Alberta Mortgage Calculator
Calculate your Alberta mortgage payment with CMHC premiums and no land transfer tax.
Why use an Alberta Mortgage Calculator?
Alberta has no land transfer tax, so your closing costs are among the lowest in Canada. Use this calculator to estimate your payment, CMHC premium, and registration fees.
Alberta has no land transfer tax, so your closing costs are among the lowest in Canada. Use this calculator to estimate your payment, CMHC premium, and registration fees.
Result
Enter your details to see the estimated payment here.
Related Calculators
Alberta has no land transfer tax. Only small title registration fees apply (about $0.50 per $1,000 of property value, plus a flat fee).
Average Home Prices in Major Alberta Cities (2025)
| City | Detached | Semi-Detached | Townhouse | Condo |
|---|---|---|---|---|
| Calgary | $700,000 | $550,000 | $400,000 | $320,000 |
| Edmonton | $500,000 | $400,000 | $300,000 | $200,000 |
| Red Deer | $420,000 | $340,000 | $270,000 | $180,000 |
| Lethbridge | $410,000 | $330,000 | $260,000 | $170,000 |
| Grande Prairie | $400,000 | $320,000 | $250,000 | $160,000 |
| Medicine Hat | $390,000 | $310,000 | $240,000 | $150,000 |
Source: CREA, 2025 estimates. Prices are approximate and may vary.
How Mortgage Rules Work in Alberta
- No Land Transfer Tax: Alberta buyers pay only a small registration fee, not a percentage-based land transfer tax like in Ontario or BC.
- CMHC Insurance: If your down payment is less than 20%, you must pay a CMHC (mortgage default insurance) premium, which is added to your mortgage.
- Lower Closing Costs: Alberta's closing costs are among the lowest in Canada due to the lack of land transfer tax.
Example: On a $400,000 home with 10% down, you pay a CMHC premium, but no land transfer tax. Registration fees are about $200–$300.
Frequently Asked Questions
No, Alberta does not have a land transfer tax. Only small property registration fees apply.
CMHC is mortgage default insurance required in Canada when your down payment is less than 20%. The premium is added to your mortgage.
Registration fees are low, typically about $0.50 per $1,000 of property value, plus a small flat fee.