Alberta

Best mortgage rates in Alberta: compare today's fixed and variable offers

Compare today's best mortgage rates in Alberta for purchases, renewals, refinances, and home equity scenarios. See indicative fixed and variable offers, what type of borrower typically qualifies, and when a lower rate may come with trade-offs in penalties, portability, or flexibility.

Rates updated daily · Displayed rates are indicative and may change based on down payment, insurance status, property type, and borrower profile.

Live rates

Alberta mortgage rates

Transaction

Purpose

Province

Purchase price

Down payment

$ 20%

Amortization

Term

Fixed

Variable

Current market rates are shown below as a quick reference. For a personalized quote based on your details, contact us or review our current Ontario rates overview.

Typical Canadian mortgage rates - Ontario, owner-occupied purchase (indicative, updated regularly)
Term	Fixed rate	Variable rate	Note
1 year	~4.69%	-	Short commitment
2 year	~4.39%	-	Rate reset opportunity
3 year	~3.94%	~3.55%	Mid-term flexibility
4 year	~4.39%	-
5 year	~4.04%	~3.44%	Most popular term

Rates are indicative and change daily. Speak with a Frank advisor for live lender pricing tailored to your profile.

Rates are from our lender network and shown for informational purposes only. Your actual rate depends on your borrower profile and selected product. Speak with a Frank advisor for a personalized quote.

Programs

Alberta first-time buyer programs

First Home Savings Account (FHSA)

Contribute up to $8,000/year (lifetime max $40,000). Tax-deductible contributions; tax-free withdrawals for a qualifying first purchase. A great tool for Alberta buyers saving for their down payment.

RRSP Home Buyers' Plan (HBP)

Withdraw up to $60,000 tax-free from your RRSP ($120,000 for two buyers) toward a first purchase. Repay over 15 years or the withdrawn amount is added to your income.

No Land Transfer Tax

Alberta buyers save thousands compared to other provinces. On a $600,000 home, you pay only the title registration fee versus up to $8,000+ in land transfer tax elsewhere.

Closing costs

Alberta title transfer & mortgage registration fees

Alberta does not charge a land transfer tax. Instead, two small administrative fees apply based on property value and mortgage amount.

Alberta has no land transfer tax

Alberta buyers pay only two small administrative fees - a fraction of the cost in provinces like Ontario or BC.

Fee type	Base	Additional
Transfer of Land registration fee	$50	+ $2 per $5,000 of property value
Mortgage registration fee	$50	+ $1.50 per $5,000 of mortgage amount

On a $600,000 purchase with a $480,000 mortgage, total title and mortgage fees are approximately $960 - compared to $8,000+ in land transfer tax in Ontario.

FAQ

Alberta mortgage rate - common questions

Does Alberta have a land transfer tax?

No. Alberta is one of only two provinces (along with Saskatchewan) that does not charge a land transfer tax. Instead, you pay a small Transfer of Land registration fee and a Mortgage Registration fee. Both are based on property and mortgage values, totaling a few hundred dollars on a typical purchase.

How do I get the best mortgage rate in Alberta?

Work with a mortgage broker who shops multiple lenders. Keep credit above 680, minimize debts, and have a strong down payment. Frank is licensed in Alberta and charges no fee on prime mortgages.

Does Frank charge a fee for Alberta mortgages?

No. Frank charges $0 for prime (A-lender) mortgages and alternative (B-lender) mortgages in Alberta. Frank is compensated by the lender. We only charge fees when a private mortgage is necessary.

Related resources

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