Alberta's Trusted Mortgage Brokers 90% of Our Business is Right Here at Home
From Calgary’s booming downtown to Edmonton’s river valley, Red Deer’s growing communities to Lethbridge’s university district – we know Alberta’s mortgage market inside and out
Licensed | 30+ Lenders | Local Since 1995 I lowest rates in Alberta
Area of Operations
Calgary
$85K+ household income for average home
Edmonton
$70K+ household income for average home
Red Deer
$65K+ household income for average home
Lethbridge
5% for homes under $500K
Your trusted mortgage advisors across Calgary, Edmonton, Red Deer, and Lethbridge.
Alberta Mortgage Market Overview
- Provincial Trends:
Alberta’s housing market in 2025 is robust, with the average price reaching $528,261 — up 4.0% year-over-year. Benchmark prices trend at $523,700 (+1.8%), but activity has slowed, with total residential sales down 8% and inventory up 18%. The province leads Canada in population growth, driving sustained demand and long-term stability even as sales pace moderates. - From Calgary’s booming downtown to Edmonton’s river valley, Red Deer’s growing communities to Lethbridge’s university district — we know Alberta’s mortgage market inside and out.
Price Forecast by Property Type:
| Property Type | Alberta 2025 Forecast | Growth Rate |
|---|---|---|
| Detached Homes | $689,000 | +7.4% |
| Townhouses | – | +6.2% |
| Condos | – | +5.8% |
- Alberta’s median price growth is set to outpace national trends, reflecting a unique mix of affordability and investment potential.
- Population Growth (record-breaking net migration).
- Economic momentum: Job gains in finance, real estate, social services.
- Affordability compared to other provinces; home ownership remains accessible with median prices far below national averages.
- Mortgage rates: Best available high-ratio 5-year fixed rate is 3.89%, 5-year variable is 3.95% as of August 2025. Bank of Canada’s policy rate is steady at 2.75%.
Why Alberta is Canada's Best Kept Secret for Home Buyers
Economic Foundation
Alberta’s economy has diversified significantly beyond oil and gas, creating stable
homeownership opportunities. The province leads in technology job growth, renewable energy investment, and has the highest concentration of head offices outside Toronto. With no provincial sales tax and Canada’s lowest tax burden, Albertans keep more income for homeownership.
Key Advantages
- 40% less expensive than Toronto equivalent properties
- 50% less expensive than Vancouver markets
- Family earning $90K can afford quality homes in most markets
- $30 billion in infrastructure investments over next decade
- 150,000+ new residents annually (twice national average)
Major Alberta Markets
Calgary - Economic Engine
Population: 1.3M+ | Average Price: $465K | Growth: +3.2% annually
Popular Areas:
- Inner City: Kensington ($650K), Hillhurst ($575K), Inglewood ($480K)
- Family Areas: Tuscany ($485K), Arbour Lake ($465K), Royal Oak ($445K)
- New Communities: Mahogany ($425K), Auburn Bay ($395K), Cranston ($415K)
- Affordable Options: Forest Lawn ($285K), Dover ($295K), Marlborough ($310K)
Economy: Energy (85K+ jobs), Technology (35K+ jobs), Financial services Average Income: $98,500 (25% above national average) Market Stats: 28 days on market, 2.1 months inventory, 4.2% rental vacancy
Edmonton - Capital Advantage
Population: 1M+ | Average Price: $385K | Value: 15% below Calgary
Key Areas:
- River Valley: Oliver ($425K), Garneau ($465K), Windsor Park ($385K)
- Family Communities: Riverbend ($445K), Terwillegar ($485K), Summerside ($465K)
- New Developments: Keswick ($395K), Rosenthal ($375K), Paisley ($355K)
- Value Areas: Mill Woods ($315K), Clareview ($285K), Castle Downs ($295K)
Economy: Government (85K+ jobs), Healthcare, Education (65K+ students), Energy Average Income: $89,750 Investment Appeal: 5.8% gross rental yields
Red Deer - Central Hub
Population: 105K+ | Average Price: $365K | Regional Center: 275K+ served
Communities:
- Established: Kentwood ($375K), Bower ($385K), Johnstone Crossing ($365K)
- New Family: Riverside Meadows ($425K), Clearview Ridge ($445K)
- Acreage: Sylvan Lake area ($525K), Pine Lake ($485K)
Economy: Manufacturing, Agriculture, Energy services Average Income: $78,500
Lethbridge - Education Hub
Population: 72K+ | Average Price: $315K | Students: 14,500+
Areas:
- West Side: Copperwood ($425K), Crossings ($395K), Paradise Canyon ($375K)
- University: Varsity Village ($385K), University Heights ($365K)
- Value Options: Riverstone ($295K), Northside ($275K)
Economy: Education, Healthcare, Agriculture, Wind energy Average Income: $72,500
Emerging Markets
- Fort McMurray: $350K average, $115K+ income, rebuilding opportunity
- Grande Prairie: $285K average, energy services hub
- Medicine Hat: $245K average, lowest utility costs in Canada
First-Time Buyer Programs
Federal Programs
- First-Time Buyer Incentive: 5-10% shared equity loan
- Home Buyers’ Plan: Withdraw up to $35K from RRSP tax-free
- Tax Credit: $750 non-refundable credit
- GST Rebate: Up to $6,300 on new homes
Alberta-Specific Programs
- Alberta Homeownership Program: Down payment assistance up to $35K
- Indigenous Housing Corporation programs
- Rural and remote housing initiatives
- Municipal programs in Calgary and Edmonton
Area of Operations
Calgary
$85K+ household income for average home
Edmonton
$70K+ household income for average home
Red Deer
$65K+ household income for average home
Minimum Down Payment
5% for homes under $500K
Mortgage Solutions
Residential Products
- First-Time Buyer Programs: 5% down, extended amortization options
- Move-Up Solutions: Bridge financing, equity take-out, portable mortgages
- Executive Programs: Jumbo mortgages, asset-based lending, private banking
Lender Network
- Big Banks: Best rates for AAA credit, professional programs
- Credit Unions: Community focus, competitive member rates
- Alternative Lenders: Self-employed friendly, credit rebuilding
- Private Lending: Bridge financing, unique properties, fast approvals
Market Intelligence
Current Environment
- Rates: 5.89%+ (updated daily)
- Market Conditions: Balanced with healthy inventory
- Seasonal Patterns: Spring surge (40% of transactions), winter opportunities
- Investment Yields: Calgary 4.8-6.2%, Edmonton 5.8%+
Economic Indicators
- Oil Price Impact: $60-80/barrel balanced conditions
- Employment Growth: Technology and diversified sectors leading
- Population Growth: Sustained in-migration supporting demand
Success Stories
Calgary Tech Worker
Profile: Sarah, 28, Software Developer, $95K income Challenge: High student debt, limited down payment Solution: Professional program, extended amortization, family gift Outcome: $485K Kensington home, 5% down, below-posted rate
Edmonton Government Couple
Profile: Mark & Lisa, Government employees, $145K combined Challenge: Previous
bankruptcy, credit rebuilding needed Solution: Alternative lender, staged approach, credit improvement Outcome: $425K Terwillegar home, conventional financing within 2 years
Red Deer Self-Employed
Profile: James, 42, Construction contractor, variable income Challenge: Income
documentation, seasonal fluctuations Solution: Bank statement program, business banking optimization Outcome: $365K family home, investment property within year
Why Choose My Mortgage Medics?
Smart, Simple, Trusted
Expert mortgage solutions tailored to Alberta’s unique real estate market. Whether you’re a first-time buyer or seasoned investor, our brokers guide you every step of the way.
Fast & Easy Mortgage Approvals
Experience a seamless mortgage approval process designed for speed and simplicity. We streamline the paperwork and handle the details so you don’t have to.
Personalized Mortgage Solutions
We don’t believe in one-size-fits-all. Our brokers take time to understand your financial goals and recommend the best mortgage products suited to your needs
Transparent Rates & Expert Advice
Stay informed with clear, up-to-date mortgage rates and trusted advice. No hidden surprises—just expert support throughout your mortgage journey.
Fair Service Fees, No Surprises
Our services come with transparent fees that reflect the value and expertise we provide. We’ll walk you through all costs upfront so you know exactly what to expect—no hidden charges.
Local Market Expertise
Alberta’s real estate landscape is diverse and ever-evolving. Our mortgage brokers have in-depth knowledge of local market trends, helping you make well-informed decisions in cities like Calgary, Edmonton, and beyond.
Get Your Free Alberta Mortgage Analysis - Tailored to Your City
Frequently asked questions
Calgary $85K+, Edmonton
$70K+, Red Deer $65K+ for average homes with 20% down. Lower with high-ratio financing.
Alberta's diversified
economy is viewed favorably. Energy sector workers need income documentation over multiple
years.
Expect 1.5-2.5% of purchase price in closing costs. No provincial land transfer tax saves money vs other provinces.
Calgary offers higher incomes and growth, Edmonton provides better value and government stability. Both excellent choices.
Pre-approval: Same day to 48 hours. Final approval: 7-14 days with complete documentation.
Yes, we specialize in relocation mortgages with remote processing and income verification.
Alberta offers exceptional value compared to other major markets. Personal circumstances matter more than market timing.
