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Check out today's best mortgage rates in Canada by type and term.
| Insured ? | 80% LTV ? The rates in this column apply to mortgage amounts between 65.01% and 80% of the property value. The home must be owner-occupied and have an amortization of 25 years or less. You must have purchased it for less than $1 million. These rates are not available on refinances. Refinances require "Uninsured" rates. | 65% LTV ? The rates in this column apply to mortgage amounts that are 65% of the property value or less. The home must be owner-occupied and have an amortization of 25 years or less. You must have purchased it for less than $1 million. These rates are not available on refinances. Refinances require "Uninsured" rates. | Uninsured ? | Bank Rate ? | ||
|---|---|---|---|---|---|---|
Insured 4.64% | 80% LTV 4.19% | 65% LTV 4.19% | Uninsured 4.99% | 4.99% | ||
Insured 3.99% | 80% LTV 3.89% | 65% LTV 3.89% | Uninsured 4.44% | 4.53% | ||
Insured 3.69% | 80% LTV 3.79% | 65% LTV 3.79% | Uninsured 3.9% | 4.39% | ||
Insured 3.84% | 80% LTV 3.99% | 65% LTV 3.99% | Uninsured 4.39% | 4.44% | ||
Insured 3.69% | 80% LTV 3.55% | 65% LTV 3.55% | Uninsured 3.69% | 4.19% | ||
Insured 4.19% | 80% LTV 4.24% | 65% LTV 4.24% | Uninsured 4.89% | 5% | ||
Insured 5.04% | 80% LTV 4.34% | 65% LTV 4.34% | Uninsured 5.24% | 6.09% | ||
Insured 3.9% | 80% LTV 3.95% | 65% LTV 3.9% | Uninsured 3.9% | 5.95% | ||
Insured 3.45% | 80% LTV 3.45% | 65% LTV 3.45% | Uninsured 3.5% | 4.24% | ||
Insured N/A | 80% LTV N/A | 65% LTV N/A | Uninsured N/A | N/A | ||
Insured 5.45% | 80% LTV 5.45% | 65% LTV 5.45% | Uninsured 5.5% | N/A |
There are three main drivers behind mortgage rates in Edmonton and Canada at large:
The Bank of Canada influences mortgage rates through its policy rate. The Bank’s objective is to keep inflation in the target range of 1% to 3% and preserve the value of the Canadian dollar. It achieves this by setting the target overnight rate, also known as the policy rate.
As of today, the policy rate is 2.25%. The central bank uses the target rate to influence how the banks set their own rates and acts as a barometer for the rate at which banks borrow and lend among themselves.
The higher the inflation, particularly if it’s above 3%, the higher the likelihood of a rate hike. Though inflation does not directly affect mortgage rates, the Bank tends to raise rates to cool down economic activity and force homebuyers to retreat from the market. It’s worth noting that government bond yields, which influence fixed rates, are affected by inflation as well, in addition to factors like oil prices, geopolitical tensions and broader economic conditions (which currently remain uncertain).
Banks, credit unions, monoline lenders and other financial institutions compete to attract borrowers across Edmonton and beyond. During competitive market conditions, lenders may offer better rates. Shopping around and comparing multiple lenders — including local Alberta credit unions like Servus Credit Union — can often result in a better mortgage rate.
When you apply for a mortgage, lenders look at a few different factors when deciding whether or not to approve your application (and what interest rate they can offer). Here’s what they look at to calculate your Edmonton mortgage rate:
1. Down payment
When you buy a home, you’ll need to put down a certain percentage of the purchase price up front. Even in an affordable city like Edmonton, your down payment is important: it determines the size of your mortgage loan, and factors significantly into the lowest Edmonton mortgage interest rate you’ll qualify for. A higher down payment means a smaller mortgage, and signals to lenders that you’re less of a borrowing risk and will likely make your mortgage payments on time.
In Canada, federal mortgage rules require homebuyers to put down at least 5% to 20% of the total sale price, depending on the price of the home. Here’s how it works:
Remember: If your down payment is less than 20% of the total price of the home, you’ll need to purchase mortgage insurance from the Canada Mortgage and Housing Corporation (CMHC). Mortgage insurance isn’t available for homes that cost more than $1 million.
2. Debt service ratio
Besides your down payment, mortgage lenders also consider how much money you owe. They look at two different types of debt ratios:
3. Credit score
Your credit score ranges from 300 to 900, and is calculated by looking at factors including payment history, number of open accounts, length of credit history and total debt levels. Lenders use it to gauge your financial trustworthiness. Your score directly affects whether you’ll be approved for a mortgage and the interest rates lenders will offer. The higher your credit score, the more likely it is that lenders across Canada can offer the best mortgage rates for Edmonton.
4. Income
Whether you have a salaried job or earn income from a rental property or investments, lenders want to know how much money you have coming in on a regular basis. Lenders will ask about the type of employment (full-time, part-time, casual, temporary or seasonal) and how long you’ve been employed for. If you’re self-employed, you’ll need to show three years of tax returns, your personal and business credit score, business articles of incorporation, proof of ownership, business or GST licence and other supporting documents for your business such as an income statement, cash flow statement and balance sheet.
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How do these mortgage types differ? Conventional (low-ratio) mortgage requires a down payment of 20% or more, with no mandatory insurance, while a high-ratio mortgage requires a down payment of below 20%, plus mandatory insurance.
Which mortgage type offers cheaper rates? As of August 2026, the average conventional 5-year fixed rate is 4.23%. That’s 11 bps above the average high-ratio 5-year fixed rate, which stands at 4.12%.
| Date | Average Conventional Rate | Average High Ratio Rate |
|---|---|---|
| 09/25 | 4.59% | 4.45% |
| 10/25 | 4.59% | 4.36% |
| 11/25 | 4.46% | 4.28% |
| 12/25 | 4.64% | 4.44% |
| 01/26 | 5.99% | 5.99% |
| 02/26 | 5.99% | 5.99% |
| 03/26 | 5.99% | 5.99% |
| 04/26 | 4.65% | 4.49% |
| 05/26 | 4.38% | 4.23% |
| 06/26 | 4.34% | 4.18% |
| 07/26 | 4.23% | 4.12% |
| 08/26 | 4.23% | 4.10% |
Last Updated: September 1, 2026
How do these mortgage rates differ? A fixed rate mortgage is a rate fixed over a period of time. Interest rates and the mortgage payments remain the same (and consistent) over that mortgage term. A variable rate mortgage is different. While the mortgage payment remains constant, the interest rate payments fluctuate with the prime interest rate.
Which rate is cheaper? As of August 2026, the 5-year fixed rate is 4.18%. That’s 56 bps abow the 5-year variable rate, which stands at 3.62%.
| Month | Fixed | Variable |
|---|---|---|
| 09/25 | 4.67% | 4.67% |
| 10/25 | 4.63% | 4.51% |
| 11/25 | 4.64% | 4.39% |
| 12/25 | 4.69% | 4.36% |
| 01/26 | 4.89% | 4.48% |
| 02/26 | 4.89% | 4.29% |
| 03/26 | 4.95% | 4.59% |
| 04/26 | 4.55% | 3.96% |
| 05/26 | 4.26% | 3.63% |
| 06/26 | 4.22% | 3.62% |
| 07/26 | 4.18% | 3.62% |
| 08/26 | 4.20% | 3.63% |
Last Updated: September 1, 2026
New mortgage loan values have been trending upward throughout 2025, reaching the average of $323,987 in Edmonton and $360,597 in Canada by the end of Q4 2025.
Here are all the average new mortgages loan values in Calgary from 2022 to 2025:
| Q1 – 2022 | Q2 – 2022 | Q3 – 2022 | Q4 – 2022 | Q1 – 2023 | Q2 – 2023 | Q3 – 2023 | Q4 – 2023 | Q1 – 2024 | Q2 – 2024 | Q3 – 2024 | Q4 – 2024 | Q1 – 2025 | Q2 – 2025 | Q3 – 2025 | Q4 – 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Canada | $368,936 | $371,063 | $363,654 | $325,612 | $320,298 | $314,540 | $338,522 | $327,899 | $323,537 | $332,825 | $349,364 | $343,271 | $356,831 | $350,281 | $360,986 | $360,597 |
| Edmonton | $315,215 | $320,881 | $322,497 | $297,928 | $286,808 | $287,070 | $298,909 | $286,283 | $293,116 | $297,020 | $306,710 | $304,617 | $306,034 | $312,019 | $324,077 | $323,987 |
Scheduled monthly payments have been trending downward throughout 2025, reaching the average of $1,845 in Edmonton by the end of Q4 2025.
| Q1 – 2022 | Q2 – 2022 | Q3 – 2022 | Q4 – 2022 | Q1 – 2023 | Q2 – 2023 | Q3 – 2023 | Q4 – 2023 | Q1 – 2024 | Q2 – 2024 | Q3 – 2024 | Q4 – 2024 | Q1 – 2025 | Q2 – 2025 | Q3 – 2025 | Q4 – 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $1,498 | $1,583 | $1,738 | $1,768 | $1,803 | $1,765 | $1,844 | $1,868 | $1,926 | $1,871 | $1,885 | $1,844 | $1,814 | $1,820 | $1,861 | $1,845 |
When you buy a property in Edmonton, you must pay a tax to the government after the transaction is completed. The amount you pay depends on the value of your property, but almost always forms the largest portion of your closing costs.
Edmonton does not charge a land transfer tax. That said, you will be charged a property registration fee.
The property registration fee has two components:
Your total registration fee is the above two fees added together. 20% down payment is assumed in the calculations.
Mortgage term: A mortgage term is the length of time homeowners are committed to their lender and interest rate. When the term ends, you can renew your contract at a new rate. Mortgage terms can range from six months to 10 years in Canada, but the most popular term is five years.
Amortization period: The amortization period is the total amount of time it will take you to pay off your mortgage loan’s principal, plus the interest. In Canada, the maximum amortization period is 35 years. If your down payment is less than 20% of the total price of the home and you’re required to purchase CMHC mortgage insurance, your maximum amortization period is 25 years.
In addition to choosing a mortgage term, amortization period and between a fixed or variable rate mortgage, Edmonton buyers will also need to decide between two types of mortgage payment structures: open or closed.
If you’re house hunting in Alberta, securing a low Edmonton mortgage rate is one great way to save money on your mortgage. However, it’s one of many things you can do to increase the overall affordability of your mortgage. Some of these features might include prepayment privileges and portability.
LowestRates.ca works with top banks and brokers to bring you low Edmonton mortgage interest rates from lenders across Canada. All you have to do is answer a few questions, and in minutes you’ll be provided with today’s mortgage rates for Edmonton. There’s no obligation, but you can choose to speak with our broker partner to secure your best rate and see if you're eligible for more savings.
Yes, it’s safe — you no longer need to visit a bank branch or mortgage broker’s office in person to apply for a mortgage. It’s becoming increasingly common for Canadians to apply for mortgages online. LowestRates.ca only works with reputable, trustworthy financial institutions. We take care of the heavy lifting by comparing the market for you, and can connect you with the best mortgage lenders not only in Edmonton, but across the country.
We have a strong selection of lenders on LowestRates.ca from the big banks to many independent providers, including mortgage companies in Edmonton. This ensures we’re always finding you the best rate out there. Even if you’re not ready to commit to anything, you can use our site as a starting point for research (it’s totally free, and you’re under no obligation).
The better informed you are, the more likely you'll negotiate a better deal for yourself. And, really, that’s what we care about the most.
Taras Trofimov
About the Author
Taras is the Content Manager for LowestRates.ca. He has produced thought leadership content for organizations like Constellation Software, Facebook and Yellow Pages as well as outlets like The Globe and Mail, Autoblog and MSN Autos.
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