Variable rates by lender and prime
Every variable rate a lender that lends in Alberta published, its own prime and the spread, and what a move in prime does to an adjustable payment.
Lowest variable rate collected3.66%nesto · 5-year · $2,036.98 a month on $400,000
- After a prime move
- $2,036.98
- pick a move
- Lenders' prime
- 4.45% / 4.70% / 4.85%
- as stated on their pages
- Variable rates
- 10
- lenders that lend in Alberta
Estimate, not advice. Educational estimate only, not financial, mortgage, tax or legal advice. Lenders, insurers and governments set their own rules and can change them; confirm with a licensed professional before you decide.
Lowest variable: nesto 3.66%; payment $2,036.98.
| Lender | Rate | Its prime | Spread | Monthly |
|---|---|---|---|---|
| nesto (Alberta)5-year · insured | 3.66% | 4.70% | −1.04 | $2,036.98 |
| Lakeland Credit Union (Alberta)5-year · insured | 3.80% | 4.70% | −0.90 | $2,067.43 |
| ATB Financial (Alberta)5-year · insured | 3.90% | 4.70% | −0.80* | $2,089.32 |
| RBC Royal Bank5-year · insured | 4.10% | 4.70% | −0.60 | $2,133.50 |
| Tangerine5-year · not split by down payment | 4.20% | 4.70% | −0.50* | $2,155.77 |
| BMO5-year · not split by down payment | 4.35% | 4.70% | −0.35* | $2,189.41 |
| National Bank5-year · not split by down payment | 4.35% | 4.70% | −0.35 | $2,189.41 |
| CIBC3-year · not split by down payment | 4.40% | 4.70% | −0.30* | $2,200.69 |
| Simplii Financial5-year · not split by down payment | 4.45% | 4.70% | −0.25* | $2,211.99 |
| TD5-year · not split by down payment | 4.54% | 4.85% | −0.31 | $2,232.42 |
* Spread worked out as the published rate minus the lender's own prime; the lender's page doesn't state it.
| Prime move ↓ / Lender rate → | nesto 3.66% | Lakeland 3.80% | ATB 3.90% | RBC Royal Bank 4.10% | Tangerine 4.20% |
|---|---|---|---|---|---|
| −0.50 | $1,930.30 | $1,959.85 | $1,981.11 | $2,024.01 | $2,045.66 |
| −0.25 | $1,983.24 | $2,013.24 | $2,034.82 | $2,078.36 | $2,100.32 |
| today | $2,036.98 | $2,067.43 | $2,089.32 | $2,133.50 | $2,155.77 |
| +0.25 | $2,091.52 | $2,122.41 | $2,144.62 | $2,189.41 | $2,211.99 |
| +0.50 | $2,146.85 | $2,178.17 | $2,200.69 | $2,246.09 | $2,268.98 |
| +0.75 | $2,202.95 | $2,234.70 | $2,257.52 | $2,303.54 | $2,326.72 |
| +1.00 | $2,259.81 | $2,291.99 | $2,315.11 | $2,361.72 | $2,385.21 |
What is driving this result
- nesto's 3.66% is the lowest variable rate we collected for under 20% down: its prime of 4.70% minus 1.04.
- Each lender sets its own prime. 14 lenders state 4.70%; Bow Valley Credit Union states 4.45%; TD states 4.85%. A prime-minus discount is only as good as the prime it's taken from.
- Each 0.25-point move in prime changes the payment on $400,000 by about $54.54 a month at nesto's rate.
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Assumptions & sources
Assumptions
- Variable rates as published (or the lender's prime plus its stated spread where the page shows only “prime − x”).
- Spread: stated by the lender where shown; otherwise the published rate minus the lender's own prime.
- Payments assume an adjustable-payment variable (the payment changes with prime), monthly compounding. On a fixed-payment variable the payment stays the same and the split between interest and principal changes instead.
- A prime move is illustrative; it isn't a forecast.
Sources
- Bank of Canada — Press release: policy rate raised to 2.5% (October 28, 2026) (effective October 28, 2026). Checked .
- Bank of Canada — Policy interest rate. Checked .
- Financial Consumer Agency of Canada — When interest rates rise. Checked .
- nesto — Mortgage rates page. Checked .
- Lakeland Credit Union — Mortgage rates page. Checked .
- ATB Financial — Mortgage rates page. Checked .
- RBC Royal Bank — Mortgage rates page. Checked .
- Tangerine — Mortgage rates page. Checked .
- BMO — Mortgage rates page. Checked .
- National Bank — Mortgage rates page. Checked .
- CIBC — Mortgage rates page. Checked .
- Simplii Financial — Mortgage rates page. Checked .
- TD — Mortgage rates page. Checked .
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