📍 Calgary, AB · Updated August 11, 2026
Today's best Calgary mortgage rates
The sharpest fixed and variable rates we're seeing across our 40+ lender panel, broken out by scenario. Rates move constantly — the number that matters is the one you personally qualify for.
Purchase & Renewal 5–19% down
Insured / high-ratio pricing — usually the sharpest rates. Applies to purchases with less than 20% down, and to renewals of mortgages that were insured at origination.
| 1 Year Fixed | 4.59% |
| 2 Year Fixed | 3.99% |
| 3 Year Fixed | 4.04% |
| 4 Year Fixed | 4.19% |
| 5 Year Fixed | 4.09% |
| Variable RateBEST | 3.55% |
Purchase & Renewal (20%+ down)
Owner-occupied, conventional (uninsured) pricing for buyers, transfers/switches, or renewals with at least 20% down or equity.
| 1 Year Fixed | 4.84% |
| 2 Year Fixed | 4.24% |
| 3 Year Fixed | 4.29% |
| 4 Year Fixed | 4.44% |
| 5 Year Fixed | 4.39% |
| Variable RateBEST | 3.70% |
Refinance – Owner Occupied
For refinancing that lowers your payment, extends amortization, or pulls out equity. Priced on a 25-year amortization; extending to 30 years may add a small premium at some lenders.
| 1 Year Fixed | 4.84% |
| 2 Year Fixed | 4.24% |
| 3 Year Fixed | 4.29% |
| 4 Year Fixed | 4.44% |
| 5 Year Fixed | 4.19% |
| Variable RateBEST | 3.90% |
Rates shown are for illustration only, are subject to change without notice, and are not an offer or approval of credit (O.A.C.). Insured (high-ratio) rates apply to eligible owner-occupied purchases with less than 20% down and mortgage default insurance; conventional/uninsured rates (20%+ down/equity) differ. Refinance rates assume a 25-year amortization. Actual rates and products vary by lender, term, mortgage type, property, and borrower qualification. Contact Josh Tagg for a personalized quote.
Understanding the numbers
Insured vs. conventional
The lowest advertised rates are usually insured (high-ratio) rates — available to buyers with less than 20% down who carry mortgage default insurance (CMHC, Sagen or Canada Guaranty). With 20%+ down or equity you're conventional (uninsured), priced a little differently. Neither is automatically "better" — it depends on your whole picture.
Refinances are their own thing
When you refinance to lower your payment, extend amortization or pull out equity, the mortgage is uninsured and priced accordingly. The refinance rates above assume a 25-year amortization; stretching to 30 can nudge the rate up slightly at some lenders — a small trade-off we'll walk through together.
Fixed vs. variable
A fixed rate stays the same for your term, so your payment is predictable. A variable rate moves with the lender's prime rate — it can save you money when rates fall but costs more when they rise. The right choice is about your budget and how you feel about rate movement.
What actually decides your rate
- Down payment / equity — how much you're putting in or have built up.
- Credit — your history and score.
- Property & use — owner-occupied, rental, condo, etc.
- Term & amortization — how long you lock in and pay off.
- Income & qualification — including the federal stress test.
Want your exact rate?
The tables above are today's featured rates for illustration. Send me a few details and I'll shop 40+ lenders for the sharpest rate that actually fits you — no obligation.
Mortgage rate questions
What is the best mortgage rate in Calgary right now?+
Today's featured rates start at 3.55% for insured mortgages and 3.70% for conventional (20%+ down), updated August 11, 2026. Your actual rate depends on your down payment, credit, property and term — Josh Tagg shops 40+ lenders to find the sharpest one you qualify for.
Why are insured (high-ratio) rates lower than conventional rates?+
Mortgages with less than 20% down carry default insurance (CMHC, Sagen or Canada Guaranty), which reduces the lender’s risk — so those insured rates are usually the lowest advertised. With 20%+ down you’re conventional (uninsured), which is priced a little higher but has other advantages.
Should I choose a fixed or variable rate?+
A fixed rate stays the same for your term, so your payment is predictable. A variable rate moves with the lender’s prime rate — it can save money when rates fall but costs more when they rise. The right choice depends on your budget and comfort with rate movement.
Are these rates guaranteed?+
No — rates shown are today’s featured rates for illustration only, are subject to change without notice, and are not an offer or approval of credit (O.A.C.). Contact us for a personalized quote based on your situation.
Ready to lock in a great rate in Calgary?
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