Alberta Mortgage Payments
Mortgage rates, average home prices, and payment calculations for Alberta (AB). Updated for 2026.
Monthly Payment
$2,363.12
at 4.29% fixed
Avg. Home Price
$470,000.00
Best Fixed Rate
4.29%
Best Variable Rate
3.95%
Current Mortgage Rates in Alberta
| Rate Type | Posted Rate | Best Available | Discount |
|---|---|---|---|
| 5-Year Fixed | 6.49% | 4.29% | -2.20% |
| 5-Year Variable | 5.45% | 3.95% | -1.50% |
Rates are approximate and updated periodically. Always confirm with your lender.
Mortgage on the Average Alberta Home
$470,000.00 home with 10% down ($47,000.00) at 4.29% over 25 years
Payment Frequency Comparison
How different payment schedules affect your mortgage at 4.29%
| Frequency | Payment | Total Interest | Total Cost | Interest Saved |
|---|---|---|---|---|
| Monthly | $2,363.12 | $272,821.83 | $708,934.83 | -- |
| Bi-Weekly | $1,090.67 | $272,821.83 | $708,934.83 | $0.00 |
| Accelerated Bi-Weekly | $1,181.56 | $331,899.74 | $768,012.74 | -$59,077.90 |
Fixed vs. Variable Rate
Monthly payment comparison for $470,000.00 home with 10% down
| Rate Type | Rate | Monthly Payment | Total Interest (25 yr) | Difference |
|---|---|---|---|---|
| 5-Year Fixed | 4.29% | $2,363.12 | $272,821.83 | -- |
| 5-Year Variable | 3.95% | $2,282.24 | $248,558.08 | $80.88/mo less |
Property Costs in Alberta
Excludes utilities, home insurance, and maintenance. Property tax based on 0.68% average rate.
Mortgage Payments Across Canada
Average home with 10% down, 25-year amortization at best available fixed rate
| Province | Avg. Home Price | Rate | Down (10%) | Monthly Payment |
|---|---|---|---|---|
| Newfoundland and Labrador (NL) | $280,000.00 | 4.39% | $28,000.00 | $1,422.14 |
| New Brunswick (NB) | $310,000.00 | 4.29% | $31,000.00 | $1,558.65 |
| Saskatchewan (SK) | $315,000.00 | 4.29% | $31,500.00 | $1,583.79 |
| Manitoba (MB) | $355,000.00 | 4.29% | $35,500.00 | $1,784.91 |
| Prince Edward Island (PE) | $370,000.00 | 4.39% | $37,000.00 | $1,879.26 |
| Northwest Territories (NT) | $380,000.00 | 4.49% | $38,000.00 | $1,949.60 |
| Nova Scotia (NS) | $420,000.00 | 4.29% | $42,000.00 | $2,111.72 |
| Nunavut (NU) | $420,000.00 | 4.59% | $42,000.00 | $2,176.53 |
| Alberta (AB) | $470,000.00 | 4.29% | $47,000.00 | $2,363.12 |
| Quebec (QC) | $510,000.00 | 4.29% | $51,000.00 | $2,564.23 |
| Yukon (YT) | $530,000.00 | 4.49% | $53,000.00 | $2,719.17 |
| Ontario (ON) | $880,000.00 | 4.29% | $88,000.00 | $4,424.56 |
| British Columbia (BC) | $960,000.00 | 4.39% | $96,000.00 | $4,875.92 |
Housing Market in Alberta
Alberta's housing market has experienced a significant surge in demand driven by interprovincial migration from Ontario and British Columbia. Calgary and Edmonton have seen strong price appreciation, though affordability remains notably better than in Vancouver or Toronto. The province does not charge a land transfer tax, relying instead on a modest property registration fee, which further reduces the upfront cost of homeownership.
The absence of a provincial land transfer tax is one of Alberta's key advantages for homebuyers. Closing costs are substantially lower than in Ontario or BC. Property tax rates vary by municipality but generally fall between 0.6% and 0.9% of assessed value. Calgary's average rate sits around 0.64%, while Edmonton's is approximately 0.72%. The Alberta mortgage market features strong competition among lenders, with credit unions and alternative lenders offering rates competitive with the big banks.
Looking ahead to 2026 and beyond, Alberta's housing market is expected to continue benefiting from population growth and relatively affordable prices compared to major urban centres in Ontario and BC. The Bank of Canada's rate decisions will heavily influence mortgage pricing, and Alberta's oil-dependent economy adds a layer of variability. First-time buyers in Alberta benefit from the federal First Home Savings Account (FHSA) and the Home Buyers' Plan (HBP) to supplement their down payment savings.