Current Mortgage Rates In Alberta

Fixed mortgage rates in Alberta average around 3.8% at brokers and over 4% at major banks, with variable rates starting near 3.5%. The Bank of Canada is expected to hold its overnight rate at 2.25%, keeping variable rates stable. Fixed rates remain steady due to stable government bond yields. Borrowers can lower rates by improving credit, increasing income, reducing debt, and exploring loan options. Minimum down payments range from 5% to 20% based on home price.