4.60%

Current Variable Rate

5.45 %

Current Prime Rate

Please Note: Some conditions may apply. Rates may vary from Province to Province. Rates subject to change without notice. Posted rates may be high ratio and/or quick close which can differ from conventional rates. *O.A.C. & E.O

TermsBank RatesPayment Per $100K
6 Months7.89 %$756.21
1 Year7.74 %$746.69
2 Years7.34 %$721.53
3 Years6.94 %$696.72
4 Years6.74 %$684.44
5 Years6.79 %$687.50
7 Years7.10 %$706.60
10 Years7.25 %$715.92
Our RatesPayment Per $100KSavings
7.49%$730.93$25.28
5.74%$624.43$122.25
5.54%$612.72$108.81
4.40%$561.28$135.43
4.64%$561.28$123.16
3.98%$555.70$131.80
5.40%$604.58$102.02
5.80%$627.97$87.95

Make Your Move This Summer: Home Buying Advantages You Should Know

Why Summer is a Great Season to Buy a Home

1. More Homes on the Market
Summer brings a surge in new listings, which means more choice for buyers. Whether you’re looking for a family-friendly neighbourhood, a home with a great backyard, or your first condo, you’re more likely to find options that fit your needs and budget.

2. Ideal Weather for Home Shopping and Inspections
Viewing homes in the summer allows you to see everything clearly—from the roof and exterior condition to landscaping and drainage. Inspections are easier to schedule and more thorough when nothing’s hidden under snow or ice.

3. Easier Moving Logistics
Summer is the most convenient time to move. The weather is on your side, school is out (ideal for families), and moving companies tend to be more readily available than during the busy fall or winter months.

4. More Time and Flexibility to House Hunt
With longer daylight hours and vacation time, buyers often find it easier to book showings, explore neighbourhoods, and coordinate next steps without rushing. It’s a great time to take a more relaxed—but still strategic—approach.

5. You Can Settle In Before Fall
Buying in the summer gives you time to move in and get settled before the cooler weather arrives. For families, it also means getting into your new home and school zone before the academic year starts.

What About Market Competition?

It’s true that summer can bring more buyers into the market—but that doesn’t mean it’s a disadvantage. With more listings available, competition is often balanced by greater supply. And with the right pre-approval and guidance, you can act confidently and quickly when the right home comes along.

At Steven Murdoch Mortgages, we help clients get mortgage-ready so they can make strong, timely offers without feeling pressured or rushed.

Local Market Snapshot: Edmonton and Area

In Edmonton and surrounding communities, the summer real estate market tends to be active but manageable. Prices may see modest seasonal increases, but this is often offset by the wider range of listings available. Buyers who are prepared and pre-approved are in an excellent position to secure the home they want—without the winter delays or limited inventory.

Tips for Summer Homebuyers

  • Get pre-approved early so you know your budget and can move quickly on offers.

  • Work with a knowledgeable broker who can connect you with lenders offering competitive rates and flexible terms.

  • Take advantage of weekday showings when there’s less competition.

  • Be clear on your priorities so you can recognize a great opportunity when you see it.

Make the Most of the Summer Market

Buying a home is a major milestone—and summer is one of the best times to make it happen. With more inventory, ideal weather, and strong financing options available, there’s a lot to gain by entering the market now.

At Steven Murdoch Mortgages, we’ll walk you through the process from pre-approval to possession day with personalized advice and lender access that puts you in control.

Whether you’re buying your first home, upsizing, or relocating, summer offers the flexibility and momentum you need to succeed.

Let’s make this summer the season you find your new home.

Get in touch with us today to explore your mortgage options or start your pre-approval process.