5-year fixed broker floor: 4.12% · Variable broker floor: 3.60% · Qualifying income for median Alberta home (~$450K): approximately $117,938/yr.
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Canadian mortgage rates are set nationally — the benchmark is the same in Alberta as across Canada. The table below shows current estimated benchmark rates for all terms, based on Bank of Canada data. Rates assume excellent credit (750+ score) and represent the best available pricing tier.
| Term | Fixed broker floor | Fixed bank avg | Variable broker floor |
|---|---|---|---|
| 1-Year | 4.62% | 4.97% | 3.60% |
| 2-Year | 4.42% | 4.77% | 3.60% |
| 3-Year | 4.27% | 4.62% | 3.60% |
| 4-Year | 4.17% | 4.52% | 3.60% |
| 5-Year | 4.12% | 4.47% | 3.60% |
| 7-Year | 4.32% | 4.67% | 3.60% |
| 10-Year | 4.57% | 4.92% | 3.60% |
Alberta does not charge a provincial Land Transfer Tax. Only a land title transfer fee applies.
Alberta charges a land title transfer fee of approximately $250–$600 for a typical residential property. The absence of LTT reduces effective closing costs compared to Ontario or BC.
| Value threshold | Tax rate / fee |
|---|---|
| No Land Transfer Tax | Only a registration fee applies in this province |
For the Alberta median purchase price of approximately $450,000 with 10% down ($45,000):
Mortgage amount: $405,000 · Stress test qualifying rate: 6.12% · Monthly P&I at qualifying rate: $2,620/month · Annual PITH: ~$37,740 · Required gross income (32% GDS): approximately $117,938/year.
Alberta borrowers qualify under the same federal stress test rules. Alberta's absence of provincial LTT is a meaningful cost advantage for buyers.
Mortgage brokers and lenders in Alberta are regulated by the Real Estate Council of Alberta (RECA). Borrowers in Alberta can access the full range of federally regulated banks, provincially regulated credit unions, and monoline lenders through the broker channel.
Major cities in Alberta: Calgary, Edmonton, Red Deer, Lethbridge.
CMHC mortgage insurance applies in Alberta for eligible purchases under $1,500,000 with less than 20% down (as of December 2024).
Select your term, rate type, credit tier, and intent to see a detailed rate page for your exact borrower scenario in Alberta.
Many Alberta borrowers are renewing mortgages locked in at historically low rates between 2019 and 2023. If you locked in during this period, your renewal represents a significant payment change.
Select your original term and year to see your specific renewal shock analysis:
The current 5-year fixed mortgage broker floor in Alberta is approximately 4.12% and the bank average is 4.47%. Variable rate broker floor is approximately 3.60%. These are national benchmark rates that apply equally in all provinces.
Alberta does not charge a provincial Land Transfer Tax. Only a land title transfer fee applies. Alberta charges a land title transfer fee of approximately $250–$600 for a typical residential property. The absence of LTT reduces effective closing costs compared to Ontario or BC.
For a Alberta median home price of approximately $450,000 with 10% down, you need approximately $117,938 in gross annual income under the 2026 stress test at 6.12%. This is an estimate — your lender calculates your exact qualifying income.
Alberta does not offer a provincial LTT rebate for first-time buyers. The federal First Home Savings Account (FHSA) is available to eligible first-time buyers nationally.
Mortgage brokers in Alberta are regulated by the Real Estate Council of Alberta (RECA).