Best Year Best-mortgage-rates-edmonton Mortgage Rates in Edmonton
Edmonton mortgage rates are heavily influenced by mortgage brokers. These are the lowest rates from providers with offices in or near the city. For out-of-town providers check the best rates in Alberta.
If you remember just one thing from this page, let it be this: the lowest mortgage rate and the best mortgage rate are not synonymous.
Edmonton Mortgage Rates
City in Brief: Edmonton is Alberta‘s second largest city and is unique among the Americas as the northernmost city with a population of more than one million. The city serves as a base for large-scale oil sands projects in the northern part of the province, along with diamond mining in the Northwest Territories. The city is perhaps best known for its sprawling West Edmonton Mall, the largest in North America, and world’s largest from 1981 to 2004.
Population: 932,546 (Source: StatsCan census, 2016)
Average Home Value: $370,252 (as of September 2017; Source: CREA)
Home Price Change (year-over-year): -1.1%
Minimum Down Payment: $18,512 (based on average home price)
* Note: This page lists lenders with branches in the city and mortgage brokers with registered offices in the city. For a full list of mortgage providers in the province, check the Best Mortgage Rates Alberta page. (Image source: Wikipedia)