How Much House Can I Afford in Alberta? (2026)

How much house can I afford in Alberta?

No provincial LTT is a major advantage for Alberta buyers. Budget for title registration fees (~$500–$900), legal fees, title insurance, and home inspection. Alberta electricity is among Canada's highest due to the deregulated market. Use the calculator above — it pre-fills Alberta-specific property tax and utility defaults. Always stress-test at your contract rate + 2% (minimum 5.25% OSFI floor). Verify all figures with a licensed mortgage professional.

What are the closing costs in Alberta?

Alberta has NO provincial land transfer tax — one of its key advantages for buyers. A nominal title registration fee applies (approximately $500–$900 on most purchases). No provincial LTT means no first-time-buyer LTT rebate program — but also no LTT to pay. The federal FTHB GST rebate (up to $50,000 on new builds) and FHSA/HBP still apply. Beyond land transfer tax: legal/notary fees (~$1,200–$2,500), title insurance (~$250–$600), home inspection (~$400–$700), and property-tax/utility adjustments.

Is there land transfer tax in Alberta?

No — Alberta does not charge a provincial land transfer tax. You pay a title registration fee (approximately $500–$900 depending on the purchase price) instead of a full LTT. This saves thousands compared to Ontario or BC.

Why is electricity so expensive in Alberta?

Alberta uses a deregulated electricity market with natural-gas-heavy generation, making rates higher and more volatile than hydro-dominated provinces. Typical residential bills are ~$231/mo at 1,000 kWh vs. ~$95/mo in Quebec.