Overview
Calgary remains one of Canada’s most active and affordable real estate markets, with a competitive mortgage landscape. As of mid-July 2025, 5-year fixed mortgage rates in Calgary are among the lowest nationally, but rates vary depending on the lender, your credit profile, and the mortgage term you choose.
Current Lowest Mortgage Rates in Calgary
Best Available Rates
| Term | Lowest Rate | Lender Type | Date |
|---|
| 5-year Fixed | 3.84% | Canadian Lender | July 2025 |
| 5-year Fixed | 3.89% | National Average | July 2025 |
| 5-year Fixed | 4.64% | Some Calgary Brokers | July 2025 |
| 3-year Fixed | 3.84% | National Average | July 2025 |
| 5-year Variable | 3.95% | National Average | July 2025 |
| 5-year Variable | 4.00% | Calgary, Conventional | July 2025 |
- Lowest 5-year fixed rates are currently around 3.84%–3.94% with some lenders in Calgary.
- Big 5 banks tend to offer slightly higher rates, often in the 4.49%–4.54% range for 5-year fixed terms.
- Variable rates are less competitive than fixed, starting around 3.95%–4.00% at conventional lenders.
Major Canadian Bank Offerings
| Bank | 5-year Fixed Special | 5-year Variable Special | Notes |
|---|
| RBC | 4.49% | 4.55% (Prime - 0.40%) | Up to $5,700 in incentives |
| TD | 4.49% | 4.79% (Prime - 0.31%) | Posted rates higher |
Calgary Market Conditions
- Demand remains strong due to migration from other provinces, but supply is tight, supporting home prices.
- Interest rates have stabilized after seven consecutive Bank of Canada rate cuts from June 2024 to March 2025. The overnight rate is now 2.75%, with the prime rate at 3.95%, keeping variable mortgage rates relatively steady.
- Fixed mortgage rates follow government bond yields, which have recently risen due to global trade uncertainty, making significant further drops in fixed rates unlikely in the short term.
How to Get the Lowest Rate
- Shop and compare: Use platforms to compare rates from banks, credit unions, and brokers.
- Maintain a strong credit score: This directly impacts the rates offered to you.
- Increase your down payment: Higher down payments can help secure better rates.
- Reduce your debt-to-income ratio: Lenders reward lower-risk borrowers with better rates.
- Consider getting pre-approved: This can lock in a rate for up to 120 days.
Rate Comparison Table: Calgary vs. National Averages
| Term | Calgary Lowest | National Lowest | Big 5 Banks (Special) |
|---|
| 5-year Fixed | 3.84% | 3.89% | 4.49%–4.54% |
| 5-year Variable | 3.95%–4.00% | 3.95% | 4.55%–4.79% |
| 3-year Fixed | 3.84%–4.04% | 3.84% | 4.44% |
| 2-year Fixed | 4.04%–4.24% | 4.24% | — |
Rates as of July 15, 2025; actual rates may vary based on qualification and lender.
Tips for Finding and Securing the Lowest Rate
- Comparison shop on platforms like theratefinder, which connects Canadians to competitive rates from top lenders across residential, commercial, and construction mortgages.
- Apply online: Start your mortgage application with theratefinder for a personalized, multi-step process and access to exclusive rates.
- Act quickly: Lock in a pre-approval to protect yourself from rate increases during your home search.
Summary & Next Steps
- 5-year fixed rates in Calgary are currently as low as 3.84%, with the most competitive rates found through brokers and online platforms rather than major banks.
- Variable rates are slightly higher, reflecting current economic and central bank conditions.
- Compare offers from multiple providers, maintain a strong credit profile, and consider a larger down payment to improve your rate.
- For the most competitive and personalized mortgage solutions, start your application with theratefinder at theratefinder.ca/onboarding.
By leveraging these strategies and using comprehensive comparison tools, you’ll be well-positioned to secure the lowest mortgage rate available in Calgary.