Edmonton & Area Real Estate

Mortgage Rates

Buying in Edmonton? Start with where rates stand. These are the posted rates at Canada's big banks, as reported by the Bank of Canada every week. Most borrowers get a lower rate than posted, so check each bank's special offers below too.

Big bank posted rates

Week of October 21, 2026

Rate	Posted	As of
1-year fixed	5.49%	October 21, 2026
3-year fixed	6.05%	October 21, 2026
5-year fixed	6.19%	October 21, 2026
Prime rate (variable rates are set from this)	4.45%	October 21, 2026
Bank of Canada policy rate	2.25%	October 23, 2026

Typical posted rates of Canada's largest banks (RBC, TD, BMO, Scotiabank, CIBC and National Bank), published weekly by the Bank of Canada.

Check each bank's special rates today

Bank websites list both posted rates and discounted "special offer" rates. The specials are closer to what borrowers actually pay, and they change often.

RBC Royal Bank View rates ↗ TD Canada Trust View rates ↗ BMO View rates ↗ Scotiabank View rates ↗ CIBC View rates ↗ ATB Financial View rates ↗

Best rates nationwide & market snapshot

Provided by WOWA.ca: the most competitive mortgage rates across Canada plus the latest market data for major cities.

Posted rates vs. the rate you get

Posted rates are a bank's list price and mostly serve as a starting point. Your actual rate depends on your down payment, credit, income and whether the mortgage is insured, and is often 0.5% to 1% lower or more. Banks also run dedicated programs for newcomers to Canada.

To qualify, federally regulated lenders apply a stress test: you must afford payments at your contract rate plus 2%, or 5.25%, whichever is higher.

How much can I afford? Calculate payments

Planning to buy in Edmonton?Weina can connect you with trusted mortgage specialists, help you compare bank and broker offers, and make sure you're pre-approved before you start viewing homes.

Talk to Weina

For information only. This is not a mortgage offer, or financial or legal advice. Rates change without notice; confirm with the lender before making any decision. Weina Zhang is a licensed REALTOR® with eXp Realty, not a mortgage broker.