As of April 2026, Edmonton is firmly in a balanced market that is currently gaining seasonal momentum from the spring rush. While the high-intensity seller's advantage of the
Mortgage Rates & Affordability Update for March 2025
Dated: March 24 2025
Views: 190
This week in mortgages:
- Bank of Canada dropped their prime lending rate by 0.25% last Wednesday, affecting variable rates.
- tonight we have 12 hours of night, then we begin having more day time than night time :)
5 YEAR RATES (not including low rate specials with restrictions):
Fixed insured 4.09 (-0.05 decrease)
Variable insured 4.05 (-0.20 decrease)
Fixed conventional 4.29 (-0.10 decrease)
Variable conventional 4.25 (-0.35 decrease)
Rentals Fixed 4.44 (-0.15 decrease)
Rentals Variable 4.75 (-0.25 decrease)
LENDER TURNAROUND TIMES:
2-3 days for a Conditional Mortgage Commitment, and similar for any back and forth of documents.
NEWS PIECE or TIDBIT:
Enjoy the daylight!
Have a productive and enjoyable week!
Courtesy of James Sicotte | Polaris Mortgage Planners | (780) 719-6888
Larry Kennedy
I work, live & play full time in Edmonton AB. I have a diverse background that’s led me to real estate and all its dealings. I practice listening, communication and negotiation skills daily. I’m ....
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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
Information last updated on September 26, 2026 9:40 PM UTC