- Closing costs in Alberta: Alberta has no land transfer tax.
- The federal stress test and down payment rules apply in every province.
- Mortgage brokers are licensed by the Real Estate Council of Alberta (RECA).
What are today's best mortgage rates in Alberta?
| Term | Rate | Lender type | Shelf / note | Payment on $400,000 |
|---|---|---|---|---|
| 5-year fixed | 4.04% | Credit union | uninsured | $2,113/mo |
| 5-year variable | 3.70% | Brokerage | prime − 0.75% | $2,046/mo |
| 3-year fixed | 4.19% | Monoline | uninsured | $2,145/mo |
| HELOC | 4.95% | Bank | prime + 0.50% | — |
Payments on a $400,000 mortgage, 25-year amortization, fixed rates compounded semi-annually. Prime 4.45% (Bank of Canada policy rate 2.25%), October 7, 2026.
Who lends in Alberta?
Licensed mortgage brokers bid alongside banks, credit unions and private lenders on MortgageBids.ca. One broker bid can tap dozens of lenders, and on most prime mortgages the lender pays the broker, not you. Why use a mortgage broker · Get broker and lender bids
What does it cost to close in Alberta?
Alberta has no land transfer tax. Buyers pay land titles registration fees: $50 plus $5 for every $5,000 of value on the transfer, and the same formula on the mortgage amount.
| Item | Amount |
|---|---|
| Transfer tax / registration fees (incl. mortgage fee where charged) | $1,000 |
| Effective rate | 0.20% |
Mortgage registration estimated at 80% of price where charged. Rules checked October 7, 2026.
Mortgage rules in Alberta
Mortgage brokers are licensed by the Real Estate Council of Alberta (RECA). National rules apply everywhere: minimum down payment of 5% to 20%, the stress test (the greater of your rate + 2% or 5.25%), and insured mortgages only on homes under $1.5 million.
HELOC in Alberta
Alberta homeowners can get a HELOC up to 65% of value, or 80% combined with a mortgage. Bids show the rate as prime plus a margin. See HELOC.
First-time home buyer programs in Alberta
No provincial land transfer tax to rebate; federal FHSA, Home Buyers' Plan and new-home GST rebate apply. First-time home buyer programs in Alberta
Mortgage rates by city in Alberta
Frequently asked questions
Are mortgage rates different in Alberta?
Most national lenders price provinces similarly; differences come from which lenders serve the area, property type and local closing costs.
Do I need a mortgage broker in Alberta?
Not to get bids. Licensed brokerages bid alongside lenders on MortgageBids.ca.
Can I renew with a different lender in Alberta?
Yes, at maturity with no prepayment penalty.
Related
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