Find the best current mortgage rates in Calgary to ensure you get the best deal on your home purchase. Calgary is one of Canada’s most affordable major cities for homebuyers, with no land transfer tax and average prices well below Toronto and Vancouver.
The average home price in Calgary is approximately $575,000 in 2026. With no land transfer tax, no provincial sales tax, and competitive mortgage rates, Calgary offers outstanding value among Canada’s largest cities.
Compare Today’s Best Mortgage Rates in Calgary
Looking for the most competitive mortgage rates in Calgary? Below you’ll find live, up-to-date rates from top lenders, whether you’re buying in the downtown core, the suburbs, or surrounding communities.
Why Compare Mortgage Rates in Calgary?
On a $575,000 Calgary home with 10% down, the difference between a 4.00% and 5.00% rate is approximately $305 per month — or over $91,000 in total interest over 25 years. Even in an affordable market, your rate matters.
Calgary’s Affordability Advantage
Calgary stands out among Canada’s major cities for affordability:
| City | Avg. Home Price | Land Transfer Tax on Avg. Home |
|---|---|---|
| Calgary | ~$575,000 | ~$280 (registration fee only) |
| Toronto | ~$1,065,000 | ~$36,200 (including Toronto MLTT) |
| Vancouver | ~$1,175,000 | ~$21,500 |
| Ottawa | ~$645,000 | ~$8,975 |
Calgary buyers save $8,000–$36,000 in land transfer costs alone compared to other major cities.
Types of Mortgage Rates Available
- Fixed Mortgage Rates: Lock in your rate for certainty and predictable payments.
- Variable Mortgage Rates: Rates fluctuate with prime. Can be attractive if the Bank of Canada continues rate cuts.
- Open vs. Closed Mortgages: Open mortgages offer repayment flexibility, while closed mortgages have lower rates.
Calgary-Specific Lenders
Calgary’s competitive lending market includes strong local options:
- ATB Financial — Alberta’s provincially owned financial institution
- First Calgary Financial — Local credit union serving the Calgary area
- Connect First Credit Union — Serving southern Alberta
- Big Five banks — All compete actively in Calgary
Frequently Asked Questions
What is the average mortgage rate in Calgary right now? Mortgage rates change daily. Check the rate table above for the latest competitive rates available to Calgary borrowers.
How much house can I afford in Calgary? Use our mortgage affordability calculator for a personalized estimate. Calgary’s affordability means a household income of $100,000 with 10% down could potentially afford a home around $475,000–$525,000. Use our Calgary mortgage calculator to see exact monthly payments.
Should I choose a fixed or variable rate in Calgary? This depends on your risk tolerance. Fixed rates offer certainty, while variable rates have historically been cheaper over time. Use our mortgage stress test calculator to ensure you can handle potential rate increases.
Tools and Resources
- Calgary Mortgage Calculator — Estimate your monthly payment
- Alberta Land Transfer Tax Calculator — Calculate registration fees
- Alberta Mortgage Rates — Province-wide rate comparison
- Mortgage Affordability Calculator — See how much home you can afford
- Edmonton Mortgage Calculator — Compare with Edmonton prices