Best mortgage rates in Calgary.
Today’s best rate in Calgary is 3.50%. We compare Calgary mortgage rates across 100+ Canadian lenders and lock your best on one application — no bureau pull to start. Alberta files are placed by a mortgage professional licensed in Alberta, through our partner network.
The lowest rate on today’s board for Calgary is 3.50%. On the average price of $638,440, 20% down and the best 5-year fixed come to about $2,740/month; the smallest legal down payment is $38,844, plus $690 of transfer tax or fees at closing. Energy-sector borrower base; commission-income files routine.
Marathon Mortgage Corp Best5-year variable3.50%Apply Marathon Mortgage Corp5-year variable3.50%Apply 
Radius Financial3-year variable3.55%Apply Radius Financial3-year variable3.55%Apply Marathon Mortgage Corp0.5-year fixed3.64%Apply Marathon Mortgage Corp0.5-year fixed3.64%Apply 
Servus Credit Union5-year variable3.85%Apply 
TD Canada Trust3-year variable3.97%Apply Rates illustrative; your file (credit, income, LTV) sets your personalized rate. See all Alberta rates →
Financing a $638,440 home in Calgary
At this price Calgary buyers can take the insured route: only the slice above $500,000 needs 10% down, which keeps the minimum near 6% of the price. Saving to 20% would take another $88,844 and removes the $23,984 premium.
On the 20%-down loan, variable is $190 a month cheaper than fixed today.
The headline is an average price; the same release puts the apartment condominium average at $316,248. A first purchase there needs $15,813 down and, insured, runs about $1,676 a month at the best 5-year fixed.
| At $638,440 | Minimum down | 20% down |
|---|---|---|
| Down payment | $38,844 | $127,688 |
| CMHC premium | $23,984 | None |
| Mortgage | $623,580 | $510,752 |
| Monthly, 5-yr fixed 4.19% | $3,345 | $2,740 |
| Monthly, 5-yr variable 3.50% | $3,113 | $2,550 |
| Stress-test payment at 6.19% | $4,060 | $3,326 |
25-year amortization, Canadian semi-annual compounding, best rates on today’s board. The stress test qualifies you at the greater of the contract rate plus 2 points or 5.25%. Illustrative, O.A.C. Model your own numbers in the payment calculator.
Land transfer tax on a Calgary purchase
There is no land transfer tax here — only registration fees, about $690 on the transfer at $638,440.
All told, the minimum cash to close at this price — before legal fees, title insurance and adjustments — is about $39,534. Check other prices in the land transfer tax calculator.
The Calgary market behind your rate
The $638,440 figure is Calgary’s average price for August 2026, from City of Calgary total residential average price, Calgary Real Estate Board (CREB®). The same release counts 1,660 sales, with average days on market of 41 days (CREB® City of Calgary monthly stats package, August 2026) — slow enough that it pays to time a rate hold to your offer rather than to the start of the search.
- Detached: $813,806 · 875 sales · 35 days
- Semi-detached: $691,163 · 168 sales · 40 days
- Row / townhouse: $444,734 · 284 sales · 47 days
- Apartment condominium: $316,248 · 333 sales · 52 days
How Calgary neighbourhoods change the file
The 7 pockets below mix freehold and condo stock, and each one triggers a different underwriting rule.
Beltline
High-rise and mid-rise condoThe building is underwritten alongside you: reserve-fund study adequacy, a pending special assessment or a high rental share each shorten the lender list before your income is read. Post-tension cable construction is common downtown and some lenders treat it more conservatively.
Inglewood
Character detached and infill, 1900s–20sOriginal character houses beside new infill make comparables genuinely uneven, and century stock raises knob-and-tube wiring and foundation questions that attach conditions to an approval.
Marda Loop
Infill duplex and semi-detachedDense teardown-and-rebuild activity. A teardown purchase is financed on land value with no habitable comparables, which most A-lenders decline on property type — that is a construction file with a draw schedule.
Mount Pleasant
Post-war bungalow with infill rebuildBungalow lots bought for redevelopment are the local pattern, and the same appraisal problem follows: original stock and new builds on one street give the appraiser two incompatible comparable sets.
Tuscany
1990s–2000s detached subdivisionUniform family stock with clean comparables, comfortably inside the insurable band, so the tiered minimum down payment applies.
Cranston
2000s detached and townhouse subdivisionRecent build-out with a community-association fee attached to title in parts of the area — a small but real line in your debt-service ratios.
Auburn Bay
2000s–2010s lake community, detached and townA lake-access community with a mandatory annual residents-association fee registered on title. It counts against your ratios like any other recurring housing cost, and it is easy to miss when budgeting.
This page is the rate-shopping side. For pre-approval strategy, document help and a dedicated advisor, see our Calgary mortgage broker page.
