Best Mortgage Rates in Calgary 2025
Enjoy lower closing costs and competitive rates in Alberta's largest city
Current Calgary Mortgage Rates
5-Year Fixed Rate
4.19%
Starting from
5-Year Variable Rate
3.85%
Starting from
💰 Alberta Advantage: No Land Transfer Tax
Unlike Ontario and BC, Alberta has no land transfer tax. On a $500,000 home, you save $8,000-$10,000 compared to Toronto buyers!
Calgary Housing Market Overview
Calgary offers exceptional value compared to Toronto and Vancouver. With average home prices around $540,000 and no land transfer tax, Calgary is one of Canada's most affordable major cities for homebuyers.
Average Home Prices (2025)
Detached Homes
$680,000
Semi-Detached
$485,000
Townhouses
$410,000
Apartments
$295,000
Alberta's Housing Market Advantages
- No Land Transfer Tax: Save thousands on closing costs
- No Provincial Sales Tax on CMHC: Unlike Ontario and Quebec
- Higher Median Income: $72,000 vs $56,000 national average
- Lower Overall Costs: Utilities, insurance, and property taxes tend to be lower
- Strong Economy: Diversifying beyond energy with tech and finance growth
First-Time Buyers in Calgary
Calgary is an excellent market for first-time buyers. Here's why:
Affordable Entry Point
With average prices 50% lower than Toronto, your down payment goes much further.
Lower Closing Costs
No land transfer tax means you keep thousands for your down payment or home improvements.
Competitive Mortgage Market
Many lenders compete aggressively for Calgary mortgages, keeping rates competitive.
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