What's the mortgage-rate forecast for the rest of 2026?
Quick Answer
Short answer: Five-year fixed rates hover around 4.2% in mid-2026; further BoC cuts could bring them closer to 3.9% by year-end.
Detailed Explanation
With the Bank of Canada having trimmed its overnight rate through the first half of 2026, discounted five-year fixed rates sit around 4.2% at mid-year. Most economists at BMO, National Bank, and Desjardins see rates stabilising or easing modestly further if inflation stays near target.
- BoC terminal-rate call (median): 2.75%
- Five-year fixed discounts currently available: ~4.2%
- Variable-rate borrowers have already seen meaningful relief vs 2023–24 peaks
Disclaimer: This page is for general information only and does not constitute legal, financial, or real estate advice. Always verify details with a licensed Alberta REALTOR®, mortgage professional, or lawyer before making decisions. Buy in Edmonton assumes no liability for actions taken based on this content.
Tim Grover, RE/MAX Excellence • 5607 199 Street NW, Edmonton, AB
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