Edmonton Mortgage Rates

Edmonton's best Mortgage Brokers

We're the mortgage brokers who know the City of Edmonton and its surrounding area inside and out.

Our True North Mortgage specialists work hard to bring you 5-Star customer service and impressive rates, with handy locations for your convenience. Our ability to find the right mortgage product, combined with a lower rate, is why we’re the top-rated mortgage broker in Edmonton.

Every mortgage situation is unique, and our highly-trained mortgage brokers can provide the answers and information to quickly determine your best mortgage solution. And, a great rate doesn't need to mean "no-frills." By doing huge volume, we simply get better rates on the otherwise identical mortgages.

Visit our store located in downtown Edmonton in the City Centre Mall.

Edmonton City Centre or 1 (587) 400-2799

Apply for your TrueRate in minutes.

Rules have changed. Everyone's rate is unique.

Canadian regulations have changed the way mortgages work. You must now qualify for your rate. Factors like equity in your home and personal credit will impact the rate.

Get Your Best Rate
Mortgage
Size
Term
Rates From
Payments as low as
1 Year Fixed
1.79%
$1678 /mo
2 Year Fixed
1.49%
$1678 /mo
3 Year Fixed
1.49%
$1678 /mo
4 Year Fixed
1.69%
$1678 /mo
5 Year Fixed
1.89%
$1678 /mo
5 Year Variable
1.24%
$1678 /mo
HELOC Open
2.95%
$1678 /mo

Use our Mortgage Calculator for accurate payments. Rates posted here only valid in Alberta.

Edmonton's real estate joins the seller's market trend.

Despite the global pandemic disruption, Edmonton is joining the rest of Canada's larger cities in rising house prices and more competition, with experts reporting a new sense of urgency to close on homes while interest rates remain low. This latest upwards trend, however, may balance out if economic factors from challenged industry sectors may eventually demand a reevaluation of current asking-prices.

How are mortgages regulated in Edmonton?

When it comes to mortgage regulation in Edmonton, the Real Estate Council of Alberta (RECA) is the independent governing body that sets, regulates, and enforces standards.

RECA works according to the Real Estate Act of Alberta, which was introduced in 2000. It aims to work on behalf of the consumer to ensure that banks, lenders, and mortgage brokers in Alberta provide the best quality services.

What mortgage insurance is available in Edmonton?

Similar with the rest of Canada, if you buy a home in Edmonton with less than 20% for a down payment, you must also purchase mortgage default insurance.

This is commonly known as CMHC insurance, but is available from more insurers than just CMHC. There are three mortgage insurance providers in Canada: the Canada Mortgage and Housing Corporation (CMHC), Sagen, and Canada Guaranty.

This insurance protects lenders should you default on the mortgage, while still being able to provide lower mortgage rates and mortgages with lower down payment requirements.

Once purchased, the premium is added to your mortgage amount. Then your insurance premium is paid off through your mortgage payments.

How our brokers work with clients and lenders

With so many options to explore, at True North Mortgage, we understand how daunting it can be trying to find the ideal mortgage on your own. We're here to help make your mortgage experience stress-free — with the lowest rates and best mortgage product fit.

We deal with several accredited lenders in volume, which means we can often pass along a lower rate, even from your own bank. But more than a lower rate, our commitment to you means that we take the time to understand your financial situation and then match you with the right lender. All with no obligation, and fast, friendly mortgage service.

Our mortgage brokers are highly-trained and salaried, which means that their focus is on ensuring the best mortgage at the best rate that you qualify for, whether a fixed or variable rate. In fact, we can often find a lower rate on a similar fixed-rate mortgage, which can save you thousands over the life of your mortgage.

Whether you're looking to buy, refinance, or renew, we're confident we can find the right solution for your mortgage needs.

Call us today, or apply online to get started.


Get Your Best Rate

Apply online or speak with one of our mortgage brokers today.
We're available at a location near you — or by phone, email, and online chat.

Edmonton Mortgage Rates

Mortgage Rates are different across Canada. Rates are shown based on your location. If you are planning to purchase out-of-province, be sure to choose rates where the property will be located.

Canada Wide Mortgages

True North Mortgage can complete mortgages anywhere in Canada efficiently over the phone.