Alberta Mortgage Rates

Keep more of your money — with our lower Alberta mortgage rates.

Your best mortgage rate can save you thousands. What are you waiting for?

Apply now to get your best rate — or give us a call, drop into one of our stores, or start a chat with Morgan our chatbot.

It's free and no obligation to see what we can do for you. Our rates are lower on average compared to the competition.

Whether you're looking for a home or vacation or investment property, our highly trained True North Mortgage brokers can get your best rate possible. Plus, we can explain the ins and outs of how lenders see your application and what you can do to get an even better rate.

And, if you have more complex mortgage needs that a traditional bank can't help you with — we have the flexibility to help find a short-term mortgage solution to see you through.

A few minutes with us could save you thousands.

We'll help you get the lowest rate possible for your situation. Our friendly mortgage brokers are knowledgeable, non-commissioned and able to pass along a volume discount to get your rate even lower, sometimes with your own bank. Our volume-based approach allows us to access a wide selection of lenders and products on your behalf — to help you save the most and reach your mortgage goals sooner.

Contact us today for your best mortgage savings.

The sooner you contact us, the sooner we can hold your rate.

Alberta mortgage interest rates are always changing — but we can hold your rates for up to 4 months (depending on the lender). Plus, we can offer you flexible mortgage solutions that fit your needs, all while providing stress-free service.

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Alberta's most trusted Mortgage Brokers

True North Mortgage proudly started in Alberta, and we now have several locations in Calgary and Edmonton (and across Canada). At True North Mortgage, our highly trained brokers are obsessed with saving you money, and ensuring your mortgage is handled well and done on time.

With the best tech and tools, we help you in the way that's most convenient for you. Visit one of our locations, give us a call, or apply online today. We even have mobile brokers who can come to you.

Alberta is Wild Rose Country, with a slightly wilting housing market.

Alberta had been the country's housing hotspot for most of 2024, thanks in part to its more affordable, higher-value markets than some centres in BC and ON. Now in a cooling phase for 2025, Alberta's housing market continued to show slowing in June, with home sales down by 9% compared to the same month last year.

The largest sales dips were seen in Calgary, Fort McMurray, and Medicine Hat, ranging from -18.4% to -11.9%, followed by Central, AB at -6.2%, Lethbridge at -5.9% and Edmonton at -2.5%. Only Grand Prairie posted an increase, with an impressive sales gain of 18.8%.

Despite the decrease in demand, average home prices in Alberta increased year-over-year by 3.4% to $509,654. The average boost in home prices ranged from 18.3% in Grand Prairie to 3.6% in Calgary. Fort McMurray is the sole centre with a price decrease of 1.8%.

Housing inventory also declined compared to last year, ranging from 17.4% to 5.9% across the province. Calgary and Edmonton’s listings were exceptions — up by 15.5% and 13%, respectively. The overall decline in demand resulted in a 13% drop in AB's SNLR (sales-to-new-listing ratio) to 62% year-over-year, though still in seller's market territory. The only major centre to show a balanced market was Calgary, with a 54% SNLR.

The ongoing U.S. trade chaos is showing up in Alberta's housing market, as buyers ease off their 2024 pace, concerned about market volatility and where interest rates will go. Will Alberta's market hold steady through the rest of Summer 2025?

Data Source: Sagen Housing Market Updates