The Best Current Mortgage Rates in Calgary

The best mortgage rates in Calgary, Alberta from major banks, credit unions and brokers.

Today's Best Mortgage Rates in Calgary, Alberta

Evaluate Calgary’s best mortgage rates in one place. You can compare the most current mortgage rates and monthly payments from 175+ banks and lenders across Alberta.

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Rate Type

Term

Mortgage Amount

Amortization

Purpose

Rates are based on an average mortgage of $500,000 and subject to change based on filter criteria.

Lender	Insured	Insurable	Uninsured
Mortgageline Inc.	3.45% $2,483.17 / month	3.65% $2,536.10 / month	3.45% $2,483.17 / month
MMG Mortgages	3.55% $2,509.57 / month	3.60% $2,522.81 / month	3.55% $2,509.57 / month
Verico MortgagePal Inc.	3.55% $2,509.57 / month	3.60% $2,522.81 / month	3.55% $2,509.57 / month
ATB Financials	3.65% $2,536.10 / month	3.65% $2,536.10 / month	3.65% $2,536.10 / month
City Wide Financial Corp	3.84% $2,586.91 / month	3.84% $2,586.91 / month	3.84% $2,586.91 / month
Dominion Lending Centres	3.9% $2,603.07 / month	3.9% $2,603.07 / month	3.9% $2,603.07 / month
Alterna Savings	3.94% $2,613.86 / month	3.94% $2,613.86 / month	3.94% $2,613.86 / month
Mortgage Centre	3.94% $2,613.86 / month	3.94% $2,613.86 / month	3.94% $2,613.86 / month
First Foundation	4.09% $2,654.55 / month	4.09% $2,654.55 / month	4.09% $2,654.55 / month
Laurentian Bank Canada	4.09% $2,654.55 / month	4.09% $2,654.55 / month	4.09% $2,654.55 / month
CIBC	4.19% $2,681.85 / month	4.19% $2,681.85 / month	4.19% $2,681.85 / month
DLC Brokers for Life	4.19% $2,681.85 / month	4.19% $2,681.85 / month	4.19% $2,681.85 / month
Mortgage Alliance	4.19% $2,681.85 / month	4.19% $2,681.85 / month	4.19% $2,681.85 / month
First National Financial	4.3% $2,712.04 / month	4.3% $2,712.04 / month	4.3% $2,712.04 / month
connectFirst	4.44% $2,750.71 / month	4.44% $2,750.71 / month	4.44% $2,750.71 / month
Canada Mortgage Direct	5.24% $2,976.71 / month	5.24% $2,976.71 / month	5.24% $2,976.71 / month
CMLS	6.99% $3,498.99 / month	6.99% $3,498.99 / month	6.99% $3,498.99 / month
Nesto	3.5% $2,496.35 / month	3.5% $2,496.35 / month	3.5% $2,496.35 / month
Royal Bank of Canada	4.45% $2,753.48 / month	4.45% $2,753.48 / month	4.45% $2,753.48 / month
Servus Credit Union	6.094% $3,227.02 / month	6.094% $3,227.02 / month	6.094% $3,227.02 / month
Motusbank	6.69% $3,406.91 / month	6.69% $3,406.91 / month	6.69% $3,406.91 / month

Written By Shivani Kaul

Content manager

Updated October 19, 2026

How much down payment do you need to buy a home in Calgary?

On a $640,000 home in Calgary, the minimum down payment would be $39,000. This example is rounded from the city's August 2026 average selling price of $638,440.

Calgary follows Canada's minimum down payment requirements: 5% on the first $500,000 and 10% on the remaining portion for homes priced below $1.5 million. Homes priced at $1.5 million or more require at least 20% down.

Minimum down payment calculation: $25,000 on the first $500,000 + $14,000 on the remaining $140,000 = $39,000.

Here's how different down payments would change the amount you need to borrow.

Down payment options on a $640,000 Calgary home

Down payment option	Down payment amount	Mortgage amount*	Mortgage default insurance
Minimum required (~6.1%)	$39,000	$601,000	Typically required
10%	$64,000	$576,000	Typically required
20%	$128,000	$512,000	Typically not required

*Mortgage amounts exclude any mortgage default insurance premium.

Putting down 20% instead of the minimum means saving another $89,000 upfront. It also reduces your mortgage by the same amount, before insurance.

With less than 20% down, you'll typically need mortgage default insurance. It protects the lender, and the premium can usually be added to your mortgage.

What should you know before getting a mortgage in Calgary?

When buying a home in Calgary, you'll need money for closing costs as well as your down payment. Alberta charges land title transfer and mortgage registration fees, so include both in your budget before deciding how much of your savings to put down.

Your lawyer can help you work out the amount you'll need to complete the purchase. Ask for an estimate that includes:

Property registration fees: You'll pay to register the home in your name and a separate charge to register your mortgage. The amounts depend on the property value and the mortgage amount registered.
Legal fees: Ask for an itemized quote that separates the lawyer's fee from registration costs, taxes and other expenses.
Home inspection and appraisal: Get an inspection quote if you plan to arrange one, and ask your lender whether an appraisal is required and who pays for it.
Title insurance: Check with your lawyer whether it's needed and whether the premium is included in your closing estimate.
Property tax adjustments: You may need to reimburse the seller for property taxes they've already paid that cover the period after you take possession.
Mortgage default insurance: Generally required if your down payment is below 20%. The premium can usually be added to your mortgage, which adds to the balance you'll repay.

Estimated registration fees on a $640,000 Calgary home

For illustration, a $640,000 home with a $512,000 registered mortgage and one title would have the following registration charges.

Registration charge	Calculation	Estimated fee
Land title transfer	$50 + (128 × $5)	$690
Mortgage registration	$50 + (103 × $5)	$565
Total	Both registration charges	$1,255

The $1,255 total covers these two registration charges only. Legal fees, inspection costs and any closing adjustments would be additional.

Under Alberta's land registration fee schedule, each charge is $50 plus $5 for every $5,000 of value, or part of that amount. The mortgage calculation rounds $512,000 up to 103 units of $5,000. Your lawyer can confirm the final fees if your lender registers a different mortgage amount or the purchase involves additional titles.

Planning your monthly budget in Calgary: The city's Tax Instalment Payment Plan (TIPP) lets you pay your property taxes through monthly bank withdrawals with no extra fees. You still pay the same annual tax amount, but spreading it out may make it easier to manage alongside your mortgage payments. Check whether your lender will collect property taxes before arranging separate payments.

If you're buying a newly built home, ask the builder whether GST is included in the advertised price and whether that price assumes you'll receive a rebate. Confirming the full purchase cost early will help you plan the amount you need at closing.

Average loan amount in Calgary

Period	Canada average mortgage loan	Calgary average mortgage loan	Changes from previous quarter	Change from same quarter last year
2025Q4	$360,597	$382,514	-2.68%	+2.21%
2025Q3	$360,986	$393,044	+3.83%	+3.20%
2025Q2	$350,281	$378,543	+0.61%	+4.48%
2025Q1	$356,831	$376,242	+0.53%	+9.88%
2024Q4	$343,271	$374,244	-1.73%	+4.87%
2024Q3	$349,364	$380,842	+5.11%	+6.52%
2024Q2	$332,825	$362,325	+5.81%	+6.79%
2024Q1	$323,537	$342,422	-4.05%	+3.41%
2023Q4	$327,899	$356,871	-0.19%	+5.99%
2023Q3	$338,522	$357,544	+5.38%	-3.68%
2023Q2	$314,540	$339,294	+2.46%	-7.50%
2023Q1	$320,298	$331,144	-1.65%	-6.78%
2022Q4	$325,612	$336,701	-9.29%	-4.62%
2022Q3	$363,654	$371,199	+1.19%	-
2022Q2	$371,063	$366,817	+3.26%	-
2022Q1	$368,936	$355,228	+0.63%	-
2021Q4	$355,907	$352,994	-	-

Rates are based on an average mortgage of $500,000 and subject to change based on filter criteria.

Updated 11:03 on Oct 29, 2026

Placeholder	Insured The rates in this column apply to borrowers who have purchased mortgage default insurance. This is required when you purchase a home with less than a 20% down payment. The home must be owner-occupied and the amortization must be 25 years or less.	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 The rates in this column apply to purchases over $1 million, refinances and amortizations over 25 years. More info on the differences between insured and uninsured rates.	Bank Rate Bank Rate is the mortgage interest rate posted by the big banks in Canada.
1-year fixed rate	4.64%	4.79%	4.79%	4.99%	4.99%
2-years fixed rate	3.99%	4.29%	4.29%	4.44%	4.53%
3-years fixed rate	3.89%	3.94%	3.90%	3.90%	4.39%
4-years fixed rate	3.99%	4.24%	4.24%	4.39%	4.44%
5-years fixed rate	3.69%	3.94%	3.69%	3.69%	4.19%
7-years fixed rate	4.89%	4.89%	5.00%	4.89%	5.00%
10-years fixed rate	5.24%	5.24%	5.34%	5.24%	6.09%
3-years variable rate	3.90%	4.05%	3.90%	3.90%	5.95%
5-years variable rate	3.45%	3.70%	3.50%	3.50%	4.24%
HELOC rate	N/A	N/A	N/A	N/A	N/A
Stress Test	5.45%	5.45%	5.45%	5.50%	N/A

Should you choose a fixed or variable mortgage rate?

A fixed-rate mortgage keeps the same interest rate for the length of your term. A variable-rate mortgage changes when your lender's prime rate changes. Fixed gives you payment certainty. Variable can start lower, but your costs can rise.

The Bank of Canada's policy rate is 2.50%, after a 25 basis point increase at its October 28, 2026 announcement. It was the first rate hike since 2023, following seven consecutive holds at 2.25%. Lenders use their prime rate as the benchmark for variable-rate mortgages, and major banks are expected to raise prime from 4.45% to 4.70%. Your actual rate is set as a discount or premium to prime, so it won't match the Bank of Canada rate. The next announcement is scheduled for December 9, 2026, and the Bank has said further increases may be needed.

For example, using the lowest 5-year insured rates in the Rate Matrix above:

Comparison	Fixed mortgage	Variable mortgage
Starting mortgage rate	3.69%	3.45%
How the rate is set	Locked in when you sign	Prime (4.45%) minus 1.00%
What happens if the Bank of Canada raises rates?	Fixed rate stays at 3.69% for the term	Variable rate may increase
What happens if the Bank of Canada lowers rates?	Fixed rate stays at 3.69% for the term	Variable rate may decrease

Rate change example

What if rates rise by 0.50%?

If the Bank of Canada raised its policy rate by 0.50 percentage points and lenders raised prime by the same amount, prime would go from 4.45% to 4.95%. A variable rate set at prime minus 1.00% would rise from 3.45% to about 3.95%.

The example below assumes a variable-rate mortgage with payments that adjust when the interest rate changes. With a fixed-payment variable mortgage, a rate increase may instead mean more of your payment goes toward interest and less toward paying down your mortgage.

On a $500,000 mortgage with a 25-year amortization, that is roughly $2,483 per month at 3.45% and $2,617 per month at 3.95%, about $134 more each month. The 3.69% fixed rate would stay at about $2,547 per month.

The variable-rate borrower could pay more if rates rise, but could also save money if rates stay low or fall. Fixed rates don't change during the term, but you may face a different rate at renewal.

Which one suits you?

Fixed may suit you if you want predictable payments and have a tight monthly budget.
Variable may suit you if you can handle payment changes and want to benefit if rates fall.

Learn more: Fixed vs. variable mortgages. Compare today's 5-year fixed and 5-year variable rates.

This example is for illustration only. Payments are estimates. Mortgage rates vary by lender, borrower, mortgage type and eligibility.

What happens when you renew your mortgage in Calgary?

When your mortgage term ends, you can negotiate with your current lender or switch to another lender if you qualify. Start comparing a few months before renewal so you have time to weigh your options.

Ask your current lender for a better offer: Use competing quotes to discuss the rate and terms.
Compare the full cost of switching: Ask about legal, appraisal, discharge and registration charges, and whether the new lender will cover any of them.
Review your plans: Consider whether you want to make extra payments, move during the next term or change your payment schedule.

You're not required to accept your lender's first renewal offer. A little comparison shopping can help you decide whether staying or switching makes more sense for your budget.

For an uninsured mortgage moving between federally regulated lenders at renewal, OSFI no longer requires its prescribed stress-test rate for an eligible straight switch. Your loan amount and remaining amortization must not increase, and the new lender still needs to approve your application.

Read more: Mortgage Renewal Guide

How does mortgage refinancing work in Calgary?

Mortgage refinancing replaces your existing mortgage and can let you borrow against your home equity. For a standard refinance, you can generally borrow up to 80% of your home's appraised value, subject to approval.

The amount available depends on your property's current value and what you already owe against it. Your loan-to-value ratio helps determine how much room you have to borrow.

How much equity could you access from a Calgary home?

Suppose your Calgary home is appraised at $640,000 and you owe $400,000, with no other loans secured against it.

Example	Amount
Appraised home value	$640,000
80% of home value	$512,000
Existing mortgage balance	$400,000
Potential additional borrowing before costs	$112,000

In this example, you could potentially borrow another $112,000 before costs. Your lender will still need to assess your application, and legal, appraisal and any mortgage registration charges will affect the overall cost.

Ask for a full cost estimate, including any penalty for ending your current mortgage early, before deciding whether refinancing fits your plans.

Considering refinancing? Compare mortgage rates in Calgary to see what rates are available.

Frequently asked questions about mortgages in Calgary

Got more questions about getting a mortgage in Calgary? We got you covered.

Why might the Calgary mortgage rate I qualify for differ from the advertised rate?

The rate you qualify for depends on your financial profile and the conditions attached to the advertised offer. Your credit history, mortgage term, rate type and eligibility for discounts can affect the lender’s offer. When comparing Calgary mortgage rates, use the same borrowing details and ask whether you meet each offer’s requirements. Check the fees, prepayment options and restrictions alongside the interest rate.

Are Calgary mortgage rates higher than rates in Edmonton or other Alberta cities?

Do not assume a Calgary mortgage will have a higher interest rate simply because the home costs more. Mortgage pricing depends on the lender, the product and your financial circumstances. Compare quotes using the same mortgage amount, term, rate type and borrower information to make a meaningful comparison between cities. A higher purchase price may mean borrowing more, but that is different from paying a higher interest rate.

How does the mortgage stress test affect how much I can borrow in Calgary?

The mortgage stress test assesses your ability to afford payments at a rate above your actual contract rate, which can limit the amount you qualify to borrow. For a new mortgage with a federally regulated lender, the qualifying rate is generally the higher of 5.25% or your contract rate plus two percentage points.

For example, a 4% mortgage rate means qualifying at 6%. Your regular mortgage payments use the 4% contract rate, but the lender uses the higher qualifying payment when assessing affordability. Include the property’s taxes, heating costs and your existing debts when estimating your Calgary home buying budget.

Can I get a 30-year mortgage amortization when buying a newly built home in Calgary?

Yes. Eligible buyers of newly built homes can qualify for an insured mortgage with a 30-year amortization, even if they are not first-time buyers. Eligible first-time buyers can also access a 30-year insured amortization when purchasing a resale home. You must still meet the lender’s and mortgage insurer’s requirements.

Spreading repayment over 30 years instead of 25 reduces regular payments for the same mortgage amount and interest rate, but means paying more interest overall. When comparing financing for a Calgary new build, ask for both amortization options so you can weigh the monthly payment against the total borrowing cost.

Shivani Kaul, Content manager

Shivani is a Content Manager at Rates.ca, focusing on mortgages. She is an experienced communication and marketing professional who specializes in content strategy and SEO optimization. Shivani ensures that our written materials meet the highest standards of quality and relevance.

She holds a Digital Marketing Management certificate from the University of Toronto, a Business Communications certificate from the University of British Columbia, a Masters degree in Mass Communication from Symbiosis Institute of Media and Communications and a Bachelor's degree in English from the University of Delhi.

Shivani has previously worked as a deputy digital productions editor with PMNA-The Canadian Press, and as an editor with The Globe and Mail, Toronto Star, and the Investor's Digest of Canada. She has also worked in reputed news media groups in India and the Middle East.