Most requested
5-Year FixedSteady
4.49%
Top Canadian Specialty Lender · Hello Mortgage Featured · Broker Channel
- Monthly payment
- $2,765/mo
Today's best rates · live from lender desks
Alberta mortgage rates, today.
3.65%*
5-Year Variable · lowest live lender rate today
Updated 1 day ago · straight from lender rate desks, not last week's flyer
Let's get you the real deal
Where are you at?
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.
Pulled live from lenders across Canada. Monthly payments are on a $500,000 mortgage over 25 years—so you can compare apples to apples.
5-Year VariableSteady
3.65%
Top Canadian Specialty Lender · Hello Mortgage Featured · Broker Channel
- Monthly payment
- $2,536/mo
3-Year FixedSteady
4.24%
Top Canadian Specialty Lender · Hello Mortgage Featured · Broker Channel
- Monthly payment
- $2,696/mo
150+ 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.
How we stack up
Banks have hold music. Rate sites have bots. We have a game plan.
Same lenders, same rates—very different experience. Here's the honest side-by-side.
Hello MortgageYour goals, our game planBig banksOne shelf. Their rules.
Rate sitesA number, then the phone won't stop
Rates from banks, credit unions and monolines—side by side
RateWatch+: we check your lender until closing day—if the rate drops, we negotiate the lower one for you
Mortgage strategy and options built around you—penalties, renewal, your next move
One application, one human—your number never gets sold to five brokers
5-star trusted by Alberta homeowners
Rate forecast · our take, updated daily
Where Alberta mortgage rates are heading —and why.
Our crystal ball runs on bond yields, lender rate sheets and a very long memory. Turns out that's far more reliable than the other kind.
↑Heading up
Bond yields jumped 0.08% this week—and lenders don't sit on that for long.Short term · the next few days5-year bond yield3.58%up 0.08% this week
Where fixed rates are headed+0.10% to +0.15%based on how lenders have reacted before
How soonwithin 1–3 business days3 lenders have already moved
Why we're calling it up
Long term · where fixed rates are heading- Fixed mortgage rates are priced off the 5-year bond yield — it's climbed 0.08% over the past five days to 3.58%, squeezing lender margins until they reprice higher.
- Lenders moved quickly: 198 rate increases in the past week, 48 cuts. Our track record shows lenders pass on about 150% of the bond move within three business days.
- Canadian bond yields are under pressure from sticky inflation and hawkish central banks abroad — the Bank of Canada just hiked, and high oil prices keep cost pressures front and ce
- End of 2026Drifting higher with oil
- Early 2027Firming as hikes land
- Mid 2027Plateau near the peak
Bond yields face upward pressure as long as inflation stays elevated and global central banks tighten.
What +0.12% actually costs you
$6,000less house you can buy
$33more a month, every month
$2,900more interest over a 5-year term
A rate hold is free, takes minutes, and keeps today's rate safe for up to 120 days. Rates drop before you close? You get the lower one. Easiest yes of your week.
On a $500,000 mortgage, 25-year amortization.
If you're closing in the next 120 days, lock your rate now — bond yields are climbing and fixed rates will follow.
Hello Mortgage rate data · Analyst data · Oct 30→Holding steady
Nothing moves before Dec 9—and the next move is more likely up than down.Latest decisionRaised its target rate by 0.25% to 2.50%· October 28
Short term · the next announcementBank of Canada meets38 daysDecember 9
Our expected callHoldPolicy rate 2.50% · Prime 4.70%
What could change itFriday's jobs report and whether energy prices keep climbing
Why we're calling a hold
Long term · where Prime is likely heading · our team's call, set 2026-10-28- Core inflation is sitting near 3%, above the Bank's 2% target, and consumer spending is holding up.
- The Bank wants proof that high oil prices and business costs stop spilling into broader inflation.
- By Mar 2027Prime up to 4.95%
- By Jun 2027Prime up to 5.20%
- By Oct 2027Prime holds at 5.20%
Our team's call, updated 2026-10-28. We revisit it after every Bank of Canada announcement.
The ride stays smooth until inflation cools or the jobs market cracks — neither looks imminent.
Analyst data · Oct 30 · Bank of Canada guidance · Oct 28The last 12 months
Our lowest 5-year fixed vs. the bond yield that drives it.
Lowest 5-yr fixed · 4.49%5-yr bond yield · 3.58%
The lowest 5-year fixed is up 0.45% over the period. Fixed rates ride the bond yield with a lag of a few days—that gap between the lines is the lenders' margin, and it's why we watch the bond first. Rates are the lowest we tracked across all lenders each week, not any single lender's posted rate.
How we know
Look deep into our crystal ball—no incense required.
Peer inside and you won't find smoke, mirrors or a 1-900 number. You'll find the four things that make us the real deal—and the reason our calls hold up long after the incense burns out.
- We listen to lendersEvery lender rate sheet lands in our inbox the minute it's sent—we read every one, so you don't have to.
- We connect the dots4,071+ rate changes so far, each one stamped with the bond yield that set it off. That's how we know how much of a move reaches you, and how fast.
- We read the analystsBank economists, analysts and industry insiders publish updates every week. We digest them and translate it into plain English—no jargon, no homework.
- We grade ourselvesEvery call gets checked against what lenders actually did. If we're wrong, we learn—so our next call is sharper.
Hello Mortgage Insights · updated Nov 1 · Analyst data · Oct 30 · 4,071+ lender rate moves tracked · Read this week's full rate report →
Alberta housing market · September 2026
What homes cost—and who has leverage.
Rates are half the story. Prices, sales and how many months of inventory are sitting on the market decide how hard you can negotiate. Straight from the Alberta Real Estate Association and the local boards.
MarketAverage pricePrice vs last yearHomes soldMonths of supply · leverage
Alberta$528,556+5%5,699 -6% vs last yr3.83Balanced
Source: AREA / Pillar 9 · September 2026. Months of supply above ~4 favours buyers; below ~2.5 favours sellers.
CityAverage priceDown paymentMonthly paymentIncome to qualify
Payments at 4.49% over 25 years, CMHC premium added to the mortgage; income at the 6.49% stress-test rate with property tax and heat included.
No land transfer tax
Alberta charges a small land title registration fee instead—a few hundred dollars on a typical home, not the tens of thousands Ontario and B.C. buyers pay. It's why closing costs here are among the lowest in Canada.
Estimate your closing costs →Alberta lenders in the mix
ATB, Servus (which now includes connectFirst) and the province's other credit unions compete with the national banks and monolines—more shelves means sharper pricing for you. We shop them all.
See how lenders compare →First-time buyer perks
No provincial tax means no provincial rebate—but the federal stack still applies: the FHSA, the RRSP Home Buyers' Plan and 30-year insured amortizations for first-timers. Lower Alberta prices also land more buyers in the insured tier, where rates are sharpest.
The first-home game plan →Fixed vs variable · the whole story
Fixed vs variable. 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 you 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.
The decision desk
Fixed or variable? Let's actually run it.
The question everyone asks us. Instead of a shrug, here's the live math—today's rates, where we think Prime is heading, and the one number that settles it.
5-Year Fixed4.49%$2,765/mo
5-Year Variable3.65%$2,536/mo
On a $500,000 mortgage · 25-year amortization · variable saves $228 a month today
The one number that settles it
Variable wins unless Prime rises more than 1.00% over the term.
That's 4 quarter-point hikes. Our forecast has 2 by apr 2027.
0 hikes5 hikes (+1.25%)
Three futures, one table
| If this happens… | Fixed pays | Variable pays | Winner |
|---|---|---|---|
| Rates holdPrime stays where it is | $104,784 | $84,743 | Variableby $20,041 |
| Our base casePrime rises 0.50% by Apr 2027 (our team's call) | $104,784 | $96,111 | Variableby $8,673 |
| Inflation bitesPrime rises 1.25% by late 2027 | $104,784 | $111,044 | Fixedby $6,260 |
Total interest over a 5-year term on $500,000. Variable payments re-set at each move.
Our callVariable, for most people. Fixed, if a hike would keep you up at night.
Variable wins today — saves about $228/month on a $500K mortgage.
Go variable if…
- You've got the monthly gap as breathing room, not as the budget
- You might move, refinance or restructure inside five years—the penalty line matters
- You're fine converting to fixed later if the picture changes
Go fixed if…
- A rate hike would genuinely keep you up at night
- Your budget is tight enough that surprises hurt
- You're closing within 120 days and yields are climbing—lock it
Which one is actually yours? Two minutes, no credit check.
Already in a variable rate?
Switch to fixed—or stay put?
The right answer depends on your rate and balance, not averages. We'll run the exact math: what you pay today, what it becomes if the Bank moves, and whether locking in actually saves you money.
How your rate is actually set
Why your rate isn't your uncle's rate.
Mortgage rates aren't one-size-fits-all. 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. Here's what moves it—and what you can do about it.
Down paymentBiggest lever
Less than 20% down can mean a lower rate.
Counter-intuitive, but true. Under 20% down, your mortgage is insured—the lender's risk is covered, so they price it sharper. Put 20% or more down and you skip the insurance premium, but the rate itself usually runs a touch higher. Neither is 'better'—they're different math.
Credit scoreFixable
680 is the line. Above it, the good shelf opens up.
Lenders read your score as a risk signal. Strong credit gets the sharpest pricing; bumps and bruises push you to a higher rate or a different kind of lender altogether. A few months of paying things down before you apply can move you a whole tier.
What the property isOften a surprise
Your home and a rental are priced differently.
Owner-occupied homes get the best rates because people fight hardest to keep the roof over their own head. Rentals carry vacancy and income risk, so they cost a little more and take more paperwork. Ditto acreages, condos with quirks and anything unusual.
Term and rate typeSee the Decision Desk
Five-year fixed, three-year fixed and variable are three different products.
Each term is priced off a different part of the market—so 'the rate' your neighbour quotes may not even be the same product you're shopping. Fixed buys certainty. Variable buys flexibility and, usually, a lower starting point. We ran that math for you above.
Read the fixed vs. variable guide →The fine printWhere deals go wrong
The lowest rate is sometimes the most expensive mortgage.
Penalty formulas, prepayment room, portability, whether you can convert—this is 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 contract so you don't learn this the hard way.
Run the penalty calculator →When you lockedWhy holds matter
Your uncle's rate is from the day he signed—not today.
Rates move with bond yields and the Bank of Canada, sometimes within days. The number someone got in the spring isn't on the shelf anymore. A rate hold freezes today's price for up to 120 days while you shop, so timing works for you instead of against you.
How rate holds work →So what's your number?
Two minutes, no credit check. We'll show you the rates that are actually yours—and explain every one.
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 →Alberta mortgage rate questions, answered
The honest answers.
The honest answers.
Today's best rates in Alberta are 5-year fixed: 4.49%, 3-year fixed: 4.24%, 5-year variable: 3.65%. 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.
Fixed rates are heading up right now—bond yields have climbed and lenders reprice within days. Variable rates are on hold until the Bank of Canada's next announcement, and the next move looks more likely to be a hike than a cut. Our forecast section above breaks both down—what's moving them, what could change the call, and where we think rates land over the next 6–9 months. It's refreshed daily from bond yields, lender rate sheets and analyst research.
Prime is 4.70% today. Prime is set nationally—every Alberta lender uses the same number, and it moves only when the Bank of Canada changes its policy rate. Your variable mortgage is priced as Prime minus a discount (say, Prime − 0.90%), so when Prime moves, your rate moves by exactly the same amount the next day.
Because your bank showed you one shelf. We shop banks, credit unions and monoline lenders side by side, and the lowest rate in Alberta today usually isn't at the branch you already bank with. The rates here are the sharpest live rates in the market—your personal rate depends on your down payment, credit, property and term, which is why we ask a few questions first.
A rate hold freezes today's rate for up to 120 days while you shop or wait to close. It's free, takes minutes, and there's no obligation. If rates drop before you close, you get the lower one—if they rise, you're protected. There is genuinely no downside, which is why we nag about it when yields are climbing.
Scroll up to the Decision Desk—we run the live math every day: today's gap, where we think Prime is heading, and how many hikes it would take for fixed to win. The short version: variable usually wins on price and flexibility; fixed wins on sleep. Which matters more is a you question, and we're happy to talk it through.
Same federal rules as the rest of Canada: 5% on the first $500,000 of the price and 10% on the portion between $500,000 and $1.5 million; at $1.5 million and up it's 20%. Under 20% down you'll add CMHC insurance to the mortgage—and, counter-intuitively, usually get a lower rate. Our Alberta market table above shows what that works out to at each city's average price.
No. Seeing your personalized rates here is a soft look—no credit pull, no ding. We only run a formal credit check once you decide to move ahead with an application, and we'll tell you before we do.
Straight from Google
Our clients say it better.
Hello Mortgage Team has over 150 ★★★★★ reviews!
Read our reviews on GoogleMatt handled our mortgage renewal seamlessly. He laid out all our options and made sure we got the best deal possible.
★★★★★— Jennifer H.Alberta1 / 147
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