National figure — set Canada-wide, so it applies in Calgary too.
The typical interest rate on a 5-year fixed mortgage. This is the rate most Canadian home buyers lock in. A lower rate means lower monthly payments and more buying power.
Recent trend
Last 24 months
What this means for Calgary right now
As of July 2026, Calgary's strongest market signal is Hold at 70% — Buy 47%, Hold 70%, Sell 48%.
Market conditions currently favour holding — prices are stable and inventory is balanced.
What this means for you
If you're buying
A lower rate means lower monthly payments and more home for the same budget. A higher rate shrinks what you can comfortably afford.
If you're selling
Cheaper financing widens your pool of qualified buyers; pricier financing narrows it.
Calgary market context
Alberta's largest market, where energy-sector cycles drive sharper price swings than the national average.
Rental Vacancy · Calgary CMA (CMHC, annual)
5.0%
Unemployment Rate · Alberta (Statistics Canada)
7.5%
Common questions
Is now a good time to buy in Calgary?
As of July 2026, Calgary's strongest market signal is Hold (70%). Market conditions currently favour holding — prices are stable and inventory is balanced. Not financial advice.
Why is the 5-year fixed so common in Canada?
It balances payment certainty with a manageable term — your rate is locked for five years, after which you renew.
What drives the 5-year fixed rate?
It tracks 5-year Government of Canada bond yields more closely than the Bank of Canada overnight rate.