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2015 Edmonton Mortgage Rates: Low 2.20%, It's Time To Buy!

Edmonton Low Mortgage Rate

The mortgage environment in Alberta is looking more attractive than it was a year ago. Edmontonians can now enjoy mortgage rates for as low as 2.20% (variable). If you're thinking of purchasing an Edmonton home, this a good time to do it due to cheap financing.

This is a good counter for the increase in the cost of living as reported by TradingEconomics.com, March 2015 Shelter Costs rose to 1.4% year-over-year. "Consumers also paid more for rent (+1.4 percent), property taxes (+2.2 percent) and electricity (+3.0 percent)." it added.


source: tradingeconomics.com

 Below is a tabular data that summarizes  the mortgage rate across different financial institutions.

 
 
Financial Institution Mortgage Term
  Variable 6 Mth 1 Year 2 Year 3 Year 4 Year 5 Year
5
Alberta Equity Mortgage 2.2 3.95 2.29 2.19 2.34 2.49 2.54
6
ATB Financial 2.35 4 2.94 2.64 2.54 2.69 2.74
7
Alterna Bank 2.45 4 2.98 2.98 2.98 2.94 2.78
8
Alterna Savings 2.45 4 2.98 2.98 2.98 2.94 2.78
9
Bank of Montreal (BMO) 2.85 4 2.89 2.84 3.39 3.89 4.74
10
Bank of Nova Scotia 2.85 4.55 3.29 3.09 3.39 3.89 4.49
11
CIBC Mortgages 2.85 4.45 2.89 2.84 3.55 4.14 4.79
12
Caisses Desjardins 2.85 4.4 2.89 2.99 3.39 3.89 4.74
13
Canadian Western Bank 3.05 4 3.14 3.04 3.65 4.2 4.79
14
Canadian Western Trust 3.05 4 3.14 3.04 3.65 4.2 4.79
15
Comtech Credit Union - 6.2 2.89 2.89 2.95 2.99 2.79
16
DUCA Financial Services 2.65 - 3.09 3 2.99 3.09 2.69
17
Effort Trust - 4.45 3.35 3.5 3.7 4.3 4.35
18
Equitable Bank - - 3.14 3.04 3.65 4.39 4.64
19
First Calgary Financial - 4 2.89 2.89 2.49 3.09 2.65
20
First National Financial LP 2.2 3.1 2.29 2.19 2.34 2.54 2.69
21
FirstOntario Credit Union 2.85 4.24 2.99 3.04 3.19 2.99 2.79
22
HSBC Bank Canada 2.85 4.45 3.14 3.14 3.54 4.24 4.74
23
Home Trust Company 2.5 3.95 2.89 2.44 2.54 2.64 2.64
24
ICICI Bank Canada 3.05 - 3.15 3.65 3.64 3.69 3.69
25
Investors Group Trust 2.85 4.2 3.14 3.09 3.75 4.39 4.79
26
Laurentian Bank Canada 2.85 4.4 2.89 2.84 3.39 3.89 4.74
27
League Savings & Mortgage - 4 2.99 2.89 2.99 2.99 2.85
28
Libro Credit Union - 3.75 2.85 2.85 2.89 2.89 2.89
29
London Life 2.85 4.2 3.14 3.09 3.75 4.39 4.79
30
Manulife Bank 2.55 4.45 3 2.94 2.84 2.79 2.79
31
Manulife Trust - 4.45 3 2.94 2.84 2.79 2.79
32
Meridian Credit Union 2.65 4 3.09 3.09 3.55 3.29 2.69
33
National Bank 2.85 4.4 2.89 2.84 3.39 3.89 4.74
34
Ontario Civil Service CU 2.85 6 3.09 3.04 3.5 3.04 2.99
35
PACE Savings & CU - 5 2.89 2.59 3.39 3.89 4.64
36
Parama Credit Union 2.65 - 2.8 2.85 2.95 3.05 3.15
37
Peace Hills Trust - 4.5 3.15 3.5 3.75 3.85 3.95
38
President's Choice Financial 2.85 6.19 3.19 2.84 3.49 4.04 4.44
39
Royal Bank of Canada (RBC) 2.85 3.14 3.14 3.04 3.65 4.39 4.64
40
Servus Credit Union - 4 2.89 2.84 3.39 3.89 4.64
41
Steinbach Credit Union - - 2.6 2.7 2.75 2.85 2.85
42
TD CanadaTrust 2.85 3.14 2.89 2.84 3.39 3.89 4.64
43
Tangerine 3 - 3.19 3.24 3.49 3.69 3.79
44
Windsor Family CU - 4.45 3.14 3.14 3.75 3.95 3.79
45
Your Neighbourhood CU - - 2.99 3 3.19 3.3 3.19

Data courtesy of AlbertaEquity.com | Last updated 16 March 2015

For a complete list of all Edmonton Homes For Sale on the market, check out our new and improved Edmonton MLS Listings. It is updated daily for your convenience.

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