MORTGAGE RATES
Mortgage rates in Alberta
Mortgage rates change regularly and depend on your financial profile, the type of mortgage, and the lender. As a broker, I compare rates from multiple lenders to help you find the most competitive option.
Fixed vs. variable rates
- Fixed Rate
- Your rate stays the same for the entire term
- Predictable monthly payments
- Protection against rate increases
- Higher penalty to break the mortgage early
- Variable Rate
- Rate fluctuates with the prime rate
- Historically lower cost over time
- Lower penalty to break the mortgage
- Requires comfort with payment changes
The right choice depends on your risk tolerance, financial goals, and how long you plan to stay in your home. I can help you weigh the pros and cons for your specific situation.
What affects your mortgage rate
- Credit score and credit history
- Down payment amount
- Property type and location
- Amortization period
- Fixed vs. variable preference
- Whether the mortgage is insured or conventional
- Why compare rates through a broker
Banks can only offer their own products. As a mortgage broker, I have access to rates from multiple lenders — including major banks, credit unions, and alternative lenders.
This means I can find competitive rates that you might not see by walking into a single branch. And the rate is just one piece — I also compare terms, flexibility, and features to find the best overall fit.