Alberta Mortgage Rates & Home Buying Guide
Alberta combines affordable home prices with no land transfer tax, making it one of the most cost-effective provinces to buy in. Calgary and Edmonton offer big-city amenities without big-city price tags.
Last updated: May 2026
Strong value relative to Ontario and BC; Calgary leads demand.
- Calgary
- Edmonton
- Red Deer
- Lethbridge
- Airdrie
No land transfer tax. Buyers pay only modest land title and mortgage registration fees (a few hundred dollars).
No provincial LTT means lower closing costs. Federal FHSA, RRSP HBP, and the $1,500 tax credit still apply.
What to Know About Buying in Alberta
No land transfer tax — significantly lower closing costs.
Relatively affordable prices with strong income levels.
Calgary has seen rapid population and price growth.
Mortgage rates in Alberta are set nationally by Canada's major banks and lenders, then adjusted for your down payment, credit, and whether your mortgage is insured. The Bank of Canada's policy rate drives variable rates, while fixed rates track government bond yields.
To get the best rate in Alberta, compare offers from multiple lenders, consider both fixed and variable options, and remember that insured (high-ratio) mortgages often carry lower rates because they're CMHC-backed.
See live rates from RBC, TD, BMO, Scotiabank, CIBC and more on our Canadian bank rates page, updated with the latest Bank of Canada prime rate.
Related guides
Calculate Your Alberta Mortgage
Model your monthly payment and estimate your land transfer tax for Alberta.