04Choose city
Commercial financing in Medicine Hat, AB
Capitalor facts
- Medicine Hat scores 100 on the Capitalor Lender Density Score — 102 of 134 Canadian markets tracked.
- The cap-rate seed for Medicine Hat is 7.6%, anchoring value on income.
- The average tracked commercial transaction in Medicine Hat is $1,600,000.
Tier
3
Lenders
6
Baseline seed
Density score
100
Rank 102 of 134
Avg deal size
$1,600,000
Baseline seed
Benchmark: GoC 5-year at 4.45% — observed from the Bank of Canada Valet API on 2026-08-12. Cap rate 7.6% (baseline seed).
Capitalor Commercial Debt Rate Index · Last updated 2026-08-12 · Maintained by Capitalor Data Desk
Scope: Medicine Hat, AB · tier 3 · 4 products published
Inputs: 6 lenders · 1,700 buildings · 7.6% cap seed · $1,600,000 avg deal
Next scheduled review: 2026-09-14
How competitive is Medicine Hat for commercial debt?
6 tracked lenders serve 1,700 commercial buildings — one lender per 283 buildings, a density score of 100 and rank 102 of 134 nationally. On the $1,600,000 average deal, a conventional mortgage at 5.05% sizes to $1,120,000 once both the 70% LTV cap and the 1.25x coverage floor are applied.
Medicine Hat is a tier 3 market in the Capitalor coverage set: 63,271 residents, 1,700 tracked commercial buildings, and 6 lenders and brokers observed writing paper here. That works out to one active lender for roughly every 283 commercial buildings, a Lender Density Score of 100 — 102 of 134 nationally and 9 of 14 within AB.
Pricing starts from value, and value starts from the 7.6% Medicine Hat cap-rate seed — the 120th tightest of the 134 markets Capitalor tracks. Applied to the $1,600,000 average transaction, that implies about $121,600 of net operating income before financing.
Take the anchor case: a conventional commercial mortgage at 5.05% over 25 years. Seventy percent of the average Medicine Hat deal is $1,120,000, costing $78,961 a year to service. Coverage at a 1.25x floor caps the same loan at $1,379,842, so on the typical Medicine Hat file leverage is the binding constraint and the number to solve for first.
Medicine Hat is a deep lender market. On well-covenanted paper you should collect at least three competing quotes; spread dispersion between the best and worst bid in a market this deep is usually worth more than any rate-timing decision. 4 of the Capitalor product set are published for Medicine Hat.
How these figures were produced
- Observed — Recorded directly from the cited source series, unadjusted.
- Modelled — Derived arithmetically from observed inputs using the published method; not a market quote.
- Baseline seed — A documented starting estimate awaiting first observation. Treat as an order-of-magnitude figure only.
03Compare lenders
Capitalor Lender Density Score — Medicine Hat
Active commercial lenders and brokers per 10,000 commercial buildings, indexed 0–100.
- Lenders tracked
- 6
- Baseline seed
- Commercial buildings
- 1,700
02Stress the debt
Size a Medicine Hat deal
Preset to the Medicine Hat anchor case: $1,600,000 value, $121,600 implied NOI, 5.05% conventional pricing. Change any input to run your own file.
DSCR calculator
Preset to the Medicine Hat anchor case
Annual debt service
$78,961
DSCR
1.54x
Within Capitalor DSCR Stress Band
Max loan at 1.25x
$1,379,842
LTV calculator
Preset to the Medicine Hat average transaction
Current LTV
70.0%
Inside lender band
Max loan at cap
$1,120,000
Equity required
$480,000
Loan and NOI held constant. Where the curve crosses the floor line is the rate at which this deal stops covering its debt service.
01Size the deal
Products available in Medicine Hat
Other AB markets
Questions about Medicine Hat
How competitive is commercial lending in Medicine Hat?
6 lenders and brokers are observed writing in Medicine Hat against 1,700 commercial buildings — a Lender Density Score of 100, ranking 102 of 134 Canadian markets Capitalor tracks. That is a deep market.
What is a typical commercial deal size in Medicine Hat?
$1,600,000 across the Capitalor transaction sample. At 70% leverage that is $1,120,000 of senior debt and $480,000 of equity before closing costs.
What cap rate should I use for Medicine Hat?
The Capitalor Medicine Hat seed is 7.6%, the 120th tightest of 134 tracked markets. It is a market-wide baseline, not an asset-level appraisal: adjust for asset class, vintage, lease term, and covenant before underwriting.
How much debt will Medicine Hat NOI support?
On $121,600 of NOI at a 1.25x coverage floor and 5.05% over 25 years, coverage caps the loan at about $1,379,842. The 70% LTV test caps it at $1,120,000, so the binding number is $1,120,000.
Which financing products are available in Medicine Hat?
4 products are published for Medicine Hat under the tier 3 coverage rule. Tier 1 markets carry the full product set; tier 2 carries tier 1–2 products; tier 3 carries anchor products only, because Capitalor will not publish a page it cannot support with observations.
Are these Medicine Hat numbers quotes?
No. They are indicative benchmarks published for comparison. Capitalor does not originate, broker, or place debt, and every figure must be confirmed with a licensed lender before you rely on it.
How often is the Medicine Hat data refreshed?
Benchmark rate observations refresh each business day from Bank of Canada. The lender census refreshes monthly. Cap-rate and transaction seeds refresh quarterly. Revisions are appended, never overwritten, so prior observations stay auditable.
Sources
- [1] Statistics Canada — census of population — Medicine Hat population base (63,271)
- [2] Capitalor lender census — 6 lenders and brokers observed writing in Medicine Hat; refreshed monthly
- [3] Capitalor building inventory — 1,700 commercial buildings, the denominator of the Lender Density Score
- [4] Capitalor transaction sampling — Medicine Hat average deal size $1,600,000 and 7.6% cap-rate seed
- [5] Bank of Canada — GoC 5yr series — Government of Canada 5-year benchmark bond yield used in the anchor pricing case
Not advice — Capitalor is a data publisher. We do not originate, broker, arrange, or place debt, and nothing here is an offer of credit, a quote, or financial advice. Figures are indicative benchmarks for comparison and must be confirmed with a licensed lender or mortgage professional before you rely on them. About Capitalor