Calgary 2026
Mortgage Rates
Compare current mortgage rates across 60+ lenders. Updated regularly to reflect the latest market conditions.
Rates are indicative and updated regularly. Contact Jay for your personalized rate.
Fixed-Rate Mortgages
Predictable payments for the entire term. Your rate is locked in regardless of market changes.
1-Year Fixed
5.49% – 6.29%
2-Year Fixed
4.99% – 5.69%
3-Year Fixed
4.49% – 5.29%
5-Year Fixed
4.24% – 4.99%
Variable-Rate Mortgages
Rates fluctuate with the Bank of Canada prime rate. Historically lower cost over time.
3-Year Variable
Prime − 0.85% to Prime − 0.30%
5-Year Variable
Prime − 1.00% to Prime − 0.40%
Alternative & Private Rates
For borrowers with bruised credit, non-traditional income, or unique situations.
B-Lender
5.49% – 6.99%
Private Mortgage
7.99% – 12.99%
Rate Factors
What Affects Your Mortgage Rate
Six key factors that determine the rate you'll qualify for.
Credit Score
Higher credit scores unlock the best rates. Scores above 720 qualify for the most competitive offers across all lenders.
Down Payment
A larger down payment reduces the lender's risk, often translating to a better rate — especially above the 20% threshold.
Property Type
Owner-occupied homes typically receive better rates than rental or investment properties. Condos may carry slight premiums.
Amortization Period
Shorter amortizations (25 years) often qualify for slightly lower rates than extended amortizations (30 years).
Fixed vs Variable
Variable rates are typically lower at signing but carry the risk of rate increases. Fixed rates offer certainty at a slightly higher cost.
Lender Competition
Brokers compare 60+ lenders to find the best rate. Banks only offer their own products — you could be leaving money on the table.
Why Compare Rates Through a Broker?
Banks only offer their own mortgage products. A mortgage broker like Jay compares rates across 60+ lenders — including banks, credit unions, monoline lenders, and alternative options — to find the best rate for your situation.
Broker services are free for most residential mortgages. The lender pays the broker's fee, so you get access to more options at no additional cost. In alternative or private lending situations, fees are disclosed upfront with full transparency.
Whether you're buying, renewing, or refinancing, a 0.25% rate difference on a $500,000 mortgage saves you approximately $7,500 over a 5-year term. That's worth a free phone call.
Frequently Asked Questions
What are current mortgage rates in Calgary?
Calgary mortgage rates vary by lender, credit score, and mortgage type. As of 2026, 5-year fixed rates range from approximately 4.24% to 4.99%, while 5-year variable rates range from Prime minus 1.00% to Prime minus 0.40%. Jay compares rates across 60+ lenders to find the best option for your situation.
How do I get the best mortgage rate in Calgary?
Maintain a credit score above 720, make a down payment of 20% or more, compare rates across multiple lenders (a mortgage broker does this for you), and consider your rate hold timing. Jay Mortgages compares 60+ lenders at no cost to you.
Should I choose a fixed or variable mortgage rate?
Fixed rates offer certainty — your payment stays the same for the entire term. Variable rates are historically lower over time but fluctuate with the Bank of Canada prime rate. The right choice depends on your risk tolerance, financial stability, and how long you plan to stay in the property.
How often do mortgage rates change in Canada?
The Bank of Canada sets the overnight rate 8 times per year, which directly affects variable mortgage rates. Fixed rates change based on bond market movements and can shift daily. Jay monitors rates continuously and notifies clients of significant changes.
Can I negotiate my mortgage rate in Calgary?
Yes. Banks have discretion to offer discounts off their posted rates. Working with a broker gives you additional leverage — Jay presents competing offers from 60+ lenders, which often motivates lenders to offer their most competitive rates.
Get Your Personalized Rate
Online rate tables give you ranges. Jay gives you your actual rate — based on your credit, income, and goals. Free, no-obligation consultation.