Alberta Closing Costs Calculator
Alberta closing costs usually run about 1.5% of the purchase price, or about $7,500 on a $500,000 home: legal fees, land titles registration, title insurance, a property tax adjustment and an inspection. Alberta has no land transfer tax. Enter your price and down payment to see the estimate and the total cash you need at closing.
Estimates for illustration only, not an approval or quote. Uses the Canadian stress test (higher of 5.25% or your rate plus 2%) and typical 39% GDS and 44% TDS limits where relevant.
Questions About This Calculator
How much are closing costs in Alberta?
Most buyers budget about 1.5% of the purchase price. There is no land transfer tax in Alberta, only small land titles registration fees, so costs are lower than in BC or Ontario.
Is mortgage default insurance a closing cost?
It is usually added to your mortgage rather than paid in cash at closing. There is no provincial sales tax on the premium in Alberta.
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