Best Mortgage Rates in Calgary

Compare fixed and variable mortgage rate offers from the best banks and alternative lenders in Calgary.

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Currently showing: fixed & variable rate mortgages in Alberta for 1, 2, 3, 4, 5 year terms

Homewise Mortgage Disclaimer:These rates do not include taxes, fees, and insurance. Your actual rate and loan terms will be determined by the partner's assessment of your creditworthiness and other factors. Any potential savings figures are estimates based on the information provided by you and our advertising partners. Mortgage Brokerage Licensed in ON #12984, BC #X301004, MB and AB. Homewise can pursue mortgage brokering activity in SK, NL, NS and NB.

Calgary mortgage rate update: December 2025

Written by Clay Jarvis

Lead Writer & Spokesperson

Written by Clay Jarvis

Lead Writer & Spokesperson

December should be a month of stability for mortgage rates in Alberta.

On December 10, the Bank of Canada decided to hold its overnight rate at 2.25%. The overnight rate directly impacts variable mortgage rates, so the Bank's rate hold means nothing changes for home buyers.

Variable mortgage rates will stay at their current levels until at least January 28, 2026, when the Bank is scheduled to make its first rate decision of next year.

Until then, the lowest variable mortgage rates in Alberta will hover around 3.5%.

Fixed mortgage rates aren’t likely to move much this month, either. Government bond yields, which determine fixed rates, haven’t shifted much in the last several weeks. Without a sustained rise or fall in bond yields, there’s no reason for lenders to significantly adjust their fixed rates.

Unless the bottom drops out of the economy, the lowest fixed rates in Canada Alberta should hover around 3.7% for the rest of the year.

What's a good mortgage rate in Calgary right now?

As of November 2025, some Calgary lenders are offering variable mortgage rates for around 3.5% and fixed rates around 3.7% on certain home purchases.

2025 Calgary mortgage rate forecast

If the Bank of Canada lowers its overnight rate before the end of 2025, variable mortgage rates will also decrease. Fixed mortgage rates will likely continue hovering between 3.75% and 4.25% for much of the year.

Calgary housing market update

The Calgary housing market continued losing steam in September. Sales were down almost 6% year-over-year, with condos and row houses showing the biggest decreases.

Buyers in the city had a ton of inventory to choose from. Compared to September 2024, new listings were up 7.4% while active listings, those still on the market at the end of the month, increased by 17%

The increased inventory had a predictable effect on prices. The average price of detached homes ($579,099), row houses ($372,266) and condos ($281,042) all dipped slightly year-over-year.

Land transfer taxes in Calgary

Home value

Mortgage value

$4,475.00Estimated land transfer tax

Alberta charges two fees: one to process the transfer of the property title and another to register your mortgage.

You'll pay $50 plus an additional $2 per $5,000 of the property's purchase price for the title transfer.
For the mortgage registration, you'll pay $50 plus $1.50 for each $5,000 of your mortgage amount.

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Frequently asked questions

How do Calgary lenders determine mortgage rates?

The mortgage rate you’re offered in Calgary will be based on two primary factors; one based on the state of the economy and one based on your financial situation.

Economic factors

Variable mortgage rates are influenced by the Bank of Canada’s overnight rate. When the overnight rate increases or decreases, a lender’s prime rate follows suit. Variable mortgage rates are based on a lender’s prime rate, so as the prime rate rises or falls, so do variable rates.

Fixed mortgage rates are determined by activity in the government bond market, particularly the yields on one-, three- and five-year bonds. Fixed mortgage rates follow the movement of those yields.

Your financial situation

Factors specific to you also affect the rates you’re offered. These include:

Your credit score.
Your income.
Your total debts.
The loan type you choose.
The amount you’re borrowing.
The term length and amortization period of your loan.

Lenders look for signs of risk when assessing these aspects of your finances. The riskier they perceive you to be as a borrower, the higher the rate they’re likely to offer you.

Will mortgage rates come down in 2025?

The Bank of Canada overnight rate has been unchanged since March. If the bank lowers the rate, lower variable mortgage rates will follow. Fixed mortgage rates will likely continue hovering between 3.75% and 4.25% for much of the year.

How do you qualify for a lower mortgage rate in Calgary?

While some factors that affect rates are beyond your control, there are things you can do to encourage lenders to offer you the best mortgage rates. For example, you can:

Improve your credit score. To start, pay down any outstanding debt and pay off every bill in full.
Increase your income. This isn’t always easy, but any additional income will improve your financial position.
Decrease your total debts. Lenders consider your total debt load when determining the details of your loan.
Consider all your options. See if adjusting the loan type, the term length or the amortization period of your loan could help.