Rates · September 21, 2026
Mortgage rates
Our published mortgage rates and what they cost per month
Each rate below shows its APR, conditions and the time we checked it. We also show the estimated payment on a $500,000 mortgage over 25 years and the rate used for the stress test.
No credit check, and no commitment.
Rates as of September 21, 2026 at 9:00 a.m. MT
More than 24 hours oldPrime 4.45% · Bank of Canada policy rate 2.25% · rate holds up to 120 days
All published rates
Filter the table to match what you're shopping for. We calculate every payment ourselves on $500,000 over 25 years. The qualifying rate is the greater of the contract rate plus 2 points or 5.25%.
These are our published rates. Lenders sometimes offer Daniel better pricing for a strong file that they don't let us advertise, so your quote may come in lower than what you see here. It can also come in higher, depending on your credit, down payment and property. Get your quote
15 rates
| Term | Rate | APR | Payment / $500,000 | You’d qualify at | Insurance | Details and actions |
|---|---|---|---|---|---|---|
| 10 year fixedChartered bank | 5.09% | 5.14% | $2,934 | 7.09% | uninsured | |
| 5 year fixedMonoline lender | 3.89% | 3.94% | $2,600 | 5.89% | Insured | |
| 5 year fixedMonoline lender | 3.99% | 4.04% | $2,627 | 5.99% | insurable | |
| 5 year fixedChartered bank | 4.09% | 4.14% | $2,655 | 6.09% | uninsured | |
| 5 year variablePrime − 0.90% | 3.55% | 3.60% | $2,517 | 5.55% | Insured | |
| 5 year variablePrime − 0.25% | 4.20% | 4.25% | $2,695 | 6.20% | uninsured | |
| 4 year fixedMonoline lender | 3.94% | 3.99% | $2,614 | 5.94% | Insured | |
| 4 year fixedCredit union | 4.19% | 4.24% | $2,682 | 6.19% | uninsured | |
| 3 year fixedMonoline lender | 3.79% | 3.84% | $2,574 | 5.79% | Insured | |
| 3 year fixedChartered bank | 4.04% | 4.09% | $2,641 | 6.04% | uninsured | |
| 2 year fixedMonoline lender | 4.24% | 4.29% | $2,696 | 6.24% | Insured | |
| 2 year fixedChartered bank | 4.49% | 4.54% | $2,765 | 6.49% | uninsured | |
| 1 year fixedMonoline lender | 4.74% | 4.79% | $2,834 | 6.74% | Insured | |
| 1 year fixedChartered bank | 4.99% | 5.04% | $2,905 | 6.99% | uninsured | |
| HELOCPrime + 1.50% | 5.95% | 5.95% | — | 7.95% | uninsured |
10 year fixed
uninsured- Rate
- 5.09%
- APR
- 5.14%
- Payment on $500,000
- $2,934
- You’d qualify at
- 7.09%
5 year fixed
insured- Rate
- 3.89%
- APR
- 3.94%
- Payment on $500,000
- $2,600
- You’d qualify at
- 5.89%
5 year fixed
insurable- Rate
- 3.99%
- APR
- 4.04%
- Payment on $500,000
- $2,627
- You’d qualify at
- 5.99%
5 year fixed
uninsured- Rate
- 4.09%
- APR
- 4.14%
- Payment on $500,000
- $2,655
- You’d qualify at
- 6.09%
5 year variable
insured- Rate
- 3.55%
- APR
- 3.60%
Prime − 0.90%
- Payment on $500,000
- $2,517
- You’d qualify at
- 5.55%
5 year variable
uninsured- Rate
- 4.20%
- APR
- 4.25%
Prime − 0.25%
- Payment on $500,000
- $2,695
- You’d qualify at
- 6.20%
4 year fixed
insured- Rate
- 3.94%
- APR
- 3.99%
- Payment on $500,000
- $2,614
- You’d qualify at
- 5.94%
4 year fixed
uninsured- Rate
- 4.19%
- APR
- 4.24%
- Payment on $500,000
- $2,682
- You’d qualify at
- 6.19%
3 year fixed
insured- Rate
- 3.79%
- APR
- 3.84%
- Payment on $500,000
- $2,574
- You’d qualify at
- 5.79%
3 year fixed
uninsured- Rate
- 4.04%
- APR
- 4.09%
- Payment on $500,000
- $2,641
- You’d qualify at
- 6.04%
2 year fixed
insured- Rate
- 4.24%
- APR
- 4.29%
- Payment on $500,000
- $2,696
- You’d qualify at
- 6.24%
2 year fixed
uninsured- Rate
- 4.49%
- APR
- 4.54%
- Payment on $500,000
- $2,765
- You’d qualify at
- 6.49%
1 year fixed
insured- Rate
- 4.74%
- APR
- 4.79%
- Payment on $500,000
- $2,834
- You’d qualify at
- 6.74%
1 year fixed
uninsured- Rate
- 4.99%
- APR
- 5.04%
- Payment on $500,000
- $2,905
- You’d qualify at
- 6.99%
HELOC
uninsured- Rate
- 5.95%
- APR
- 5.95%
Prime + 1.50%
- Payment on $500,000
- —
- You’d qualify at
- 7.95%
Rates shown are current as of September 21, 2026 at 9:00 a.m. MT and are subject to change without notice. Rates are available on approved credit (O.A.C.) only, are subject to the terms and conditions of the applicable lender, and may vary based on your credit history, income, down payment or equity, loan-to-value, property type and location, occupancy, amortization, and whether the mortgage is insured, insurable or uninsured.
Annual percentage rates (APR) shown assume a mortgage amount of $500,000, an amortization of 25 years with monthly payments, and include no lender or brokerage fees. Fixed rates are compounded semi-annually, not in advance, as required under section 6 of the federal Interest Act; variable rates are compounded monthly. Payment figures exclude property taxes, heating, condominium fees and default insurance premiums unless stated. Insured rates require mortgage default insurance and are available only on qualifying transactions.
Rates may contain errors or omissions and do not constitute an offer of credit, a rate hold or a pre-approval. Not all applicants will qualify. Contact Daniel De Sousa, Mortgage Associate, to confirm the rate available to you. Daniel De Sousa is licensed by the Real Estate Council of Alberta (RECA) and registered with Indi The Independent Mortgage Company Ltd. o/a Indi Mortgage.
At 4.09%, you’d be qualified at 6.09%
Lenders don’t approve you at the rate you pay. Under OSFI Guideline B-20, they approve you at the minimum qualifying rate: the greater of your contract rate plus 2 percentage points, or 5.25%. It’s the most common reason a pre-approval comes back lower than a buyer expected.
Your rate
Why your rate may differ from the one above
The rates on this page are for a clean, standard file. These 5 things change the rate you're offered, and we'll tell you where your file stands before you apply.
Your down payment
Under 20% down means an insured mortgage. Insured mortgages usually get lower rates because the lender's loss is covered, so putting more money down can mean a higher rate.
Insured, insurable or uninsured
Each one is a separate price tier. A refinance can never be insured, so it's always priced in the top tier, no matter how much equity you have.
Your amortization
Going past 25 years moves an insured file into a higher premium band and pushes some files out of the insured tier altogether. A 30-year amortization is available to first-time buyers and on new builds.
The property and how you use it
The benchmark is an owner-occupied detached home in Edmonton. A rental, a second home, an acreage over about 10 acres, a rural water supply or a small condo unit each narrow the list of lenders and usually add to the rate.
Your credit and income profile
Your Beacon score, how long you've had credit, and whether your income is salaried, commission, self-employed or rotational decide which lenders will look at your file. That's what sets the price.
Insurance tiers
Insured, insurable and uninsured mortgages
Every rate on this page falls into one of these 3 tiers. Your down payment, your amortization and what you're using the mortgage for decide which one applies to you. Your tier moves the rate more than almost anything else.
| Measure | Insured | Insurable | Uninsured |
|---|---|---|---|
| Who it’s for | Under 20% down | 20% or more down on a home under $1.5M | Everything else |
| What it means | You pay a default insurance premium of 2.80% to 4.00% of the mortgage. It’s added to the balance, so you don’t pay it in cash. | You pay no premium, but the lender can still insure the mortgage behind the scenes through a bulk portfolio policy. | The mortgage can’t be insured at all. That covers a refinance, a rental, a home over $1.5M, or an amortization over 25 years on a file that doesn’t qualify for the exceptions. |
| Typical pricing | Lower | Middle | Higher |
| Alberta note | Alberta doesn’t charge provincial sales tax on the premium. Ontario, Quebec, Saskatchewan and Manitoba do, and it’s due in cash at closing. | No premium, so nothing to tax. | No premium, so nothing to tax. |
Premium bands: 4.00% at 5–9.99% down, 3.10% at 10–14.99%, 2.80% at 15–19.99%, plus 0.20% where the amortization runs past 25 years. See the default insurance calculator for your own number.
Rate holds
What a rate hold is
A rate hold is a lender's commitment to honour today's rate for a set period (up to 120 days) while you shop, wait for a closing, or count down to your renewal.
It's free
There's no fee and no commitment to that lender. A single credit check through a brokerage won't damage your credit file.
It works one way
If rates fall before you close, you take the lower rate. If they rise, you keep the rate you held.
It isn't an approval
A hold reserves pricing. It doesn't confirm your income, down payment or the property. The pre-approval and then the full application do that.
No credit check, and no commitment.
Brokerage pricing
Why a rate through a brokerage can be lower than a bank branch rate
A brokerage works from a different price list and a wider panel of lenders, and you go through one credit check instead of 5.
Banks discount from a posted rate
A bank branch quotes a posted rate and discounts it only as far as it has to. A brokerage starts from the lender's broker-channel rate, which is already the price the lender competes with.
Monolines and credit unions only reach you through a brokerage
A large part of the Canadian market has no branch network, including monoline lenders and most credit union mortgage products. A brokerage is the only way they get a file, so they compete on rate and terms.
One application and one credit check for many lenders
If you shop 5 banks yourself, that's 5 applications and 5 credit inquiries. One application through Indi Mortgage is one inquiry for 30+ lenders, and it falls inside the mortgage-shopping window that credit bureaus already treat as a single event.
We compare the terms as well as the rate
A very low rate often comes with a costly penalty. If you break the mortgage early, a 0.05% saving can cost you five figures. We show the penalty method next to the rate.
38% of recent Canadian buyers used a broker, and 48% of recent first-time buyers did, according to Mortgage Professionals Canada. The lender that funds your mortgage paysIndi Mortgage, and we tell you which lender and what the arrangement is before you sign anything. Read the compensation disclosure.
Rate alerts
Get an email when a rate moves
Pick a rate and a target. We'll email you when our published rate reaches it, or each time it changes.
If you’re renewing, put your maturity date in your calendar and leave time to compare offers. Rate hold periods and eligibility vary by lender. Plan your renewal.
Rate history
Rate history from verified snapshots only
This chart uses our own published rate board, month by month. None of those monthly snapshots has been approved for publication yet, so the chart stays empty until one is. Ask Daniel for current offers and the history behind them.
Policy rate
Bank of Canada and prime
Variable rates move with your lender's prime rate, and prime moves with the Bank of Canada's policy rate. Fixed rates follow the bond market instead, which usually moves first.
When the Bank holds, variable payments stay where they are. A cut lowers a variable payment. On a fixed-payment variable product, the payment stays the same and more of it goes to principal. Neither changes a fixed rate you’ve already signed. If you’re within 120 days of a renewal, keep an eye on these announcement dates.
- Policy rate
- 2.25%
- Held September 2, 2026
- Prime rate
- 4.45%
- As of September 15, 2026
- Next scheduled announcement
- October 28, 2026
More rate pages
By location
Mortgage help in Edmonton, St. Albert, Sherwood Park, Spruce Grove and the rest of Alberta.
Mortgage rate questions
How often do you update these rates?
Is a lower mortgage rate always better?
Why do you show APR as well as the interest rate?
Why is the insured rate lower than the uninsured one?
What is a rate hold, and does it cost anything?
Will I get the rate shown on this page?
Do I need a credit check to see my mortgage rate?
Sharp rates. The full picture.
Get a rate for your own numbers
Answer 6 questions. It takes about two minutes and there's no credit check. Daniel will come back with the rate your file prices at and its monthly payment.
No credit check, and no commitment.