HELOC

HELOC rates

A home equity line of credit is priced off prime, revolves like a credit card and is secured by your house. Being secured by your home is why the rate is low, and it's also why you need a plan to pay it down.

Check my HELOC rate Or see all our rates

No credit check, and no commitment.

Today's HELOC rate

Rate: 5.95%
APR: 5.95%

Prime + 1.50% · prime is 4.45%

Payment on $500,000: —
You’d be qualified at: 7.95%
Rate hold: 120 days

Rates as of September 21, 2026 at 9:00 a.m. MT, subject to change without notice. O.A.C. Payment assumes a 25-year amortization with monthly payments and excludes property taxes, heat and condominium fees.

Rates as of September 21, 2026 at 9:00 a.m. MT

More than 24 hours old

Prime 4.45% · policy rate 2.25% (held September 2, 2026)

Compare it with our other published rates

We calculate every payment ourselves, on $500,000 over 25 years. The qualifying column is the greater of the contract rate plus 2 percentage points or 5.25%.

1 rate

Filtered by

Today's mortgage rates by term, type and insurance status
Term	Rate	APR	Payment / $500,000	You’d qualify at	Insurance	Details and actions
HELOCPrime + 1.50%	5.95%	5.95%	—	7.95%	uninsured	Hold this rate for the 0 year heloc at 5.95%

HELOC
uninsured
Rate
5.95%
APR
5.95%
Prime + 1.50%
Payment on $500,000
—
You’d qualify at
7.95%
Hold this rate

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.

How much you can borrow on a HELOC

OSFI Guideline B-20 caps a standalone revolving HELOC at 65% of your home's value. You can reach 80% combined, but only if the portion above 65% is an amortizing mortgage instead of a revolving line. A readvanceable product does this by pairing a mortgage and a line under one charge.

How much equity you have matters less than how much of it your lender will let you hold as a revolving line, and whether you want the rest as a mortgage with a payment schedule.

65% of value: the maximum for a standalone revolving line.
80% of value: the maximum combined, with the part above 65% amortizing.
Interest-only payments are allowed on the revolving portion, and if you only pay interest, the balance never goes down.

What a HELOC costs when prime moves

A HELOC is priced at prime plus a spread, and it reprices as soon as prime moves. There's no term, no rate hold and no fixed payment. A 1-point move in prime is a 1-point move in what the balance costs you, that month.

That works well for a short draw with a clear purpose, like a renovation you'll repay in 18 months or a bridge between two closings. It gets expensive on a balance that never comes down.

When a refinance beats a line of credit

If you're consolidating debt or paying for something large that you'll repay over years, a refinance usually beats a HELOC. The rate is lower, the payment is set up to pay off the balance, and you aren't exposed to every prime move for the next decade.

A HELOC makes more sense when you need flexibility and repeated access, and you have a plan to pay it back.

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.

Get an email when this rate moves

Pick a target and we’ll email you when our published rate reaches it, or every time it changes. Daniel can also check what lenders are charging today for a file like yours. Renewing? Plan your renewal

Set a rate alert

Today’s HELOC rate is 5.95% (5.95% APR), as of September 21, 2026 at 9:00 a.m. MT. We’ll email you when it moves.

Rate to watch

Email me

When it reaches my targetWhenever it changes

Target rate

Today it's 5.95%. We'll email you when it's at or below your target.

Email me from RateLens (Daniel De Sousa, Mortgage Associate with Indi Mortgage) when the rate I picked changes or reaches my target. I can unsubscribe at any time. (Required)

We check once a day after we publish rates and send at most one email per move. We use your email only for these alerts. See our Privacy Policy.

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.

See past Bank of Canada decisions

Policy rate: 2.25%; Held September 2, 2026
Prime rate: 4.45%; As of September 15, 2026
Next scheduled announcement: October 28, 2026

Questions about these rates

Is a HELOC rate the same as a mortgage rate?

No. A HELOC is priced at prime plus a spread and reprices the moment prime moves, with no term and no rate hold. A mortgage rate is fixed or discounted-variable for a set term. HELOCs almost always cost more than a first mortgage on the same property.

Do I get qualified on the HELOC limit or the balance I draw?

On the full limit. Lenders qualify you as if the whole line were drawn, at a qualifying rate. That's why a large unused HELOC can reduce what you qualify for elsewhere.

Can I convert part of a HELOC into a fixed mortgage?

With a readvanceable product, usually yes. You can move a drawn balance into an amortizing fixed portion under the same charge. It's the standard way out of a line that has stopped going down, and it's worth setting up before the balance gets uncomfortable.

More rate pages

By term

By type

By location

Rate data

Mortgage help in Edmonton, St. Albert, Sherwood Park, Spruce Grove and the rest of Alberta.

Sharp rates. The full picture.

Get this rate priced for your file

It's 6 questions and takes about two minutes, with no credit check to start. Daniel will come back with the rate your file prices at and its monthly payment.

Check my HELOC rate Or talk to Daniel