Compare current fixed and variable mortgage rates, monthly payment estimates, and first-time buyer programs for Airdrie homebuyers.
Based on $$540,000 average home price at current Alberta rates.
| Down % | Down Amount | CMHC Fee | Mortgage | Monthly Fixed | Monthly Variable |
|---|---|---|---|---|---|
| 5% | $27,000 | $20,520 | $533,520 | $3,085/mo | $2,628/mo |
| 10% | $54,000 | $15,066 | $501,066 | $2,897/mo | $2,468/mo |
| 15% | $81,000 | $12,852 | $471,852 | $2,728/mo | $2,324/mo |
| 20%NO CMHC | $108,000 | $0 ✅ | $432,000 | $2,498/mo | $2,128/mo |
The average home price in Airdrie is approximately $540,000 as of 2026, representing a +6.1% change year-over-year.
Current 5-year fixed rates in Airdrie start around 4.89%, while variable rates start around 3.35%. Credit unions in Alberta often offer rates 0.25–0.50% below major banks.
To afford a $540,000 home in Airdrie with 10% down at 4.89%, you would need approximately $86,462/year gross income to meet the GDS ratio of 39%.
For a $540,000 home, the minimum down payment is 5% on first $500K + 10% on remainder. With 5% down, CMHC insurance of $20,520 is added to your mortgage.
With the Bank of Canada holding at 2.25%, variable rates (3.35%) are currently lower than 5-year fixed (4.89%). Variable saves money if rates stay flat or drop, but fixed gives payment certainty. Consult a mortgage broker for your specific situation.