Looking for the Best Mortgage Rates
in Western Canada?
From the rolling wheat fields to the rocky mountains of Alberta to the scenic coastlines of BC, and from cattle ranches to a true cowboy spirit, these provinces offer more than just breathtaking landscapes—they’re also home to some of the best mortgage rates! Whether you’re in Calgary, Edmonton, Vancouver, Victoria, Regina or anywhere in between, we’re here to help everyone in Alberta, British Columbia, and Saskatchewan achieve their homeownership dreams with unbeatable rates.
Current Mortgage Rates in Calgary 2025
The current competitive mortgage rates create optimal conditions for you to secure home financing. You will discover market fluctuation points and opportunities to benefit from these rates in the following analysis.
3-Years Fixed
3.89%
5 year variable
3.55%
5 year Fixed
3.94%
Our Mortgage Rates
Mortgage Calculator
Term
Rates From
Payment as low as
3 Year Fixed
3.89%
$4415/ mo
5 Year Fixed
3.94%
$2755 / mo
5 Year Variable
3.55%
$795 / mo
With lower Alberta mortgage rates- Keep more of your money!
Your best mortgage rate can save you thousands. What are you waiting for? Apply now to get your best rate — or give us a call.
It’s free and no obligation to see what we can do for you. Whether you’re looking for a home or vacation or investment property, we will work for your best mortgage rate. Plus, we can explain the ins and outs of how lenders see your application and what you can do to get an even better rate and what documentation that will be required. Even better our secure online client portal allows you to load up your documentation with ease and security! No one does it better that Dominion Lending Centers! And, if you have more complex mortgage needs that a traditional bank can’t help you with — we have the flexibility to help find a short-term mortgage solution to see you through.
A few minutes with us could save you thousands. We will help you get the lowest rate possible for your situation. Sometimes we can even get you a lower rate with your with your own bank. Our personal based approach allows us to access a wide selection of lenders and products on your behalf — to help you save the most and reach your mortgage goals sooner.
Understanding the word "Insurance" - Yes we know it comes up a lot...
When comparing mortgage rates, it’s important to ensure you’re comparing apples to apples—not an apple to a horse! In Canada, the word “insurance” often comes up in mortgage discussions, and it’s important to understand what it really means in the context of your mortgage. Here’s a breakdown of the key types of insurance and mortgage rates you may encounter:
1.Mortgage Default Insurance (CMHC)
Mortgage default insurance is required if your down payment is less than 20%. This insurance protects the lender if you default on your mortgage. In Canada, there are three main institutions that provide this coverage:
CMHC (Canada Mortgage & Housing Corporation)
The most well-known, government-backed insurer.
Sagen (formerly Genworth Financial)
A private insurer that offers similar protection with different terms and costs.
Canada Guaranty
Another private insurer offering competitive rates and flexible terms.
2. Mortgage Life Insurance - Manulife Mortgage Protection Plan (MPP)
Your home may be your greatest asset, but the most important thing in life is your family. With the rise in illness, household debt at an all-time high, and Canadians carrying larger mortgages, financial protection is more important today than ever before.
That’s where the Manulife Mortgage Protection Plan® (MPP) comes in. MPP ensures your mortgage payments are covered if the unexpected happens, giving you peace of mind knowing that your family will be taken care of, even if something happens to you. It’s there when life throws you a curveball, offering certainty in an uncertain future.
3. Home Insurance
Home insurance is mandatory when you have a mortgage. Every lender requires home insurance to protect the property against damage from fire, theft, or natural disasters. However, not all home insurance policies are the same.
It’s essential to shop around and fully understand what’s included in your policy. Some insurance plans might offer basic coverage, while others could include extra protection, such as flood coverage or liability insurance. Make sure that your policy covers replacement costs and liability to fully protect both your home and your investment
Types of Mortgage Rates
Insured Rates
These are the default insured rates, typically available when your mortgage is insured through institutions like CMHC, Sagen, or Canada Guaranty. This insurance protects the lender in case of default and applies to mortgages where the down payment is less than 20%.
Insurable Rates
These rates are similar to insured rates, but the insurance premium is paid by the lender rather than the borrower. These rates are tiered based on your loan-to-value (LTV) ratio, with different rate sections available depending on how much you are borrowing relative to the value of your home.
Conventional Rates
Conventional rates apply to mortgages with a down payment of 20% or more, which means you do not need mortgage default insurance. However, conventional mortgages may require additional documentation or requirements, such as an appraisal, before approval.
