Midgard Peak is a mountain summit located in the Valhalla Ranges of the Selkirk Mountains in British Columbia, Canada. Midgard Peak is the third-highest point in the Valhalla Ranges, with the highest being Gladsheim Peak, to the east-northeast. Its nearest higher peak is Asgard Peak, to the northeast. It is situated on the southern border of Valhalla Provincial Park, northwest of Gimli Peak, and west of Slocan and Slocan Lake. The name Valhalla Mountains first appeared in George Mercer Dawson's Geological Survey of Canada map published in 1890. Dawson applied names derived from Scandinavian mythology to several of the mountain ranges and peaks in Southern Kootenay. In keeping with the Valhalla theme, this peak's name was submitted February 1970 by Robert Dean of the Kootenay Mountaineering Club for consideration, and it was officially adopted March 3, 1971, by the Geographical Names Board of Canada. According to Norse mythology, Midgard is the home of earth dwellers. Based on the Köppen climate classification, Midgard Peak has a subarctic climate with cold, snowy winters, and mild summers. Temperatures can drop below −20 °C with wind chill factors below −30 °C. Precipitation runoff from the mountain drains into tributaries of the Slocan River.