Current Mortgage Rates Alberta: Lowest 3.84% Fixed

Alberta borrowers hunting for a mortgage rate face a wider spread than most expect. Butler Mortgage, a broker, is offering 5-year fixed rates at 3.84%, while TD’s posted rate sits at 6.09%—a full 2.25 percentage points apart. If you’re renewing in 2026 or buying your first home here, the lender you choose matters more than most people realize. Here’s where the rates actually stand today and what the Bank of Canada is signaling for the next two years.

Lowest 5-year fixed rate: 4.04% ·
Lowest variable 5-year rate: 3.35% ·
Average mortgage loan Q3 2023: $310,000 ·
5-year fixed as low as: 3.84% ·
Overnight rate early 2023: 4.75%

Seven lenders, two categories of rates, and a gap that could cost you $30,000 over five years. Here’s how the current Alberta mortgage landscape breaks down across the Big 6 banks and leading brokers.

The pattern: broker rates consistently undercut the Big 6 by 0.5% to 1.5%, and insured mortgages are cheaper than uninsured across every lender. Comparing three sources before signing is the minimum smart move.

What is the mortgage rate today in Alberta?

As of late March 2026, the best 5-year fixed mortgage rate in Alberta is 4.19% from CIBC, according to Ratehub.ca. Butler Mortgage undercuts that with an insured rate of 3.84%, per WOWA.ca. Nationally, the lowest available 5-year fixed is 4.04%, and the Canadian average sits at 4.82%, according to nesto.ca. The prime rate is 4.45%, keeping variable options stable, and 5-year bond yields hover around 3.0%, per Ratehub.ca.

TD Canada Trust rates

TD’s 5-year fixed mortgage carries an APR of 4.961% against a posted rate of 6.09%, according to TD Canada Trust. Even the discounted rate sits above the broker best-trees.

RBC rates

RBC offers the lowest 5-year variable rate in Alberta at 3.65%, per Ratehub.ca. Their 5-year fixed uninsured rate is 4.62%, against a posted rate of 6.12%, per NerdWallet Canada.

Scotiabank rates

Scotiabank publishes posted rates consistent with other Big 6 lenders. Specific discounted rates for Alberta require direct inquiry or broker access—the spread is typically 0.5% to 1.0% below posted.

The implication: Albertans who walk into a Big 6 branch without comparing broker rates are likely overpaying by thousands per year.

Are mortgage rates in Alberta expected to go down?

Variable mortgage rates are expected to remain stable until at least mid-2026, according to Mortgage Sandbox. The Bank of Canada held its policy rate at 2.25% in December 2027, and RBC forecasts that benchmark will stay at 2.25% through the end of 2026 before rising to 3.25% by the end of 2027, per True North Mortgage. Fixed mortgage rates will likely remain stable but may inch up if bond yields rise, and further BoC cuts appear less likely if inflation resurfaces, according to Ratehub.ca.

Forecasts for 2026-2030

RBC’s forecast calls for the BoC rate at 2.25% through 2026, climbing to 3.25% by end of 2027, per True North Mortgage. That would put upward pressure on fixed rates heading into 2028. Bond yields are already hovering around 3.0%, and 5-year fixed rates reflect those yields closely.

Predictions from nesto.ca

nesto.ca projects the policy rate near 2.25% through 2026, but acknowledges that further cuts are off the table and rate hikes later in 2026 are back in play if inflation picks up, per nesto.ca. January 2026 GDP was barely positive and unemployment remains elevated—both argue against hikes—but U.S. inflation trends create two-way pressure, per True North Mortgage.

What this means: borrowers renewing in 2026 should lock in a rate now if they want payment certainty. Those willing to gamble on future drops should consider shorter terms or variable products—but the upside is limited.

What is the payment on a $400,000 mortgage at 7%?

At 7% on a $400,000 mortgage amortized over 25 years, the monthly payment runs roughly $2,811. At today’s best 5-year fixed rate of 3.84%, that same loan costs about $2,050 per month—a difference of $761 monthly, or $45,660 over five years, per WOWA.ca’s mortgage calculator.

Calculations for different rates

Monthly payment estimates for a $400,000 mortgage over 25 years at various rates:

• At 3.84% (Butler Mortgage best rate): ~$2,050/month
• At 4.04% (lowest nationally available): ~$2,080/month
• At 4.82% (Canadian average): ~$2,250/month
• At 5.50% (mid-range Big 6 discounted): ~$2,450/month
• At 7.00% (refinancing scenario): ~$2,811/month

Alberta calculator tools

Use Ratehub.ca’s calculator or WOWA.ca’s calculator to input your actual loan amount, amortization, and rate. Both tools account for Canadian mortgage conventions including semi-monthly or accelerated payment options.

The trade-off: a $400,000 mortgage at 3.84% versus 5.50% costs $34,200 more in interest over 25 years. The rate you lock in today echoes through the life of the loan.

How to get a 4% interest rate on a mortgage?

The best 5-year fixed rates in Alberta already dip below 4%—Butler Mortgage offers 3.84% for insured mortgages, per WOWA.ca. Hitting 4% or better requires using a broker comparison tool or negotiating directly with a lender, and anyone shopping for a mortgage rate should strongly consider getting a pre-approval and rate hold to secure access to current pricing for up to 120 days, per Ratehub.ca.

Tips for 2026 rates

• Start comparing at Ratehub.ca or WOWA.ca—they aggregate 30+ lenders
• Use a mortgage broker who can access wholesale rates not publicly advertised
• Get rate holds in place 90-120 days before renewal to lock in current pricing
• Negotiate with your existing lender using competing offers as leverage
• Consider insured mortgages if your down payment is under 20%—rates are lower

Compare Alberta lenders

Key factors beyond the rate: prepayment privileges, portability, and penalty calculation methods. Some lenders calculate penalties as three months’ interest, while others use the interest rate differential (IRD) formula, which can be substantially higher. Broker-led lenders often have more flexible terms than the Big 6.

The upshot: Albertans who spend 20 minutes comparing rates could save $30,000 or more over five years. The effort is worth it.

Should I fix for 3 or 5 years?

The choice between a 3-year and 5-year fixed term hinges on your risk tolerance and expectations for rate movements. Current best rates show 1-year fixed at 4.74% (CIBC), 2-year fixed at 4.29% (Simplii Financial), and 5-year fixed at 3.84% (Butler Mortgage), per WOWA.ca. Variable rates are also competitive—the best 5-year variable is 3.40% from nesto, per WOWA.ca. Many borrowers renewing mortgages in 2026 will face higher monthly payments than their original terms, per nesto.ca.

Pros and cons of terms

Options: 2, 3, 5, 10 years

Canada’s average 5-year fixed conventional mortgage rate is 4.82%, per nesto.ca. At 4.04%, you’re already below the national average. A 5-year term at that rate locks in below-average pricing through 2031—a reasonable hedge given RBC’s forecast for a rising rate environment by 2027.

Why this matters: Alberta borrowers renewing in 2026 need to choose between protecting against future rate hikes now or gambling that rates will drop. Given the BoC forecast, betting on lower rates is a risk.

Summary

Current mortgage rates in Alberta span from 3.84% at Butler Mortgage to TD’s posted 6.09%, and the spread between them is money left on the table for borrowers who don’t comparison shop. Fixed rates look stable through mid-2026, but RBC forecasts the BoC rate rising to 3.25% by the end of 2027—pushing fixed rates higher heading into 2028. Variable rates are at historic lows (3.40% from nesto) and are expected to stay stable until mid-2026, per Mortgage Sandbox. For Alberta homeowners renewing in 2026, the choice is clear: compare at least three lenders or brokers before signing, or risk paying $30,000 more than necessary over your next five-year term.