Northern Alberta, Alberta Updated November 13, 2026 Best Mortgage Rates inEdmonton Government stability with improving market conditions 🏠 Avg. Home Price $420,000 +3.8% YoY 🏢 Avg. Condo Price $195,000 📅 Days on Market 35 ⭐ Best 5-Yr Fixed 4.44% Get Pre-Approved Today Calculate Payments 📊 Rate Comparison Compare Mortgage Rates in Edmonton Get personalized rates for your city See local market data and mortgage tips Enable Location Updated November 13, 2026 Today's Best Mortgage Rates Compare discounted rates from Canada's top lenders. These are actual rates you can get - not posted bank rates. Prime Rate 4.70% Apply Now → Best 5-Yr Fixed 4.44% Apply Now → Best Variable 3.65% Apply Now → Featured Mortgage Rates Best discounted rates available today – sorted by lowest rate Term Lender Best Rate 5-Year Variable Meridian CU 3.65% Insured Get This Rate 3-Year Fixed KEB Hana Bank 4.24% Insurable / Uninsured / uninsurable Get This Rate 5-Year Fixed KEB Hana Bank 4.44% Insurable / Uninsured / uninsurable Get This Rate 1-Year Fixed MCAP 4.69% Uninsured / uninsurable Get This Rate 4-Year Fixed National Bank 4.79% Insured / Insurable Get This Rate 2-Year Fixed National Bank 4.89% Insured / Insurable Get This Rate 7-Year Fixed National Bank 4.94% Insured / Insurable Get This Rate 10-Year Fixed MCAP 5.04% Insured / Insurable Get This Rate Ready to Lock In Your Rate? Get pre-approved in minutes. No obligation, no credit impact. Get Approved Today * Best rates compare insured, insurable and uninsured mortgages. Eligibility varies by lender, credit profile, down payment and property type. Subject to change without notice. OAC. 🏙️ Market Overview Edmonton Mortgage Market Overview 2026 Edmonton is Canada's most affordable major city. At $420,000 average, homes cost less than a Vancouver condo or Toronto townhouse. Government employment provides exceptional job stability, while the University of Alberta anchors education and healthcare sectors. First-time buyers can enter the market with minimal down payments—just $23,500 (5%) for an average home. Edmonton offers genuine homeownership opportunities that have disappeared in other major cities. Maximum Value for First-Time Buyers Edmonton's affordability allows first-time buyers to purchase detached homes rather than condos. A $420,000 budget buys a 1,500-2,000 sq ft home with a yard—comparable to $1M+ properties in Toronto. CMHC insurance is available for almost all Edmonton purchases, keeping down payment requirements low. Government employees enjoy exceptional job security, often qualifying for preferred mortgage terms. 💡 Local Insights Mortgage Tips for Edmonton Buyers Expert advice tailored to the local Edmonton real estate market. First-Time Buyers Edmonton offers Canada's most affordable major city housing with strong income potential. Min. down payment: $21,000 (5% of avg. price) Refinancing Lower home prices mean faster loan payoff—consider accelerated payment strategies. Investment Property University of Alberta and government employment create steady rental demand. Ready to buy in Edmonton? Get pre-approved in minutes. No obligation, no credit impact. See what you qualify for today. Get Pre-Approved Free → 📍 Neighborhoods Popular Areas in Edmonton Downtown Old Strathcona Glenora Westmount Windermere Summerside 🏦 Local Lenders Top Mortgage Lenders in Edmonton We compare rates from these and 50+ other lenders to find you the best deal. TD Canada Trust ATB Financial Servus Credit Union Connect First ❓ FAQ Frequently Asked Questions About Mortgages in Edmonton Why is Edmonton so much cheaper than Calgary? Edmonton's economy is more government-focused while Calgary leads in corporate energy headquarters. Calgary attracts higher-income earners, driving prices up. Edmonton offers similar quality of life at lower cost. Do government employees get better mortgage rates? Yes, many lenders offer preferred rates for government employees due to exceptional job security. Some Edmonton credit unions specialize in public sector mortgages with flexible terms. Get the Best Mortgage Rate in Edmonton Work with a local mortgage expert who understands the Edmonton market. We compare rates from 50+ lenders to save you thousands. ✓ Free, no-obligation quote ✓ No credit impact ✓ 50+ lenders compared Get Your Free Quote Calculate Payments Related Mortgage Guides HELOC Payment Calculator Canada How Much Does It Cost to Refinance a Mortgage in Canada? Mortgages for Doctors, Dentists, and Medical Professionals in Canada (2026) What Income Do You Need for a Mortgage in Canada? Can You Be Denied a Mortgage Renewal in Canada?
