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Estimate your mortgage payment, CMHC insurance and cash to close in Alberta, starting from the Calgary benchmark of $571,500. Alberta has no land transfer tax, only Land Titles fees, so first-time buyer help comes from federal programs: the FHSA, the Home Buyers’ Plan, the home buyers’ amount and the GST rebate on new homes.
Benchmark prices August 2026 · Rules checked October 16, 2026
Mortgage calculator for Alberta
It opens on the Calgary benchmark price of $571,500 (August 2026). Pick another Alberta market or type your own price, then set your down payment, rate and amortization. The rate starts at 4.5%, our rounded assumption from Bank of Canada data, not a quote.
$2,530.48monthly mortgage payment
Down payment
$114,300 (20.0%)
CMHC insurance premiumNot needed with 20% or more down
$0
Mortgage amount
$457,200
Cash you need on closing day
Down payment
$114,300
Land Titles transfer fee$50 plus $5 per $5,000 of value
$625
Mortgage registration fee$50 plus $5 per $5,000 of the mortgage
$510
Total cash to close
$115,435
Alberta has no first-time buyer rebate on its land title fees. See the programs below for the help that does apply.
CMHC says closing costs usually run 1.5% to 4% of the price: $8,573 to $22,860 on this home.
Prices: CREA MLS® Home Price Index, composite benchmark, August 2026. Payments use semi-annual compounding, as Canadian fixed-rate mortgages do. CMHC premiums and the minimum down payment follow CMHC’s published rules. Your own estimates stay in your browser.
Alberta at a glance
CREA MLS® Home Price Index composite benchmark for Calgary, August 2026, not seasonally adjusted.
A typical home in the market, not an average sale price.
Alberta has no land transfer tax; this is the fee to register the transfer.
Alberta has no first-time buyer rebate on its land title fees.
See the first-time buyer programs below for the help that does apply.
5.6% of the benchmark price: 5% of the first $500,000 and 10% of the rest.
With 20% down it’s $114,300.
At 4.5% over 25 years, our default rate assumption, with semi-annual compounding.
CMHC lists only Ontario, Quebec and Saskatchewan as taxing the premium.
FIRST-TIME BUYERS
First-time buyer programs in Alberta
We found no provincial first-time buyer rebate on alberta.ca, and with no land transfer tax there’s nothing to rebate at closing: the Land Titles transfer fee on the $571,500 Calgary benchmark is $625. Your help as a first-time buyer comes from the federal programs below, which work the same in Alberta as anywhere else.
Federal programs for first-time buyers in Alberta
These work the same in every province. Many first-time buyers can use several together: the FHSA and the Home Buyers’ Plan for the down payment, the home buyers’ amount at tax time, and the GST rebates on a newly built home.
Federal
First Home Savings Account (FHSA)
$8,000 a year$40,000 lifetime: deductible going in, tax-free coming out
WHO QUALIFIES Canadian residents aged 18 to 71 who haven’t lived in a home they or their spouse owned in the current year or the previous four calendar years.
Contributions are deductible like RRSP contributions, and a qualifying withdrawal to buy your first home is tax-free and never repaid.
Unused room carries forward up to $8,000, so the most room you can have in one year is $16,000. Room only starts once you open the account.
The account has to close by the end of the year of the 15th anniversary of opening it, the year you turn 71, or the year after your first qualifying withdrawal.
$60,000per person from your RRSP, with no tax withheld
WHO QUALIFIES First-time buyers (the same four-year test) with a written agreement to buy or build a qualifying home in Canada that they’ll live in within a year.
You repay it to your RRSP over up to 15 years. For a first withdrawal between January 1, 2026 and December 31, 2028, repayments start in the fifth year after the withdrawal.
Any year you repay less than the minimum, the shortfall is added to your income.
You can use the HBP and an FHSA withdrawal for the same home, and the home must be bought or built before October 1 of the year after your first withdrawal.
Home buyers’ amount (first-time home buyers’ tax credit)
$10,000claimed on line 31270 as a non-refundable federal credit
WHO QUALIFIES First-time buyers (no home owned and lived in by you or your spouse in the year of purchase or the four years before), and buyers eligible for the disability tax credit.
It lowers the federal tax you owe; there’s no refund if you owe no tax.
Two eligible buyers can split it, but not above the $10,000 total for the home.
You must plan to live in the home within one year of buying it.
Up to $50,000all the GST, or the federal part of the HST, on a new home up to $1 million
WHO QUALIFIES First-time buyers 18 or older, citizens or permanent residents, who haven’t lived in a home they or their spouse owned this year or the previous four, buying or building a new home to live in.
Full rebate at $1 million or less, shrinking to nothing at $1.5 million. CRA’s example: a $1.25 million home gets $25,000.
Bought from a builder: the agreement must be signed on or after March 20, 2025 and before 2031, with construction starting before 2031.
It tops up the regular GST/HST new housing rebate, and applies only to newly built or substantially renovated homes.
Alberta has no land transfer tax. Land Titles charges a fee to register the transfer of land instead: $50 plus $5 for every $5,000 of the property’s value. On the $571,500 Calgary benchmark that’s $625.
Registering your mortgage is a separate fee on the same formula, applied to the principal you borrow, and each extra title affected costs $15. These amounts are from the Land Titles fee schedule effective October 1, 2026; the $5 per $5,000 levy has applied since October 20, 2024.
CMHC puts closing costs at 1.5% to 4% of the price. In Alberta the government charges are the two Land Titles fees; the rest are legal fees and disbursements, a home inspection, title insurance and adjustments for property tax the seller prepaid.
Alberta doesn’t charge sales tax on the CMHC premium, so with less than 20% down the whole premium can be added to the mortgage. The calculator includes the transfer and mortgage registration fees and lets you add your own quotes for the rest.
On the $571,500 Calgary benchmark
Cost
Amount
Notes
Land title fees
$625
Paid at registration
Mortgage registration fee
$510
$50 plus $5 per $5,000 of an 80% mortgage
Legal fees and disbursements
Get a quote
Your lawyer also registers the transfer and mortgage
Home inspection
Get a quote
Optional; you can make your offer conditional on one
Title insurance
Get a quote
Optional; often arranged by your lawyer or notary
Property tax and utility adjustments
Varies
Repaying the seller for anything they prepaid past closing
CMHC’s rule of thumb
$8,573 to $22,860
1.5% to 4% of the price for all closing costs together
THE GUIDE
Buying a home in Alberta: what else to know
Down payment rules in Alberta
The minimum is 5% of the first $500,000 of the price and 10% of the part above, so the $571,500 Calgary benchmark needs at least $32,150. At $1.5 million or more you need 20%, because insured mortgages stop there.
With less than 20% down the mortgage must be insured. The CMHC premium is 4.00% of the loan with under 10% down, 3.10% with 10% to 14.99% and 2.80% with 15% to 19.99%, and it’s added to the mortgage.
Using your FHSA and RRSP in Alberta
Each first-time buyer can withdraw everything in their FHSA tax-free and up to $60,000 from an RRSP under the Home Buyers’ Plan for the same home. Two buyers purchasing together can each use both.
The FHSA is never repaid. The Home Buyers’ Plan goes back into your RRSP over up to 15 years, and any year you repay less than the minimum, the shortfall is added to your income.
Buying a newly built home in Alberta
New homes pay GST. First-time buyers can get all of it back on a new home valued at $1 million or less through the federal FTHB GST rebate, up to $50,000, with a smaller rebate up to $1.5 million.
Anyone buying a new home to live in can also claim the regular GST new housing rebate on homes under $450,000. A newly built home also qualifies for a 30-year insured amortization through CMHC Home Start, first-time buyer or not.
Calgary and Edmonton prices
Calgary’s benchmark is $571,500 and Edmonton’s is $420,100 (August 2026). Edmonton’s is under $500,000, so its minimum down payment is a flat 5%: $21,005.
With 20% down at 4.5% over 25 years, a home at Edmonton’s benchmark costs about $1,860 a month, and one at Calgary’s about $2,530.
Mortgage lenders in Alberta
The big banks lend across Canada, including in Alberta. Listed for convenience, not ranked here. See every lender’s current rates on mortgage rates in Canada.
Pick Calgary or Edmonton to start from its benchmark price, or type your own. Set your down payment, rate and a 25 or 30 year amortization. You get the monthly payment, the CMHC premium if you put less than 20% down, Alberta’s Land Titles fees and the cash you need on closing day.
What is the monthly mortgage payment on a typical Calgary home?
On the Calgary benchmark of $571,500 (August 2026), with 20% down at 4.5% over 25 years, about $2,530 a month.
Does Alberta have a land transfer tax?
No. You pay a Land Titles fee to register the transfer, $50 plus $5 per $5,000 of value, and a second fee on the same formula to register your mortgage. On the $571,500 Calgary benchmark the transfer fee is $625.
How much are Land Titles fees in Alberta?
$50 plus $5 for every $5,000 of value to transfer the title, and $50 plus $5 for every $5,000 of principal to register the mortgage. Each extra title affected costs $15.
What are closing costs in Alberta?
The two Land Titles fees, legal fees and disbursements, a home inspection, title insurance and adjustments for prepaid property tax. CMHC’s rule of thumb is 1.5% to 4% of the price; with no land transfer tax, Alberta buyers have fewer government charges to cover.
How much down payment do I need in Alberta?
5% of the first $500,000 and 10% of the rest, or 20% at $1.5 million or more. On the Calgary benchmark that’s $32,150.
Are there first-time home buyer programs in Alberta?
We found no provincial rebate or grant, and with no land transfer tax there’s none to give. First-time buyers use the federal programs: the FHSA, up to $60,000 from an RRSP through the Home Buyers’ Plan, the $10,000 home buyers’ amount and up to $50,000 of GST back on a new home.
Can I use my FHSA and the Home Buyers’ Plan together in Alberta?
Yes. You can make a qualifying FHSA withdrawal and an HBP withdrawal for the same home, as long as you meet the conditions for each at the time.
What is the monthly mortgage payment on an Edmonton home?
On the Edmonton benchmark of $420,100 (August 2026), with 20% down at 4.5% over 25 years, about $1,860 a month.
General information, not financial or legal advice. Programs have conditions on residency, past ownership and price; your lawyer or notary and the program will confirm what you qualify for. Rules checked October 16, 2026. See our methodology.
