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Mortgage Interest Rates - Calgary1, 2

Applying for a mortgage is an important milestone in your life—and that’s why we’re ready to help guide you along the way. If you live in Calgary, understanding mortgage interest rates in Alberta can be helpful for saving in the long term. When shopping for a mortgage you should consider several factors that depend on your financial goals and needs. One of the decisions you’ll have to consider is what type of mortgage works best for you, based on your financial circumstances.

  • With a fixed rate mortgage, the interest rate and the regular payments you make will stay constant for the term of your mortgage, offering stability.
  • With a variable rate mortgage, the interest rate will change when the TD Mortgage Prime Rate changes. This means that the portion of your payment that goes toward the principal may increase or decrease over the term of your mortgage.8

What is an APR? Its an annual percentage rate that reflects, in addition to interest, some or all of the fees that apply to your mortgage loan. To understand how we calculated the APR, please see below.

TD Special Mortgage Rates


Special Rate3

3 Year Fixed Closed7



5 Year Fixed Closed7



5 Year Fixed Closed High-Ratio9



5 Year Variable Closed6

TD Mortgage Prime Rate
%: %


TD Mortgage Prime Rate is %

The Annual Percentage Rate (APR) is based on a $300,000 mortgage, 25 year amortization, for the applicable term assuming monthly payments and fee to obtain a valuation of property of $300. If there are no fees, the APR and interest rate will be the same. APR is rounded to three decimal places.

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The Calgary housing market: Things to know

As of November 2023, average home prices in Calgary are below the national average. Here's what you need to know.10

  • The average cost of a home in Calgary is just above $557,000 — lower than the national average.11
  • Before you start searching for your home, it’s important to consider how much debt you can take on. Enter your details to find out how much you might be able to borrow.

Mortgage rules

Canada’s mortgage qualification rules were updated on June 1, 2021 and we want to help you understand how you may be affected. Our TD Mobile Mortgage Specialists are ready to help guide you through these changes.

Mortgage basics

Whether you live in Calgary or another province, help you understand the language so you’re able to make the right decisions.

  • Down payment
    down payment is the amount of money you put towards the price of a home at the time of purchase.
  • Amortization period vs term
    The amortization period and a mortgage term have different meanings.
    The amortization period is the total number of years it takes to pay off your mortgage assuming the interest rate and payment amount remains the same. If your down payment is less than 20%, your maximum allowable amortization period is 25 years. If your down payment is greater than 20%, you could have an amortization period of up to 30 years.
    mortgage term is the length of time you’re committed to a mortgage rate, lender, and associated conditions. TD has mortgage terms ranging from 6 months to 10 years, with 5 years being the most common option.
  • Payment frequencies
    Enjoy the flexibility of choosing how often to pay. You can determine your payment schedule, such as Weekly, Bi-Weekly, Monthly or several other options.
    Did you know? Paying every other week might seem the same as paying twice a month but it's not. You’ll be making two extra principal and interest payments a year potentially saving thousands of dollars in interest over the term.

Learn more about our Mortgage Terms or visit the glossary.

What is the cost to buy a home? In Calgary (or in Canada)

Some homes are listed for a few hundred thousand dollars while others go for millions.

Some costs to consider include the down payment, mortgage payments, appraisal fee, renovations, home inspection, legal fees and title insurance.

There are also additional costs that vary by province, such as land transfer tax, mortgage registration fee and possibly even a municipal land transfer tax. Plus, don’t forget the moving costs!

How can I get a mortgage in Calgary (or in Canada)?

  • You could start by filling out a mortgage pre-approval to find out how much you may be able to borrow.
  • Getting a mortgage pre-approval is a great way to find out how much you may be able to borrow. It’s a tool that can help guide you.
  • Once you find the house you would like to purchase, you would apply for the mortgage.
  • You may need to pass a stress test. Learn about mortgage rules in Canada.
  • Once a lender approves the loan, you’ll review the terms and conditions of your mortgage.

Additional resources

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Ways to apply

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