Fixed mortgage rates in Alberta are around 3.8% at brokerages and over 4% at major banks, with variable rates generally 3.5% or higher. The Bank of Canada held its overnight rate at 2.25%, keeping variable rates stable. Fixed rates are expected to remain near 3.7%. Minimum down payments range from 5% to 20% depending on home price. Alberta's housing market saw a 2.7% monthly sales increase but a 12.1% yearly decline, with abundant listings keeping prices steady.
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