Best Mortgage Rates in Edmonton 2025
Alberta's capital: no land transfer tax and Canada's most affordable major city. Find the lowest rates.
Current Edmonton Mortgage Rates
5-Year Fixed
4.19%
Best available rate
5-Year Variable
3.85%
Prime -0.60%
Edmonton Advantage: Average home price $390K, no land transfer tax, affordable property taxes. You can buy a detached home here for the price of a Toronto condo.
First-Time Buyer Advantage
Alberta: No Land Transfer Tax
Unlike Ontario and BC, Alberta has no land transfer tax. You save $5,000-$15,000+ in closing costs. Only a small registration fee (~$300-500) applies.
First Home Savings Account (FHSA)
Save up to $40,000 tax-free for your first home. Contributions are tax-deductible, and withdrawals for home purchase are tax-free.
Home Buyers' Plan (HBP)
Withdraw up to $35,000 from your RRSP ($70K for couples) for your down payment.
Edmonton Market Factors
Most Affordable Major City
Average home price ~$390K. Detached homes under $500K are common. First-time buyers can afford detached homes.
Diversified Economy
Healthcare, education, government, and tech sectors provide stability beyond oil and gas.
World-Class Infrastructure
Anthony Henday Drive ring road, LRT expansion, and excellent healthcare facilities.
River Valley Parks
North America's largest urban park system - 22x the size of New York's Central Park.
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