10% cheaper but costs five figures to break isn't cheaper. We read the fine print so the story ends where you want it to.
Replysarah.saves5h@hellomortgage.ca 👏👏👏 say it louder
reno.mike5h@hellomortgage.ca 🔥 saving this
- hellomortgage.caPinned · Author
So what's your number? Two minutes, no credit check. We'll show you the rates that are actually yours—and explain every one. Bring your uncle if you want.
Reply
Ask us what your rate actually is…PostThe Hello Mortgage advantage
RateWatch+: if rates drop before you close, so does yours.
Most lenders hand you a rate and call it a day. We keep watching. Between your approval and your closing day, if your lender's rate drops, we go back and negotiate the lower one for you—automatically, at no cost. It's one of the reasons Edmonton clients don't have to time the market to win it.
How it works
Your personalized rate in under 60 seconds.
No credit check. No commitment. Real lender rates—not the ones printed on a bus bench.
Tell us what you're up to.Buying or renewing?
A few quick details. No credit check, no commitment, no mortgage-speak.
See your real rates.Instantly.
Matched to your situation from live lender pricing—not a generic average someone typed in last week.
Know what actually makes sense.Right now.
Which rate, which term, and what puts you in the strongest position—explained like a human would.
Go deeper
Read the strategy. Run the numbers.
A rate is just a number until you know what to do with it. These are the guides we'd hand you across the desk, plus the calculators we'd pull up—written by our team, in plain English, with the math showing.
Strategy Vault · 3 min
Everything You Need to Know About Mortgage Rate Holds in Canada
A rate hold locks in your mortgage rate for 60–120 days while you house-hunt. Here's how they work, what they cost, and what happens if rates move.
Read the guide →Strategy Vault · 3 minFixed vs. Variable Mortgages: Which One Fits Your Life?
Fixed gives you the same rate for years. Variable starts lower but can move. Here's how to choose based on your plans, timeline, and comfort with change.
Read the guide →Strategy Vault · 5 minTime to Switch from a Variable-Rate to a Fixed-Rate Mortgage
Variable rates have climbed so high they now cost more than fixed — a rare twist. Here's how to decide if locking in makes sense for your mortgage.
Read the guide →Strategy Vault · 5 minYour Mortgage Renewal Is Coming — Here's How to Save Thousands
With rates higher than your last term, your lender's renewal offer probably isn't your best option. A little shopping could save you real money.
Read the guide →CalculatorMortgage Payment
What today's rate means per month—and how a 0.25% move changes it.
Open the calculator →CalculatorAffordability
How much house today's rates actually buy you, before you fall for a listing.
Open the calculator →Edmonton mortgage rate questions, answered
The honest answers.
Today's best rates in Edmonton are 5-year fixed: 4.24%, 3-year fixed: 4.04%, 5-year variable: 3.55%. These are the lowest of the Canadian lenders we negotiate with, updated every business day. Insured / high-ratio mortgages typically qualify for the lowest of the three; uninsured / conventional pricing runs a few basis points higher. Contact Hello Mortgage to see exactly which rate fits your file.
The average home in Edmonton sold for about $436,475 in August 2026 (AREA / Pillar 9). At that price the minimum down payment is $21,824 (5.0%), the monthly payment at today's 4.24% over 25 years is roughly $2,325, and you'd need about $103,000 of household income to pass the stress test. Put 20% down and the CMHC premium disappears, but the rate itself is usually a little higher—we'll run both for you.
Most Edmonton buyers finance between $300,000 and $550,000 depending on property type and down payment. Condo buyers typically carry mortgages in the $200,000 to $300,000 range, while detached home buyers in established and suburban neighbourhoods are frequently financing $450,000 to $600,000. Edmonton's relative affordability means a higher proportion of buyers are in insured mortgage territory than in Calgary — which often means more competitive rates than buyers assume.
From a mortgage strategy perspective, Edmonton offers strong fundamentals — consistent population growth, a diversifying employment base, and prices well below the national average. The city remains one of Canada's most affordable major markets, which supports long-term demand. Whether now is the right time for your specific situation depends on your income, down payment, and timeline — that's a conversation worth having before you commit.
Edmonton's condo market has more lender variability than its detached market. Older buildings — particularly high-rises in Wîhkwêntôwin (formerly Oliver), Downtown, and the Garneau area — may have reserve fund concerns or high investor concentration that restricts some lenders. Newer builds in areas like the Ice District perimeter or south Edmonton suburban developments are generally straightforward. Working with a broker who knows Edmonton's condo landscape helps avoid property-related declines on otherwise strong applications.
Yes — a significant portion of Edmonton buyers, particularly condo and townhome purchasers, are in insured mortgage territory with purchase prices under the $1.5 million threshold and down payments under 20%. Insured rates are typically lower than conventional uninsured rates, which is a genuine advantage for Edmonton buyers compared to higher-priced markets where more buyers are pushed into conventional pricing.
Potentially yes. Edmonton has a large rental market and many properties — particularly newer builds with legal secondary suites — allow rental income to be used in qualification. Rules vary significantly by lender: some are generous with rental income add-backs, others require full tenancy documentation and use only a portion of the income. Lender selection makes a real difference here.
Older high-rise condos in Wîhkwêntôwin (formerly Oliver), Downtown, and Jasper Place tend to require more lender research due to building age and reserve fund considerations. Luxury properties above $1.5 million have their own lender set. New construction pre-sales require lenders comfortable with extended completion timelines. Outside those categories, most Edmonton residential purchases are straightforward from a lender-matching perspective.
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Read our reviews on GoogleWorking with Matt to renew our mortgage was an exceptional experience for us, having only worked directly with the bank previously. So much so that at several points in the process my wife and I actually said to each other "I didn't realize this could be so easy!" The online system for gathering and sharing the necessary documents is incredibly easy to use, and Matt completely overcommunicated (complimentary) through the entire process. He was also incredibly responsive to any of the questions we had that he hadn't already anticipated us asking. Ultimately, working with Matt was an eye opening experience for us, and oh yeah...we got the best possible mortgage rate and terms we could've asked for. Would recommend Matt to any friend or stranger looking for a fantastic mortgage broker.
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