Best mortgage rates in Edmonton.
Today’s best rate in Edmonton is 3.50%. We compare Edmonton 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 Edmonton is 3.50%. On the average price of $436,475, 20% down and the best 5-year fixed come to about $1,873/month; the smallest legal down payment is $21,824, plus $490 of transfer tax or fees at closing. Affordability-driven; detached + multi-unit investor activity.
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 $436,475 home in Edmonton
Under $500,000 a flat 5% is the minimum down payment, so the insured route needs the least cash in Edmonton.
On the 20%-down loan, variable is $130 a month cheaper than fixed today.
The headline is an average price; the same release puts the apartment condominium average at $204,434. A first purchase there needs $10,222 down and, insured, runs about $1,083 a month at the best 5-year fixed.
| At $436,475 | Minimum down | 20% down |
|---|---|---|
| Down payment | $21,824 | $87,295 |
| CMHC premium | $16,586 | None |
| Mortgage | $431,237 | $349,180 |
| Monthly, 5-yr fixed 4.19% | $2,313 | $1,873 |
| Monthly, 5-yr variable 3.50% | $2,153 | $1,743 |
| Stress-test payment at 6.19% | $2,808 | $2,274 |
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 an Edmonton purchase
There is no land transfer tax here — only registration fees, about $490 on the transfer at $436,475.
All told, the minimum cash to close at this price — before legal fees, title insurance and adjustments — is about $22,314. Check other prices in the land transfer tax calculator.
The Edmonton market behind your rate
The $436,475 figure is Edmonton’s average price for August 2026, from City of Edmonton total residential average price, Alberta Real Estate Association (AREA). The same release counts 1,427 sales (AREA City of Edmonton monthly statistics, August 2026).
- Detached: $556,257 · 793 sales
- Semi-detached: $412,704 · 154 sales
- Row / townhouse: $295,583 · 220 sales
- Apartment condominium: $204,434 · 260 sales
How Edmonton neighbourhoods change the file
The 5 pockets below mix freehold and condo stock, and each one triggers a different underwriting rule.
Strathcona
Century detached and converted multi-unitOlder stock with heavy conversion activity near the university. An unregistered conversion can fail the appraisal, and student-rental purchases are investment files at a 20% minimum down payment.
Old Strathcona
Character detached and mixed-use over retailResidential above or behind commercial space reads as mixed-use, and a large part of the A-lender panel declines on property type before opening your file.
Whyte Avenue
Walk-up condo and mixed-useCondo files bring the corporation's reserve-fund study and any special assessment into the underwriting, and buildings with a heavy rental or commercial share are read more conservatively.
Glenora
Established detached on large mature lotsThe upper band in the city, where individually distinct character homes give appraisers fewer close comparables and long owner tenure makes equity take-outs common.
Windermere
2000s–2010s executive detachedThe newest and largest stock in the city, with thin resale comparables on the most recent streets — which is where a short appraisal against a firm offer costs the most.
This page is the rate-shopping side. For pre-approval strategy, document help and a dedicated advisor, see our Edmonton mortgage broker page.
