By Josh Tagg, mortgage broker · Mortgages for Less with INDI Mortgage · Calgary, serving all of Alberta ·
The Bank of Canada has kept its main interest rate at 2.25 percent. For Albertans buying a home or refinancing a mortgage, this means borrowing costs are stable. Knowing mortgage rates are unlikely to rise suddenly helps you plan your next move with confidence.
The Canadian economy is stronger than expected. GDP grew 2.6% in the third quarter, and the unemployment rate fell to 6.5% in November. Inflation is steady around 2%, which means prices are stable.
What does the Bank of Canada rate hold mean for Alberta homebuyers?
Even though the economy is improving, some areas are still weak. Trade and certain jobs remain uncertain. The Bank of Canada says the current rate is “about the right level” to keep the economy stable and will act if growth or inflation changes.
For Albertans, this is important. First-time homebuyers and families looking to refinance can plan ahead knowing mortgage rates are not likely to jump soon. This creates a more predictable housing market for Calgary, Edmonton, and other areas in Alberta.
What is happening with home prices and refinancing in Alberta?
After several rate cuts earlier this year, rates are now at 2.25%. Home prices in Canada have only dropped slightly—about 1.4% since the peak.
With borrowing costs stable, it’s a good time to think about refinancing your mortgage to lower monthly payments or secure a better rate. First-time buyers can also act with more certainty, knowing rates are not likely to rise quickly.
What should Alberta homebuyers and homeowners expect in 2026?
The Bank of Canada expects moderate economic growth in 2026, with inflation staying near 2 percent. Upcoming events like the federal budget and trade talks with the U.S. could influence future rates, but for now, the Bank is cautious.
For Alberta homeowners and homebuyers, this period of stable rates is an opportunity. It’s a good time to review your mortgage, plan a home purchase, or consider refinancing to take advantage of the steady borrowing costs. Contact me to go over your personal circumstances and the options available to you.
How an Alberta mortgage broker helps when rates are steady
Stable rates give you time to plan. Here’s what a broker does with that time:
- Review your current mortgage against what lenders are offering today.
- Run the numbers on a refinance, including the cost of breaking your term, before you commit.
- Set up a pre-approval with a rate hold so your purchase budget is settled before you shop.
- Compare fixed and variable options across banks, monolines and alternative lenders.
- Explain each Bank of Canada announcement and what it changes for your file.
- Find a lender when your own bank has said no.
Planning a purchase or a refinance in Alberta?
Go over your own numbers and the options available to you at today’s rates.
Apply Online → Book a Discovery Call → Serving Calgary, Edmonton & all of Alberta · Mortgages for Less with INDI MortgageQuestions about the December 2025 rate hold
What did the Bank of Canada announce on December 10, 2025?
Why did the Bank of Canada hold instead of cutting again?
What did the rate hold mean for Alberta homebuyers?
Had home prices fallen much by December 2025?
Was it a good time to look at refinancing?
What could have moved rates in 2026?
This article was written in December 2025; interest rates, forecasts and market conditions have changed since then. It is general information for Alberta homebuyers and homeowners, not financial, mortgage, real estate or legal advice. Rates, products and qualification rules vary by lender and can change. Please speak with a licensed mortgage professional about your specific circumstances. Mortgages for Less with INDI Mortgage.
